Alberta
Avatar Leadership Fund 1 holds $2.5M initial close
Avatar Innovations/Avatar Ventures held $2.5M initial close of inaugural fund, Avatar Leadership Fund 1, anchored by a $750K lead investment from Cenovus Energy Inc. Bryan Trudel will lead as Partner with support David Pratt as Principal of the fund.
GeologicAI secures additional US $10M Series A funding
Yannai Segal and Grant Sanden led GeologicAI secured additional US $10M Series A funding from Export Development Canada, bringing total Series A funding led by Breakthrough Energy Ventures to US $30M.
ATB Private Equity launches 2nd $50M PE fund
ATB Private Equity, private equity investment arm of ATB Financial, launched 2nd $50M PE fund. The fund will continue to be led by Terry Freeman, Head of Investments, and Jan Cerny, Managing Director, with support of Nataliya Kovalenko and Steve Dobbin.
Arolytics closes seed financing
Emmaline Atherton, David Risk, Liz O'Connell founded Arolytics secured additional seed funding led by BDC Capital with participation of Metiquity Ventures, Accelerate Fund III, StartupTNT. BDC's Anamika Mukherjee joined Arolytics board.
Monark secures $1.5M seed financing
Kelsey Hahn and Amanda Julian founded Monark secured $1.5M seed financing led by Storytime Capital, with participation from The51, Archangel and University of Calgary's UCeed.
ZayZoon secures US $34.5M Series B debt and equity financing
ZayZoon raised US $20M in debt funding and US $14.5M in Series B preferred share funding led by Framework Venture Partners and Export Development Canada with participation from ATB Financial and existing shareholders from Canada, US and Switzerland.
Ontopical secures $3.3M seed extension funding
Clayton Feick and Derrick Koenig founded Ontopical secured $3.3M in seed extension funding from Rhino Ventures, Graphite Ventures, Accelerate Fund III including a grant from Alberta Innovates.
AIMCo expands global presence in opening Singapore office
The Alberta Investment Management Corporation (AIMCo) opened Singapore office led by Kevin Bong, AIMCo's Senior Managing Director, Chief Investment Strategist and Head of Singapore.
Carbon Upcycling secures US $26.1M Series A
Apoorv Sinha founded Carbon Upcycling secured US $26.1M Series A led by BDC Capital and OGCI Climate Investment with participation of Clean Energy Ventures, Amplify Capital, Oxy Low Carbon Ventures, CRH Ventures, Cemex Ventures, Local Investing YYC Cooperative, and private investors.
AEC invests $10M in Graphite IAF IV LP
Graphite IAF IV held $11.3M additional close with investment from Alberta Enterprise Corporation/Government of Alberta ($10M) which joins MaRS Investment Accelerator Fund (AIF)/Government of Ontario, OMERS, IAF backed entrepreneurs.
Technip Energies invests in Evok Fund II
Technip Energies invested in Mike Biddle and Marty Reed led Evok Fund II, joining Export Development Canada, RBC, TD, Suncor, Cenovus, Alberta Enterprise Corporation (AEC) as LP investors.
Orennia secures US $25M Series B
Brook Papau, Tanya Baeza founded Orennia secured US $25M Series B funding led by Wellington Management with participation of Quantum Energy Partners, NGP, Veriten, and Tupper Lake Partners. Michael DeLucia from Wellington and Jeffrey Harris from Quantum joined Orennia board of directors.
TransAlta to re-absorb TransAlta Renewables for $1.38B
TransAlta Corporation to re-acquire TransAlta Renewables Inc. for $3.47B or $1.38B to minority shareholders.
GeologicAI secures US $20M Series A
Yannai Segal and Grant Sanden founded GeologicAI secured US $20 million Series A funding from Breakthrough Energy Ventures (BEV).
Highwood Emissions secures $3M seed financing
Jessica Shumlich and Thomas Fox founded Highwood Emissions Management secured $3M seed funding led by Energy Capital Ventures (ECV) and supported by Veritec Ventures.
Cenovus extinguishes 84% of outstanding warrants for $711M
Cenovus Energy (TSX/NYSE: CVE) repurchased for cancellation all of the warrants (45,484,672 warrants) held by Li Ka Shing related entities for $711M.
Eavor announces 1st close of Series B
Eavor Technologies closed 1st tranche of Series B led by OMV AG (€34M) with participation of bp Ventures, Eversource Energy, Vickers Venture Partners, with valuation of CDN $769M. Chubu Electric Power converted debentures into Series B shares.
OneVest secures $17M Series A
Amar Ahluwalia, Jakob Pizzera and Nathan Di Lucca founded OneVest secured $17M Series A led by OMERS Ventures with participation from Luge Capital, Panache Ventures, AAF Management, FJ Labs, Fin Capital, Pivot Investment Partners and Deloitte Ventures.
