How many total Environment companies are there in Calgary?

As of May 2026, Calgary has 181 active Environment companies.

How many Environment companies in Calgary are funded?

As of May 2026, 49 companies have received funding in this sector.

What is the total funding raised by Environment companies in Calgary?

Environment companies in Calgary have collectively raised $3.09B in funding till date.

Who are the top investors in Environment companies in Calgary?

The top investors in Environment companies in Calgary by number of investments are ARC Financial and Resource Merchant Capital.

Which is the highest funded Environment company in Calgary?

As of May 2026, Entropy has raised $390M in funding, highest among the funded Environment companies in Calgary.

How many exits have occurred in Environment companies in Calgary?

Environment sector in Calgary has seen 21 acquisitions and 13 IPOs.

List of 210 Environment Startups in Calgary, Canada & Market Trends (May 2026)

The Environment sector in Calgary, Canada comprises 210 companies, including 49 funded companies having collectively raised $3.09B in venture capital money and private equity. Out of these, 41 are Series A+ funded.

Environment sector in Calgary, Canada has seen 21 acquisitions and 13 IPOs. This represents almost 16.2% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes it includes companies providing traditional water, solid waste and air management services. It also includes offline environment consultancies.

It includes companies providing traditional water, solid waste and air management services. It also includes offline environment consultancies. It excludes ompanies providing software solutions for water, solid waste and air management. It also excludes companies providing tech heavy hardware and advanced materials for the same.

Key Metrics

Total Companies

210

Top Companies

BluEarth Renewables, Entropy & more

Total Funding

$3.09B

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

View complete details of this sector

There are 210 Environment startups in Calgary, Canada which include BluEarth Renewables, Entropy, Newterra, Maxim Power, Tervita. Out of these, 49 startups are funded, with 41 having secured Series A+ funding.

Over the past 10 years, an average of 6 new companies have been launched annually.

1. BluEarth Renewables

Developer of renewable energy facilities and provider of operating support. This company develops and constructs renewable energy projects, bringing renewable energy to the power grid. They also offer third-party operational support for existing wind and solar facilities. The company's focus is on the entire project lifecycle, from initial development through to ongoing maintenance. Their work contributes to the transition to a lower-carbon energy future.

Key facts about BluEarth Renewables

Founded Year: 2010
Location: Calgary (Canada)
Stage: Acquired
Total Funding till date: $81M
Investors: Ontario Teachers' Pension Plan and ARC Financial
Latest Funding Round: Series A, Nov 03, 2014, $*****
Tracxn Score: 57/100 What is this?
Competitors Rank: 5 of 55 Competitors

2. Entropy

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Key facts about Entropy

Founded Year: 2021
Location: Calgary (Canada)
Stage: Series D
Total Funding till date: $390M
Investors: Brookfield Asset Management and Canada Growth Fund
Latest Funding Round: Series D, Dec 20, 2023, $*****
Tracxn Score: 53/100 What is this?
Competitors Rank: 20 of 304 Competitors

View full list of companies in this sector

3. Newterra

Key facts about Newterra

Founded Year: 1992
Location: Calgary (Canada)
Stage: Acquired
Investors: Angeleno Group, Black Coral Capital and 4 Others
Latest Funding Round: Unattributed, Oct 09, 2013, $*****
Tracxn Score: 51/100 What is this?
Competitors Rank: 2 of 333 Competitors

4. Maxim Power

Maxim Power acquires, develops & operates power related projects. Claims to operating 2290 megawatts of power production plants consisting of gas-fired and wind power projects. Also, involved in coal mining activities. Develops a 200MW wind project.

Key facts about Maxim Power

Founded Year: 1993
Location: Calgary (Canada)
Stage: Public
Investors: Prairie Merchant, Alpine Capital and 1 Other
Latest Funding Round: Post IPO, Oct 15, 2019, $*****
Tracxn Score: 48/100 What is this?
Competitors Rank: 8 of 50 Competitors

5. Tervita

Key facts about Tervita

Founded Year: 1979
Location: Calgary (Canada)
Stage: Acquired
Investors: TD Securities, Vestar Capital Partners and 3 Others
Latest Funding Round: Conventional Debt, Dec 21, 2018, $*****
Tracxn Score: 45/100 What is this?
Competitors Rank: 28 of 1,591 Competitors

Access the full list of 210 Environment Startups in Calgary, Canada

Companies founded year-on-year in the Environment sector in Calgary

15 Environment startups in Calgary were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	-
2024	-
2023	1
2022	6
2021	15
2020	15
2019	6
2018	7
2017	15

Stage-wise distribution of Environment sector companies in Calgary

Out of the total 210 Environment companies in Calgary, 49 have secured funding. Among them, 41 have reached Series A or higher, and 37 to Series B or beyond.

