On September 9, 2025, Ultimarii announced its raising of nearly $2.6 million in Seed financing in a round led by Staircase Ventures with participants including Bluesky Equities, Sky Energy Group, former Suncor CEO Mark Little, Thin Air Labs partner James Lochrie and ScaleGood Fund managing partner Ashif Mawji, bringing total funding to date to approximately $5.3 million.
Founded by Josh Malate (serial entrepreneur whose resume includes co-founding entity management platform Athennian) and Doug Schweitzer (who served as Alberta’s Minister of Justice and Solicitor General, and Minister of Jobs, Economy and Innovation, and founded a law firm), Ultimarii has developed an AI platform designed to speed up the application and regulatory approval processes for large energy and utility infrastructure projects by assessing their feasibility.
Osler, Hoskin & Harcourt LLP advised Ultimarii with a team consisting of Michael Grantmyre, Patrick Musgrave and Gaby Fekete (Emerging and High Growth Companies) and Sam Ip (Technology).
Key Contact
Partner, Emerging and High Growth Companies, Calgary
Team
Associate, Emerging and High Growth Companies, Calgary
Associate, Emerging and High Growth Companies, Calgary
Partner, Technology, Toronto
