Active Impact Investments is one of Canada’s largest climate tech seed funds, experienced in scaling early-stage climate technology companies for success while solving the most urgent environmental issues. In addition to providing capital, Active Impact supports companies with sales and talent expertise to help accelerate their growth.

“As a Vancouver-based fund, we are proudly rooted in the local startup community and are committed to providing our support. We are so excited to work with the InBC team to make our province a global leader in tackling climate change alongside a thriving economy.”

— Mike Winterfield, Founder and Managing Partner, Active Impact Investments

A Certified B Corporation based in British Columbia (B.C.), Active Impact has a history of backing impactful B.C. companies such as Audette, Social Nature, Othersphere and more. Its Fund III will continue growing companies that are driving meaningful climate action, investing in areas ranging from clean energy to sustainable food and water; the fund has already invested in B.C.-based Jetson, a company electrifying homes and optimizing energy consumption across North America. 

InBC’s investment in Active Impact is fostering more investment activity in B.C. and leveraging the fund’s expertise to support seed-stage climate technology companies. 

InBC invests in venture funds to increase the number of investors in the province and reach more B.C. companies across a range of sectors, growth stages and impact areas. Funds looking for an investment can learn more and connect with our team here.  

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Svante’s unique carbon capture and removal technology is comprised of filters coated in nanomaterials and housed inside rotary contactor machines for point source industrial carbon capture. The filters can also be used for direct air capture in which excess CO₂ that has already been emitted is trapped and removed. The technology is more environmentally responsible than existing solutions; it’s also easier to manage, and scalable across industries such as pulp and paper, cement, steel, hydrogen, lime, oil and gas and more. Once the CO₂ is captured, it can then be safely transported and stored more than three kilometres underground or used to make other products.

“We are delighted with this investment by InBC, which complements the $800 million CAD capital investment made in our company over the last decade by global corporate venture and private equity investors.”

— Claude Letourneau, President and CEO, Svante 

Svante is focusing on heavy-emitting, hard-to-decarbonize industries, empowering them to significantly reduce their CO₂ emissions advancing towards a net zero future. The company currently employs over 300 skilled professionals and technicians and is constructing a 141,000-square-foot manufacturing facility in Burnaby, B.C., which will have the filter manufacturing capacity to capture 10 million tonnes of CO₂ every year — equivalent to taking over 2.3 million gas-powered passenger vehicles driven for one year off the road. The latest investment from InBC will help to accelerate the delivery of carbon capture and removal projects domestically and abroad.

InBC invested in Svante following an investment by the Canada Growth Fund. This investment is supporting a strategic growth sector in B.C., increasing jobs and innovation in the province and driving measurable climate action. 

See InBC’s portfolio 

InBC is currently making equity investments into growing, innovative B.C. companies raising a Series A or later round. Learn more and express your interest here.      

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Started by a B.C.-based team of scientists and entrepreneurs with a desire to address climate change, Arca’s breakthrough technology significantly speeds up the natural process of carbon mineralization occurring in ultramafic rocks. The company is partnering with the critical minerals industry where ultramafic rock is abundant in the form of mine tailings.

“Arca is absolutely thrilled to be working with InBC. Our purpose is to stabilize the climate by capturing atmospheric CO₂ and transforming into rock, where it is safely stored forever. This investment will help us continue to grow our team here in B.C. and build strategic partnerships with global producers of critical metals. With IP invented right here at the University of British Columbia, and this investment from InBC, Arca is another example of B.C.’s climate leadership.”

— Paul Needham, CEO, Arca Climate Technologies

Already removing CO₂ at a large mining site, Arca is currently developing more partnerships with global producers of critical minerals that process billions of tonnes of material each year. By operating within existing industrial operations, Arca has a light footprint — requiring no additional lands or resources — while accessing unprecedented opportunity to potentially return billions of tonnes of atmospheric CO₂ into the ground to help stabilize the climate.

In addition to the potential for financial returns, this investment aligns with InBC’s impact objective to drive climate action and is contributing to the province’s climate and clean energy goals. It is supporting innovative technology developed here in B.C. that has potential to generate large-scale impact across the globe.     

Are you a growing, innovative company looking for an equity investment to support your scale up? InBC is investing in B.C.-based companies raising a Series A or later round. Learn more

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Mangrove’s patented lithium refining technology is more sustainable and cost-effective than existing technologies, producing a significantly smaller carbon footprint without any waste-byproducts. It can be applied across the battery-value chain, from lithium production to battery recycling and manufacturing. The company is helping to meet the increased global demand for sustainable critical minerals, decarbonizing the supply chain and supporting the energy transition to a net-zero future.

“Mangrove is committed to developing a local lithium supply chain. There was no better way to demonstrate this than working with InBC to build a first-of-a-kind lithium refining plant in Canada right here in our backyard. This investment is a critical step in ensuring North America has lithium refining capacity that can compete with the rest of the world. We are excited to partner with a B.C. organization who has a strong mandate centered around sustainability and mitigating climate change to help diversify B.C.’s economy.”

