# Alberta Innovates: portfolio, investments and team

> Alberta Innovates is an investment firm based in Canada. 47 investments on record, 12 in the last 12 months, latest Jun 2026.

Source: https://millionrounds.com/fund/alberta-innovates (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Alberta Innovates

Last cheque observed Jun 2026; 47 cheques on record.

Deploying now Investment firm

Grant Venture Seed Energy Oil And Gas

Deploying now

**80%** of best year **12** **cheques in 12 months**, 47 on record

Since the last cheque **148** days **00** hrs **00** min **00** sec

Median round **$1.2M** Rounds led **0 of 47** Sole investor **14 rounds** Mostly in **Canada, 87%**

Pitch Alberta Innovates

## Alberta Innovates highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Grant and Venture: 72% of its rounds
- 03 Sole investor in 14 rounds, median $758K

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Energy Oil And Gas
- **Based in:** Edmonton, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **47 appearances**

- **2026** 10 rounds
- **Jun** **[Creative Destruction Lab](https://millionrounds.com/company/creative-destruction-lab)** Grant · CA **$11M** With 2 others
- **Jun** **[H2nanO](https://millionrounds.com/company/h2nano)** Grant · CA **$323K** With 1 other
- **Apr** **[Serenity Power](https://millionrounds.com/company/serenity-power)** Pre-seed · CA · Firms' own news pages **$1.2M** With 6 others
- **Apr** **[Marvel Biosciences](https://millionrounds.com/company/marvel-biosciences)** Debt · CA **$361K** With 2 others
- **Apr** **[PlasCred Circular Innovations](https://millionrounds.com/company/plascred-circular-innovations)** CA **$4.9M** With 1 other
- **Mar** **[Northstar Clean Technologies](https://millionrounds.com/company/northstar-clean-technologies)** Debt · CA **$9.0M** With 1 other
- **Mar** **[H2nanO](https://millionrounds.com/company/h2nano)** Grant · CA **$1.3M** With 1 other
- **Feb** **[Total Containment](https://millionrounds.com/company/total-containment)** Grant · CA **$460K** Sole investor
- **Feb** **[PlasCred Circular Innovations](https://millionrounds.com/company/plascred-circular-innovations)** Grant · CA **$1.7M** Sole investor
- **Jan** **[Prévoir](https://millionrounds.com/company/prevoir)** Pre-seed · CA **$539K** Sole investor
- **2025** 10 rounds
- **Dec** **[Memory Anchor Inc.](https://millionrounds.com/company/memory-anchor-inc)** Seed · CA **$435K** Sole investor
- **Nov** **[Forward Water Technologies](https://millionrounds.com/company/forward-water-technologies)** CA **$6K** With 1 other
- **Sept** **[Syantra](https://millionrounds.com/company/syantra)** Venture · CA **Undisclosed** With 3 others
- **Sept** **[Energy Transition Centre foundation](https://millionrounds.com/company/energy-transition-centre-foundation)** Venture · CA **$10M** With 2 others
- **Aug** **[SolarSteam](https://millionrounds.com/company/solarsteam)** Seed · CA **$717K** With 5 others
- **May** **[OraQ AI](https://millionrounds.com/company/oraq-ai)** Venture · CA **Undisclosed** With 1 other
- **May** **[Lightstrike AI](https://millionrounds.com/company/lightstrike-ai)** Venture · CA **Undisclosed** Sole investor
- **Apr** **[Ayrton Energy](https://millionrounds.com/company/ayrton-energy)** Grant · CA **$480K** With 3 others
- **Apr** **[PrePad](https://millionrounds.com/company/prepad)** Seed · CA **$2.8M** With 3 others
- **Mar** **[Nanoprecise Sci Corp](https://millionrounds.com/company/nanoprecise-sci-corp)** Series C · CA **$38M** With 4 others
- **2024** 10 rounds
- **Sept** **[TeOra](https://millionrounds.com/company/teora)** Seed · SG **$300K** With 2 others
- **Jul** **[Aurora Hydrogen](https://millionrounds.com/company/aurora-hydrogen)** Grant · CA **$3.0M** With 2 others
- **Jul** **[Ekona Power](https://millionrounds.com/company/ekona-power)** Grant · CA **$734K** With 2 others
- **Jun** **[Scaffold](https://millionrounds.com/company/scaffold)** Grant · CA **$1.5M** With 2 others
- **May** **[Mikata Health](https://millionrounds.com/company/mikata-health)** Grant · CA **$800K** Sole investor
- **Apr** **[Thiozen](https://millionrounds.com/company/thiozen)** Grant · US **$3.2M** With 3 others
- **Apr** **[Certarus](https://millionrounds.com/company/certarus)** Grant · CA **$1.2M** Sole investor
- **Apr** **[Verne](https://millionrounds.com/company/verne)** Grant · US **$2.0M** With 1 other
- **Apr** **[Gradient Thermal](https://millionrounds.com/company/gradient-thermal)** Grant · CA **$1.9M** Sole investor
- **Jan** **[Cnergreen](https://millionrounds.com/company/cnergreen)** Seed · CA **$1.5M** With 1 other
- **2023** 9 rounds
- **Nov** **[dealcloser Inc.](https://millionrounds.com/company/dealcloser-inc)** Venture · CA **$3.1M** With 2 others
- **Oct** **[Quickly](https://millionrounds.com/company/quickly)** Seed · CA **$10M** With 1 other
- **Sept** **[Ontopical](https://millionrounds.com/company/ontopical)** Seed · CA **$2.4M** With 3 others
- **Aug** **[Alberta IoT](https://millionrounds.com/company/alberta-iot)** Grant · CA **$750K** With 1 other
- **Jun** **[Vistim Labs](https://millionrounds.com/company/vistim-labs)** Grant · US **$10K** With 2 others
- **Jun** **[Wosler Corp.](https://millionrounds.com/company/wosler-corp)** Grant · CA **$30K** With 1 other
- **Jun** **[Urban Machine](https://millionrounds.com/company/urban-machine)** Grant · US **$10K** With 2 others
- **Feb** **[Innovative Fuel Systems](https://millionrounds.com/company/innovative-fuel-systems)** Grant · CA **$2.0M** Sole investor
- **Feb** **[Alliance Pipeline](https://millionrounds.com/company/alliance-pipeline)** Grant · CA **$1.0M** Sole investor
- **2022** 4 rounds
- **Oct** **[Creative Destruction Lab (CDL)](https://millionrounds.com/company/creative-destruction-lab-cdl)** Venture **$1.6M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Grant Venture Seed

