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, […]
Alberta Enterprise
Luge Capital Strengthens Presence in Alberta with $10M of Local Support
The Alberta Enterprise Corporation today announced that it has invested $10 million into Luge Capital’s $93-million Fund II. The investment targets emerging Alberta financial technology startups, granting an opportunity to “access capital and growth support from a team dedicated to building global fintech leaders.” The move comes “at a moment when financial services are being […]
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 […]
Alberta Enterprise Backs $100M Tech Fund to Boost Innovation
Alberta Enterprise Corporation (AEC) has played a significant role in the final close of Vancouver-based Pender Ventures’ second venture fund, Technology Inflection Fund II LP, which has secured over $100 million to support Canadian technology growth. As a major investor in the fund, AEC is amplifying its commitment to advancing Alberta’s tech sector, particularly in […]
Alberta Enterprise Invests $7.5M in Amplitude Ventures to Boost Health Startups
Alberta Enterprise Corporation announced today that it has made an investment into Amplitude Ventures‘ USD $192-million Fund II. The USD $7.5 million investment aims to provide early-stage health and life science startups in Alberta with continued access to Amplitude’s specialized expertise and funding in precision medicine. Amplitude Ventures is a full-stack venture capital firm focused on investing in precision […]
Alberta Enterprise Invests in Third McRock Industrial Innovation Fund
Alberta Enterprise announced today that it has invested USD $10 million into McRock Capital Fund III to support the growth of early stage Alberta companies focused on digital transformation of industrial sectors. Alberta Enterprise (AEC) is joined in Fund III by institutional investors including Export Development Canada and industry leaders including Bell Ventures, CIBC Innovation Banking and AspenTech. […]
The51 Secures $30 Million for Fund Targeting Innovative Ag-Tech
The51 Food and AgTech GP announced today the closing of $30 Million for a fund targeting Pre-Seed to Series A investments in founders pioneering food and agriculture technologies. Lead Investor Farm Credit Canada was joined by Alberta Enterprise Corporation and National Bank of Canada, family foundations and offices, and individual accredited investors from agri-business, farming, and industry backgrounds. […]
Alberta Enterprise Invests in Sprout’s Second Seed Capital Fund
Alberta Enterprise has invested $2.5 million in Alberta-based venture capital firm Sprout’s nearly $14 million second fund, providing a new source of high-demand seed capital to Alberta and Western Canadian B2B software startups. Sprout is an early-stage venture and mentor capital firm led by serial technology entrepreneurs and avid investors Kristina Milke, Mark Benning and Shaheel Hooda. Sprout was founded in 2018 […]
Alberta Enterprise Invests Further into Cleantech for an evolving Energy Industry
Edmonton’s Alberta Enterprise has invested USD $10 million into Evok Innovations second fund to continue developing and deploying clean technologies to accelerate the world’s energy transition with a focus on carbon capture, electrification and hydrogen. Evok is a venture capital firm with deep roots in Alberta. Their first fund was established in 2016 as a partnership between Calgary-headquartered […]
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 […]