Alberta Enterprise Corporation (AEC) has invested $5 million in Pender Ventures’ $100-million Pender Technology Inflection Fund II to boost early-stage funding for Alberta’s tech and health startups. Pender Ventures, led by Managing Partner Maria Pacella, specializes in scaling B2B and health technology firms.
Establishing a full-time Calgary presence, the firm appointed Jacob Grainger as Associate to strengthen regional engagement. AEC CEO Kristina Williams highlighted Pender’s alignment with Alberta’s startup focus, offering valuable expertise to drive growth. Pender previously invested in Edmonton’s DrugBank, reinforcing its commitment to Alberta’s innovation ecosystem.
Want to know more? Check out the source code on Calgary.tech.