• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
 
  • Home
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About Us
  • Contact Us

Alberta Enterprise Corporation Invests $5 Million in Pender Ventures to Boost Alberta Tech Sector

January 16, 2025 by Newsdesk Leave a Comment

Alberta Enterprise Corporation (AEC) has announced a $5 million investment in Pender Ventures‘ $100-million Pender Technology Inflection Fund II.

This strategic move aims to increase early-stage capital access for Alberta’s burgeoning technology and health technology startups. Pender Ventures has further solidified its commitment to the province by establishing a full-time presence in Calgary.

Pender Ventures, founded in 2018, specializes in supporting business-to-business (B2B) and health technology companies as they transition from commercialization to scalable growth.

The firm is led by Managing Partner Maria Pacella, a veteran in the Canadian early-stage ecosystem since 2000, who brings extensive experience in mergers and acquisitions and venture capital investment. Pender Ventures offers strategic and operational expertise to its portfolio companies, fostering their development and market expansion.

Kristina Williams, CEO of Alberta Enterprise Corporation, emphasized the alignment between Pender Ventures’ focus and Alberta’s startup landscape. “Two-thirds of Alberta’s startups focus on health and life sciences or B2B information technology, which aligns directly with the focus of Pender Ventures. With their team local in Alberta, our startups gain direct access to experienced investors with diverse perspectives that can provide a true growth advantage.”

Demonstrating its active engagement in Alberta’s tech community, Pender Ventures previously invested in Edmonton-based DrugBank through its initial fund.

Expanding its local footprint, the firm has appointed Jacob Grainger as a Calgary-based Associate. Grainger formerly served as Senior Ventures Associate at Plug and Play Alberta and co-founded Bloom Bioworks, where he led financing and operational strategies for the synthetic biology startup.

Filed Under: News Tagged With: Alberta Enterprise, Pender Ventures

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Community Partners

Bulletin Board

Plug and Play Alberta Expo to Showcase New Tech Solutions

Plug and Play Alberta will host its Spring 2025 … [Read More...] about Plug and Play Alberta Expo to Showcase New Tech Solutions

Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

A select group of senior executives from Alberta’s … [Read More...] about Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

Calgary Startups Lead Finalist Field at 2025 Alberta Cleantech Awards

Calgary’s cleantech community will be in the … [Read More...] about Calgary Startups Lead Finalist Field at 2025 Alberta Cleantech Awards

Foresight 50 Returns to Spotlight Top Cleantech Ventures in Calgary

Foresight Canada is now accepting applications for … [Read More...] about Foresight 50 Returns to Spotlight Top Cleantech Ventures in Calgary

Startup Scene Heats Up with Inventures 2025 Pre-Party at Platform

Alberta’s innovation community will get an early … [Read More...] about Startup Scene Heats Up with Inventures 2025 Pre-Party at Platform

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Decoder.ca · Fintech.ca · CleanEnergy.ca | Privacy

Notifications