Our Investments - Alberta Enterprise

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32 Degrees Diversified Energey Fund II

Founded in 2004, 32 Degrees Capital is an energy-focused private equity firm based in Calgary, Canada. 32 Degrees has more than 100 years of combined experience and integrates a blend of operational and fund management experience. As a long-term strategic partner, we have the experience and technical expertise to identify top tier opportunities and support our portfolio companies in achieving strong returns. 32 Degrees maximizes returns through a comprehensive investment diligence process and active management of positions through regular communication with management teams and best governance practice.

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Accelerate Fund I

Accelerate Fund I is an Alberta based early stage, Angel co-investment fund launched in 2012 with a $10 million investment from Alberta Enterprise. Accelerate Fund I provides additional financing options to early stage technology companies. The fund is managed by AVAC in conjunction with the A100 who manages the industry committee. The industry committee is an extensive advisory network called designed to serve as a “hands on” resource to the fund and its portfolio companies.

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Accelerate Fund II and III

Accelerate Funds II and III are Alberta based early-stage angel co-investment funds in Alberta. With a presence in both Calgary and Edmonton we co-invest alongside angel investors in financing rounds and will typically invest up to $500,000 on the same terms and conditions as private investors. Accelerate Funds II and III invests in private, early-stage Alberta companies in knowledge-based industries including: information and communications technology, clean and energy technology, as well as life sciences, including agriculture and biotech. Accelerate Funds II and III are managed by Yaletown Partners alongside the A100.

Alpaca III

Alpaca VC is a venture capital firm led by former founders who invest at the intersection of the digital and physical worlds. Founded in 2013, we invest in sectors across the US and Canada, including PropTech, Blockchain Infrastructure, Commerce, Sustainability, FinTech, the Future of Work and Marketplaces.

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Amplitude Ventures Fund I

Amplitude is a full-stack venture capital firm using a unique growth model to build Canadian companies with world-class management teams and scale companies to breakout potential. With over $300M under management and offices in Montreal, Toronto and Vancouver, Amplitude applies a proven, evidence-based approach to investing in leading precision medicine companies.

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Azure Capital Partners III and Azure Opportunities Fund

Azure Capital Partners III that invests in post seed and early-stage information technology companies across North America. With headquarters in San Francisco, an office in Menlo Park, California, and a local presence in Calgary, Alberta, Azure Capital brings its extensive connections from Silicon Valley to Alberta-based technology startups. Founded in 2000, with US$750M under management, Azure has advised some of the most successful and important technology firms created over the last two decades.

Builders VC Fund I and Fund II

Builders VC is an early-stage venture capital firm focused on investing where technology and new business models meet to modernize antiquated industries, including healthcare, agriculture, industrial and real estate. Builders VC believes it takes more than great technology to fix an antiquated industry and so partners with entrepreneurs who combine courage, technical acumen and operational expertise. Builders operates offices in San Francisco, Chicago, Hawaii and Calgary.

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Chrysalix Energy III

Chrysalix is a global venture capital fund that commercializes step-change innovation for resource intensive industries. Chrysalix invests in intelligent systems, energy technology and resource productivity solutions to deliver financial returns and environmental sustainability. Their investments have included breakthrough technologies like intelligent systems for mining, electric vehicle smart charging infrastructure, ultra-low-cost solar steam, and 3D printing of steel. The Firm is backed by a strong group of international blue-chip industrial and financial Limited Partners, and is headquartered in Vancouver, British Columbia.

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EnerTech Capital Partners IV

Enertech Capital invests in mid-stage companies essential to energy innovation employing technologies that dramatically improve the profitability of producing or consuming energy on both the customer and utility side of the meter. Their investment focus includes: Digital Networks, Connected Buildings, Mobility and Optimization. The firm has offices in Toronto, Philadelphia, Palm Beach, Boston and San Francisco.

Evok II

Founded in 2016, Evok’s inaugural fund aimed to accelerate the development of critical energy transition technologies across North America. Driven by global momentum toward a net zero future, our first fund established Evok as a leader in industrial innovation and decarbonization. The fund has made several investments in decarbonization technologies, ranging from clean hydrogen and carbon-to-value, to long-duration energy storage. Building on this legacy, Evok launched Fund II in 2022, and will continue to accelerate the energy transition with a focus on sectors such as carbon capture, electrification and hydrogen.

