Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies
Five Canadian tech startups, Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, and Mogile Technologies, have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much from whom, and what they plan to put the new funds toward.
Eavor Technologies secures $50.7 million CAD in financing
Calgary cleantech startup Eavor Technologies has secured $50.7 million CAD ($40 million USD) in funding as it looks to commercialize its geothermal power generation technology.
Investors include bp Ventures, the venture arm of oil and gas company BP; Chevron Technology Ventures; Temasek; BDC Capital; Eversource; and Vickers Venture Partners.
WINNIPEG The ice along the Assiniboine River could become unstable, according to the Manitoba government. The province made this announcement on Thursday, saying it is because the Hydrologic Forecast Centre of Manitoba Infrastructure started a decrease of outflows from the Shellmouth Reservoir from 320 cubic feet per second to 90 cubic feet per second. The province noted that the areas that could potentially be affected by this decrease of flows extend from the Shellmouth Dam to Brandon, Man. The Manitoba government urges those using the river to be cautious when going onto the ice. This decrease in flows out of the Shellmouth Reservoir is part of the regular operations of the reservoir and dam.