— Saad Dara, CEO, Mangrove Lithium

Based in Delta, B.C., Mangrove is committed to growing the lithium refining industry in Canada, decreasing our reliance on exporting ore abroad for refining and retaining more of the industry’s economic value here. With this investment, it is establishing a first-of-its-kind refining plant in B.C. and expanding its team, growing jobs in science, engineering, plant operations and business administration.

In addition to the potential for financial returns, this investment aligns with InBC’s impact objective to drive climate action and is supporting job growth, intellectual property and economic activity in B.C.

Are you a growing, innovative company looking for an equity investment to support your scale up? InBC is investing in B.C.-based companies raising a Series A or later round. Learn More

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Poseidon’s complementary suite of industry-leading solutions includes its Trident Sea Cage and Life Support Systems. The Trident Sea Cage can withstand higher energy ocean environments and supports barrier technologies to reduce interactions between wild and farmed salmon, preventing sea lice and other diseases. The Life Support System promotes fish survival and growth. Used separately or integrated together, these innovations are enabling salmon farmers to improve fish health and mortality rates, increase yields and significantly reduce emissions and energy costs.

“Our mission is to develop advanced integrated aquaculture technology to improve sea farm sustainability, productivity and performance in the face of changing ocean conditions. It’s excellent to have an investor that understands and supports our focus on sustainability, climate resilience and fish welfare, and who can help foster our R&D and manufacturing growth (headquartered in Campbell River, B.C.), and in turn the global export of our technology.”

— Jamie Gaskill, CEO, Poseidon Ocean Systems

Poseidon’s novel technologies are being used at fish farms in Canada and across South America and Europe. In British Columbia (B.C.), Mowi Canada West’s Monday Rock farm off Vancouver Island has installed Poseidon hardware to reduce interactions between wild and farmed salmon and avoid threats such as plankton blooms, hypoxia and sea lice. In 2022, Cermaq Canada reported cutting over 76,000 kg. of carbon emissions in a year — a 60% reduction — during a trial of Poseidon’s aeration technology at two of its B.C. farms.

The aquaculture industry plays an important role in B.C.’s economy as well as our food security, especially during the current increased demand for sustainable protein. Headquartered in Campbell River, Poseidon is supporting quality jobs on northern Vancouver Island — including in engineering, design, development and more — while improving the productivity and sustainability of fish farms here and across the world.  

InBC invested in Poseidon Ocean Systems alongside other investors including the Ecosystem Integrity Fund and Export Development Canada. The company is using this capital to expand its commercial sales and market share, while keeping its headquarter and innovations in B.C. In addition to the potential for financial returns, this investment aligns with our impact objectives to innovate for the future and drive climate action.

Are you an innovative and impactful B.C. company looking for an equity investment to support your scale up? InBC is investing alongside other investors in companies raising a a Series A or later round. Learn more about our investment objectives and consider InBC as an investor here.

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Since our first investments, the funds in our portfolio have been actively sourcing and investing in B.C.-based companies that are driving innovation, creating quality jobs and generating measurable impact. We are excited to profile some of the companies two of our portfolio funds, Evok Innovations and Yaletown Partners, have invested in.

Evok Innovations

Driven by the global momentum towards a net-zero future, Evok Innovations is investing in technologies that are accelerating the energy sector’s transition to clean energy. InBC invested $10 million in Evok Innovation’s Fund II, aligning with our impact objective to drive climate action.

Learn more about Evok Innovations and the companies they invest in with their 2022 Impact Report.

Evok Innovations participated in MineSense’s Series E funding round which closed at $42 million. MineSense is a pioneer in smart mining solutions allowing the mining industry to deliver more metals with less impact on the environment.

Yaletown Partners

Yaletown Partners invests in the Intelligent Industry of companies using the application of data and technology to digitally transform and modernize industries. InBC invested $10 million in Yaletown Innovation Growth Fund II, aligning with our impact objective to innovate for the future.

Yaletown Partners led Zenhub’s Series A funding round which raised $10 million. Zenhub is a leading project management platform enabling software teams to become more efficient through agile automations. With Zenhub, development teams can manage projects entirely in GitHub. The platform facilitates team collaboration and gives stakeholders both internally and externally visibility into project progress.

Zenhub’s Series A funding is being used to expand its platform to give non-technical users access to create issues, tasks and track projects. As non-technical users are increasingly becoming involved in the development process, this expansion is making Zenhub approachable to more employees and bringing its productivity solutions beyond technical teams. Organizations are benefitting from the enhanced security, cost savings and improved collaboration.

Zenhub is certified as a Great Place to Work® by Great Place to Work® Institute Canada. Recently, the company published a Software Developer Happiness Report from a survey of 380 developers around the world.

Visit Zenhub

Yaletown Partners participated in Inverted AI’s seed funding round which closed at $1.4 million. A spinout from UBC’s Creative Destruction Lab, Inverted AI is a research and product company using deep learning and generative AI to predict the behaviour of drivers, cyclists and pedestrians, for companies developing self-driving vehicles.  

InBC is investing in companies and venture funds to generate financial returns alongside measurable economic, social and environmental impacts. Are you an innovative company or fund with strong connections to B.C. and seeking investment to support your growth? Learn more about our investment criteria and impact objectives and consider submitting your information through our website to be reviewed by our investment team.  

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