Arca has signed an agreement with Giga Metals to explore a 220-million-tonne carbon dioxide removal (CDR) project in B.C. Arca’s Industrial Mineralization pathway leverages existing industrial operations and repurposes alkaline waste to capture and permanently store atmospheric CO₂. This agreement gives Arca exclusive rights to evaluate the potential of the site’s ultramafic waste rock for CDR.

Aspect Biosystems has entered into a new phase of its partnership with Novo Nordisk to develop curative medicines for diabetes. This new phase builds on the existing partnership to develop advanced cellular medicines designed to replace, repair or supplement biological functions, including an islet replacement therapy for type 1 diabetes that can restore blood glucose control without the need for chronic immune suppression.

ChopValue continues to showcase how its circular wood furniture solutions can be applied across industries. From wall panels at Rally Pickleball in Charlotte, North Carolina to custom boardroom tables for a well-known Canadian non-profit, this Vancouver company is helping organizations build sustainable spaces, transforming locally recycled chopsticks into premium wood furniture.

Mangrove Lithium has announced financing from the Canada Growth Fund and other existing investors. This investment comes at a pivotal moment of the company’s growth as it accelerates Final Investment Decision for a second 20,000-tonne plant in Canada, and will support operations at its commercial plant in British Columbia. The company recently completed Phase 1 construction of its lithium refining facility in Delta, B.C., marking a major milestone in Canada’s clean energy future and the domestic battery-grade lithium supply chain.

Following the grand opening of its new headquarters in Victoria, B.C., MarineLabs continues to expand its marine technology across North America, including deploying new sensor nodes in Savannah, Georgia — bringing the B.C. company’s coastal intelligence technology to the U.S. southeast coast for the first time.   

Grand opening of MarineLabs’ new headquarters in Victoria, B.C.

Novarc Technologies has appointed Donato Montanari as Chief Technology Officer. Montanari brings more than three decades of experience in artificial intelligence (AI), machine vision and industrial automation. As CTO, he will spearhead the company’s technical vision at a critical point of the company’s growth as it advances its suite of technology solutions to meet industrial demand in B.C., Canada and globally.

Burnaby-based Svante has commenced operation of its carbon dioxide capture demonstration unit at the Mercer Peace River pulp mill in northern Alberta. The pilot project will evaluate Svante’s solid sorbent carbon capture technology on biogenic CO₂ emissions from the mill’s recovery boiler flue gas. This demonstration phase will enable Svante to gather practical data to assess future opportunities for commercial-scale carbon capture in the wider pulp and paper industry.  

Supported by Pender Ventures

Traction Complete has launched its new product, Complete Discover. Complete Discover turns Google Sheets into account data for experimenting with AI enrichment, testing prompts and uncovering go-to-market insights. These AI enrichment prompts can then be deployed into Salesforce using Complete AI.

Supported by Pender Ventures

Veritree has partnered with Manulife to launch Manulife Impact Forests. Manulife Impact Forests is implementing veritree’s Smart Forest technology, which will provide real-time insights and transparency for its restoration projects. To date, Manulife Impact Forests has restored over 160 hectares of land across the globe, including planting trees at the Nicola Watershed in British Columbia which had suffered extensive wildfire damage.

4AG Robotics is celebrating 12 million mushrooms picked in 2025, an increase from two million in 2024. To accommodate its growth — with worldwide orders of its harvesting robots booked through to June 2026, it is moving into a new 36,000-square-foot production facility in Salmon Arm, B.C., which will enable the company to scale production up to four robots per week.

The company has also been snatching up accolades. It was recently recognized at the FIRA USA – World Ag Robotics Forum as Best Startup 2025. Earlier this year it picked up the same title at World FIRA, making it one of the few — if not only — companies to win the pitch and impress the investor jury in both North America and Europe.

Arca has signed an agreement with Microsoft for nearly 300,000 tonnes of durable carbon removal over 10 years. This agreement is a significant validation of Arca’s Industrial Mineralization solution that captures and permanently stores CO₂ from the air as stable carbonate minerals. Microsoft’s long-term commitment is a major step in Arca’s trajectory from pilots to potentially million-tonne operations.  

Vancouver-based ChopValue has expanded in the EMEA with a new satellite office in Copenhagen and its first microfactory in Madrid. Its parent company, Microfactory Venture Platform (MVP), is an approved vendor for Restaurant Brands Europe, which will enable ChopValue’s locally based microfactories to manufacture full-service furniture solutions for brands such as Popeyes and Burger King starting in Spain, Italy and Portugal.

On the R&D side, it has partnered with Takenaka Corporation to advance scalable circular construction materials. Through this collaboration, the company is transforming local waste into engineered materials, supporting Japan’s transition to low-carbon, resource-efficient manufacturing.

