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
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.
Dcbel closes $50-million USD Series B led by climate-focused Idealist Capital
Smart home energy startup offers bidirectional EV charging.
Carbon Engineering sold to US oil and gas company Occidental for $1.1 billion
Squamish cleantech startup latest to be attracted by US green tax credits, incentives.
General Fusion raises $33.5 million CAD as it renews focus on Canadian project
General Fusion delays demonstration plant construction in UK for machine development in Canada.
Alberta looks to hydrogen as the “next frontier” in energy, invests $45 million in related technologies
The financing will come via Alberta Innovates and Emissions Reduction Alberta.
New Brunswick Innovation Foundation, Opportunities NB inject $2-million top-up to Climate Impact Fund
Solutions for low-emission ocean transport and electric motors in cars among past recipients.
BDC’s Climate Tech Fund backs Carbon Upcycling in new $34.4 million CAD round
Calgary startup claims to reduce the amount of cement used in concrete production by up to 50 percent.