Calgary startup Splice N Connect has closed the first tranche of a $1.75 million pre-seed round, led by Avatar Leadership Fund, to commercialize technology aimed at one of the grid’s most overlooked vulnerabilities: cable connection points. These splice points—found across under- and above-ground infrastructure—are responsible for more than 55 percent of failures in North America’s […]
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Avatar Leadership Fund Unveils Inaugural Investment into Calgary Startup CO2Brew
Thousands of dollars were on the line, along with exposure to a global audience and tech investors, for the 30 companies that hit the stage at the INVENTURES 2024 Startup Pitch Competition. The May competition was divided into six tracks, each with a $10,000 prize for one of five finalists who pitched live on stage […]
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 […]