Pushing the boundaries of its sustainability, Mangrove Lithium is moving to commercialize a cement clinker substitute from the discards of its lithium processing, which will help cut greenhouse gas emissions from the cement sector. Clinker, the pebble-like ingredient used to make cement, is currently responsible for about seven percent of global carbon emissions.

More recently, the company has received a follow-on commitment from NorthX to help demonstrate the continuous operation of its lithium refining platform — the final step before commercial deployment.

Vancouver-based Netskrt has been busy growing its presence worldwide. The global CDN with last-mile awareness recently announced an expansion in Brazil, now covering over 60 delivery points and handling more than 5.0 Tbps of live and on-demand streaming video across a country with millions of sports fans. It has also announced a strategic partnership with Guam Exchange, improving connectivity, content delivery and access to quality streaming for users across the Pacific region. Lastly, Netskrt has partnered with MIX, one of Italy’s largest Internet Exchanges, to deliver high-quality streaming video to subscribers across the country while also reducing latency and traffic strain on local infrastructure.

Novarc’s Open House in November welcomed InBC, Seaspan, Pacific Economic Development Canada (PacifiCan) and Honourable Paul Choi, Parliamentary Secretary for Trade to its Burnaby headquarters. The company demonstrated its new SWR TIPTIG Autonomy, the world’s first fully autonomous Tungsten Inert Gas (TIG) welding solution that can deliver precision and consistency previously unattainable in TIG welding. The technology has the potential to improve productivity, safety and weld quality across a wide range of industries such as shipbuilding, energy and clean technology.

Novarc was recently named one of the fastest growing companies in North America in Deloitte’s Technology Fast 500 list.

Supported by Yaletown Partners

Inverted AI has partnered with Foretellix to advance scenario-based testing with realistic and targeted AI-based simulation. A pioneer of predictive human behaviour models for simulation and planning, Inverted AI is using real-world data to train policies critical for achieving fully autonomous vehicles.

Supported by Active Impact Investments

North Vancouver-based Jetson’s Air heat pump has been named one of TIME’s Best Inventions of 2025. Jetson is on a mission to replace fossil-fueled heating systems with advanced electric heat pumps that cut emissions, save on energy and lower costs for homeowners across North America.

Supported by Evok Innovations

For the fifth year in a row, MineSense Technologies has been recognized by Deloitte’s Technology Fast 50 as one of the fastest-growing technology companies in Canada. MineSense’s technology unlocks orebody knowledge in real-time, improving ore recovery, minimizing environmental impact and increasing efficiency in mining operations such as in the critical minerals industry essential to the energy transition.

Supported by Yaletown Partners

Photonic has advanced to Stage B of Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI), the stage of validation which will assess the plausibility of its R&D roadmap towards industrial quantum performance. Photonic is building one of the world’s first commercial-scale quantum computing systems, with potential use case for a wide range of industries.

Supported by Yaletown Partners

SALUS has launched a smarter version of its SALUS IQ, its AI-powered engine that searches across thousands of safety regulations, manuals and best practices to provide immediate answers for the construction industry. SALUS’ digital safety platform is helping construction teams to simplify risk management, enhance compliance and improve safety.

Supported by Brightspark Ventures

ShopVision has partnered with Similarweb to bring traffic trend data into its industry-wide reporting. An AI super agent and e-commerce intelligence platform, ShopVision is helping merchants to understand the market in real-time and respond quickly.  

Supported by Pender Ventures

Veritree is another B.C. company that has been recognized in Deloitte’s Technology Fast 50 as one of the fastest growing companies in Canada. Veritree helps businesses invest confidently in restoration projects with real-time, on-the-ground data providing transparency and measurable impact. In October, Veritree’s corporate partners pledged 6.9 million tree plantings as part of their commitments to ecosystem restoration.

A few months back, Veritree was also named in The Globe and Mail’s ranking of Canada’s Top Growing Companies. All three of the Pender invested companies named in the list — Veritree, Jane App and Traction Rec — are notably based in B.C. (Note: Pender invested in Jane prior to InBC’s commitment and it is not counted under our portfolio)

4AG Robotics just completed its Series B raise, an up round closing at $40 million, which will enable the company to continue expanding its manufacturing footprint in Salmon Arm, B.C., grow its team and further develop its technology. This comes on the heels of the company’s rapid commercial growth, with its harvesting robots now deployed across Canada, Ireland and Australia, and soon in the Netherlands and United States. In June, the Thompson Okanagan Business Excellence Awards named 4AG Big Business of the Year for its economic impact in the region.

Arca, a leading Industrial Mineralization company, has announced that its methodology for permanent carbon removal has been validated by DNV, the global independent leader and energy expert in quality and risk assurance. This is the first time a mineralization methodology focused on enhanced air capture and ex-situ mineralization within ultramafic mine tailings has received such recognition, marking a milestone for the Carbon Dioxide Removal (CDR) industry.

