PacifiCan invests $9.9 million CAD into Innovate BC’s cleantech adoption initiative
The Integrated Marketplace links local tech companies to industry partners looking to decarbonize.
Cleantech
Despite strong 2022 for cleantech, EDC report finds Canada lags peers on R&D spending, funding, converting startups to scaleups
VC investment in Canadian cleantech jumped 63 percent in 2022 despite a tough economy.
Conexus, Emmertech alum Sean O’Connor joins TechBrew Robotics as CEO
TechBrew is an Emmertech portfolio firm that builds mushroom-picking robots.
Cycle Momentum receives $22.25 million in provincial backing, launches matching cleantech funding program
Origo will offer Québec-based pre-seed and seed-stage startups with $150,000 CAD in funding.
Ecosystem fears cleantech funding gap as ISED pauses SDTC funding after mismanagement investigation
ISED-commissioned report found conflict of interest, governance issues at SDTC.
BDC Capital deploys seed funding to help reduce greenhouse gas emissions
Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding.
Ocean Supercluster announces $20 Million Investment in nine new AI-powered ocean projects
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.
Cleantech startup Relocalize secures $3.5 million CAD to develop hyperlocal food distribution
Relocalize aims to eliminate electric trucks and replace them with on-the-spot food distribution and supply.
Loop Energy lays off majority of staff, citing challenging capital market conditions
Hydrogen fuel cell firm terminates 84 employees, shuts China office.
Oneka raises $12.5 million CAD, prepares to deliver desalination devices along the Pacific coast
Oneka says it can produce fresh water with zero greenhouse gas emissions using the power of waves.
Nàdarra Ventures makes $20-million first close in new Canadian biotech fund for sustainable chemicals development
Backed 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
The 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
Northside 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
With 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
AI, cleantech stay hot as growth-stage activity keeps quiet, per CVCA’s latest report.