Summit Nanotech, a Calgary-based leader in sustainable lithium extraction, has raised $36.5 million to advance its direct lithium extraction (DLE) technology. The funding round was led by Evok Innovations and BDC Capital’s Climate Tech Fund, with support from Xora Innovation, Capricorn Investment Group, Mitsui Kinzoku – SBI Material Innovation Fund, and LG Technology Ventures. The […]
Ascend Calgary: A New Hub for Youth Innovation and Creativity
A new youth-driven innovation hub is making waves in Calgary’s startup ecosystem. Ascend Calgary, launched by University of Calgary sophomore Sam Cruz, is providing a dedicated space where young people can collaborate, create, and showcase their projects—whether in startups, hardware, DJing, or storytelling. Cruz was soon joined by co-founder Seleem Badawy, who was inspired by […]
Calgary’s Knead Wins at SXSW Pitch for Tackling Food Waste
Calgary-based Knead Technologies has taken top honors in the AgTech & Food category at the 2025 SXSW Pitch competition in Austin, Texas. The company, which connects food waste with food reuse, impressed judges with its innovative approach to addressing global food insecurity. Knead Tech was one of 45 startups competing across nine categories in the […]
Calgary’s Cashew Secures Top Investment at Women Innovation Summit
Calgary-based Cashew emerged as the top-funded startup at DMZ’s Women Innovation Summit, securing $190,000 in investments from DMZ Ventures ($150,000) and The Firehood ($40,000). The AI-driven market research platform was one of four women-led startups awarded funding at the Toronto event, which saw a total of $535,000 invested in promising female entrepreneurs. Now in its […]
Promise Robotics Expands with New Calgary Facility to Boost Automated Homebuilding
Promise Robotics is set to expand its operations with a new 60,000-square-foot warehouse in Calgary, where it will deploy its advanced robotic production lines to accelerate home construction. Slated to begin operations in summer 2025, the facility will have the capacity to produce up to 1,000,000 square feet of housing annually—a significant step toward addressing […]
Calgary Startup Mode Emerges to Strengthen Cyber Resilience
As cyberattacks become more frequent and disruptive, Calgary’s Mode is stepping out of stealth mode with a platform designed to help businesses maintain operations during crises. The cybersecurity startup has spent the past two years refining its product-market fit and is now preparing for a full launch. Founded in 2022, Mode provides a secure communication […]
Calgary’s OneVest Secures $27M to Expand Wealth Tech
Calgary-born fintech OneVest has secured $27 million in Series B funding to enhance its wealth management technology platform. The funding round was led by Salesforce Ventures, with new investors Allianz Life Ventures and TIAA Ventures joining. Returning backers include OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners. Founded in 2021 by Amar Ahluwalia, […]
Calgary’s Knead Technologies Named Finalist in SXSW Pitch 2025
Calgary’s Knead Technologies has been selected as a finalist in the AgTech & Food category at the prestigious 17th annual SXSW Pitch competition, set to take place March 8–10, 2025, in Austin, Texas. The SXSW Pitch is a global platform for startups to showcase groundbreaking innovations to industry leaders, media, and top investors. Since its […]
10 Homegrown Calgary Startups to Watch in 2025
Calgary’s tech ecosystem is poised for remarkable growth in 2025, building on its recent recognition among the world’s top 50 emerging startup ecosystems. The city’s tech job market has expanded by over 78% in the past five years, outpacing other Canadian cities and establishing Calgary as a significant player in North America’s innovation landscape. This […]
Carbon Upcycling Wins Major Recognition in Build Better Innovation Challenge
Calgary’s Carbon Upcycling has been named one of six winners of the prestigious Build Better Innovation Challenge, a program spearheaded by non-profit climate technology investor Elemental Impact. The challenge, supported by global partners Microsoft, Capgemini, and Bouygues, aims to accelerate the adoption of innovative construction materials and processes that reduce emissions and promote sustainability in […]