Metiquity is excited to announce the closing of its equity investment in Calgary and Halifax-based Arolytics and its oversubscribed $700,000 seed funding round.
Arolytics has developed a software platform to help clients track and disclose greenhouse gas emissions performance while leveraging data to optimize emission reduction opportunities. Arolytics’ platform provides reliable and consistent reporting to management, regulators and investors. It also empowers clients to optimize long-term business sustainability by finding a balance between a responsibility to mitigate climate risks and a need to drive competitive and sustainable returns to shareholders.
“Metiquity is thrilled to partner with Liz, Emmy and the team at Arolytics. They have already achieved strong early traction with leaders in the energy industry. With new methane regulations, increasing ESG pressure, and rapidly growing global investment industry demands for better climate risk disclosures, we believe Arolytics is well positioned to be a leader in helping oil and gas firms meet their emissions disclosure and reduction targets.” – Bryan Slauko, Managing Partner at Metiquity Ventures.
Metiquity is also proud to have partnered with M-Tech Innovations and Startup TNT in providing the early-stage funding that will unlock Arolytics’ growth potential. “Continued growth of our ecosystem will not happen without more support from investors who are willing to invest in the early-stage funding gap faced by so many founders. M-Tech and Startup TNT are great partners who understand the need to work together to mobilize capital into this gap.”
Based in Calgary, Alberta, Metiquity Ventures is an early-stage growth equity fund formed to unlock growth potential for innovative founders on-the-cusp of growth and pioneering investors who invest alongside them.
With proprietary algorithms and emissions modelling, Arolytics has developed AROviz, a SaaS platform that optimizes energy sector emissions management while unlocking significant cost savings. Aggregating data from any sensor or source, the platform manages greenhouse gas emissions for compliance, disclosure, and ESG purposes, equipping everyone from the field to the board with readily available and verified emissions information. Formed in 2018, Arolytics originated out of one of Canada’s largest emissions research labs and has locations in both Halifax and Calgary.