Xatoms, Permalution among 10-startup RBC Women in Cleantech accelerator cohort
Program from MaRS and RBC looks to support woman-identifying or non-binary founders of Canadian cleantech startups.
Cleantech
Fed issues $5.2-million investment to boost southern Ontario cleantech
New fund to offer business support and seed funding.
Northside Ventures closes first early-stage VC fund at $15 million CAD
This emerging manager just met his target amid one of the worst fundraising environments in a decade.
New School Foods lands big fish as IKEA joins returning investors in $8-million CAD seed extension
Startup plans to bring plant-based salmon alternative to US, Canadian markets.
BC chopstick recycling startup ChopValue picks up additional $4 million CAD
ChopValue recently launched a parent brand to bring its micro-manufacturing model to new resources.
Humi co-founder’s nuclear power venture closes $27-million USD Series A
Aalo Atomics, led by Matt Loszak, wants to reduce the cost of nuclear energy.
MKB raises $145 million for third cleantech fund mostly from government agencies
Canada Growth Fund, Investissement Québec, CDPQ, and BDC have announced their investment in MKB Fund III.
Social Finance Fund-backed Boann reveals first investments in Canadian impact funds
Portfolio includes Active Impact, BKR, Cycle H2O, InvestEco, Raven, Renewal, Sandpiper, Spring, The51.
Svante gets $137-million CAD commitment from Canada Growth Fund
The funding will be used to support the development of Svante’s carbon capture and removal projects.
Miru closes $27.4-million CAD Series A as smart windows startup prepares to launch in 2025
Startup’s windows control heat gain and glare to reduce the need for air conditioning.
Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility
UgoWork said it might raise additional capital, but declined to disclose further details.
BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation
Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Acel Power raises $13.6 million CAD to ramp up production of battery-powered boat motors
Startup plans to bring 150- and 250-horsepower motors to market in the fall.
Emissions Reduction Alberta commits $44.4 million to 21 cleantech projects
Startups such as Wyvern and Arolytics received funding from ERA’s Emerging Innovators Challenge.