$70 million climatetech fund has two Island companies in its portfolio

Plus, discover Tiny's profit-first strategy, and learn which political party has promised the end of CleanBC.

Welcome to this week’s Sunday Briefing! In this issue, read about $70 million for climatetech, spotting cybersecurity scams with Island Savings, Tiny’s profit-first strategy, and which political party has promised the end of CleanBC.

Now onto today’s briefing. It’s 691 words: a three-minute read.

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Canada’s largest climatetech seed fund raises $70 million

Vancouver-based Active Impact Investments has raised $70 million in commitments for its third fund, supported by limited partners Northleaf, Fondaction, Co-operators Corporate Venture Fund, Deloitte Ventures, University of Victoria, and more.

Since it’s inception in 2018, Active Impact Investments has invested in 31 startups, taking a hands-on approach to supporting early-stage climatetech ventures. With a mission of supporting environmental sustainability through profitable investment, the group invests in companies “catalyzing the transition from finite to infinite sources of energy, food, water, and products.”

Active Impact Investments’ portfolio includes two Victoria companies:

Othersphere: Serving project developers, operators, and financiers, Othersphere identifies the ideal locations for low-emission commodities where economics will be best, emissions lowest, and the project will be a beneficial fit with local surroundings.

Audette: Using automated carbon assessment functions, Audette gives commercial real estate managers the tools they need to retrofit, decarbonize, and save money while capitalizing on available government incentives.

With its third fund – targeted for $120 million – Active Impact Investments intends to name an additional 20 companies to its portfolio.

🏙️ Community catchup, powered by VIATEC

Your plan for Thursday, November 30:

AM | Victoria Tech Morning Coffee at 9:00 ☕️

Join us at Fort Tectoria this week for the Victoria Tech Morning Coffee, hosted by the Victoria Tech Journal, Ink LLP, and Metrics CPA. Connect with the Victoria tech community in an informal atmosphere and explore the Fort Tectoria space.

PM | VIATEC Community Awards at 5:00 🏆

The VIATEC Community Awards bring the tech community together to connect, spotlight, and celebrate some of the year’s most notable companies and individuals within Victoria’s $4 billion tech sector.


Designing the Deep Blue

In the latest COAST podcast, Dean Steinke, CEO of DSA Ocean, discusses the power of ocean engineering and the his company’s groundbreaking software, ProteusDS, that is revolutionizing marine engineering. Dean discusses how DSA Ocean has developed a unique method to understand ocean conditions and how collecting and analyzing data is crucial.

📰 More Victoria innovation news

🕵️ Straight to the bank: Victoria Chamber of Commerce CEO Bruce Williams sat down with Rachel Guinto, VP of cybersecurity and IT governance at Island Savings, in this edition of Chamber Chats.

💰 Make the money, don’t let the money make you: Tiny co-founder Andrew Wilkinson joined the My First Million podcast to discuss his “profit-first” strategy.

👋 So long, farewell: BC United promised to ditch CleanBC, the NDP government’s plan to lower climate-changing emissions by 40 percent by 2030, if elected.

🕴️ Tech jobs of the week

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📅 Upcoming events

You’re invited to join Ink LLP, Metrics CPA and Victoria Tech Journal at Fort Tectoria to connect with the Victoria tech community in an informal atmosphere. ​Check out the space, discover a new career, find your next co-founder, or learn something new — you can do it all at our upcoming coffee meetup.

Save the date with some of the most spirited and festive women in science and technology. Toast to the communities' accomplishments over the past year and provide input on official iWIST business.

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