Alberta Enterprise Corporation invests CA $10 million in Graphite Ventures to support Alberta startups in B2B and hardware sectors.

Information on the Target

Alberta Enterprise Corporation (AEC) has made a significant investment of CA $10 million in Graphite Ventures Fund IV. This fund is dedicated to providing seed-stage capital to technology startups across Canada, with a particular focus on B2B enterprise software and capital-efficient hardware solutions. Based in Toronto, Graphite Ventures is an early-stage venture capital firm led by experienced partners who are deeply immersed in the startup ecosystem.

With a target of raising CA $110 million for Fund IV, Graphite Ventures aims to identify and support early-stage companies that demonstrate high growth potential. Among the notable investments from this fund is WaitWell, an Alberta-based technology firm specializing in queue management software that specifically aids traditional sectors such as educational institutions and government agencies by optimizing service delivery and reducing wait times.

Industry Overview in the Target's Country

The technology sector in Alberta is experiencing unprecedented growth, fueled by increased venture capital investment and a resilient entrepreneurial spirit. Alberta is b