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I nvestor Profile Report THE WESTIN, CALGARY March 1 & 2, 2017 PRESENTED BY

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Page 1: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Investor Profile Report

THE WESTIN, CALGARYMarch 1 & 2, 2017

PRESENTED BY

Page 2: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Glossary Business Description: A description of the firm’s primary type, preferences and location. PitchBook is an impartial information provider and will remove promotional language.

Assets under management (AUM): The amount of money that the investor manages for clients based on number of currently-managed funds.

Active private equity investments: The number of active companies in the investor’s current portfolio identified by PitchBook in the last five years. This includes add-on transactions.

Total private equity investments: The total number of companies in the investor’s portfolio, identified by PitchBook in the last five years. This includes add-on transactions.

Target EBITDA: Preferred EDITDA range targeted for investment.

Target revenue: Preferred revenue range targeted for investment.

Preferred investment amount: Preferred investment amount range that the firm typically invests in a transaction.

Recently closed investments: The top five recent investments or transactions serviced identified by PitchBook.

Most recent closed fund (Type, Size, Vintage): The most recently closed fund (The fund is no longer in a fundraising state and is not accepting additional commitments) identified by PitchBook. Evergreen funds are not included.

All investments by industry: Graph of transactions by industry, represented in the PitchBook Platform. This breakdown is based on primary industries of the portfolio/serviced companies.

Specific to Lender Profiles Total debt financings: The number of entities identified by PitchBook that received debt financing from the firm in the last five years.

Target debt financing amount: Preferred amount of debt typically provided by the firm in a transaction.

Specific to Service Provider Profiles Total transactions: The number of transactions identified by PitchBook that the firm has provided service on in the last five years.

Total companies serviced: The number of unique companies the firm has provided service to in the last five years, identified by PitchBook.

Total investors serviced: The number of unique investors identified by PitchBook that the firm has provided service to in the last five years.

Target EBITDA: The EBITDA range for buy-side and sell-side target companies.

Target transaction amount: The transaction amount range for buy-side and sell-side companies.

Disclaimer: This information is currently published in the PitchBook Platform or was provided by the firm for this conference.

Page 3: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

3M Canada Company

Alberta Enterprise Corporation

Altira Group

BASF Venture Capital

BDC Industrial, Clean and Energy

Technology Venture Fund

BP Ventures

Cenovus Energy

Chrysalix Venture Capital

ConocoPhillips

Darcy Partners

Devon Canada

Emerald Technology Ventures

Energy Ventures

EnerTech Capital

Espresso Capital

Evok Innovations

Export Development Canada

GE Ventures

Imaginea Energy

Kensington Capital Partners

Kinetica Ventures

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

LUX Research

McKinsey & Co.

McRock Capital

MEG Energy

Mithril Capital Management

Saudi Aramco Energy Ventures

Schlumberger Technology

Investments

Shell Technology Ventures

SURGE Ventures

Sustainable Development

Technology Canada

Unconventional Capital

24

25

26

27

28

29

30

31

32

33

34

Page 4: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

3M Investor type: Corporation | Year founded: 1902

3M Company, formerly known as the Minnesota Mining and Manufacturing Company is an American multinational conglomerate corporation based in Maplewood, Minnesota. The company is a developer of technology platforms, including adhesives, abrasives, light management, microreplication, non-woven materials, nanotechnology and surface modification. The company has over 35 units, organized into the consumer and office, display and graphics, communications, healthcare, industrial and transportation, safety and security and protection services businesses. The company seeks to acquire businesses through mergers, acquisitions and investments which would help the firm expand and pursue adjacent market opportunities and to build new platforms for future growth.

Contact

3M Center

2501 Hudson Road

Maplewood, MN 55144

United States

+1 (888) 364-3577

Primary contact

Scott Mikalachki Innovation Discovery Leader [email protected]

General statistics

Active private equity investments Total private equity investments

2 58 Recently closed investments

Name Deal type Deal date

Semfinder Merger/Acquisition Sep-2016

StrongArm Technologies Early Stage VC (Series A) Aug-2016

Polypore International (Separations Media Business) Merger/Acquisition Aug-2015

Capital Safety Group Merger/Acquisition Aug-2015

Incavas Industria de Cabos e Vassouras Merger/Acquisition Mar-2015

All investments by industry

39.0%15.6%

1.3%19.5%

15.6%9.1%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

3

Page 5: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Alberta Enterprise Investor type: Fund of Funds | Year founded: 2008

Alberta Enterprise Corporation promotes the development of Alberta’s venture capital industry by investing in venture capital funds that finance early stage technology companies. The firm focuses on funds that have a strong commitment to Alberta – including a full-time presence in the province. In addition to capital, the firm works to support Alberta’s venture capital ecosystem by connecting investors, entrepreneurs, and technology executives. Since its inception the firm has committed $125 million to ten VC funds and the Accelerate Funds, covering a diverse range of forward-looking industries including clean and energy technologies, information and communications technologies, life sciences, and agriculture and food.

