Venture capital dealings in Canada within the first quarter of 2024 rendered a “mixed landscape,” a new report finds. Investments totalled $1.3 billion across 128 deals, according to the latest “VC & PE Canadian Market Overviews” from the Canadian Venture Capital Association. Investment levels matched the year-ago quarter, but the report noted a 28% decline […]
Bōde Garners $1M from Thin Air Labs to Improve Property Selling Process in Canada
Bōde has received an investment from Thin Air Labs. The Calgary-born real estate technology startup announced this week that it has accepted a $1 million investment through the Thin Air Labs Fund I. The round also involved BDC, Pioneera Ventures, Scalegood Fund, and angel investors, according to a statement from Thin Air. Launched in 2019 […]
Caerus Oil and Gas Taps Freshly Funded Qube for Emissions Monitoring Tech
Earlier this year, Qube Technologies secured a Series B round of capital to advance innovation, broaden international reach, and reinforce its position as a provider of continuous emissions monitoring for high-emitting industries. So far: Success. Qube Technologies will see its continuous monitoring platform deployed across 50 sites in Colorado’s Piceance basin, the company revealed recently. […]
What’s Happening in Calgary’s Tech Scene Right Now? More Than You Probably Think
Tech remains hot in Calgary. The newly minted “Blue Sky City” is not the biggest tech hub in Canada (that’s Toronto) or even the fastest-growing (that would be Vancouver). But it might be the feistiest, and at any rate it’s certainly one worth keeping an eye on. Determined to polish up its industrial image in […]
Going Beyond the Blue Sky: Calgary Aims at Aerospace Sector with Innovation, Funding
There was a stir of controversy when Calgary recently nicknamed itself “Blue Sky City”—a city which already boasts multiple organically grown titles, including Stampede City and Cowtown. The rebranding effort involved a whopping 129 organizations across 26 sectors over two years and, among other intentions, reflects Calgary’s statistically-backed reputation as Canada’s sunniest city (based on […]
Knead Tech Receives Innovation Booster Funding to Upgrade Food Rescue Platform
The Canadian Food Innovation Network announced this week that it is awarding $386,078 across four food-tech projects throughout the country, including one project that is based in Alberta. The capital hails from CFIN through the organization’s Innovation Booster Program. Industry will match these funds to create projects valued at $772,154, according to CFIN. The Alberta […]
Cleantech Upstart Galatea Secures $2.7M in Seed Funding to Fuel U.S. Expansion
We were off by a year. Galatea Technologies, a company on Calgary.tech’s watchlist for 2023, narrowly missed the 2024 list. Not that Galatea wasn’t successful in 2023—they were—but in 2024, the Calgary-based clean-technology upstart is establishing major traction. The company this year bolstered its round of seed funding with a $2.7 million extension with capital […]
Finalists Announced for Innovate Calgary’s Women Founders in Tech Pitch Competition
Five female finalists have been selected for Innovate Calgary’s Women Founders in Tech Pitch Competition. The program, culminating April 30, is designed to honour women in technology and offer them support. One finalist is Purvaja Soochit, CEO of Binoloop, which aims to improve organizational decision-making with an AI-driven evaluation platform. “Designed to automate and streamline […]
$57M Investment Aims to Reduce Emissions in Alberta ‘Through Technologies, Not Taxes’
The Government of Alberta, through Alberta Innovates and Emissions Reduction Alberta, this week announced $57 million in innovation funding for 28 projects. The massive investment across different projects is designed to advance a hydrogen economy, reduce emissions, and create jobs in Alberta, according to a statement from the government. “We are funding new, innovative technologies […]
Calgary is Aiming to Build a More Supportive Ecosystem for Local Entrepreneurs
Organizations in Calgary are collaborating to empower the region’s ecosystem of entrepreneurship. “We’ve heard from our community that being an entrepreneur can sometimes be stressful, like you’re doing everything all by yourself,” reads a statement from Innovate Calgary. “We get it; building something from scratch isn’t easy, and it can take its toll.” Recognizing the […]