NorthX Climate Tech (NorthX), a non-profit investor and catalyst for climate hard tech innovation, has announced $2 million in new investments to accelerate the growth of B.C.-based climate technology companies. The announcement was made at Converge 2025, a leading conference and gathering of B.C.’s climate tech community.

The new funding includes $500,000 in seed investment for five ventures from B.C. universities and post-secondary institutions: Carbonyx, Cura, Green Manganese, Narval Energy, and Phyco. Each company will receive $100,000 to accelerate their early-stage development.

NorthX is also deepening its commitment to BC climate tech leader Mangrove Lithium with a $1.5 million follow-on investment that will help demonstrate continuous operation of its electrochemical lithium refining platform — the final step before commercial deployment. By enabling low-carbon, scalable production of battery-grade lithium refining, Mangrove is helping decarbonize and reshore one of the most critical supply chains in the clean economy.

That leadership is already taking shape. With more than $17 million invested in spin-offs from post-secondary institutions, NorthX is now Canada’s largest funder of climate ventures emerging from university research.

“Every major climate tech solution begins with a spark — a question asked in a lab, on a shop floor, or inside a university,” said Sarah Goodman, President and CEO of NorthX. “NorthX exists to back the builders turning ideas into industry with capital, connections, and conviction. Today, we’re supporting five new university spinouts and make a major new investment in Mangrove Lithium, a company proving clean, scalable lithium refining can be built here at home to power the energy transition in North America and beyond.”

From cutting industrial emissions to reimagining materials and energy storage, NorthX is proud to back this next generation of BC-based climate ventures and their mission, including:

Carbonyx (UBC): Turning waste and captured CO2 into high-performance industrial mineralsCura Climate (UBC): Cutting cement plant emissions by up to 85 percentGreen Manganese (BCIT): Recovering battery-grade manganese with a clean processNarval Energy (UBC): Developing sodium-based batteries that work in extreme coldPhyCo (SFU): Making compostable bioplastics from seaweed and organic waste

NorthX’s follow-on investment in Mangrove Lithium signals its commitment to supporting B.C. innovators as they scale toward commercial deployment.

To date, NorthX has invested nearly $50 million in 80 projects, creating more than 900 jobs and catalyzing over $475 million in follow-on investment — nearly half a billion dollars in economic activity. Thirty-seven percent of NorthX’s total funding has supported companies spun out of university research programs, which together have attracted over $250 million in co-funding, 82 per cent from the private sector.

Founded in 2021 with an initial investment from the B.C. Government, the Government of Canada, and Shell Canada, NorthX is a catalyst for climate action, funding the climate hard tech solutions that transform industries and build lasting prosperity. Rooted in British Columbia but global in vision, the company unites visionaries, investors, industry, government, and partners to scale technologies that drive deep decarbonization and economic growth for Canada. Like the “X” on a map, NorthX pinpoints that pivotal moment when potential is immense, but capital is scarce, that place where local strengths become global solutions.

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Featured photo credit: NorthX.