Contact

10088 102 Ave

Suite 1405

Edmonton, Alberta T5J 2Z2

Canada

+1 (587) 402-6001

Primary contact

Kristina Williams President & Chief Executive Officer [email protected]

+1 (587) 402-6601

4

Page 6: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Altira Group Investor type: Venture Capital | Year founded: 1996

Altira Group is a Denver, Colorado-based investor making investments in advantaged oil and gas service and technology companies at the venture or growth equity stage. In its latest fund, Altira Fund VI, the firm has partnered with a select group of U.S. oil and gas producers that serve as large prospective customers for its portfolio companies.

Contact

1675 Broadway

Suite 2400

Denver, CO 80202

United States

+1 (303) 592-5500

Primary contact

J.P. Bauman Principal [email protected]

General statistics

Assets under management

Active private equity investments

Total private equity investments

Target revenue

Preferred Investment amount

$150M 4 52 $5-10M $5-25M

Recently closed investments

Name Deal type Deal date

Infrastructure Networks Later Stage VC (Series C) Nov-2016

Infrastructure Networks Later Stage VC (Series B) Sep-2015

FlexGen Power Systems Later Stage VC (Series A) Jul-2015

Most recent closed fund

Altira Technology Fund VI L.P.

Type: Venture Capital

Size: $122M

Vintage: 2014

All investments by industry

100.0%Energy

5

Page 7: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

BASF Venture Capital Investor type: Corporate Venture Capital | Year founded: 2001

BASF Venture Capital is the venture capital arm of BASF Group that seeks to invest in startup companies. The firm typically invests in the broader chemicals and advanced materials space, chemicals, plastics, plant and industrial biotechnology, agricultural solutions, nanotechnology, and oil and gas. The firm was founded in 2001 and is headquartered in Ludwigshafen, Germany.

Contact

46820 Fremont Boulevard

Fremont, CA 46820

United States

Primary contact

Bjorn Heinz Investment Manager [email protected]

General statistics

Active private equity investments Total private equity investments Preferred Investment amount

18 35 $1M-$5M

Recently closed investments

Name Deal type Deal date

Heliatek Later Stage VC (Series D) Sep-2016

SmartKem Early Stage VC (Series A) Jun-2016

EnerG2 Buyout/LBO Jun-2016

QD Vision Later Stage VC Nov-2015

SDCmaterials Later Stage VC (Series D) Jul-2015

All investments by industry

23.1%9.6%

15.4%7.7%

17.3%26.9%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

6

Page 8: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

BDC Industrial, Clean and Energy Tech Venture Fund Investor type: Venture Capital | Year founded: 2001

BDC Industrial, Clean and Energy Technology Venture Fund is a venture capital fund which specializes in seed, early stage and later stage investments. It prefers to invest in the energy, technology and industrial sectors. The fund was founded in 2001 and is based in Montreal, Quebec.

Contact

5 Place Ville Marie

Suite 400

Montreal, Quebec H3B 5E7

Canada

+1 (877) 232-2269

Primary contact

Mark Trevitt Associate Director [email protected]

+1 (604) 666-7055

General statistics

Assets under management Active private equity investments Total private equity investments

$152M 20 28

Recently closed investments

Name Deal type Deal date

DarkVision Early Stage VC (Series A) Sep-2016

IRYStec Software Early Stage VC (Series A) Aug-2016

Bit Stew Systems Later Stage VC (Series C) Apr-2016

Librestream Later Stage VC Mar-2016

Salesfloor Seed Round Feb-2016

Most recent closed fund

BDC Industrial, Clean & Energy Technology Venture Fund II

Type: Venture Capital

Size: $135M

All investments by industry

11.4%8.6%

25.7%2.9%

48.6%2.9%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

7

Page 9: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

BP Ventures Investor type: Corporate Venture Capital | Year founded: 2006

BP Ventures is the corporate venture arm of BP. The firm seeks to invest in the disruptive technologies for oil and gas exploration and production and downstream conversion processes. BP Ventures also partners with entrepreneurial companies specializing in biotech, water, advanced materials, and digital technology. It was founded in 2006.

