Calgary, AB, October 23rd, 2025: Splice N Connect Inc ("Splice N Connect"), an innovative Calgary-based startup focusing on modernizing North America's electrical grid, is pleased to announce the first close of its pre-seed funding round led by Avatar Leadership Fund ("Avatar") at $1.2m; with the final close of $1.75m expected to complete in Q1 2026. Avatar is joined by numerous Canadian investors and major industry partners.
Splice N Connect was founded to tackle one of the most pressing vulnerabilities in energy infrastructure – the lack of visibility at cable connection points, which accounts for more than 55% of grid failures. As electrification accelerates and demand surges from artificial intelligence, data centers, and renewable integration; this blind spot represents a critical reliability risk.
The company, spun out of the 2023 Avatar Studio, is commercializing a proprietary, non-invasive smart-sensing device and analytics platform that delivers real-time visibility into underground and above-ground cable connections. Its systems enable utilities and large industrial users to predict faults before they occur, optimize maintenance schedules, reduce costs, and enhance reliability across modern distributed power networks.
This milestone follows on a string of successes – including winning Decentralized Energy Canada's 2024 Pitch Competition and being accepted into the 2025 Creative Destruction Lab (CDL) Rockies Cohort and VentureLAB program.
The funds raised will support completing the development, testing, and piloting of Splice N Connect's proprietary monitoring solution – a crucial step towards enhancing grid resilience and enabling a smarter, more reliable energy future.
"We are thrilled to strengthen and grow our partnership with Avatar. Having formed Splice N Connect within Avatar's Studio, we have benefited from Avatar's hands-on leadership, expertise and strategic support as we bring our innovative technology to market. We are proud to have raised capital in today's market, defined by historically low pre-seed activity in clean-tech. We look forward to building on Avatar's catalytic support!"
— Taban Sabih, CEO and Founder of Splice N Connect
"Splice N Connect is an inspiring example of the innovation that can be unlocked by working within industry to create solutions for real problems. We are inspired by the team's passion and dedication and thrilled to lead this transaction and fill a critical gap in the climate-tech ecosystem by providing Splice N Connect with necessary formation risk capital to pursue their business strategy and growth."
— Bryan Trudel, Partner of Avatar's Fund and CFO and Co-Founder of Avatar Innovations
About Splice N Connect
Splice N Connect Inc is a Calgary-based energy tech startup transforming grid reliability through direct monitoring of cable connections – the most failure prone elements of electrical infrastructure. Its non-invasive smart-sensing and software platform provides utilities, renewable operators, and heavy industry with continuous, predictive insights into network health, enabling proactive maintenance and significant cost savings.
For more information about Splice N Connect, please visit: https://www.splicenconnect.com
About Avatar Leadership Fund
Anchored by a $750 K lead investment from Cenovus Energy Inc. and supported by family offices and investors across Canada, the $2.5 million Avatar Leadership Fund provides early-stage risk capital to the most promising companies emerging from Avatar Studio. Its goal is to bridge the funding gap for promising energy transition technologies and accelerate Canada's decarbonization leadership.
For more information about Avatar Leadership Fund, please visit: https://www.avatarinnovations.energy
