About ERA
ERA is a venture capital firm founded in 2009. It is primarily based out of Edmonton, Canada. As of Jul 2025, ERA has invested in 15 companies. It primarily invests in Grant (prize money) round in Canada based startups. Its investments are spread across a wide range of sectors from Environment Tech to High Tech and Food and Agriculture Tech. Most recently it participated in the $***** Grant (prize money) round of Carbonova Overall, ERA portfolio has seen 4 IPOs and 2 acquisitions including key companies like Carbon Engineering, CPKC and LithiumBank. A lot of funds co-invest with ERA, with names like Valent sharing a substantial percentage of its portfolio. ERA has team of 20 people including 12 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Grant (prize money), Seed & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
ERA's List of Top Investments
ERA has a portfolio of 15 companies. Their most notable investmentis in CUTTheir portfolio spans across Canada and United States. They have invested in Environment Tech, High Tech, Food and Agriculture Tech and 10 other sectors, across stages such as Grant (prize money), Seed and 1 more. Here is the list of top investments by ERA:
1. CUT
Manufacturer focuses on advanced carbon-based building materials. It develops materials suited for concrete and similar construction applications using methods that incorporate captured carbon. Its work supports a range of structural needs through alternatives designed for durability and performance.
Key facts about CUT
- Founded Year: 2014
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $50.9M
- Employee Count: 52 as on Sep 30, 2026
- Investors: Clean Energy Ventures, Clean Energy Venture Group and 26 Others
- Latest Funding Round: Venture Debt, Apr 02, 2026, $*****
- Highlight: Editors' Pick
2. Svante
Provider of carbon capture solutions from the air. It offers a patented technology that traps carbon produced by the industries such as cement, steel, ammonia, aluminium, methanol, and hydrogen. The captured CO2 is concentrated, processed, and then released for storage or industrial use.
Key facts about Svante
- Founded Year: 2007
- Location: Burnaby (Canada)
- Stage: Series E
- Total Funding till date: $493M
- Employee Count: 282 as on Sep 30, 2026
- Investors: The Roda Group, Temasek and 31 Others
- Latest Funding Round: Series E, Nov 18, 2024, $*****
- Highlight: Editors' Pick
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3. Carbonova
Provider of solutions for converting greenhouse gas emissions into sustainable carbon nanomaterials for various industries. This entity specializes in converting carbon dioxide, methane, and waste energy into advanced carbon nanomaterials. These materials are designed to improve the performance and environmental footprint of products. The applications span across sectors such as plastics, where they contribute to lighter, stronger, and more environmentally friendly composites. In the realm of lithium-ion batteries, these materials enhance energy density, accelerate charging, and extend battery life. For the construction industry, the nanomaterials are incorporated to boost the durability and strength of concrete. The focus is purely on the creation and utility of these innovative carbon products.
Key facts about Carbonova
- Founded Year: 2017
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $9.64M
- Employee Count: 18 as on Aug 31, 2026
- Investors: Sustainable Development Technology Canada, ERA and 6 Others
- Latest Funding Round: Series A, Nov 20, 2025, $*****
- Highlight: Editors' Pick
Developer of direct air capture technology focused on carbon dioxide removal. The company advances technologies for capturing carbon dioxide directly from the atmosphere. It focuses on continual innovation of its technology to provide it at scale. The company’s research and development platform tests and validates advancements for this technology.
Key facts about Carbon Engineering
- Founded Year: 2009
- Location: Squamish (Canada)
- Stage: Acquired
- Total Funding till date: $110M
- Employee Count: 187 as on Sep 30, 2026
- Investors: First Round Capital, BHP and 16 Others
- Latest Funding Round: Series B, Nov 17, 2022, $*****
- Highlight: Acquired
5. CPKC
Canadian Pacific Kansas City (CPKC) is a Canadian railway holding company that operates a single-line rail network connecting Canada, the United States, and Mexico. The company provides freight transportation services, connecting major North American markets and serving industries such as agriculture, energy, and manufacturing. With a focus on efficiency and customer service, CPKC aims to be a leader in the transportation and logistics sector. Through its combined operations, CPKC offers a unique network that spans the continent, providing customers with a single, seamless solution for their transportation needs.
