Welcome to this week's Sunday Briefing. In this edition:
Last chance for Foresight 50 applications
Improving drinking water for rural communities
A big investment in insurance tech
Have a great day. We'll see you again next week.
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🗳️ Question of the Week
Which impact of Carbon Upcycling’s tech excites you most?
Photo: Unsplash
Carbon Upcycling raises US$18M
Calgary-based Carbon Upcycling Technologies has closed an $18 million USD investment round led by Builders Vision, marking a significant milestone for the local cleantech company as it advances its carbon capture and utilization technology.
The funding round attracted strong participation from existing investors, including the Business Development Bank of Canada, Climate Investment, Amplify Capital, and strategic partners CRH Ventures, Oxy Low Carbon Ventures, and TITAN Group. The continued backing from returning investors signals growing market confidence in the company's commercial viability.
Transforming waste into building materials
Carbon Upcycling has developed what it describes as a first-of-its-kind technology that "produces high-performance, sustainable supplementary cementitious products by utilizing and upcycling locally sourced, low-value materials and captured CO₂ emissions." The process addresses two environmental challenges simultaneously: reducing carbon emissions while repurposing industrial waste.
The Calgary company's approach localizes building material production, which could strengthen construction supply chains while significantly reducing cement-related emissions.
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🤝 Funding, Deals, and Partnerships
Modular Solutions closes financing round to drive innovation in the insurance industry. The Calgary-based company provides next-gen insurance SaaS technology that enables providers to break free from archaic, siloed legacy software, enabling improved operational efficiency, financial performance, and customer experience. Tailwind Ventures
Alberta backs wearable health tech with $348K investment. The funding supports a one-year program led by the Canadian Sport Institute Alberta (CSIAB) through its Sport Product Testing (SPT) platform. Calgary.Tech
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📰 Need To Know
Foresight 50 applications open until June 30. Launched in 2021, the Foresight 50 has helped past cohorts secure over $2.25 billion in investment. Calgary.Tech
Why this research lab at the University of Alberta is developing clean water solutions. The Advanced Water Research Lab is tackling the challenge of keeping water clean, utilizing next-generation filtration methods with use cases from the oil sands industry and to improving drinking water quality for rural communities. Calgary.Tech
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