Contact

501 Westlake Park Boulevard

Houston, Texas 77079

United States

Primary contact

Luis Alcoser Venture Technology Manager [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$250M 22 32 $1M-$10M

Recently closed investments

Name Deal type Deal date

BiSN Early Stage VC (Series B2) Dec-2016

Solidia Technologies Later Stage VC (Series C1) Nov-2016

Fulcrum BioEnergy Later Stage VC (Series D2) Nov-2016

XACT DownholeTelemetry Later Stage VC Jun-2016

Advanced Biocatalytics Later Stage VC May-2016

All investments by industry

26.0%2.0%

36.0%8.0%

10.0%18.0%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

8

Page 10: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Cenovus Energy Investor type: Corporation | Year founded: 2009

Cenovus Energy Inc. is a Canadian integrated oil company. Operations include oil sands projects in northern Alberta which use specialized methods to drill and pump the oil to the surface and established natural gas and oil production in Alberta and Saskatchewan. The company also has 50% ownership in two U.S. refineries.

Contact

500 Centre Street South East

P.O. Box 766

Calgary, Alberta T2P 0M5

Canada

+1 (403) 766-2000

Primary contact

Anamika Mukherjee Specialist, Technology Collaboration [email protected]

General statistics

Active private equity investments Total private equity investments

3 6

Recently closed investments

Name Deal type Deal date

Canexus (Bruderheim Facility) Corporate Asset Purchase Aug-2015

General Fusion Later Stage VC (Series 1) May-2015

Skyonic Later Stage VC (Series C) May-2014

General Fusion Later Stage VC (Series E1) Feb-2014

General Fusion Later Stage VC (Series C) Jul-2013

Most recent closed fund

Environmental Opportunity Fund

Type: Energy - Oil & Gas

All investments by industry

50.0%37.5%

12.5%

Business Products and Services (B2B)

Energy

Materials and Resources

9

Page 11: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Chrysalix Venture Capital Investor type: Venture Capital | Year founded: 2001

Chrysalix Venture Capital is a venture capital firm that invests in industrial innovations including carbon capture, nuclear fusion, 3D printing, robotics, smart mining and solar steam generators. Chrysalix provides early stage financing, hands-on support and strategic connections to game-changing robotics and automation companies. It was founded in 2001 and is based in Vancouver, Canada.

Contact

1055 West Georgia Street

Suite 2480

Vancouver, BC V6E 3P3

Canada

+1 (604) 659-5499

Primary contact

Michael Sherman Managing Partner [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments

$250M 16 29

Recently closed investments

Name Deal type Deal date

Axine Water Technologies Later Stage VC (Series B) Aug-2016

MineSense Technologies Early Stage VC (Series B) Feb-2016

Primus Power Later Stage VC (Series D1) Jul-2015

General Fusion Later Stage VC (Series 1) May-2015

ENBALA Power Networks Later Stage VC Mar-2015

Most recent closed fund

Chrysalix China Cleantech Fund

Type: Energy -

Alternative/Renewable

All investments by industry

31.7%14.6%

36.6%12.2%

4.9%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Information Technology

Materials and Resources

10

Page 12: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

ConocoPhillips Investor type: Corporation | Year founded: 2001

ConocoPhillips is an oil and energy company that specializes in finding, transporting, marketing and producing crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The company was founded in 2001 and is headquartered in Houston, United States. It tends to acquire companies in the same line of businesses which will help it to generate revenue and also expand. It also plans to boost its gas reserves and become a leader in its segment through acquisitions.

Contact

600 North Dairy Ashford

P.O. Box 2197

Houston, TX 77079-1175

United States

+1 (281) 293-1000

Primary contact

Kate Easton Technology & Optimization Manager [email protected]

General statistics

Active private equity investments Total private equity investments

9 28 Recently closed investments

Name Deal type Deal date

Empresa Nacional Del Petroleo Secondary Transaction - Private Jun-2016

Block 36 (Angola) Corporate Asset Purchase Aug-2015

Central Area Transmission System Buyout/LBO Jun-2014

Merey Sweeny Merger/Acquisition Jan-2014

Conocophillips Alaska (Beluga River Gas Field) Corporate Asset Purchase Jan-2014

All investments by industry

34.3%57.1%

2.9%2.9%2.9%

Business Products and Services (B2B)

Energy

Financial Services

Information Technology

Materials and Resources

11

Page 13: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Darcy Partners Service Provider type: Advisory | Year founded: 2015

Darcy Partners is a provider of research and consulting services intended to provide quicker technology validation for oil and gas industry. The company offers various services such as researching, validation, scouting, sourcing, evaluation and high-grading of nascent technologies enabling oil and gas industry or a single or a consortium of companies to work on unresearched areas of their technology and develop innovative concepts to utilize them.

