March 2026 UPDATES
FUND III
Eastern Ontario Development Fund and the Province of Ontario announced their support for CABN’s facility expansion in Brockville that will expand their advanced manufacturing capacity for scalable housing.
Closed the single most active month to date for enterprise design users who modeled material and energy impacts on 560 net new projects representing 6M m² of new construction and renovations.
Presented at a major hydropower conference and continued preparing to launch their product-led growth motion.
Closed their largest sales month ever with 33% more heat pump units sold than their prior best month.
Closed a 300+ acre pilot with the largest specialty crop landowner in the world.
Signed their biggest supply and distribution agreement yet with Centennial Food Solutions.Onboarded a team of senior industry advisors to expand commercial reach and strengthen credibility with major network operators.
Onboarded a team of senior industry advisors to expand commercial reach and strengthen credibility with major network operators.
Implemented a new service provider which significantly improved drilling efficacy in March.
Engaged by a US state to trial their wildfire prediction abilities in the upcoming fire season.
Announced their $28 million USD Series A led by Energy Impact Partners with NVIDIA’s venture arm, and several returning investors.
Announced their $25 million USD Series A led by Congruent Ventures and several returning investors. Recognized by Fast Company as a 2026 Most Innovative Energy Company.
FUND II
Closed Q1 with 20% ARR growth and closed their first deal of Q2.
Signed a contract with a vegetable seed company to treat two varieties, a 6 figure annual deal that could expand to other varieties for $3M annually.
Launched a new facility in Southern California, with two new hospitals as anchor customers.
Closed their best sales quarter ever with a strong March, reaching $670K in new sales.
Closed a Series B financing led by RectorSeal, their strategic partner.
Successfully negotiated better terms for a new host bank to migrate their card users to.
Closed their first repeat business, from a refuelling operator looking to expand their Hyfluence-powered site with additional Hyfluence dispensing equipment.
Recognized by Fast Company as a 2026 Most Innovative Energy Company and featured in Forbes.
Closed pilots with two new major athletic footwear brands.
Closed a 100-unit property for their smart thermostats, with potential expansion to 2000 units.
Delivered seven data centre site diligence packages (all to repeat customers), while hitting unit economics goals by achieving an additional 50% reduction in production time.
Continued progress on OmniTrax property near Chicago as well as with Vermont Rail. Increased intensity of direct outreach prospecting with encouraging early interest indicators.
Secured $200M apparel retailer as anchor partner for the JIT (Just-in-time) market segment launching mid-2026 (powered by Tengiva's software), enabling real-time supply chain coordination.
FUND I
Delivered systems to new customers Lassonde Pappas and Arcadia Beverage.
Achieved 21% growth over Q4, driven by record deal velocity with 11 clients including pilots with premier real estate leaders Tishman Speyer and Starwood.
Raised additional financing for FrostCarbon by way of a SAFE.
Completed a 600 seating capacity food court installation in Singapore of commercial-grade tables using 288K chopsticks, saving approximately 15 tCO2e.
Expanded with a global partner through the addition of 1.5 GW of offshore wind projects in Northern Europe.
Deployed AI improvements in product and operations that generated 1.5x savings per site with anomaly detection and predictive maintenance capabilities.
Renewed PwC Canada as a client at $200K, winning against Claude thanks to new messaging and positioning to differentiate against 'generic AI'.
Introduced AI-powered retail buyer reports, giving brands and retailers clear insights into real consumer sentiment for category reviews and supporting new listings.
Launched a Smart Outlet and Flex Charger that eliminates the need for building owners to juggle multiple vendors, systems, or networks to serve different use cases, whether across a portfolio of sites or within a single facility.