Calgary startup Carbonova has raised an oversubscribed $6 million equity round for its technology that turns greenhouse gas emissions into carbon materials for sustainable and inexpensive everyday essentials. The University of Calgary spin-off intends to use the net proceeds from the financing to advance its strategy towards building the first commercial demonstration carbon nanofibers unit in […]
ATB Ventures’ Oliu Becomes First Canadian Organization to Achieve Digital ID Certification
In 2022 ATB Ventures, the research and innovation arm of leading Alberta-based financial institution ATB Financial, launched Oliu, a suite of digital identity products. ATB Ventures announced today that Oliu has achieved certification from the Digital ID and Authentication Council of Canada (DIACC), making it the first organization to get certified for DIACC Pan-Canadian Trust […]
Calgary’s LyfeMD Wins Big at DMZ’s Women Innovation Summit
This week Toronto Metropolitan University’s DMZ held its second annual Women Innovation Summit, where tech startups had the opportunity to pitch their businesses to angel investors from The Firehood to secure cash investments. The pitch competition, which received over 160 applications to participate from coast to coast, heard from 10 women-led startups and awarded a […]
Alberta’s Tawhid App Launches To Empower Muslims Worldwide in Time for Ramadan
As Ramadan approaches, an Alberta-built spirituality app designed for Muslims globally has launched. Ramadan is a time when Muslims around the world fast and try to improve themselves in character and practice. Tawhid App aims to provide a safe social space for Muslims to practice their faith without prejudice Tawhid App is an adaptive platform […]
INNOVATEwest Hosts ‘Grizzly Pursuit’: A Startup Pitch Battle with a $20,000 Prize
If you’re reading this there is a good chance that you’ve heard of Dragons Den and Shark Tank but have you heard of the Grizzly Pursuit? The inaugural INNOVATEwest conference in Vancouver on April 16th and 17th will feature a Grizzly Pursuit competition where six startups will get the opportunity to pitch live on the main stage for a $20,000 […]
Eavor Secures Direct Investment From Japan’s Kajima Corporation
One of the oldest and largest construction companies in Japan has made a direct investment into Calgary’s Eavor Technologies. Founded in 1840, Tokyo’s Kajima Corporation builds high-rise structures, railways, power plants, dams, and bridges. Eavor is a leader in globally scalable geothermal energy technology and its Eavor-Loop utilizes heat from the natural geothermal gradient of […]
Calgary’s Helcim Raises $27 Million to Transform Payment Processing
Calgary’s Helcim has raised a $27 million Series B funding round led by Silicon Valley venture capital firm Headline. The omnichannel payment processing platform will use the funds to further its mission of delivering superior payment and business management solutions to traditional SMBs and mid-market Main Street merchants across Canada and the U.S. This round marks […]
3 Calgary Startups Named to List of Canada’s Most Innovative Tech Companies
The Canadian Innovation Exchange has announced the recipients of this year’s prestigious CIX Top 20 Early and Top 10 Growth awards. These awards celebrate the remarkable achievements of Canadian tech companies at both early and growth stages. Selected by a committee of 150+ esteemed global investors, this year’s winners represent various industries, including climate technology, renewable energy, […]
Amazon Web Services, U of A Team Up To Make the Power of AI More Accessible
In an effort to accelerate the speed of discovery of University of Alberta researchers and make Artificial Intelligence (AI) skills more accessible for Edmonton’s burgeoning tech sector, the University of Alberta and Amazon Web Services (AWS) have teamed up to launch Artificial Intelligence Discovery Place. Located in the U of A’s downtown Enterprise Square campus, […]
Calgary AgTech Startup HEMPALTA Closes Financing in Pursuit of Going Public
Calgary’s Trail Blazing Ventures (TSXV: BLAZ.P), a capital pool company, and HEMPALTA have announced the closing of a private placement financing to raise $1.1 million. The funding will enable the companies to combine and pursue a TSX Venture Exchange listing. HEMPALTA was included on Calgary.tech’s watchlist of startups for 2023. Investors in the financing will […]