Contact

Wedge International Tower

1415 Louisiana Street

Suite 2700

Houston, Texas 77002

United States

Primary contact

Jeremy Sweek Partner [email protected]

12

Page 14: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Devon Canada Investor type: Accelerator/Incubator | Year founded: 2015

Devon Energy Corporation is an independent oil and natural gas exploration and production company. Devon's operations are focused onshore in the United States and Canada.

Contact

333 West Sheridan Avenue

Oklahoma City, OK 73102

United States

Primary contact

Bryan Helfenbaum Manager, Technology & New Ventures [email protected]

13

Page 15: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Emerald Technology Ventures Investor type: Venture Capital | Year founded: 2000

Emerald Technology Ventures is a cleantech venture capital firm with a focus in industrial technology investments. It seeks to invest in wide range of sectors including advanced materials, agriculture, energy, industrial IT and water. The firm was founded in 2000 and is based in Zurich, Switzerland.

Contact

Seefeldstrasse 215

Zurich, 8008

Switzerland

+41 (0)44 269 6100

Primary contact

Charles Vaslet Partner [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$398M 19 52 $1M-$12M

Recently closed investments

Name Deal type Deal date

Powerhouse Dynamics Later Stage VC Jan-2017

Visedo Later Stage VC Dec-2016

SecurityMatters Later Stage VC Sep-2016

Librestream Later Stage VC Mar-2016

MetGen Later Stage VC Feb-2016

Elcore Early Stage VC Dec-2015

Most recent closed fund

Emerald Industrial Innovation

Fund Type: Venture Capital

Vintage: 2016

All investments by industry

34.7%5.6%

23.6%2.8%

25.0%8.3%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

14

Page 16: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Energy Ventures Investor type: Venture Capital | Year founded: 2002

Energy Ventures is an independent private equity firm and venture capital firm actively seeking early to mid-stage growth investments in companies that deliver a proprietary product or service with potential in the upstream oil and gas sector.

Contact

10777 Westheimer

Suite 1175

Houston, Texas 77042

United States

Primary contact

Matt Anstead Investment Director [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$775M 22 53 $5M-$50M

Recently closed investments

Name Deal type Deal date

Wireless Seismic Later Stage VC Feb-2016

Douglas-Westwood Buyout/LBO (Add-on) Dec-2015

Richmond Energy Partners Buyout/LBO (Add-on) Oct-2015

WellConnection Subsea Buyout/LBO Sep-2015

Framo Buyout/LBO (Add-on) Sep-2015

Most recent closed fund

Energy Ventures IV

Type: Venture Capital

Size: $350M

Vintage: 2011

All investments by industry

40.8%42.3%

15.5%1.4%

Business Products and Services (B2B)

Energy

Information Technology

Materials and Resources

15

Page 17: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

EnerTech Capital Investor type: Venture Capital | Year founded: 1996

EnerTech Capital is a private investment firm that focuses on early to mid growth stage companies operating in the energy and power industries that offer products or services that improve the profitability of producing or consuming energy. Founded in 1996, the firm is currently investing out if it's fourth fund and has Canadian offices located in Toronto, Montreal, Calgary and United States offices in Philadelphia and San Francisco.

Contact

1235 Bay Street

Suite 801

Toronto, Ontario M5R 3K4

Canada

Primary contact

Wally Hunter Managing Director [email protected]

+1 (416) 363-8563

Chris Buckman Vice President [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$207M 21 54 $2M-$10M

Recently closed investments

Name Deal type Deal date

Blue Pillar Later Stage VC Dec-2016

EnergySavvy Later Stage VC (Series D) Oct-2016

Power Survey Early Stage VC Jan-2016

N-Dimension Solutions Early Stage VC (Series B) Sep-2015

ENBALA Power Networks Later Stage VC Mar-2015

Most recent closed fund

EnerTech Capital Partners IV

Type: Venture Capital

Size: $119M

Vintage: 2013

All investments by industry

31.1%1.4%

27.0%37.8%

2.7%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Information Technology

Materials and Resources

16

Page 18: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Espresso Capital Partners Service provider type: Lender | Year founded: 2009

Espresso Capital is a leading provider of venture debt to Canadian technology companies. Since 2009, Espresso has provided working capital, sales expansion financing and bridge financing to over 200 companies. Espresso's team of experienced professionals understand the unique financing requirements of technology-based companies, and are committed to providing fast, fairly priced and user-friendly risk capital to support their growth objectives.

