MAY 2026 UPDATES
FUND III
Signed a $700K deal to build a YMCA facility in Ottawa with an additional $800K in LOI. Highlighted in the Globe & Mail’s feature on the shift to prefabricated homes.
Signed 4 new design firms, 3 new building product manufacturers and completed the first phase of a pilot project with the world's largest commercial furniture manufacturer.
Closed their pre-seed round in under 60 days with oversubscribed investor interest.
Kicked off a new paid pilot motion starting with 5 users per week that is ready to scale.
Grew to $100M USD revenue run rate and launched Jetstart, an internal training program to solve the technician onboarding bottleneck.
Closed their first citrus and avocado customers, gaining momentum in expansion into new permanent crop verticals.
Closed a purchase order from The Better Butchers for 17 tonnes of their ground protein product, with significant expansion potential this year. Won the SIAL Canada 2026 Start-up Pitch Competition Award.
Advanced 3 six-figure deals to the contracting stage with 2 likely to close the first week of June. Closed their target Seed funding round.
Began a strategic partnership with a major industry-leading company to bring their antenna monitoring product to market.
Drilling improvements and a new contractor significantly reduced the cost to drill the second geothermal loop.
Received strong inbound interest for their weather prediction AI.
Grew and advanced several deals in their pipeline, including an expanded contract with the largest market-cap energy utility in the world.
Crossed 1,000 cumulative bike sales since inception.
FUND II
Signed a term sheet with a lead for their Series A.
Locked in their first export contracts for 880,000 lbs of mung bean seeds to Japan, which is a 10X larger market than the US. Kicked off a paid research partnership with Purina for mycotoxin control on pet food ingredients.
Closed a record number of deals, including 3 hospitals and 2 biotech companies, setting June up for a full launch calendar.
Reached 11 BESS (battery) projects at the engineering process stage.
Closed a new distribution agreement with RectorSeal for their SmartSwitch. Released new smart thermostat integrations for Daikin One, Amana and Goodman (in addition to the currently supported smart thermostats: ecobee, Nest, Honeywell/Resideo, Sensi, Carrier and Bryant).
Completed the migration of all users from Piedmont while testing engagement of 1200 users in a free version of the app.
Advanced their sector leadership by joining the boards of directors of significant industry associations: the Canadian Hydrogen Association, the Washington Green Hydrogen Association and the Hydrogen Mobility Initiative.
Highlighted at the ribbon cutting of a new commercial complex in Chino Hills where their rooftop solar will generate 2 GW of energy to tenants (at a net savings vs the utility). CEO John Witchel highlighted in Inc. magazine.
Launched a Tolerance Analysis product with over 20 qualified prospects expressing initial interest.
Upsold two existing clients, signing a smart thermostat deal with CEPCI and a data deal with SMUD.
Delivered 2 data center site assessments to a leading global datacenter developer, while further increasing production automation and preparing to add new asset type coverage for utility-scale solar.
Validated EcoRail's value in live service with Genesee & Wyoming's Chicago, Fort Wayne & Eastern Railroad, with approximately 5% fuel savings achieved to date and more than 2X additional savings potential identified as crew adoption and optimization mature.
Developed a cost effective device for textile suppliers to digitize their products, with 3 pilots booked for the launch.
FUND I
Renewed both Pepsi Fresno and Niagara Bottling to 3 and 4 year term contracts, maintaining their 100% customer renewal rate.
Signed an agreement with an industry partner to use Audette to help them sell their solutions.
Continued development of FrostCC® cryogenic carbon capture technology.
Successfully reclassified bamboo chopsticks as a valuable resource from waste in Kawasaki City, Japan.
Secured an investment management deal of 207.5 MW for a trial with a 3.2 GW expansion. Featured in two podcasts, Watts Up Renewables and The Clean Energy Edge Podcast.
Began live customer demos of SAM, their AI agent that answers customer questions and generates reports automatically. Early sessions with seven major restaurant operators are converting into pilots through the rest of the quarter.
Engaged for the fourth consecutive year by Ceres to power their assessment of US insurers on climate risk, benchmarking 41,349 criteria across 537 insurance groups.
Began a full codebase rewrite to enable rapid scaling with AI.
Won an RFP with the City of Vancouver for a $800K charger expansion.