FLYFISH

Flying Fish Fund I

Flying Fish Partners, based in Seattle, is an early-stage venture firm focused on providing capital and value-added support to fast-growing, high-potential AI and ML technology companies in the U.S. and Canada. The firm invests capital, expertise, and relationships in startups with very big ideas and makes initial investments at the seed and pre-seed stages. The firm has offices in Seattle and Edmonton.

Graphite I

Graphite Ventures is an early-stage seeding-for-scale venture capital firm that invests in early-stage B2B SaaS, fintech, proptech, digital health and capital-efficient hardware companies. Graphite is one of Canada’s most active VC firms, and the team has invested in more than 200 companies over the past decade. Graphite launched the CA $110M Graphite Fund IV in 2021 with a focus on Seed and Series A opportunities across Canada.

Inovia Funds 2011, 2018, 2022 and Inovia Growth Fund II

Inovia Capital is a full stack venture firm that invests in passionate tech founders with global ambitions. With over US $1B across early and growth stage funds, Inovia offers capital, coaching, and access to talent in the most valuable ecosystems in Canada, the US, and Europe. Inovia invests in applied services and infrastructure platforms focused on transforming complex legacy industries, such as financial services, healthcare, commerce, transportation, travel, and others. The firm has offices in Montreal, Toronto, San Francisco, London and Calgary.

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McRock iNFund and Fund II

McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund manager focused on the intersection of sensors and software in large industrial markets and smart cities. The McRock team has a unique background of building high-growth venture-backed IIoT companies while also having worked in the power, water, oil and gas industries. McRock partners with relentless entrepreneurs that want to change the world. The firm has offices in Toronto and Calgary.

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New Acres Capital

Managed by Kirchner Group, the New Acres team brings unparalleled experience and relationships in the agricultural and food industries. New Acres proudly supports its portfolio companies as they contribute to the transformation of how the world is sustainably and reliably fed.

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Panache Ventures Investment Fund 2018 and Fund 2022

Panache Ventures is one of Canada’s most active seed stage venture capital funds. The firm is led by a team of experienced operators with a strong record of angel investments, years of institutional VC experience, and networks in Canada, Silicon Valley, and globally. The fund has a founders-first philosophy, a commitment to diversity and strategically co-invests with smart angel investors and seed stage funds. The firm has offices in Montreal, Toronto and Calgary.

PillarFour

PillarFour Capital is a global investment fund with offices in Calgary, Canada and London, England. PillarFour invests in sustainable, energy technology and innovation companies, targeting investment in companies with high ROIC, low capital intensity and commercial technologies that enhance sustainability and lower carbon intensity in the oilfield. The PillarFour investment team is made up of dedicated energy and technology professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence, prudent governance, and social license.

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Relay Ventures Fund III and V

Relay Ventures is an early-stage venture capital fund focused on industries with the potential for growth fueled by the rapid adoption of technology. Relay partners with founders reshaping the verticals where technology will have an outsized impact, including: Mobility, Proptech, Fintech and Sportstech. Relay partners with founders at the Seed and Series A stage and provides support through the entire life cycle of the business. The firm has offices in Toronto, San Francisco, and Calgary.

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Sprout II

Sprout provides seed stage venture and mentor capital to accelerate the growth of Western Canadian B2B software startups. Recognizing the most successful founding teams, building the most globally relevant companies and demonstrating a unique blend of hustle and diversity. In addition to active mentorship, their additional value-add comes from the diversity of their investment team and investor pool that are all successful entrepreneurs in industries ranging from fintech to proptech to energytech.

The51 Food and AgTech Fund

The51 Food and AgTech General Partnership is a trailblazing Canadian venture capital firm, led by women and committed to revolutionizing the agricultural landscape through groundbreaking technology. Their expert team of former founders, operators and engineers provides unparalleled guidance and support, while expansive The51 community connects visionary founders with invaluable domain knowledge, talent and resources. Together, they cultivate a sustainable and thriving future for our planet.

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Yaletown Ventures II and Yaletown Innovation Growth Fund I and Fund II

Yaletown invests in emerging-growth technology companies in Canada that enhance productivity and sustainability for enterprise and industrial customers. Our investments help Canadian technology companies in their initial growth phase to accelerate their growth, shorten exit time-frames and achieve strong exit premiums. With offices in Vancouver, Calgary, Montreal and Toronto, Yaletown is led by a team that brings together industry relationships and more than 120 years collective experience building and financing technology companies. Founded in 2002, Yaletown is backed by leading institutional investors and a network of successful technology entrepreneurs, executives, and angel investors.