Key facts about CPKC
- Founded Year: 1881
- Location: Calgary (Canada)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Employee Count: 3,549 as on Sep 30, 2026
- Investors: Pershing Square Holdings, SMB Capital Partners and 1 Other
- Latest Funding Round: Grant (prize money), Nov 03, 2021, $*****
- Highlight: Public
ERA's Year-on-Year Investment Trends
ERA has invested in 15 companies over the last 14 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in LithiumBank and most recent follow-on round was in Carbonova.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 1 | 2 |
2024 | 1 | 1 | 2 |
2023 | 3 | 0 | 3 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
ERA's Investments by Stage
ERA has made 13 investments in Grant (prize money) stage with an average round size of $5.66M, 1 investment in Seed stage with an average round size of $600K and 1 investment in Series A stage.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 13 |
Seed | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
ERA's Investments by Sector
ERA has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Environment Tech, Energy and Energy Tech. Notably, it has invested in 9 Enterprise (B2B) companies, 9 Tech companies, 4 Social impact companies and at least 2 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 5 |
Sustainability Tech | 5 |
Environment Tech | 4 |
Energy | 3 |
Energy Tech | 3 |
Others | 12 |
Note: We have considered here, only first round of investments
ERA's Investments by Geography
ERA has made most investments in Canada (14), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 14 |
United States | 1 |
Note: We have considered here, only first round of investments
ERA's recent investments
ERA has not made any investment in 2026 so far.Here are the most recent investments by ERA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 24, 2025 | Canada | Grant (prize money) | 9816 | - | |
Jul 17, 2025 | Canada | Grant (prize money) | 4117 | - | |
Apr 15, 2024 | Canada | Grant (prize money) | 2962 | - | |
Apr 02, 2024 | Canada | Series A | 3449 | - | |
Jul 12, 2023 | Canada | Grant (prize money) | 4209 | - |
IPOs and Publicly Listed companies in ERA's Portfolio
4 of ERA's portfolio companies have become public. LithiumBank got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Apr 2022 at marketcap of $504K and Northstar Clean Technologies got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V) at marketcap of $19M.Here are ERA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 01, 2022 | Jul 17, 2025 | Grant (prize money) | 3183 | |
Jul 13, 2021 | Feb 13, 2023 | Grant (prize money) | 4656 | |
Apr 14, 2007 | Jul 21, 2020 | Grant (prize money) | 3118 | |
Aug 24, 2001 | Nov 03, 2021 | Grant (prize money) | 5886 |
Acquired companies in ERA's Portfolio
2 companies from ERA's portfolio have been acquired. The most recent acquisition was Carbon Engineering in Aug 2023 by Oxy for $*****.Here are ERA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 15, 2023 | Nov 20, 2012 | Grant (prize money) | 3629 | |
Jan 13, 2021 | Jul 12, 2023 | Grant (prize money) | 2048 |
Team profile of ERA
ERA has a team of 20 members including 12 Partners and 1 Venture Partner located in Canada. ERA's team does not sit on the board of any company as of now.Here is a list of top team members in ERA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vancouver | - | ||
Partner | Edmonton | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | - | |
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Partner | - | - | - |
Co-investors of ERA
Over the past 14 years, 82 investors have co-invested in ERA's portfolio companies. This includes funds and angels.
- Invested before ERA: Sustainable Development Technology Canada, CRH Ventures and 28 others have invested in rounds before ERA. There are 3 companies where Sustainable Development Technology Canada has invested before ERA and 1 company where CRH Ventures has invested before ERA.
- Top Co-investors of ERA: 4 investors entered a company along with ERA. These include investors like Valent (1 company).
- Invested after ERA: A total of 48 investors have invested in ERA's portfolio after their investments. Top Investors include Climate Investment (2 companies), BDC (2 companies) and Innovation, Science and Economic Development Canada (2 companies).
Recent News related to ERA
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LithiumBank Resources secures $3.9M in non-dilutive ERA funding for Boardwalk Lithium ProjectSeeking Alpha•Jul 17, 2025•LithiumBank, ERA
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Alberta Innovates and Emissions Reduction Alberta Announce New Hydrogen FundingAlberta Innovates•Apr 23, 2024•Alberta Innovates, ERA, Hysata
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Alberta announces $45 million to fund hydrogen innovationCalgary Herald•Aug 02, 2023•Alberta Innovates, ERA, Alberta
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Alberta Innovates: New Funding to Advance Hydrogen InnovationFuelcellsworks•Aug 02, 2023•Alberta Innovates, ERA, Alberta
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Partnership in global CCUS initiative leverages international investment in three Alberta-led projectsGlobeNewswire•Apr 26, 2023•ERA, ACT
