Calgary has solidified its status as a national innovation hub, ranking third in Canada for venture capital investment with $341 million across 43 deals, according to new CVCA data. While investment levels dipped from 2024, Calgary surpassed Vancouver to reclaim the top position in Western Canada.
Calgary Economic Development CEO Brad Parry said the city’s momentum reflects years of strategic planning. Alberta recorded 58 deals—its highest national share in recent years—with cleantech leading the surge. Eavor Technologies’ $89-million raise ranked among Canada’s largest. With most provincial VC dollars flowing through Calgary, the city remains Alberta’s innovation engine.
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