About Foresight
Foresight, an accelerator and incubator program founded in 2013, is based in Port Coquitlam, Canada. With a presence in 7 countries, it has supported around 185 startups in sectors like High Tech, Environment Tech. As of Oct 2026, Foresight has witnessed 8 portfolio exits. Most notable companies in
its portfolio include DarkVision, Moment Energy and Calgary. The program is backed by a team of 146 people who primarily support Seed startups based in Canada. Its latest investment was a Undisclosed Seed round in REVOLUTION Turbine Technologies on Sep 15, 2021 along with Eunike Ventures.
Key Metrics
Founded Year
2013
Location
Port Coquitlam, Canada
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Foresight's List of Top Investments
Foresight has a portfolio of 185 companies. Their most notable investmentis in REVOLUTION Turbine TechnologiesTheir portfolio spans across Canada, United States, Switzerland and 4 more locations. They have invested in High Tech, Environment Tech, Enterprise Applications and 29 other sectors, across stages such as Seed stage. Here is the list of top investments by Foresight:
1. DarkVision
Developer of acoustic imaging technology for industrial asset inspection applications. It captures three-dimensional data to identify and quantify defects. It provides insights for completion optimization, well integrity, and obstruction identification. The technology is used in downhole imaging and in-line inspection. The tools provide detailed imagery and 3D models of wells, flow profiles, completions, and wellbore formations.
Key facts about DarkVision
- Founded Year: 2013
- Location: North Vancouver (Canada)
- Stage: Acquired
- Total Funding till date: $5.5M
- Employee Count: 282 as on Aug 31, 2026
- Investors: Evok Innovations, Defined Capital and 7 Others
- Latest Funding Round: Series A, Sep 19, 2016, $*****
- Highlight: Acquired
Provider of battery energy storage systems using repurposed electric vehicle batteries. The company offers systems designed to reduce demand charges and provide backup power. These systems support peak shaving, load shifting, electric vehicle charging, and renewable energy integration. The battery energy storage systems are built to meet codes and avoid supply chain delays.
Key facts about Moment Energy
- Founded Year: 2020
- Location: Port Coquitlam (Canada)
- Stage: Series B
- Total Funding till date: $100M
- Employee Count: 82 as on Aug 31, 2026
- Investors: Evok Innovations, Climate Capital and 20 Others
- Latest Funding Round: Series B, May 05, 2026, $*****
- Highlight: Editors' Pick

3. Calgary
Developer of waste heat-to-power systems for industrial decarbonization. It provides turnkey solutions, encompassing project financing, engineering, construction, and ongoing operation and maintenance. The company utilizes a variety of technologies to convert waste heat into clean electricity, reducing reliance on fossil fuels and lowering carbon emissions. A key offering is an Energy-as-a-Service model, allowing industrial partners to benefit from waste heat monetization without upfront capital investment. This approach minimizes disruption to client operations while achieving significant environmental impact. The company serves various heavy industries, including natural gas, cement, metals, and refineries.
Key facts about Calgary
- Founded Year: 2020
- Location: Calgary (Canada)
- Stage: Series B
- Total Funding till date: $108M
- Employee Count: 23 as on Aug 31, 2026
- Investors: Canada Growth Fund, Climate Capital and 7 Others
- Latest Funding Round: Series B, Sep 16, 2026, $*****
- Highlight: Editors' Pick
Provider of a collaborative welding robot system. It can be used for high-mix low-volume production operations. The robot has a 15ft reach and can weld a spool of up to 30ft in length. The welding machine has a 3-axis servo-drive robot arm at its end. The robot has been designed to work in a collaborative fashion and does not require fencing or light curtains. The machine automatically controls the torch-to-pipe distance by using a laser camera and closed-loop control systems.
Key facts about Novarc Technologies
- Founded Year: 2013
- Location: Burnaby (Canada)
- Stage: Series B
- Total Funding till date: $53.1M
- Employee Count: 157 as on Sep 30, 2026
- Investors: MaRS Discovery District, Export Development Canada and 10 Others
- Latest Funding Round: Series B, Mar 11, 2025, $*****
- Highlight: Editors' Pick

5. CarbonCure
Developer of technology that injects carbon dioxide into fresh concrete. The technology retrofits into concrete plants, enabling producers to inject captured CO₂ into fresh concrete during mixing. Once injected, the CO₂ reacts with the concrete mix and becomes a mineral that is permanently embedded. The mineralization enables optimization of cement in each truckload of concrete.
