Corrpro Canada
Location: Calgary, Alberta VC Investor: PillarFour Capital Partners Company URL: corrprocanada.com
Strategic Importance: Infrastructure for energy, mining, processing, manufacturing, civil engineering, environmental protection
So many innovative ideas, products and inventions have failed due to the lack of capital and business expertise required to grow the business and become successful.
As a company that specializes in preventing infrastructure and industrial assets from the effects of corrosion, Calgary-based Corrpro Canada understood the importance of finding a knowledgeable Venture Capital partner to bring stability and structure to their growth plans.
200 Specialists Employed
skilled in cathodic protection
“Having a strong Canadian company in this space means employment for engineers, technicians, field workers, and suppliers in Alberta and Canada — supporting the local economy and building expertise at home.”
Strength of Concept
When metallic infrastructure like pipelines, storage tanks or bridges is exposed to the environment, it gradually weakens due to corrosion (ie. rust). This can cause leaks, failures and structural damage. It is not only incredibly costly to companies (and taxpayers), but also poses risks to public safety and the environment.
Corrpro Canada saw an opportunity to get ahead of the problem by engineering and designing an array of innovative solutions to help stop damage before it becomes a major problem. This ranges from the development and installation of turnkey cathodic protection systems to maintenance programs to monitoring and detection technologies.
By extending the operational life and environmental safety of infrastructure, Corrpro is helping companies meet ESG targets.
Solid VC Backing
A private investment from the PillarFour Fund II has enabled the company to develop and refine its technology and processes and expand across the country. The fund is run by PillarFour Capital Partners, a Calgary-based Venture Capital firm that focuses on sustainable, energy technology and innovation companies. Alberta Enterprise Corporation (AEC) is an investor in the PillarFour Fund II on behalf of the Government of Alberta. This allows them to indirectly support entrepreneurial Alberta companies like Corrpro.
PillarFour fund has provided invaluable support to Corrpro through an ongoing relationship.
Corrpro has opened regional offices in Ontario and Quebec, and is staking its claim as a national leader in corrosion prevention. Its technology is contributing to sustainability across multiple sectors by increasing the lifespan of costly industrial infrastructure while preventing risk.
The latest round of VC funding will allow Corrpro to lean more heavily into their risk management platform, remote monitoring, predictive analytics and real time data intelligence tools to spot corrosion before it becomes a problem.
