Edmonton’s Nanoprecise Sci Corp has raised a USD $10 million series B financing round led by Export Development Canada (EDC) with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions. Nanoprecise is an automated AI-based predictive maintenance solution provider that specializes in the implementation of Artificial Intelligence and IIoT technology for predictive asset maintenance and […]
Combine Venture Builders Awarded $1.9 Million by OCIF to Accelerate Growth of Calgary Startups
The Opportunity Calgary Investment Fund (OCIF) will provide up to $1.9 million to Combine Venture Builders over two years to support the rapid scaling of innovative early-stage Calgary technology companies. OCIF is a $100-million initiative launched by the City of Calgary in 2018 and is an important tool to accelerate the economic strategy, drive innovation and support a more diversified economy. More than $77 million has been allocated to […]
WCD Invests in HP Indigo 15K Digital Press, a First in Western Canada
Calgary-headquartered WCD has made a significant investment in its digital printing capabilities. The company has announced the installation of a brand new HP Indigo 15K digital press, which is the first of its kind to be installed in Western Canada. The HP Indigo 15K is a high-speed digital press that delivers unparalleled print quality and […]
Harvest Builders Appoints Graeme Harrison as President
Graeme Harrison has joined Calgary’s Harvest Builders as President and is being tasked with setting a new strategic direction that will reorient the studio for future growth and impactful venture building. Harrison joins the studio with a clear vision that builds upon Harvest’s proven track record of successfully scaling early stage ventures. As they restructure the […]
Record-breaking $122 Million Donated to Over 50,000 Causes Through Benevity on Giving Tuesday
Calgary’s Benevity, the leading provider of global corporate purpose software, announced a record $122.2 million was donated through its platform on Giving Tuesday 2022, on the 10th anniversary of this day of giving. Giving increased 9% year over year, setting a record for the highest amount of single day donations on its platform. “We saw […]
Calgary’s ZeroKey Partners with Toyota’s NEXTY Electronics
Calgary’s ZeroKey has partnered with NEXTY Electronics, Toyota Tsusho Group’s electronics trading division. ZeroKey develops large-scale 3D real-time location systems (RTLS) and services global markets with an emphasis on digitization and operational visibility of industrial manufacturing, warehousing, automotive, and supply chain operations. ZeroKey’s patented technology, Quantum RTLS™, is the world’s most accurate wide-area, 3D, millimetre-level RTLS technology that […]
Benevity Appoints New Chief Financial Officer
Calgary’s Benevity – the largest corporate purpose software provider in the world – has a new Chief Financial Officer. Newly appointed CFO Lance Ludman brings over 20 years of experience scaling organizations in the educational technology, social good and cloud software industries. At Benevity, Lance will partner with all business functions to deliver scalable, data-driven […]
Avatar Launches New Venture Capital Fund with Cenovus Energy as Lead Investor
Calgary’s Avatar Innovations has launched the Avatar Leadership Fund I with a $750,000 lead investment from Cenovus Energy. The Fund – targeted at $3 million – will provide early-stage risk capital to emerging energy transition technologies developed through Avatar’s groundbreaking platform, The Avatar Program. Solving for the near absence of risk capital available to early-stage energy technologies in Canada, the […]
Government of Canada Invests in E3 Lithium to Advance Canada’s EV Battery Production
This week the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, along with George Chahal, Member of Parliament for Calgary Skyview, announced a $27 million contribution to E3 Lithium through the Strategic Innovation Fund’s Net Zero Accelerator initiative. This investment will support E3 Lithium’s $87 million project for the construction of a demonstration plant specializing in lithium production. This facility […]
Alberta Enterprise Invests USD $10 Million In Relay Ventures To Support Alberta Tech
Alberta Enterprise has invested USD $10 million into Relay Ventures Fund V to support early-stage Alberta technology companies innovating in finance, real estate, sports and gaming as well as urban life. Included in Relay’s Fund V investments are Alberta-based fintech company, miQ, a savings and credit building platform that aims to provide greater access to new-to-credit […]