7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian firms adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Cleantech
Innovobot unveils “refreshed” deep tech VC fund under Neha Khera’s leadership
After “intense” attempt to raise her own fund, Khera aims to back 25 to 30 deep tech startups with IRV.
Amazon’s Climate Pledge Fund joins Cyclic Materials’ extended Series B round
Cyclic now counts Amazon and Microsoft as backers after extending round for a second time.
Vancouver-based CO280 strikes 12-year carbon removal deal with Microsoft
The agreement will turn paper mills into carbon removal hubs.
Corinex secures $42 million CAD to continue its European expansion
Corinex’s sensors and software help utilities providers monitor their power grids.
Former Blue Origin CEO to advise General Fusion on energy strategy
Bob Smith will serve as a strategic advisor as the Canadian firm moves toward commercialization.
BioAlert secures $2.5 million to help companies detect and manage harmful pathogens in water
Sherbrooke, Que.-based cleantech company hopes to add salmonella, E. coli detection with new funding.
Summit Nanotech closes $36.5-million funding round to commercialize lithium extraction tech
Cleantech startup has been seeking an elusive high-value Series B round since its last raise in 2023.
Canada invests $36.6 million in Strategic Innovation Fund technology networks
In his last days in ISED role, Champagne announced SIF funds for agtech, cleantech organizations.
General Fusion takes major step in quest for Canadian fusion reactors
The company hopes to commercialize energy from fusion in the next decade.
Xatoms and Knead take home top prizes amid strong Canadian showing at SXSW pitch competition
Canada was represented in five of the more than 70 companies pitching.
SDTC funding flowing again with applications for projects under NRC IRAP to open “early” fiscal 2025–2026
Transition of SDTC cleantech projects to NRC IRAP replacement program to conclude this spring.
TandemLaunch closes $37-million Fund IV to create and back deep tech startups
Through VCCI, feds support the firm’s plans to launch new Montréal companies.
Dispersa closes $5.8 million to turn food waste into chemicals for everyday products
Cleantech startup’s seed round was financed entirely by Canadian investors.
Toronto and Waterloo Region orgs get $34 million in FedDev funding
Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations.