Verge Technologies wins Investment from SVG Ventures | THRIVE

Date:05-31-2024

SVG Ventures| THRIVE, a Silicon Valley based global agrifood innovation and investment platform has announced the cohort III company selected to receive investment from it’s Pioneer Fund.

Following the conclusion of the third iteration of the THRIVE Canada Accelerator Program the fifteen cohort participants took to the stage to pitch their technology solutions at THRIVE’s Canada III Demo Day in Calgary, Alberta before a packed audience of technology leaders, innovators and investors.

Demo Day is the hallmark event of the THRIVE Accelerator Program.  The 3-month program combines an intensive startup curriculum with access to a multitude of resources including investment, access to corporates and investors and tailored mentorship from industry experts from across THRIVE’s extensive global network. Through this comprehensive support system, participating companies are empowered to establish a solid foundation for global growth at an accelerated pace.

Robert Lai, Associate Vice President, Investment Attraction at Alberta Innovates, John Cassidy, Managing Director of SVG Ventures| THRIVE Canada, John Hartnett, Founder and CEO of SVG Ventures|T HRIVE, and Helen Hartnett, COO of SVG Ventures| THRIVE, present the THRIVE Pioneer Investment to Scott Bishop, General Counsel & VP Corporate Development, and Godard, Chief Operating Officer of Verge Agriculture, at THRIVE Canada III Demo Day.

Alberta-based Verge Technologies emerged as the overall winner, securing investment from the Pioneer Fund. CEO of SVG Ventures|THRIVE, John Hartnett commented on the selection, saying, ″Verge Technologies impressed us with their innovative approach to addressing key challenges in agriculture. Their dedication to developing software solutions that empower farmers aligns perfectly with our mission to drive global agrifood innovation.″

″The Canada III Demo Day showcased some remarkable innovation, reflecting the spirit of entrepreneurship and ingenuity we see everyday in this province. Congratulations to Alberta’s Verge Technologies in being recognized for their pioneering work in agricultural technology,″ remarked Laura Kilcrease, CEO of Alberta Innovates. ″We look forward to continuing to support Verge as well as other promising startups as they drive forward the future of agriculture.″

Verge began operations in 2019 with a mission to develop software that enables farmers to plan, simulate, and validate the movement of equipment in the field and execute field operations efficiently. Verge has developed software solutions on their Launch Pad Platform, Path Planner & Equipment Explorer, that help farmers manage their land and equipment to efficiently and remotely execute field operations, enabling farming to be truly autonomous.

The Canada III Cohort showcases a diverse array of companies poised to make significant contributions to the agrifood industry. Participants include:

• AdvancedAg (Raymond, AB)

  
  

• Carbon Oxytech (Calgary, AB)

  
  

• Cellar Insights Inc. (Calgary, AB)

  
  

• Clean Valley Bio-filtration Technologies CIC (Dartmouth, NS)

  
  

• Cubbi Technologies Inc (Calgary, AB)

  
  

• Else Labs (Ottawa, ON)

  
  

• armer’s Hive (Vancouver, BC)

  
  

• FeedFlo ( Winnipeg, MB)

  
  

• Feedware (Gwen, AB)

  
  

• Mycro Harvest (Waterloo, ON)

  
  

• Permalution (Sherbrooke, QC)

  
  

• Poket Inc. (Toronto, ON)

  
  

• SolarSteam Inc. (Calgary, AB)

  
  

• Susgrainable (Calgary, AB & Vancouver, BC)

  
  

• Verge Technologies Canada (Lethbridge, AB)

The SVG Ventures | THRIVE Canada Accelerator’s successful execution is made possible through the generous support of the Alberta Scaleup and Growth Accelerator Program, managed by Alberta Innovates. This initiative is further supported by a consortium including the Alberta Ministry of Technology & Innovation, Prairies Economic Development Canada (PrairiesCan), Alberta Innovates, and Olds College. The THRIVE Canada Accelerator is further supported by funding from Opportunity Calgary Investment Fund (OCIF) and Farm Credit Canada (FCC).