Since the 1970s, Alberta has ranked first among Canadian provinces in GDP and income per capita, and only third globally, trailing Ireland and Norway. As Canada’s oil and gas industry headquarters, Alberta holds the nation’s highest concentration of accredited investors (more than twice the national average).
However, with the economic fallout from COVID-19, rising environmental pressures, and Canadian crude falling to an all-time low of less than $5 per barrel in March 2020, investors must look for new ways to protect and grow portfolios over the coming decades. Oil and gas no longer provide the most attractive risk-adjusted returns, with an increasing shift toward industries such as software and technology.
Concurrently, Alberta’s appealing lifestyle, low tax rates, and plentiful grant programs have attracted a flood of technology entrepreneurs. Alberta is now home to Canada’s highest concentration of tech talent, ranks third globally for the development of artificial intelligence, and is expected to lead venture capital funding in Canada over the coming decade.
In response, international investors are taking notice, with several prominent Silicon Valley venture capital firms establishing offices in the province. Meanwhile, many foreign and out-of-province investors desire a trusted and reliable access point to one of North America’s fastest-growing technology hubs.
Enter Allied Venture Partners
As a result of these converging market forces, Allied was created to serve at the nexus of three critical market participants in Western Canada’s technology ecosystem:
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Expand access for local angel investors to high-growth investment opportunities from established VC markets across North America.
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Create a trusted access point for foreign investors seeking global diversification into Canada's fastest-growing technology hub.
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Improve access to outside venture capital, knowledge, and networking opportunities for local entrepreneurs pursuing scale and growth.
Allied cultivates meaningfully differentiated value for Canada's technology ecosystem by providing education and empowerment for angel investors, capital and networking for startup founders, and a credible access point for diversification among foreign investors.
Since 2020, Allied has grown to more than 2,000 investors globally and has deployed over $6 million into early-stage technology startups.