Aspect Biosystems presented new preclinical data on adrenal Bioprinted Tissue Therapeutics, advancing a potential treatment for primary adrenal insufficiency as an alternative to hormone replacement therapy and its associated side effects. Recently, Aspect’s CEO Tamer Mohamed was named in BIV’s annual BC500 list as one of the most influential business leaders in B.C. under the innovation category.

ChopValue partnered with Purebread to introduce new sustainable countertops and tables engineered from recycled chopsticks to its YVR Airport terminal location. Since 2017, more than 1.5 million chopsticks have been collected at YVR Airport through ChopValue and transformed into new viable products, diverting material from landfill and saving over 77,000 kilograms of CO2e emissions.

In June, ChopValue received the A&W Award of Excellence for its team’s performance and service to the restaurant chain in 2024.

Mangrove Lithium gave a sneak peek of its new lithium refining facility in Delta, B.C. to the Minister of Jobs and Economic Growth Honourable Ravi Kahlon, Premier of B.C. Honourable David Eby, and InBC. Slated to become operational later this year, the state-of-the-art facility will be the first commercial electrochemical lithium refining facility in North America, and a significant milestone in securing B.C. and Canada’s battery-grade lithium supply chain. Just last month, the company unveiled plans for a second larger refinery to meet strong demand from multiple leading battery gigafactories.

Svante has signed a joint development agreement with Samsung E&A, a total solutions provider for the global energy industry. In May, the company launched the new Centre for Excellence for Carbon Capture and Removal in Burnaby, B.C., the world’s first gigafactory for carbon capture and removal filters. Spanning 141,000 square feet, the facility is equipped to manufacture filters to capture up to 10 million tonnes of CO2 annually, equivalent to the emissions of more than 27 million cars.

Poseidon Ocean Systems reached a milestone producing its 100th Flowpressor® unit, a testament to the skill and dedication of its team in Campbell River, B.C. where each unit is designed, built and shipped to customers worldwide. The company also launched the second generation of its Oxypressor, improving energy efficiency and farming conditions for offshore aquaculture operations.

Since unveiling robots that can pack mushrooms directly into small punnet containers ready for the grocery store, 4AG Robotics’ new modular robots have now made their way onto a Canadian farm — picking into punnets for the first time on a working farm. The company has also installed their bulk box robots onto a new Canadian farm, bringing their total live farms to four of the largest farms worldwide. 4AG Robotics continues to expand its farm partnerships, now fulfilling orders into 2026, and its AI-enhanced robots continue to learn in real-world environments across the world.

Arca Climate Technology has revealed its upgraded lab and office space in Mount Pleasant, Vancouver, which will support the company’s groundbreaking research and growing team of employees in B.C. In February, the company announced new partnerships in Australia, which coincided with the Team Canada Trade Mission to Australia reinforcing our two countries’ commitment to collaborating for economic growth.

Arca’s new whitepaper “Beyond Extraction: Transforming Mine Waste into a Net Zero, Multi-Billion Dollar Opportunity”, has also been well received with more than 250 downloads so far and over 200 registrations for the launch webinar, demonstrating the interest from industry and other stakeholders in carbon dioxide removal technologies.

This year, ChopValue celebrated a major achievement having recycled its 200 millionth chopstick, collected at Vancouver’s Marugame Udon Canada. More recently, the company welcomed a trade delegation from Vietnam to its HQ Microfactory in Vancouver. Now, it is preparing for Expo 2025 Osaka in collaboration with the Canadian Embassy. It also continues to launch more microfactories across the world, including upcoming in Japan, bringing its local approach to manufacturing to more markets.

Clarius Mobile Health has been busy launching new products, such as the Clarius Enterprise Solution for healthcare institutions managing multiple Clarius scanners, the A-Mode enabling ophthalmologists to measure the axial length of the eye, and new releases of the T-Mode AI learning tool now available for certain musculoskeletal applications and breast ultrasound training. The company also continues to expand its market presence, bringing more Clarius products to countries such as Japan and Egypt.

Recently, Great Place to Work Canada named Clarius one of the Best Workplaces with Most Trusted Executive Teams.

Mangrove Lithium has been busy building its new facility in Delta, B.C., slated to open later in the year as the company’s first industrial scale plant.

Recently, the company was named a finalist in Foresight Canada’s BC Cleantech Awards as Scaleup Venture of the Year, and in Cleantech Group’s Global Cleantech 100 list as one of the world’s most promising private companies in cleantech.

