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EnerTech Capital Wins CVCA's VC Global Dealmaker Award for Investment in Ushr Inc.

"Winners of the 2020 CVCA Awards have proven vision and innovation are alive and well in the Canadian private capital industry" said Kim Furlong, CEO, Canadian Venture Capital and Private Equity Association. "This list of companies exemplifies how venture capital and private equity is present in every sector and helping fuel the economy of the future."

"It's a pleasure to see so many people and organizations in private capital from across a variety of industries and geographies working hard and setting new standards," said Beth Maliakkal, Chief Financial Officer, Imperial Capital and Chair, CVCA Awards Committee. "On behalf of the 2020 CVCA Awards committee, congratulations on this incredible recognition."

“As a firm we are very proud of the USHR exit and the financial returns it has provided to our investors. The company had its origins in Canada through our investment in GeoDigital and is a testament to the world-class venture environment the CVCA has helped support in Canada” said Wally Hunter, managing director, EnerTech Capital.

The deal happened following a “tremendous amount of hard work by all stakeholders involved,” Scott Ungerer, EnerTech’s founder and managing director and ex-chairman of the board of Ushr said in the Feb. 13, 2019 announcement. “The success we’ve experienced at Ushr since inception in an extremely dynamic and competitive market environment has been rewarding and we look forward with excitement to the next chapter of growth for the combined businesses upon closing.”

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