Median round joined **$1.2M** the round, not its cheque Alone, median **$758K**

Led 0 of 47 rounds **0%**

- **Sole investor:** 14 rounds
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Grant *24*
- Venture *7*
- Seed *7*
- Pre-seed *3*
- Debt *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4
- [Government of Canada](https://millionrounds.com/fund/government-of-canada) 4
- [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) 4
- [Prairies Economic Development Canada](https://millionrounds.com/fund/prairies-economic-development-canada) 3
- [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) 2
- [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck) 2

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## Who they invest alongside

The investors most often in the same rounds as Alberta Innovates. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Government of Canada** Government **4** rounds together](https://millionrounds.com/fund/government-of-canada)[**National Research Council of Canada Industrial Research Assistance Program** VC firm **4** rounds together](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi)[**Prairies Economic Development Canada** Investment firm **3** rounds together](https://millionrounds.com/fund/prairies-economic-development-canada)[**Bank of Montreal (BMO)** Corporate VC **2** rounds together](https://millionrounds.com/fund/bmo-financial-group)[**Berkeley SkyDeck** Accelerator **2** rounds together](https://millionrounds.com/fund/berkeley-skydeck)[**CIBC** VC firm **2** rounds together](https://millionrounds.com/fund/cibc)[**Chevron Technology Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/chevron-technology-ventures)[**Creative Destruction Lab** Accelerator **2** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Natural Resources Canada** Government **2** rounds together](https://millionrounds.com/fund/natural-resources)[**Plug and Play** Accelerator **2** rounds together](https://millionrounds.com/fund/plug-and-play)[**Sustainable Development Technology Canada** VC firm **2** rounds together](https://millionrounds.com/fund/sustainable-development-technology-canada)

## Recently backed

The latest companies Alberta Innovates put money into.

[**Creative Destruction Lab** $11M · Jun 2026](https://millionrounds.com/company/creative-destruction-lab)[**H2nanO** $323K · Jun 2026](https://millionrounds.com/company/h2nano)[**Marvel Biosciences** $361K · Apr 2026](https://millionrounds.com/company/marvel-biosciences)[**PlasCred Circular Innovations** $4.9M · Apr 2026](https://millionrounds.com/company/plascred-circular-innovations)[**Northstar Clean Technologies** $9.0M · Mar 2026](https://millionrounds.com/company/northstar-clean-technologies)[**Total Containment** $460K · Feb 2026](https://millionrounds.com/company/total-containment)

## Mentioned on podcasts

Episodes that name Alberta Innovates in their description, not their title.

- [The a16z Show](https://millionrounds.com/podcasts/a16z) 11 Jan 2017 · 27 min a16z Podcast: Machine Intelligence, from University to Industry Mentions [Alberta Innovates](https://millionrounds.com/fund/alberta-innovates)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page

## Quick answers about Alberta Innovates

### What does Alberta Innovates invest in?

Alberta Innovates invests most often at Grant and Venture (72% of the rounds on record), in sectors such as Energy and Oil And Gas.

### How active is Alberta Innovates?

47 investments on record, 12 of them in the last 12 months. The most recent was in Jun 2026.

### What has Alberta Innovates invested in recently?

Its most recent investments on record: Creative Destruction Lab (Grant, Jun 2026), H2nanO (Grant, Jun 2026) and Serenity Power (Pre-seed, Apr 2026).

### How big are Alberta Innovates's cheques?

The median round it joins is $1.2M.

### Does Alberta Innovates lead rounds?

Rarely, if at all: none of its 47 investments on record names it as the lead.

### Where does Alberta Innovates invest?

Most of the companies it backs are in Canada (87%) and the United States (10%).

### Is Alberta Innovates investing now?

Yes: it is actively investing, with 12 investments in the last 12 months.

### Who does Alberta Innovates invest alongside?

Most often BDC Capital (4 rounds together), Government of Canada (4 rounds together) and National Research Council of Canada Industrial Research Assistance Program (4 rounds together).

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