Evok Innovations

Evok Innovations is a venture capital firm established in 2016, dedicated to investing in transformative technologies that address the challenges of heavy industry and drive significant impact. The firm focuses on hard-tech enabled solutions for foundational industries, aiming to reshape them for a more sustainable future. Evok Innovations combines its team's entrepreneurial and investment experience to support the next generation of energy and industrial innovations.

The firm was founded in 2016 with Suncor and Cenovus as initial partners, with a mission to collaborate with industry to scale energy technologies. In 2022, with the launch of Fund II, Evok expanded its mandate to include critical minerals, bringing in strategic limited partners such as Rio Tinto, Vale, and Mitsubishi. They typically invest in early- to mid-stage companies, specifically Series A and B rounds, across Canada and the USA.

Evok Innovations' portfolio spans several key areas, including Energy, Critical Minerals, Industrial Optimization, and Adaptation & Resilience. Notable investments include companies like Syzygy Plasmonics and Koloma in the energy sector, Disa and Summit Nanotech focusing on critical minerals, and Sanctuary AI and Veerum for industrial optimization. The firm also backs companies like Ebb Carbon and Planetary, which are developing solutions for adaptation and resilience. Evok's portfolio companies have collectively raised over $500 million CAD to scale their technologies.

The team at Evok Innovations comprises technologists, business builders, and climate investors who bring first-hand expertise and guidance throughout the investment lifecycle. They emphasize a hands-on approach, acting as an extension of their portfolio companies' management teams. The firm's mission is to empower entrepreneurs to develop and scale transformative technologies that redefine industries and contribute to meaningful change.