CDPQ, Investissement Québec and Energy Impact Partners backed FLO secured a $60 million revolving credit facility from National Bank of Canada's Technology and Innovation Banking Group.
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.
Dragan Tutic's Oneka Technologies closed first tranche of Series A with $12.5M investment led by the Hoffecker Family with participation of Horizon Capital Holdings, AQC Capital, the Wilson Family, Propulia Capital, Invest Nova Scotia, others.
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.
SensorSuite appointed Kristian Lavereau as its new CEO and secured investment from Hazelview Ventures which joined BDC Capital and Greensoil Building Investment Fund as shareholders.
Eric Bergeron led Flyscan Systems secured financing from Marathon Petroleum which joined BDC Capital, Hatch, Enbridge as investors/shareholders. Shawn M. Lyon from Marathon Petroleum joined Flyscan board.
GHGSat secured US $44M Series C1 equity and debt funding from Fonds de solidarité FTQ, BDC Capital, Investissement Québec, Climate Investment, Japan Energy Fund and debt facility from The Bank of Montreal (BMO).
Marc-Andre Forget and Dan Fletcher led dcbel secured US $50M+ Series B funding led by Idealist Capital with participation of Coatue, Volvo Cars, Kevin Mahaffey, Real Ventures and Investissement Québec. Pierre Larochelle of Idealist Capital will join dcbel board.
Occidental to acquire 100% of Carbon Engineering Ltd. for US $1.1B from other investors, Chevron Technology Ventures, BHP Ventures, Airbus Group SE, Air Canada, First Round Capital Lowercase Ventures, Bill Gates, Thomvest Ventures, Starlight Ventures, and others.
General Fusion raised US $25M in combined 1st close of Series F led by BDC Capital and GIC and grants from Government of British Columbia and Canadian Government's Strategic Innovation Fund (SIF)
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.
Investissement Québec, Fonds de solidarité FTQ and Fondaction to invest US $74M in The Lion Electric Company as part of US $142M financing package. Largest shareholder Power Energy Corporation is not taking part in financing.
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.
CarbonCure Technologies secured US $80M new equity funding led by Blue Earth Capital with participation of Breakthrough Energy Ventures, Taronga Ventures, Amazon’s Climate Pledge Fund, Microsoft Climate Innovation Fund, 2150, BH3 Growth Equity and Samsung Ventures.
TransAlta Corporation to re-acquire TransAlta Renewables Inc. for $3.47B or $1.38B to minority shareholders.