July Alumni Recap | Summer Raises in the Forecast for Foresight Alumni

July 26, 2023

It’s the summer of funding for our network Foresight alumni, who have collectively raised more than $88 million in funding in the last month alone. Their impressive accomplishments will help them scale their technologies and expand their operations to new markets domestically and globally.

Here are a few of the highlights: 

ZS2 Technologies received $2 million from Emissions Reduction Alberta to accelerate the development of carbon-neutral cement. 

Othersphere, a Victoria based company that is developing software to help determine the best places to build new production assets for zero- and low-emission commodities, has secured $3 million in funding

Anaconda Systems was awarded $2.5 million in funding from the Government of Canada, which will allow the company to scale up its innovative composting system. 

SenseNet, which uses an ultra-low power sensor network to detect forest fires, has secured a $1 million investment

CarbonCure secured USD $80 million in funding and plans to devote a bulk of the investment to expansion into Europe, the Middle East, Latin America and Southeast Asia. 


To date, our network of 1,000+ 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. 

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].