Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Cleantech
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
Toronto 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
Victoria-based startup aims to drive industrial decarbonization with data analysis.
Oco partners with Adidas to launch shoes sporting carbon-captured ink
Set to be released this fall, the shoes blend screen-printing ink with captured carbon.
Canadian cleantech continues fundraising streak as Orennia, CarbonCure raise collective $105 million USD
From Halifax to Calgary, Canadian cleantech remains resilient despite the tech funding downturn.
Leading steel company ArcelorMittal SA invests $6.6 million in Char Technologies’ decarbonization tech
Char Technologies only Canadian company to receive investment from ArcelorMittal SA’ s XCarb Innovation Fund.
PacifiCan invests nearly $23 million in BC cleantech, zero-waste projects
Saltworks, MintList, and Novarc Technologies all receive funding for expansion and commercialization.
GeologicAI closes $30-million USD Series A to develop AI-powered robot geologists
Bill Gates-founded Breakthrough Energy Ventures has bet on GeologicAI’s bots.
Canada is falling behind on cleantech as capital and companies flee south
Report: nearly 83 percent of Canadian private investment in climate tech leaves the country.
Canadian-led, California-based Joyful Ventures closes $23 million USD to back sustainable protein startups
Joyful has backed two firms with Canadian roots: New School Foods and Orbillion Bio.
Harvest Venture Builders adopts AI focus with new climate and energy vertical
Leaders from energy, FinTech sectors appointed to support Harvest’s new vertical.
EDC increases its matching investment maximum from $5 million to $25 million
Since launching in 2020, the EDC Matching Investment Program has made over $390 million in co-investments.
Eavor secures $80 million to support Austrian oil and gas firm OMV’s transition to green energy
The geothermal startup previously said it plans to raise $145 million in Series B funding this year.
Synthetic biology startup Ardra is brewing up big plans with its fermentation technology
Despite a tough investment climate and a series of setbacks, Ardra is up to the challenge of precision fermentation.
Cohere is the highest ranking Canadian startup on Bessemer’s top 100 deeptech companies
The OpenAI competitor is joined on the list by Nexii, Svante, and fellow Toronto firm Xanadu.