Calgary Startup Connect X Crowned Winner of Startup TNT Cleantech Summit
Calgary, AB–April 3, 2024–Startup TNT, a non-profit focused on capital access for startups, today announced Connect X as its 2024 Cleantech Investment Summit winner.
Connect X topped four other finalists to secure the win, which includes over $200,000 in equity investment. The total amount includes commitments from Startup TNT’s syndicate of qualified angel investors and $50,000 from Startup TNT’s venture capital fund, TNT Capital.
“We are thrilled and honoured to have emerged as the winner of the prestigious Startup TNT Cleantech Summit 2024,” commented Pratik Ghoshal, founder and CEO, Connect X, on the news. “This transformative 9-week journey has not only validated our efforts at Connect X but has also refined our value propositions by leaps and bounds. The invaluable support and encouragement from the investors and mentors at Startup TNT have instilled in us a deep sense of responsibility as we embark on this exciting next chapter of execution, validation and commercialization. With the meaningful investment secured, we are eager to further refine our technology, expand our team, and execute our pilot with confidence, driving impactful change in the cleantech industry globally, as a proud Canadian and Albertan company.”
Connect X leverages technology to modernize aging electricity grids, ultimately leading to savings of energy usage and managed demands, and therefore decreasing energy costs with reliable electricity.
The other four finalists were Aqua-Cell Energy, C02 Brew, Ena Solution, and MissionNet.
“Once again, this year’s Startup TNT Cleantech Summit showcased companies that are fueling the next wave of sustainability through climate-tech innovation,” said Zack Storms, co-founder of Startup TNT. “Congratulations to everyone, including the founders who took part, as well as the investors and partners who made this year’s program possible. It’s clear that cleantech innovation is thriving across the Prairies.”
The Cleantech Investment Summit is a platform for cleantech entrepreneurs and innovators seeking seed-stage funding. This Summit allows them to receive seed funding for their idea or business and network with investors and professionals from the startup and the cleantech ecosystem. Across four cleantech summits, Startup TNT has invested more than $1.8M into 12 different startups.
Startup TNT also facilitates both an agri-food and a life sciences Investment Summit concurrent with this Cleantech Summit. Following the completion of these 2024 Sector Summits, Startup TNT has now raised over $13 million in seed-stage capital for 90+ companies across Western Canada.
Summit IX Applications Open
Startup TNT is now accepting applications for its Spring Summit IX which aims to raise $1M for Prairie-based startups across all industry verticals. Four unique Summit streams will be held for startup companies located in Edmonton (Northern Alberta), Calgary (Southern Alberta), Saskatchewan (Provincial), and Manitoba (Provincial). The deadline for companies to apply is April 15, 2024. The investor kick-off is April 24, 2024. Learn more at startuptnt.com/summit-ix
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Media contact:
William Johnson
Startup TNT
will@startuptnt.com
604.619.4163
About Startup TNT
Startup TNT is the most active pre-seed and seed stage investor in Western Canada (CVCA, 2023). We are a community of entrepreneurs, scientists, investors, innovators, and startup supporters that gather every week to have fun, share stories, and build great companies. With 90+ investments into companies that are 40% women-led and 25% BIPOC-led, we have one of the most diverse portfolios in the country. Co-investors on TNT deals include Panache Ventures, Hustle Fund, BDC Capital, Y Combinator and Thin Air Labs. TNT Capital, our $5M fund, invests in companies across Western Canada through our Investment Summits. Learn more at StartupTNT.com.
