Participated · Series A · Jul 2026

Luffy AI builds a neuroplastic AI platform that uses sparse neural networks trained in simulation and refined during real-world operation to enable real-time adaptive control without relying on large datasets or continuous cloud retraining. The technology is initially deployed in industrial motor control and integrated with variable frequency drive (VFD) systems such as pumps, fans and conveyor systems. Luffy’s approach aims to improve energy efficiency, reduce commissioning time and optimise performance in physical systems. The company plans to expand into additional applications including robotics, drones and thermal process control. Luffy is commercialising its solutions through proof-of-concept projects and pilot deployments with industrial customers and will use new funding to convert those into long-term partnerships and scale rollout. Dr Matthew Carr is a co-founder and CEO and has framed the funding as enabling increased delivery and deployment efforts.

Participated · Equity · Aug 2025

General Fusion develops magnetized-target fusion technology that uses deuterium-tritium fuel, a magnetic field generated by current through the fuel, and a liquid lithium wall compressed by steam-driven pistons. The company recently activated LM26, a half-scale prototype of a commercial-scale reactor, and had aimed for scientific breakeven in 2026 when commissioning the device. After laying off at least 25% of staff in May, the company publicly appealed for funding and said it is still pursuing scientific breakeven, while listing intermediary goals of heating plasmas to 10 million and 100 million degrees Celsius. The firm reported that the new cash will allow more time to run LM26 and work toward key scientific milestones. Prior to this round, General Fusion had raised $440 million in funding and was founded in 2002. Given the limited size of the fresh funding, the company appears likely to prioritize nearer-term scientific milestones to try to secure additional investment. General Fusion develops a practical Magnetized Target Fusion (MTF) approach to commercial fusion energy and is headquartered in Richmond, B.C. The company is advancing its Lawson Machine 26 (LM26) demonstration program to achieve temperatures above 100 million °C (10 keV) and a scientific breakeven equivalent. Management expects the technology to be capable of providing clean fusion energy to the grid by the early to mid-2030s. The company was founded in 2002 and is funded by an international syndicate of energy VCs, industry partners, and technology investors. Recent financing activity includes a CA$20 million investment—CA$10 million each from Canadian Nuclear Laboratories (CNL) and BDC Capital—to accelerate LM26 and commercialization work. The LM26 program has attracted over CA$71 million in public and private investment since its 2023 launch. General Fusion pursues a Magnetized Target Fusion (MTF) approach that uses a proprietary liquid‑metal liner mechanically compressed by high‑powered pistons to create short, high‑temperature fusion pulses without large superconducting magnets or laser arrays. The company is building LM26, a demonstration machine designed to reach key technical milestones and de‑risk commercialization of its technology. LM26 aims to achieve plasma temperatures over 100 million degrees Celsius by 2025 and progress toward a deuterium‑tritium breakeven equivalent by 2026; its plasmas will be approximately 50% scale of a commercial machine. General Fusion says a commercial plant design would produce roughly 230 MW from two 115 MW machines and could power about 150,000 homes. The company reports having built more than 24 plasma prototypes, filed over 170 patents, and conducted more than 200,000 experiments at its Canadian labs. It plans to commercialize zero‑carbon fusion power in the early to mid‑2030s while continuing R&D at its Richmond, B.C. headquarters. General Fusion is developing a Magnetized Target Fusion (MTF) approach centered on its newly announced Lawson Machine 26 (LM26), to be built at its Richmond headquarters. LM26 is designed to achieve fusion conditions of over 100 million degrees Celsius by 2025 and to progress toward scientific breakeven by 2026. The machine will validate the company's ability to symmetrically compress magnetized plasmas at scale by integrating its operational plasma injector (PI3) with a new lithium liner compression system. LM26 is intended as a cost-efficient, fast-moving demonstration to de-risk and accelerate General Fusion’s Demonstration Program and support plans to provide commercial fusion electricity by the early to mid-2030s. Over the next two to three years the company will work closely with the UK Atomic Energy Authority to validate LM26 data and incorporate it into the design of a planned commercial-scale demonstration in the UK. The company is led by CEO Greg Twinney and Founder and Chief Science Officer Dr. Michel Laberge. It recently raised capital and grant support to expand operations and its business reach. General Fusion pursues commercialization of Magnetized Target Fusion (MTF) to deliver practical, carbon-free power. The company is advancing a power-plant scale Fusion Demonstration Plant at the UKAEA’s Culham Centre for Fusion Energy and has expanded technology development at its Vancouver headquarters and a new facility adjacent to Oak Ridge National Laboratory. General Fusion has created a Market Development Advisory Committee composed of nine leading energy companies and clean-energy users to shape commercialization and market adoption. The company reports broad financial support from private investors and from Canadian, U.K., and U.S. government sources to accelerate near-term initiatives and milestones. General Fusion emphasizes customer-focused development and is preparing for a larger financing round in 2022 to support aggressive pursuit of its program.

