Export Development Canada

GeologicAI Announces $10M in Additional Funding from Export Development Canada to Accelerate Global Expansion of Its Rock Analytics Platform

Retrieved on: 
Monday, September 25, 2023

This investment will accelerate global deployment of GeologicAI's fleet of AI-powered robot geologists to support the exploration and extraction of the critical minerals required for the energy transition.

Key Points: 
  • This investment will accelerate global deployment of GeologicAI's fleet of AI-powered robot geologists to support the exploration and extraction of the critical minerals required for the energy transition.
  • Our financing will help support GeologicAI’s ongoing global expansion and deployment of its innovative technology.”
    GeologicAI’s technology combines hardware, software, and advanced machine learning into an integrated digital rock analytics platform.
  • The company's cloud-based digital rock viewing and analysis software gives geologists worldwide instant access to high-resolution AI-enhanced digital rock twins and automated digital geoscience workflows.
  • GeologicAI is already working with some of the world’s leading mining and exploration companies and is excited to leverage the EDC funding to accelerate its global expansion.

Pender Ventures secures strategic investment from Co-operators Group Limited, expanding support for Canadian B2B software and health tech companies

Retrieved on: 
Thursday, September 21, 2023

Co-operators’ investment advances PTIF II closer to its target size of $100 million and will fuel the growth of some of Canada’s most promising B2B software and health tech companies.

Key Points: 
  • Co-operators’ investment advances PTIF II closer to its target size of $100 million and will fuel the growth of some of Canada’s most promising B2B software and health tech companies.
  • “We are excited to welcome Co-operators as a new investor,” says Maria Pacella, Managing Partner, Pender Ventures.
  • The partnership between Pender Ventures and Co-operators reinforces the Fund's mission to empower and support the next generation of innovative Canadian technology companies.
  • Pender Ventures is actively evaluating and exploring further investment opportunities and welcomes inquiries and collaboration from entrepreneurs and co-investors from across Canada.

ZayZoon Raises $34.5 Million in Series B Funding to Expand EWA, Employer Engagement Platform

Retrieved on: 
Tuesday, September 19, 2023

ZayZoon , the Earned Wage Access (EWA) provider for small and mid-sized businesses, has raised $34.5 million USD in debt and equity for its Series B financing.

Key Points: 
  • ZayZoon , the Earned Wage Access (EWA) provider for small and mid-sized businesses, has raised $34.5 million USD in debt and equity for its Series B financing.
  • This financing will support recruiting efforts and continued growth and innovation for the company.
  • “This financing will fuel our mission in being a true partner in financial health and workplace engagement to small and midsize businesses,” said Darcy Tuer, Co-Founder and CEO of ZayZoon.
  • This expansive and persistent growth represents a clear and emerging demand for EWA and employee engagement platforms among an SMB audience.

Prime Minister visits Indonesia, welcomes a new chapter in the Canada-ASEAN relationship

Retrieved on: 
Tuesday, September 5, 2023

The Prime Minister, Justin Trudeau, today met with the President of Indonesia and current Chair of ASEAN, Joko Widodo, in Jakarta, Indonesia to strengthen ties between our two countries.

Key Points: 
  • The Prime Minister, Justin Trudeau, today met with the President of Indonesia and current Chair of ASEAN, Joko Widodo, in Jakarta, Indonesia to strengthen ties between our two countries.
  • Prime Minister Trudeau also announced the opening of an Export Development Canada (EDC) office in Jakarta .
  • Over the next two days, Prime Minister Trudeau will attend the ASEAN Summit and mark the beginning of a new era in Canada-ASEAN relations with the official launch of the ASEAN-Canada Strategic Partnership.
  • The Minister of Export Promotion, International Trade and Economic Development, Mary Ng, accompanied the Prime Minister in Indonesia.

EDC opens borders for exporters and investors in Indonesia

Retrieved on: 
Tuesday, September 5, 2023

OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.

Key Points: 
  • OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.
  • It is one of the fastest-growing economies in the world, with demand to match, creating sizeable and diverse opportunities for Canadian exporters,” said Mairead Lavery, President and CEO, EDC.
  • Indonesia is the fourth most populous country in the world and has deep trade and investment connections all over the region.
  • “Indonesia has cemented its status as a top emerging market for exporters and investors,” says George Monize, Vice President, Indo-Pacific.