Key facts about CarbonCure
- Founded Year: 2007
- Location: Dartmouth (Canada)
- Stage: Series F
- Total Funding till date: $169M
- Employee Count: 86 as on Aug 31, 2026
- Investors: Amazon, MaRS Discovery District and 33 Others
- Latest Funding Round: Series F, Jul 11, 2023, $*****
- Highlight: Editors' Pick
Foresight's Year-on-Year Investment Trends
Foresight has invested in 185 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in REVOLUTION Turbine Technologies.Foresight's Investments by Stage
Foresight has made 3 investments in Seed stage with an average round size of $500K.Foresight's Investments by Sector
Foresight has a diverse portfolio, with companies operating in the Artificial Intelligence - Industry Applications, Energy, Energy Tech, Enterprise Applications and Environment Tech. Notably, it has invested in 89 Tech companies, 78 Enterprise (B2B) companies, 36 Software companies and at least 36 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Artificial Intelligence - Industry Applications | 1 |
Energy | 1 |
Energy Tech | 1 |
Enterprise Applications | 1 |
Environment Tech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Foresight's Investments by Geography
Foresight has made most investments in Canada (2), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 2 |
United States | 1 |
Note: We have considered here, only first round of investments
Foresight's recent investments
Foresight has not made any investment in 2026 so far.Here are the most recent investments by Foresight:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2021 | United States | Seed | 4005 | ||
Mar 10, 2015 | Canada | Seed | 4649 | ||
Mar 10, 2015 | Canada | Seed | 5724 |
IPOs and Publicly Listed companies in Foresight's Portfolio
1 of Foresight's portfolio company became public - Legend Power. It got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Jul 2008.Here are Foresight's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2008 | - | - | 9686 |
Acquired companies in Foresight's Portfolio
7 companies from Foresight's portfolio have been acquired. The most recent acquisition was DarkVision in Jul 2026 by Blackstone for $*****.Here are Foresight's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2026 | Mar 10, 2015 | Seed | 4967 | |
Sep 12, 2025 | - | - | 9646 | |
May 26, 2025 | - | - | 7309 | |
Jan 14, 2025 | - | - | 9176 | |
Jul 17, 2024 | - | - | 4335 |
Team profile of Foresight
Foresight has a team of 146 members including 10 Partners, 88 Venture Partners and 16 Principals located in Canada, United States and 2 more locations. Foresight's team sits on the board of 1 company.Here is a list of top team members in Foresight:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vancouver | - | - | |
Partner | Toronto | - | ||
Partner | Kelowna | - | ||
Partner | Vancouver | - | ||
Partner | Squamish | - | ||
Partner | Calgary | - | - | |
Partner | Vancouver | - | ||
Partner | Vancouver | - | ||
Partner | Ottawa | - | ||
Partner | Vancouver | - | ||
Venture Partner | Ottawa | - | - |
Co-investors of Foresight
Over the past 11 years, 13 investors have co-invested in Foresight's portfolio companies. This includes funds and angels.
- Invested before Foresight: Innovate BC and GreenSky have invested in rounds before Foresight. There is 1 company where Innovate BC has invested before Foresight and 1 company where GreenSky has invested before Foresight.
- Top Co-investors of Foresight: 2 investors entered a company along with Foresight. These include investors like BDC (2 companies).
- Invested after Foresight: A total of 9 investors have invested in Foresight's portfolio after their investments. Top Investors include Sustainable Development Technology Canada (2 companies) and Evok Innovations (1 company).
Recent News related to Foresight
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Foresight Ventures Launches $50 Million Stablecoin Infrastructure FundBitcoin•Oct 01, 2025•Foresight
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New Tool Helps Protect Okanagan Streams and Fish with Real-Time Science-Driven InsightsForesight•May 26, 2025•Foresight
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Wheaton Precious Metals Announces Winner of its Inaugural Future of Mining ChallengeForesight•Mar 04, 2025•Foresight
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Canadian Engineers to Receive High-Demand Skills Training Through Innovative New PlatformGlobeNewswire•Oct 29, 2024•Foresight
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Foresight Canada to continue Project Greenlight's legacy of advancing cleantech adoption in Metro VancouverForesight•Mar 07, 2024•Foresight
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Foresight Announces Partnership with Eunike VenturesEunike Ventures•Jan 27, 2021•Eunike Ventures, Foresight, Cleantech
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New partnership plans to increase carbon capture technologies in Canadagasworld•Sep 12, 2019•Foresight
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BDC Capital, Foresight invest in clean-tech startups Dark Vision, Pyrowave - PE HubPE Hub•Mar 10, 2015•DarkVision, Foresight, BDC