Soon after unveiling new touch sensors, Sanctuary AI has now integrated the technology into its general purpose robots. In a recent blog, the company details how it leverages NVIDIA Isaac Lab, an open-source, unified framework for robot learning, to accelerate dexterous learning.

Earlier this year, Svante launched the “Save the Ice” campaign with Speed Skating Canada, featuring Canadian Olympic speed skater, Gaétan Boucher. This innovative campaign invites the audience to learn about how CO₂ impacts climate change and enables them to take action. Users who watch and share the video will trigger Svante and its Canadian carbon removal partner, Deep Sky, to remove CO₂ from the air via direct air capture (DAC). Check it out in the video below!

Svante was just named one of the World’s Top Greentech Companies by Time Magazine and Statista; it was one of five Canadian companies selected from a pool of over 8,000 worldwide. It was also recognized in Cleantech Group’s Global Cleantech 100 list as a leader in cleantech.

Salmon Arm-based 4AG Robotics has been getting its mushroom harvesting robots onto farms, expanding from one farm to now picking mushrooms on three continents. It has also made significant strides in its technology, unveiling robots that can now reliably work 24 hours a day and pack mushrooms into small punnets ready for the grocery store. To support both the increase in sales and its production capacity, the company has doubled its team to 70 employees.

4AG Robotics just won the “Best Startup Award – Investor’s Choice” at The International Forum of Agricultural Robotics. In late 2024, Foresight Canada also named the company as one of “Canada’s Most Investable Cleantech Ventures”, with a third-party auditor determining that its robots save a standard farm 8.4 million Kgs of CO₂ emissions annually.

Arca Climate Technologies has been taking its innovations global, with a mission to drive industrial-scale climate action. In the past year it has advanced the world’s first carbon dioxide removal (CDR) demonstration project at an active mine site in Western Australia, advanced the development of its patented mineral activation technology to accelerate carbon capture and storage in mine waste, and formed partnerships with multiple mining companies to explore the suitability of their operations for CDR. Currently, the company is a finalist in the globally prestigious XPRIZE Carbon Removal Competition, with the grand prize winners to be announced on Earth Day 2025.

In 2024, Foresight Canada named Arca as the “BC Cleantech Startup of the Year” and one of “Canada’s Most Investable Cleantech Ventures”.

ChopValue has been taking its local approach to manufacturing to new markets, expanding its microfactory network to nine countries while committing to producing and sourcing locally in each region. With partnerships such as A&W Restaurants in Canada and wagamama in the United Kingdom, the company is showcasing how businesses can thrive while embracing sustainability. To date, ChopValue has recycled over 204 million chopsticks and saved over 10 million kgCO2e emissions.

Since InBC’s investment and the opening of its new manufacturing facility in Vancouver, Clarius Mobile Health has been rapidly expanding its presence in global markets including acquiring new distributors across Europe and the Asia Pacific region, enabling Clarius scanners to be sold in countries ranging from Germany to Japan and Australia. It has also been developing its technology, launching new products such as the Clarius OB AI for prenatal care and T-Mode AI for ultrasound education.

As of January 2025, Clarius’ ultrasound technology has touched over five million lives worldwide.

Netskrt Systems has been expanding its customer base, now providing edge caching solutions to 450 internet service providers (ISPs) worldwide and growing, including smaller ISPs serving rural and remote communities. Contributing to the company’s growth is its venture into the live streaming sports industry; Netskrt now delivers live streams of NHL games in Canada and NFL games in the United States and will be helping content providers stream NBA games later this year. To support its massive scale, the company has increased its team to more than 70 employees, the majority of whom are based in B.C.

Sanctuary AI has been developing its technology and strengthening its position as a leader in humanoid robotics intellectual property. Recently, Morgan Stanley ranked the company third in published U.S. patent filings (a report, the company points out, that only detected 51 of its approximately 140 published U.S. patent filings). This comes shortly after Tech + IP Advisory ranked it fourth globally for patent holdings for general purpose robots and dexterous manipulation. In December, Sanctuary AI launched its new robotic hand technology with 21 degrees of freedom and the ability to perform in-hand manipulation, enabling its robots to carry out high-value work tasks requiring fine manipulation.

Rossland-based ThoughtExchange has been bringing its survey and engagement technology to more education districts and is now reaching seven million students across eight provinces, one territory and 38 U.S. states. Last year, the company launched a Small District Success Plan, tailoring its services to give K-12 education districts with fewer than 5,000 students access to the same quality engagement methods and data analysis as larger districts. It also continued to pioneer its AI innovation, which can analyze millions of survey responses almost instantly. Now this year, the company has appointed George Psiharis, former COO of Clio and AlayaCare, as Chief Executive Officer to lead its next phase of growth.

In 2024, ThoughtExchange was named in The Globe and Mail’s list of “Canada’s Top Growing Companies”.