EDC opens borders for exporters and investors in Indonesia

Retrieved on: 
Tuesday, September 5, 2023

OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.

Key Points: 
  • OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.
  • It is one of the fastest-growing economies in the world, with demand to match, creating sizeable and diverse opportunities for Canadian exporters,” said Mairead Lavery, President and CEO, EDC.
  • Together, these offerings and capabilities will help Canadian companies and investors get a seat at the table and do business.
  • “Indonesia has cemented its status as a top emerging market for exporters and investors,” says George Monize, Vice President, Indo-Pacific.

Bridgit introduces workforce planning for preconstruction teams

Retrieved on: 
Thursday, August 24, 2023

Bridgit, the industry leader in construction workforce planning technology, announced the introduction of its Preconstruction Module for Bridgit Bench .

Key Points: 
  • Bridgit, the industry leader in construction workforce planning technology, announced the introduction of its Preconstruction Module for Bridgit Bench .
  • The Preconstruction Module brings a new level of ease and flexibility to workforce planning for preconstruction teams, giving preconstruction managers a clear line of sight into the estimating, budgeting, and bidding tasks their preconstruction team has been assigned to.
  • By incorporating preconstruction team planning into Bridgit Bench, company leaders also gain an instant overview of their people, how preconstruction tasks are progressing, and their overall utilization rate.
  • "This Precon Module is the first of its kind - workforce planning exclusively for preconstruction teams," says the CEO of Bridgit, Mallorie Brodie.

INVENERGY-LED CONSORTIUM COMPLETES PURCHASE OF AMERICAN ELECTRIC POWER'S UNREGULATED RENEWABLES PORTFOLIO

Retrieved on: 
Wednesday, August 16, 2023

CHICAGO, Aug. 16, 2023 /PRNewswire/ -- Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, today announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by Blackstone Infrastructure Partners (Blackstone), has closed on the acquisition of American Electric Power's (AEP) 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5 billion enterprise value.

Key Points: 
  • "Invenergy has industry-leading operations and asset management capabilities, and we look forward to applying our unmatched expertise to this portfolio of projects."
  • The portfolio, the largest ever acquisition for American-led Invenergy, includes 14 projects in 11 states and is comprised of 1,200 MW of wind generation and 165 MW of solar projects.
  • The renewable power generated by these projects is contracted under long-term agreements with various utilities, corporations, and municipalities.
  • "We are excited to support this transaction with Invenergy and their partners in IRG Acquisition Holdings.

Natixis Corporate & Investment Banking leads financing for $1.5 billion sustainability-linked revolving credit facility for Invenergy Renewables Operating I LLC

Retrieved on: 
Wednesday, August 2, 2023

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.

Key Points: 
  • NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.
  • "Natixis CIB is excited to deliver this landmark financing to a preeminent renewable developer such as Invenergy.
  • The successful refinance and upsize of the corporate facility adds another important milestone to Natixis CIB's longstanding relationship with Invenergy, as well as its investment partners – Blackstone and CDPQ.
  • Natixis CIB was proud to partner with the excellent team at Invenergy and an outstanding bank group to deliver this landmark financing.

Niricson raises over $10M CAD in Series A to lead the digital revolution in infrastructure condition assessment and risk management

Retrieved on: 
Wednesday, August 2, 2023

Niricson- a pioneer in the digitization of critical infrastructure assets- making them ideal for asset owners of key structures such as hydro dams, bridges, runways, ports, and other civil assets.

Key Points: 
  • Niricson- a pioneer in the digitization of critical infrastructure assets- making them ideal for asset owners of key structures such as hydro dams, bridges, runways, ports, and other civil assets.
  • This helps asset managers minimizing the potential risks associated with a catastrophic failure event and optimize resource allocations for the current condition of their assets.
  • "We are now serving more than 20 large customers owning dams, bridges, runways, and other critical assets globally.
  • With our series A raise complete, we now stand ready to drive even greater value for stakeholders while accelerating responsible growth throughout the globe.