Contact

322 King Street West

Suite 403

Toronto, Ontario M5V 1J2

Canada

Primary contact

Caterina Papadakos Managing Director [email protected]

+1 (416) 308-6102

Recent debt financings

Name Deal type Deal date Deal location

Recon Instruments Debt - General Jun-2015 Vancouver, Canada

INETCO Systems Debt - General Jan-2014 Burnaby, Canada

FundRazr Debt - General Jan-2014 Vancouver, Canada

Recon Instruments Debt - General Jan-2014 Vancouver, Canada

Tagga Media Debt - General Jan-2014 Vancouver, Canada

Most recent fund

Espresso Capital Partners Investment Fund V

Type: Venture Debt

Size: $8M

Vintage: 2016

All debt financings by industry

43.3%

14.4%

4.9%

4.9%

4.6%

1.1%

26.8%

Enterprise Software/SaaS

Digital Media & Gaming

CleanTech

Consumer Software & SaaS

Life Science

Energy

Other Technology

17

Page 19: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Evok Innovations Investor type: Other | Year founded: 2015

Evok Innovations is a cleantech fund that accelerates the development and commercialization of solutions to the most pressing environmental and economic challenges facing the oil and gas sector today. The firm aims to protect the environment and strengthen the economy by investing in the commercialization of clean technology.

Contact

200 - 560 Beatty Street

Vancouver, British Columbia V6B 2L3

Canada

Primary contact

Marty Reed Chief Executive Officer [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments

$100M 6 6

Recently closed investments

Name Deal type Deal date

Kelvin Early Stage VC (Series A) Dec-2016

Opus 12 Early Stage VC (Series A) Nov-2016

Metabolik Technologies Early Stage VC (Seed series) Sep-2016

Rotoliptic Technologies Early Stage VC (Series A) Sep-2016

DarkVision Early Stage VC (Series A) Sep-2016

Mosaic Materials Early Stage VC (Series A) Sep-2016

All investments by industry

33.3%33.3%33.3%

Business Products and Services (B2B)

Energy

Materials and Resources

18

Page 20: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Export Development Canada Investor type: Other | Year founded: 1944

Export Development Canada is Canada’s export credit agency. They provide insurance and financial services, bonding products and small business solutions to Canadian exporters and investors and their international buyers. They also support Canadian direct investment abroad and investment into Canada. The firm was founded in 1944 and is headquartered in Ottawa, Canada.

Contact

150 Slater Street

Ottawa, Ontario K1A 1K3

Canada

+1 (613) 598-2500

Primary contact

Georges Nasr Investment Manager [email protected]

General statistics

Active private equity investments Total private equity investments

38 38 Recently closed investments

Name Deal type Deal date

Encycle Later Stage VC (Series A) Dec-2016

Zighra Seed Round Nov-2016

Decisive Farming Later Stage VC (Series A) Oct-2016

All investments by industry

10.1%

2.4%

26.3%

24.9%

34.3%

1.9%

Clean Tech

Extractive Industries

Information & Communications Technologies

Infrastructure and Environment

Light Manufacturing

Resources

19

Page 21: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

GE Ventures Investor type: Corporate Venture Capital | Year founded: 2013

GE Ventures is a corporate venture arm of General Electric. The firm focuses on the software and analytics, healthcare, energy and advanced manufacturing sectors. It invests in early to mid as well as late stage companies. The firm was founded in 2013 and is headquartered in Menlo Park, California.

Contact

2882 Sand Hill Road

Suite 240

Menlo Park, CA 94025

United States

+1 (650) 233-3900

Primary contact

Ricardo Angel Managing Director, Energy Ventures [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments

$250M 106 138

Recently closed investments

Name Deal type Deal date

Xometry Later Stage VC Feb-2017

Arcadia Healthcare Solutions PE Growth/Expansion Jan-2017

Rethink Robotics Later Stage VC (Series E) Jan-2017

Sarcos Later Stage VC (Series A) Jan-2017

KWantera Later Stage VC Dec-2016

Most recent closed fund

GE Healthymagination Fund

Type: Venture Capital

Size: $250M

Vintage: 2009

All investments by industry

19.3%2.2%

16.6%19.9%

40.3%1.7%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

Materials and Resources

20

Page 22: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Imaginea Energy Investor type: PE-Backed Company

Developer of oil and gas products in Canada. The company operates as a veteran of Canada's oil patch building and selling oil and gas companies.

