February 7, 2023
Alberta Enterprise Corporation (AEC) invests USD $10 million in Evok Innovation Fund II to accelerate the development of critical energy transition and industrial decarbonization technologies across North America.
Recently, Evok announced its first Fund II investments, which included participation in a USD $50 million round into Calgary-based Summit Nanotech, a direct lithium extraction technology to unlock lithium resources efficiently and sustainably.
Evok is a venture capital firm with deep roots in Alberta. Their first fund was established in 2016 as a partnership between Calgary-headquartered energy heavyweights, Suncor and Cenovus, along with BC CEO Cleantech Alliance. Evok is targeting USD $300M for its Fund II and has attracted investment from oil and gas leaders, financial institutions and crown corporations, pension funds, as well as Alberta Enterprise.