Sprout News
We invest in innovative seed-stage tech companies
across Canada
Assembler AI Closes $4 Million Seed Round
Sprout is proud to support Assembler AI’s $4M seed round. Their computer vision technology helps manufacturers improve quality, efficiency, and productivity.
PataBid raises $2 million to expand AI construction estimator
Sprout Fund joins PataBid’s $2M pre-seed round to advance AI-powered construction estimating, accelerate innovation, and expand across North America.
Hitachi Construction Machinery Invests in Rithmik Solutions Series A Round to Accelerate Open, AI-Driven Mining Innovation
Sprout is proud to support Rithmik Solutions’ Series A alongside Hitachi. Their AI drives smart, sustainable mining. Our portfolio is updated; ready for review.
Sprout invests in Glowtify to bring AI superpowers to e-commerce marketing teams worldwide
Sprout is proud to invest in Glowtify’s $3.4M seed round. Their AI platform empowers e-commerce teams to scale marketing. Our portfolio is updated; ready for review.
Styx Intelligence Secures $2.7M to Expand AI-Powered Digital Risk Protection
Vancouver, BC – Styx Intelligence (Styx) has closed a $2.7M Seed round, marking a major step forward in its mission to help businesses protect their brand, reputation, and digital assets from cyber threats. The round was led by BDC’s Seed Venture Fund, with...
Sprout leads round in Lightstrike, an AI startup that maps complex enterprise software environments and identifies potential dependency risks
Edmonton, Alberta – Sprout Fund II is leading an investment in Calgary-based application dependency management startup, Lightstrike. The company has completed its first outside round from a syndicate of investors including Sprout Fund II, a US-based angel syndicate...
Sprout invests in Rithmik Solutions, an AI company that optimizes the use of mobile mining equipment and reduces environmental impact
Montreal, Quebec — Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, is thrilled to announce the successful closure of a $2 million funding round. This investment was spearheaded by a syndicate of new and...
Sprout Fund invests in Dyne Technologies which uses machine learning to improve restaurant margins and customer loyalty
Edmonton, Alberta – Sprout Fund has completed its eighth investment from Sprout Fund II into high growth, Vancouver-based, restaurant tech startup, Dyne, as part of a $1.5m seed round. Dyne (www.dyneapp.ca) provides a restaurant-specific customer data platform that...
Alberta Enterprise Corporation invests in Alberta-based Sprout’s second seed capital fund
AEC invests CAD $2.5 million into Sprout Fund II to provide seed-stage venture and mentor capital to Alberta and Western Canadian B2B software startups. EDMONTON, March 9, 2023 – Alberta Enterprise and Sprout jointly announced today that AEC has invested CAD $2.5...
Sprout Fund invests in Bright Breaks which uses artificial intelligence to boost Workplace Wellness, 7 minutes at a time
Edmonton, Alberta & Halifax, Nova Scotia - Feb 15, 2023 Sprout Fund has completed its seventh investment from Sprout Fund II into Nova Scotian employee wellness startup, Bright Breaks, along with Tidal Ventures, Innovacorp, Concrete Ventures, and a syndicate of...