Contact

Jamieson Place 2621 308

4th Ave SW

Calgary, Alberta T2P 0H7

Canada

Primary contact

Suzanne West President & Chief Executive Officer [email protected]

21

Page 23: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Kensington Capital Partners Investor type: PE/Buyout | Year founded: 1996

Kensington Capital Partners is an investment firm that does private equity, hedge funds, infrastructure, venture capital and BC tech fund with specialization in seed, early stage, later stage, mezzanine, buyout and growth capital investments. The firm prefers to invest in companies based in Canada, Latin America, Africa and developing South Asian countries. It seeks to invest in the energy, information technology, digital media, telecommunications and internet sectors. The firm was founded in 1996 and is based in Toronto, Canada with additional offices in Calgary, Canada and Montreal, Canada.

Contact

95 Saint Clair Avenue West

Suite 905

Toronto, Ontario M4V 1N6

Canada

+1 (416) 362-9000

Primary contact

Michelle Scarborough Senior Vice President [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$940M 24 50 $5M

Recently closed investments

Name Deal type Deal date

Mojio Early Stage VC (Series A) Dec-2016

Hubba Early Stage VC (Series B) Dec-2016

TouchBistro Later Stage VC (Series B) Oct-2016

White Swan Environmental PE Growth/Expansion Jun-2016

Q4 Later Stage VC (Series B) May-2016

Most recent closed fund

BC Tech Fund

Type: Venture Capital

Size: $76M

Vintage: 2016

All investments by industry

31.7%19.0%

6.3%3.2%

1.6%34.9%

3.2%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Financial Services

Healthcare

Information Technology

Materials and Resources

22

Page 24: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Kinetica Ventures Investor type: Accelerator/Incubator | Year founded: 2015

Kinetica Ventures is an accelerating firm based in Calgary, Canada. Kinetica Ventures works closely with energy industry partners to identify and prioritize innovation opportunities, and find solutions for these opportunities.

Contact

3553 31 Street North West

Calgary, Alberta T2L 2K7

Canada

+1 (403) 284-6400

Primary contact

Carrie Fanai Market Analyst & Technology Scout [email protected]

23

Page 25: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Lux Research Investor type: VC-Backed Company | Year founded: 2004

Lux Research provides market intelligence and strategic advice for energy, cleantech, and science-driven innovation. The company is a research and advisory firm providing strategic advice and ongoing intelligence for emerging technologies.

Contact

100 Franklin Street

8th Floor

Boston, MA 02110

United States

+1 (617) 502-5300

Primary contact

Colleen Kennedy Lead Analyst [email protected]

24

Page 26: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

McKinsey & Company Investor type: Limited Partner

McKinsey & Company is a worldwide management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an advisor to the world’s leading businesses, governments, and institutions. It is widely recognized as a leader and one of the most prestigious firms in the management consulting industry.

Contact

55 East 52nd Street

21st Floor

New York, NY 10022

United States

+1 (212) 446-7000

Primary contact

Jason Green Partner [email protected]

General statistics

Active private equity investments Total private equity investments

3 12 Recently closed investments

Name Deal type Deal date

Veryday Merger/Acquisition Nov-2016

PriceMetrix Merger/Acquisition Sep-2016

QuantumBlack Visual Analytics Merger/Acquisition Dec-2015

Lunar Design Merger/Acquisition May-2015

Earn'd it Grant Nov-2014

All investments by industry

43.8%50.0%

6.3%

Business Products and Services (B2B)

Information Technology

Materials and Resources

25

Page 27: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

McRock Capital Investor type: Venture Capital | Year founded: 2012

McRock Capital is a venture capital firm which focuses exclusively on the Industrial Internet of Things. The firm is based in Toronto, Canada and was founded in 2012. It invests across Canada and the United States in grid automation, digital oilfield, advanced manufacturing and smart city markets.