Founded - 210

Funded - 49

Series A+ - 41

Series B+ - 37

Series C+ - 37

Company Stage	No. of companies
Founded	210
Funded	49
Series A+	41
Series B+	37
Series C+	37

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Total funding year-on-year in the Environment sector in Calgary

The Environment sector in Calgary saw a total funding of more than $2.3B in the last 10 years. The most amount of funding was in 2019 at more than $925M.

Total Funding

Year	Total Funding
2025	$2.53M
2024	$598K
2023	$153M
2022	$258M
2021	$45.3M
2020	$252M
2019	$925M
2018	$604M
2017	$2M

Recent Funding Rounds in Environment in Calgary

In the year 2025, till July 2025, Environment companies in Calgary have raised $717K in equity funding across 1 round. In the same period last year (i.e. till June 2024), Environment companies in Calgary had raised $100K across 1 round. So, 2025 has seen a 617% rise in funding in Environment companies in Calgary as compared to 2024.

Here are some recent, important funding rounds in Environment companies in Calgary:

Company	Round Raised	Amount Raised	Funding Date	Investors
SolarSteam	Seed	3980	Jul 21, 2025	-
SolarSteam	Seed	2299	Jun 24, 2024	-
Entropy	Series D	3859	Dec 20, 2023	Canada Growth Fund
SolarSteam	Seed	2977	Sep 29, 2023	-
Highwood Emissions Management	Seed	6779	Jun 22, 2023	Energy Capital Ventures and 1 more

See a more detailed list of funding rounds

ARC Financial is the top investor in Environment companies in Calgary based on number of companies invested.

Here are some top investors in Environment companies in Calgary:

Investor	Location	Top Portfolio Companies
ARC Financial	Calgary (Canada)	BluEarth Renewables
Resource Merchant Capital	Calgary (Canada)	Collective Waste, Whitewater and Stony Mountain
Yaletown	Vancouver (Canada)	-
Cenovus	Calgary (Canada)	-
Kensington Capital Partners	Toronto (Canada)	-

See a more detailed list of investors

In the year 2025, till November 2025, 4 acquisitions happened in Environment sector in Calgary.

Here are some recent, important acquisitions in Environment sector in Calgary:

Company	Acquisition Type	Acquisition Date	Acquirers
NuVista Energy	Business Acquisition	Nov 04, 2025	Ovintiv
Blu Dot Systems	Business Acquisition	Oct 10, 2025	NU-E Corp
Newterra	Business Acquisition	Jun 26, 2025	Grundfos
Kilo Power	Business Acquisition	Jan 20, 2025	BBA
Whitewater	Business Acquisition	Sep 08, 2023	Hillcore Group

See a more detailed list of acquisitions

Acquisition trends in Environment sector in Calgary

Here are the acquisition trends in Environment sector in Calgary:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	4
2024	-
2023	2
2022	2
2021	1
2020	1
2019	1
2018	2
2017	3

In the year 2024, till August 2024, 1 IPO happened in Environment sector in Calgary.

Here are some recent, important IPOs in Environment sector in Calgary:

Company	IPO Date	Exchange Symbol
NU-E Corp	Aug 20, 2024	Canadian Securities Exchange (CSE)
CLEANTEK Industries	Nov 10, 2021	Toronto Stock Exchange - Venture Exchange (TSX-V)
Rubellite Energy	Sep 09, 2021	Toronto Stock Exchange (TSX)
Sterling Resources	Dec 29, 2020	Toronto Stock Exchange - Venture Exchange (TSX-V)
Veren	Sep 30, 2020	Toronto Stock Exchange (TSX)