The corporation, which is publicly-funded and operates under the Alberta Enterprise Corporation Act, has made a $15 million anchor investment in Accelerate Fund IV, which will focus on life sciences, AI, digitization and other areas. Vancouver-based Yaletown Partners will manage the fund. (The Logic)
Skip to content
The corporation, which is publicly-funded and operates under the Alberta Enterprise Corporation Act, has made a $15 million anchor investment in Accelerate Fund IV, which will focus on life sciences, AI, digitization and other areas. Vancouver-based Yaletown Partners will manage the fund. (The Logic)
Talking point: Accelerate Fund IV is the AEC’s latest iteration of an investment vehicle that started in 2012 and has grown larger each year. The previous Accelerate Fund III raised a total of $23 million, with $15 million from AEC, $6 million from Opportunity Investment Calgary Fund and $2 million from private Alberta investors. The fund has backed 46 Alberta-based startups, including prominent ones such as fintech Helcim, payments company PayShepherd and sports fan analytics firm StellarAlgo. Accelerate Fund has been “fundamentally important” to the province’s tech space, Alberta Enterprise’s CEO Kristina Williams said in a statement.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Trump gives Canada 3-day reprieve from new tariffs, saying two sides have a deal
Briefing
Clearco taps Macquarie for US$100M in financing to back its rebound
Canadian foodtech startups rely on foreign investors to fuel growth
Alberta regulator rejects Olds power plant for data centre
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
