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.
Funding
Google Canada commits $2.5-million grant to NPower Canada to help 5,000 job-seekers develop tech skills
This grant enables NPower to integrate Google Career Certificates in its programs.
Niricson closes $10-million Series A to monitor critical infrastructure using tech
Victoria startup’s solution has been tested at Toronto’s Pearson Airport and Saskatchewan’s Gardiner Dam.
Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
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.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
Local Logic raises $17.5 million CAD to develop AI decision-making for location-based risks and opportunities in real estate
Montreal proptech startup wants to impact every real estate decision in the United States and Canada.
PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs
Funded projects are expected to support and create over 1,000 jobs, the government says.
With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups
After deal flow exceeded their family office’s capacity, the McKays built a VC fund.
Oil and gas-backed Climate Investment leads $12-million CAD round into SensorUp’s methane leak-detecting platform
Climate Investment is a specialist investor funded by OGCI, an organization of oil and gas CEOs.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.
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.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.