EDC Investment Matching Program
$10,000,000.00
Investment
Description:
Export Development Canada (EDC) can match investments of $10 million or more with our expedited co-investment program.
With the goal of accelerating the growth of Canadian businesses, EDC leverages the due diligence of your venture capital or private equity investor(s) to help you access more capital faster, and “matches” new investments on their terms and conditions
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must:
1. have international expansion as a key corporate priority of your growth plans and/or use of funds —if you’re not already doing business internationally.
2. Exporters with $1 million to $10 million in revenues can potentially access up to $10 million in matched investments (inclusive of follow-on investment reserves as deemed appropriate by EDC).
3. Exporters with $10 million to a maximum of $300 million in revenues can potentially access up to $25 million in matched investments (inclusive of follow-on investment reserves as deemed appropriate by EDC).
4. have a new term sheet created with an aligned, qualified Canadian or international institutional venture capital or private equity investor.
Application Steps:
Applicants must:
1. connect with your venture capital or private equity investor(s) to let them know you’re interested in the EDC Investment Matching Program.
2. investor will connect with EDC to find out if they qualify as a co-investment partner with EDC. To qualify, they must have a fund of at least $100 million, or be backed by EDC, Business Development Bank of Canada (BDC) or Farm Credit Canada (FCC). In addition, they must enter into a contractual obligation to align and share information with EDC.
3. Once qualified, the investor will share their term sheet, investment memorandum, and diligence materials, as required, with EDC.
4. DC will then engage with you and your investor(s) to verify due diligence, gather additional information as required, and better understand the investment opportunity. Note: Approval isn’t assured, and meeting eligibility criteria is only one step in EDC’s expedited co-investment review process. Opportunities are assessed by EDC, to ensure they align with our strategy and standards (including ESG).
5. Following approval, the timelines for the legal documentation process (payable by you, the investee) and closing date of the transaction will follow market standards.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
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Maurice