Corporate Venture Capital
ATB Corporate Development Office
Investing across stages and sectors
ATB’s Corporate Development function looks for investment, venture, and acquisition opportunities that support ATB’s strategy and direction. This includes potential investments in technology businesses that are commercially partnered with ATB or that support ATB’s ongoing business and objectives.
The team is led by ATB’s Chief Financial Officer, Dan Hugo, a passionate business leader focused on developing both ATB and Alberta’s digital futures. The investment team of Shannon Ernst and Alan Stone bring many years of investment and capital markets expertise along with a commitment to realizing the potential of best-in-class technologies.
Meet the team
Recent Portfolio Activities
In 2019, Radical Ventures launched a $350 Million USD VC fund focused on artificial intelligence. Investing in this fund and partnering with Radical is allowing us to support numerous businesses in the space of this disruptive technology.
In 2019, ATB acquired the technology assets of Vancouver-based Grow Technologies Inc. The acquisition of this intellectual property and dedicated team will allow ATB to accelerate the development of its digital onboarding product for retail and business customers.