March Alumni Recap | Foresight Alumni Raise +$30M in Funding, Add Team Members, and Receive Awards

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March 27, 2023
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It’s beginning to feel a lot like spring, and our network of more than 900 ventures continue to grow their teams, attract funding, and receive awards and recognition for their contributions to the fight against climate change.

Here are a few of the highlights:

Funding

On the heels of the announcement of a $318M funding round in December, Foresight 50 honoree Svante has announced that it is expanding its executive team, including a new COO.

Carbon Upcycling Technologies and Circular Rubber Technologies received $4.4M and $3.2M respectively from Emissions Reductions Alberta.

Hydra Energy was one of 18 companies selected to receive funding from the Alberta Hydrogen Centre of Excellence. Hydra received a $550,450 investment

Three Alberta-based cleantech ventures all received funding from Sustainable Development Technology Canada: 

Future Fields closed a USD $11.2M funding round that will enable it to turn fruit flies into bioreactors, accelerating the biomanufacturing process in medical R&D, pharmaceuticals, and cultivated meat.

Awards & Recognition

Build Smartr Robotics and NanoTerraTech were selected in the Angels for Climate Solutions’ top ten list.

OptiSeis has won the HETI Energy Venture Pitch Competition at CERAWeek 2023. 

VoltSafe Inc. has been selected as a finalist for EPiC 2023, qualifying VoltSafe for up to a USD $5M investment.

Reusables.com and Farment have been named to the Vancouver Economic Commission’s Top Five Climate Tech Startups to Watch in 2023 list.

FREDSense announced a technological breakthrough with its field-ready water testing kits, shortening the time it takes to detect PFAS chemicals from the traditional 4-8 weeks in a lab setting, to just a few hours.

Recap

To date, our network of 900+ Foresight-supported ventures have raised $1.3+ billion in capital, generated $390+ million in revenue, and created 7,150+ high-paying jobs. In total, the economic impact of our alumni companies is more than $2 billion. 

We are inspired by the contributions our alumni companies are making to Canada’s transition to a net zero economy, and we are so excited to see what comes next for these innovators. 

Interested in helping us recognize Alberta’s amazing change-makers in cleantech? Foresight Canada is excited to announce the first annual Alberta Cleantech Awards, with celebrations happening in-person in Calgary as well as livestreamed on April 27, 2023. Nominate yourself, a colleague, or an organization that inspires you.

Stay tuned for more stories about how our alumni are leaving their mark on the Canadian cleantech ecosystem. To submit your story, reach out to [email protected].