Contact

147 Liberty Street

Toronto, Ontario M6K 3G3

Canada

+1 (647) 478-9337

Primary contact

Jeremy Gilman Principal [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments Preferred Investment amount

$70M 5 5 $3M-$5M

Recently closed investments

Name Deal type Deal date

Decisive Farming Later Stage VC (Series A) Oct-2016

Serious Integrated Later Stage VC (Series A) Aug-2016

Invixium Early Stage VC (Series A) Oct-2015

mnubo Early Stage VC (Series B) May-2015

RtTech Software Early Stage VC (Series A) Feb-2015

Most recent closed fund

McRock iNFund

Type: Venture Capital

Size: $70M

Vintage: 2015

All investments by industry

83.3%16.7%

Information Technology

Materials and Resources

26

Page 28: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

MEG Energy Investor type: Corporation | Year founded: 1999

Developer of oil sands in the regions of Alberta, Canada. The company is focused on oil sands development in the southern Athabasca oil sands region of Alberta, Canada. It is principally engaged in exploration and production of crude oil.

Contact

520 3rd Avenue SW

8th Floor

Calgary, Alberta T2P 0R3

Canada

+1 (403) 770-0446

Primary contact

Tom Corscadden Vice President, Marketing Engineering & Operations [email protected]

27

Page 29: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Mithril Capital Management Investor type: Venture Capital | Year founded: 2012

Mithril Capital Management is a venture capital firm which seeks to invest in growth equity and late stage privately-held companies in a variety of sectors and across geographies. The firm was established in 2012 and is based in San Francisco, California.

Contact

1 Letterman Drive

Building A, Suite 4900

San Francisco, CA 94129

United States

+1 (415) 659-8940

Primary contact

Crystal McKellar Managing Director & General Counsel [email protected]

General statistics

Assets under management Active private equity investments Total private equity investments

$1.4B 15 16

Recently closed investments

Name Deal type Deal date

Classy Later Stage VC (Series C) Nov-2016

Avitide Later Stage VC (Series D) Sep-2016

Spaceflight Industries Later Stage VC (Series B) Jun-2016

Performance Horizon Later Stage VC (Series C) Jun-2016

Stem Later Stage VC (Series C) May-2016

Most recent closed fund

Mithril II

Type: Venture Capital

Size: $850M

Vintage: 2017

All investments by industry

15.0%5.0%

10.0%20.0%

50.0%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Healthcare

Information Technology

28

Page 30: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Saudi Aramco Energy Ventures Investor type: Corporate Venture Capital | Year founded: 2012

Saudi Aramco Energy Ventures is the corporate venture capital arm of Saudi Aramco and is based in Dhahran, Saudi Arabia which invests globally in start-ups and high growth companies with technologies of importance to its parent, Saudi Aramco. The firm focuses on investing in upstream and downstream oil and gas, petrochemicals, renewables, energy efficiency and water sectors. SAEV was established in 2012 and is headquartered in Dhahran, Saudi Arabia with additional offices in North America, Europe and Asia.

Contact

Al-Midra Tower

East Wing

Dhahran, 31311

Saudi Arabia

Primary contact

Johanna Schmidtke Investment Director [email protected]

General statistics

Active private equity investments Total private equity investments Preferred Investment amount

21 21 $1M-$30M

Recently closed investments

Name Deal type Deal date

CannSeal Later Stage VC Oct-2016

Airborne Oil & Gas PE Growth/Expansion Oct-2016

Geomec Later Stage VC Aug-2016

Zahroof Valves Later Stage VC (Series C) Jul-2016

Comitt Well Solutions Early Stage VC Jul-2016

All investments by industry

25.8%41.9%

19.4%12.9%

Business Products and Services (B2B)

Energy

Information Technology

Materials and Resources

29

Page 31: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Schlumberger Technology Investments Investor type: Venture Capital | Year founded: 2008

Schlumberger Technology Investments is the investment arm of Schlumberger. The former is a technology based venture capital firm that seeks to invest in the early stage companies. The firm prefers to invest in the electronics, advanced materials, energy, clean-tech, robotics and automation, manufacturing and industrial sectors.

Contact

5599 San Felipe

Houston

Texas 77056

United States

Primary contact

Iain Cooper Manager Corporate Venturing [email protected]

+1 (713) 375-3471

General statistics

Active private equity investments Total private equity investments Preferred Investment amount

19 23 $1M-$10M

Recently closed investments

Name Deal type Deal date

Sarcos Early Stage VC (Series A) Dec-2016

Kite Power Systems Early Stage VC (Series A) Dec-2016

BiSN Early Stage VC (Series B2) Dec-2016

Parsable Early Stage VC (Series B) Jun-2016

Alphabet Energy Early Stage VC (Series C) Jun-2016

GHGSat Early Stage VC (Series A) May-2016

Houston Mechatronics Early Stage VC (Series A) Aug-2015

908 Devices Early Stage VC (Series C) May-2015

All investments by industry

26.7%20.0%

46.7%6.7%

Business Products and Services (B2B)

Energy

Information Technology

Materials and Resources

30

Page 32: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Shell Technology Ventures Investor type: Corporate Venture Capital | Year founded: 1998

Shell Technology Ventures is the corporate venture capital arm of Shell Oil Company. The firm seeks to invest in early stage startup, growth and mid stage companies across all aspects of the energy industry regardless of stage of development. The firm was established in 1998 and is headquartered in The Hague, Netherlands.

