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.
Cleantech
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.
Water sampling, agtech startups among Ontario Genomics’ first cohort for BioCreate program
Each company will receive $150,000 from Ontario Genomics.
Collision whispers, new AI officer, fundraising landscape the talk of Vancouver Startup Week 2023
The vibes were positive and the takes hot in VSW’s post-COVID return.
Novisto closes $27-million CAD Series B to help companies improve their ESG reporting
Novisto gears up for growth as shareholder ESG pressure heats up.
List highlights 10 fast-growing, impactful SDTC-backed Canadian cleantech firms
Mara Renewables, MineSense, Ecopia AI crack the list alongside returnees Saltworks, Hifi, among others.
Energy management startup Peak Power raises $47 million CAD to expand across US
Peak Power to expand energy storage tech as new US tax incentive drives adoption.