PakEnergy, a Dallas-based leader in digital transformation for the energy industry, has announced its acquisition of Calgary’s Petrosight, a cutting-edge provider of advanced well management software. This strategic move solidifies PakEnergy’s standing as a comprehensive provider of end-to-end well-lifecycle management solutions, spanning from site planning and construction to drilling, production, workovers, and decommissioning. Petrosight’s cloud-based […]
ATB Financial and The51 Close $51M AgTech Fund to Drive Agricultural Innovation
In a significant boost for agricultural innovation, ATB Financial and The51 Food and AgTech General Partners have announced the final close of The51 Food and AgTech Fund at $51 million. This early-stage venture fund focuses on supporting diverse science and technology founders working to transform the agriculture sector. The milestone comes amid a challenging venture […]
Alberta Enterprise Corporation Invests $5 Million in Pender Ventures to Boost Alberta Tech Sector
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, […]
Innova Cleantech Secures Seed Funding to Revolutionize Graphite and Hydrogen Production
Calgary-based Innova Cleantech has secured seed funding to accelerate its pioneering work in sustainable graphite and hydrogen production. The investment, led by Weave VC and supported by prominent super angels from the Creative Destruction Lab (CDL), is set to propel Innova’s methane pyrolysis technology towards commercialization. Innova’s innovative approach addresses a pressing global challenge: the […]
Blackline Safety Secures $1.6M Deal with Total Safety for Advanced Gas Monitors
Calgary-based Blackline Safety has announced a $1.6 million agreement with Total Safety, a leading provider of integrated industrial safety solutions. The deal involves the purchase of over 100 of Blackline’s next-generation EXO 8 portable area monitors, which will become part of Total Safety’s rental fleet. The EXO 8 devices will be deployed during critical industrial […]
Inventures 2025 to Shape the Future of Innovation in Calgary
Calgary will host some of the brightest minds in innovation this May as Inventures 2025 takes over the newly opened BMO Centre at Stampede Park. Over three transformative days, this premier global conference promises to redefine the future by uniting visionaries, investors, entrepreneurs, and industry leaders from around the world. The event offers a dynamic […]
OCIF Invests $709,000 in SAIT Aerospace Lab to Boost Calgary’s Economy
The Opportunity Calgary Investment Fund (OCIF) has announced a three-year investment of up to $709,000 in the Southern Alberta Institute of Technology’s (SAIT) Aerospace Composite Materials Lab (ACML). This initiative aims to strengthen Calgary’s aerospace sector, diversify the local economy, and address critical workforce skill gaps. The funding will enable the ACML to enhance Calgary’s […]
HEMPALTA Secures Full Ownership of Hemp Carbon Standard to Expand Global Carbon-Credit Platform
Calgary-based AgTech firm HEMPALTA has acquired the remaining 49.9% stake of Hemp Carbon Standard, granting the company complete operational control of its carbon credit technology. The deal, which includes an initial payment plus additional performance-based payments tied to upcoming carbon credit sales, positions HEMPALTA to scale its carbon credit solutions globally and streamline its platform […]
Alberta Enterprise Corporation Launches $15M Accelerate Fund IV
Alberta Enterprise Corporation (AEC) has announced the launch of its fourth early-stage angel co-investment fund, Accelerate Fund IV, with a $15 million anchor investment. The launch marks the first close of Accelerate Fund IV, which aims to raise a total of $25 million from institutional investors, family offices, high-net-worth individuals, and other strategic players to […]
Calgary Invests in Tech Talent Development Through TECHNATION Partnership
The Opportunity Calgary Investment Fund (OCIF) is committing $862,500 to TECHNATION to support 250 work-integrated learning (WIL) placements in Calgary’s tech sector over the next seven months. This investment aims to strengthen the city’s tech talent pipeline while promoting economic diversification. “Calgary is continuing to demonstrate its leadership as a tech hub,” said Mayor Jyoti […]