Participated · Series B · Feb 2025

VerAI Discoveries operates a proprietary AI Discovery Platform engineered to detect concealed mineral deposits beneath covered terrains such as dense forests, ice sheets, gravel layers, and young rock formations. The company has built a portfolio of more than 60 mineral projects and holds multiple royalties across North and South America. VerAI partners with industry investors and explorers to test and develop its high-probability targets. The firm says its technology reduces exploration risk and cost while increasing the likelihood of discovery in underexplored covered terrain. The new capital is intended to accelerate testing and the economic development of its project portfolio, expand the company’s assets, and continue refining and advancing its platform. Leadership highlights in the article include CEO and Co‑Founder Yair Frastai. VerAI Discoveries develops an AI-based mineral asset generator that applies machine learning to improve mineral exploration. Its approach analyzes magnetic, gravimetric, electromagnetic, and seismic data to surface targets previously concealed to human-centric techniques. The company says this method detects deposits at a rate two orders of magnitude more effective than traditional, human-led techniques. VerAI maintains a deep partner ecosystem to accelerate the ability to leverage discovered mineral deposits. It positions its technology as helping to lead the green-energy transition by improving access to critically needed minerals. VerAI is based in Boston, MA and recently completed a $12M Series A financing.

Participated · Equity · Mar 2024

Rithmik Solutions develops an artificial-intelligence platform that ingests high-resolution data from mixed mobile mining fleets and converts it into actionable guidance for operations and maintenance teams. Its analytics go beyond predictive maintenance, enabling mines to detect issues earlier, improve equipment reliability, and increase production efficiency while reducing environmental impact. The software is fully OEM-agnostic, supporting all major mining equipment brands and addressing customers’ need for interoperable, site-wide solutions. Headquartered in Montréal, the company positions itself as a key enabler of smart, sustainable mining by aligning operational and maintenance priorities around data-driven insights. With fresh Series A funding, Rithmik plans to accelerate global expansion, broaden its product suite, and integrate into additional digital mining ecosystems. Financial or user metrics were not disclosed in the article.

Participated · Equity · Oct 2023

HaiLa Technologies develops ultra-low-power multi-protocol radio communications, including Wi‑Fi, aimed at enabling ambient IoT sensing. Its core products are energy-efficient system-on-chip (SoC) solutions and related implementations such as backscatter to minimize radio power use. The company plans to commercialize these SoCs to extend device battery life, enable smaller batteries, and reduce battery waste. Customers and partners target smart home and building automation, consumer electronics, mobile, industrial, transportation, medical, and agriculture markets. HaiLa was founded in 2019 in Montreal and was originally conceptualized at Stanford University. Financially, HaiLa has raised USD $16.8 million to date, including non-dilutive financing from Sustainable Development Technology Canada and TechnoClimat Quebec, and recently announced an additional USD $10.35 million financing.