Fluid Biomed, a clinical-stage medical device company specializing in vascular disease treatments, has announced the successful closure of a USD $27 million Series A equity financing round. The oversubscribed round was co-led by Amplitude Ventures and an undisclosed strategic partner, with additional investment from IAG Capital Partners, LifeArc Ventures, and returning backers ShangBay Capital and […]
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Calgary Tech Anchor Absorbs Toronto’s Together on Mission to Foster ‘Culture of Learning’
Calgary-based learning technology company Absorb announced this week the acquisition of Toronto’s Together, which develops mentorship software. Historically, mentoring platforms and learning management systems have been siloed, according to Absorb, which now claims to be “the first learning technology provider to bring mentoring and coaching into its ecosystem with the goal of delivering a truly […]
Two Alberta Firms Garner Government, Industry Investment to Fuel Food Innovation
The Canadian Food Innovation Network this week revealed that it is awarding a total of $500,000 to 11 food-tech projects across Canada. The funding, hailing from CFIN’s Innovation Booster Program, is set to be matched by industry for a total of $1M in investments. The projects span a wide range of innovations, including the digitalization […]
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 […]
Recognizing the Success of Financial Technology Innovation in Alberta in 2024
This year the province of Alberta surpassed BC in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. Following this “continued momentum” up, Start Alberta recently recognized the top areas for venture capital flow in the province through 2024. And at the head of the pack, in front of Energy and […]
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 […]
Start Alberta Celebrates Health of Startup Investment in Calgary
Through the first half of 2024, the province of Alberta surpassed BC—for the first time—in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. “The second quarter of 2024 continued the momentum we saw earlier in the year, with steady venture capital investment,” stated Kim Furlong, chief executive of CVCA, […]
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 […]
Kevin O’Leary Leads Visionary $70 Billion AI Data Centre Project in Alberta
Dragon turned Shark Kevin O’Leary is spearheading a transformative initiative to establish the world’s largest AI data centre industrial park, Wonder Valley, in Alberta’s Greenview Industrial Gateway (GIG). This ambitious project, undertaken in partnership with the Municipal District of Greenview, aims to position Alberta as a global leader in cutting-edge data infrastructure and sustainable energy […]
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 […]