Organization: AVAC Ltd

Alberta Enterprise invests $10 million in angel fund

Alberta Enterprise Corp has announced a $10-million investment in Accelerate Fund II, an angel co-investment fund targeting early-stage tech firms in the province’s information and communication technology, life sciences, clean and energy technology, agriculture and biotech sectors. The fund will be managed by Yaletown Partners with offices in Vancouver and Calgary while A-100 will operate…

AVAC joins major agricultural technology VC fund

AVAC Ltd, Calgary, is partnering in Finistere Ventures FVII Fund, a new $150-million agricultural technology fund that includes Bayer CropScience and an unnamed global strategic partner. The fund will identify and invest in world-class technologies from across early- to growth-stage companies in the agriculture technology space. AVAC will participate in the fund through Verdex Capital,…

AVAC joins major agricultural technology VC fund

AVAC Ltd, Calgary, is partnering in Finistere Ventures FVII Fund, a new $150-million agricultural technology fund that includes Bayer CropScience and an unnamed global strategic partner. The fund will identify and invest in world-class technologies from across early- to growth-stage companies in the agriculture technology space. AVAC will participate in the fund through Verdex Capital,…

Surface Medical receives angel investment

Calgary based Surface Medical Inc has received a new round of financing through The Accelerate Fund, a co-investment fund between AVAC Ltd and local angel investors. Surface Medical has developed CleanPatch — a medical surface repair kit for hospital beds and stretchers — to combat healthcare-associated infections — which cost $48 billion and cause 100,000…

AVAC Accelerate Fund invests in MDT Ltd

AVAC Ltd‘s Accelerate Fund has made a co-investment in Edmonton-based Mobile Data Technologies Ltd (MDT) to facilitate its product offerings and marketing of mobile stimulation equipment in the oil and gas sector. The investment is made through ACAC’s new Accelerate Fund (AF), which co-invests in early-stage start-up with angel investors (R$, July 30/13). MDT designs…

AVAC Accelerate Fund invests in MDT Ltd

AVAC Ltd‘s Accelerate Fund has made a co-investment in Edmonton-based Mobile Data Technologies Ltd (MDT) to facilitate its product offerings and marketing of mobile stimulation equipment in the oil and gas sector. The investment is made through ACAC’s new Accelerate Fund (AF), which co-invests in early-stage start-up with angel investors (R$, July 30/13). MDT designs…

AVAC boosts lifetime investments to $129 million

Investments by AVAC Ltd have reached $129 million with $12 million in three new investments in the past quarter. The largest was a $10-million investment in iNovia Investment Fund III LP (R$, December 22/11), followed by $11.75 million in Edmonton-based Radient Technologies Inc for a microwave assisted processing extraction facility and $500,000 in Beiseker AB-based…

iNovia Capital creates third venture capital fund

iNovia Capital has raised $100 million to launch its third fund as it builds on its strategy of focusing on companies in the Internet, digital media and communications sectors. Funding of iNovia Investment Fund III LP was secured from new and existing investors including Teralys Capital, BDC Venture Capital, AVAC Ltd, Alberta Enterprise, BC Renaissance…

Cool IT Systems receives $6.2 million in financing

Cool IT Systems has received $6.2 million in financing to advance its liquid cooling technology for computers and other electronics, expand its sale channels internationally and finance an acquisition that is in negotiations. The investment in the Calgary-based firm was made by iNovia Capital, existing angel investors and AVAC Ltd. Cool IT is hoping to…

Calgary company set to market gaming headphones

Calgary-based Psyko Audio Labs Inc has received $975,000 from AVAC Ltd to establish a marketing campaign for its 3-D headphones for use in gaming. Psyko has developed gaming headphones with precision directional audio that provides better directional awareness and reaction time. Initial marketing will be conducted through the web site linkages and e-tailers before expanding…