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Pender Ventures

Alberta Startups Gain Boost from AEC and Pender Ventures

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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.

Pender Ventures Secures $100M for Tech Growth in Canada

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Vancouver’s Pender Ventures announced the final close of its Technology Inflection Fund II LP, reaching $100 million with support from Alberta Enterprise Corporation (AEC). The fund aims to propel Canadian health tech and B2B companies. AEC’s involvement strengthens ties to Alberta’s growing tech ecosystem, where health and life sciences startups are thriving.

Managing Partner Maria Pacella emphasized the shared goal of scaling high-potential firms nationwide. Notable contributors include BMO, VanCity, and Export Development Bank. Pender’s previous success includes Copperleaf Technologies and D-Wave Systems.

Want to know more? Check out the source code on Calgary.tech.