Oneka raises $12.5 million CAD, prepares to deliver desalination devices along the Pacific coast
byOneka says it can produce fresh water with zero greenhouse gas emissions using the power of waves.
cleantech
Nàdarra Ventures makes $20-million first close in new Canadian biotech fund for sustainable chemicals development
byBacked by Farm Credit Canada and Natural Products Canada, fund target is $50 million.
GHGSat closes Series C1 to launch more greenhouse gas emissions-monitoring satellites
byThe Montréal-based startup secured $59.9 million CAD but did not disclose equity/debt split.
Former Global Founders Capital partner launches Northside Ventures to back pre-seed Canadian entrepreneurs across North America
byNorthside has secured $6.25 million USD from Inovia, Intact, Bain, Golden Ventures, and Garage Capital, among others.
OMERS Ventures turnover continues with global head Damien Steel joining Deep Sky as CEO
byWith significant summer departures, OMERS Ventures’ playbook has changed once again.
Early-stage VC funding and mega-deals carry Canada to second-largest Q2 on record
byAI, cleantech stay hot as growth-stage activity keeps quiet, per CVCA’s latest report.
Dcbel closes $50-million USD Series B led by climate-focused Idealist Capital
bySmart home energy startup offers bidirectional EV charging.
Carbon Engineering sold to US oil and gas company Occidental for $1.1 billion
bySquamish cleantech startup latest to be attracted by US green tax credits, incentives.
General Fusion raises $33.5 million CAD as it renews focus on Canadian project
byGeneral Fusion delays demonstration plant construction in UK for machine development in Canada.
Alberta looks to hydrogen as the “next frontier” in energy, invests $45 million in related technologies
byThe financing will come via Alberta Innovates and Emissions Reduction Alberta.
New Brunswick Innovation Foundation, Opportunities NB inject $2-million top-up to Climate Impact Fund
bySolutions for low-emission ocean transport and electric motors in cars among past recipients.
BDC’s Climate Tech Fund backs Carbon Upcycling in new $34.4 million CAD round
byCalgary startup claims to reduce the amount of cement used in concrete production by up to 50 percent.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
byFunding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
byToronto startup has interest from sportswear and biopharma clients for its 3D printing tech.
Active Impact, Breakthrough-backed Othersphere secures $3 million to strategically locate climate tech projects
byVictoria-based startup aims to drive industrial decarbonization with data analysis.