Contact

910 Louisiana Street

5th Floor

Houston, Texas 77002

United States

Primary contact

Tyler Williams Technology Venturing Manager [email protected]

General statistics

Active private equity investments Total private equity investments

12 16

Recently closed investments

Name Deal type Deal date

Sense (Home Energy Management) Early Stage VC (Series A) Jan-2017

Kite Power Solutions Early Stage VC Dec-2016

Rocsole Early Stage VC Dec-2016

Growing Energy Labs Early Stage VC (Series A) Jul-2016

Maana Early Stage VC (Series B) May-2016

Most recent closed fund

Shell Technology Ventures Fund II

Type: Venture Capital

Vintage: 2012

All investments by industry

26.3%52.6%

5.3%15.8%

Business Products and Services (B2B)

Energy

Financial Services

Information Technology

31

Page 33: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Surge Ventures Investor type: Venture Capital | Year founded: 2011

SURGE Ventures was a seed stage venture fund and mentor-driven accelerator based in Houston, Texas. The firm invested in early stage companies operating in the energy sector. It was founded in 2011.

Contact

177 West Gray Street

Houston, TX 77019

United States

Primary contact

Kirk Coburn

Founder & Managing Director

[email protected]

General statistics

Active private equity investments Total private equity investments

38 46 Recently closed investments

Name Deal type Deal date

Infinite Composites Technologies Early Stage VC Jun-2015

Hyliion Early Stage VC Apr-2015

ExpertKnowledge Accelerator/Incubator Feb-2015

CleanNG Accelerator/Incubator Feb-2015

Gnosys Global Accelerator/Incubator Feb-2015

All investments by industry

25.0%4.7%

17.2%53.1%

Business Products and Services (B2B)

Consumer Products and Services (B2C)

Energy

Information Technology

32

Page 34: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Sustainable Development Technology Canada Investor type: Government of Canada Funding

Sustainable Development Technology Canada (SDTC) is a not-for-profit foundation that funds development and demonstration projects focusing on clean technologies. The organization is based in Ottawa, Ontario and has multiple offices across Canada.

Contact

45 O'Connor Street

Suite 1850

Ottawa, Ontario K1P 1A4

Canada

+1 (613) 234-6313

Primary contact

Heather Campbell Regional Director, Partnerships [email protected]

General statistics

Assets under management Total portfolio projects

$938M 324 Recently closed investments Name Deal type Deal date

Hatch Grant Jun-2016

Opus One Solutions Energy Grant Jun-2016

Farmers Edge Grant Jun-2016

Hydrostor Grant Jun-2016

Advonex International Grant Jun-2016

Quantiam Technologies Grant Jun-2015

Cellufuel Inc Grant Jun-2015

Comet Biorefining Grant Jun-2015

Syscor Controls & Automation Inc Grant Jan-2015

General Fusion Grant Jun-2015

May-Ruben Thermal Solutions Grant Jun-2015

FORGE-Sombra Corporation Grant Jun-2015

Nsolv Corporation Grant Jun-2015

Smart Pipe Company Canada Grant Jun-2015

33

Page 35: Investor Profile Report - PitchBook · the PitchBook Platform. This breakdown is based on primary industries of the portfolio /serviced companies. Specific to Lender Profiles Total

Data sourced from the PitchBook Platform, the financial information technology trusted by leading investors, companies and advisors.

Unconventional Capital Investor type: Early Stage | Year founded: 2015

Unconventional Capital is partnered with a leading oilfield services-focused private equity firm to build an integrated digital oilfield solutions provider through acquisitions and organic re-investment. It provides strategic, financial, operational and technical resources to help teams develop bigger visions of how to apply digital solutions to enhance customer operations.

Contact

2003 Vermont Street

Houston, TX 77019

United States

Primary contact

Alexander Robart Co-Founder & Managing Director [email protected]

34