# 48Hour Discovery funding: rounds and investors

> 48Hour Discovery has raised $837K across 1 round since 2025. Investors include Y Combinator, National Research Council of Canada Industrial Research...

Source: https://millionrounds.com/company/48hour-discovery (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *48Hour Discovery*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

Funding summary Updated 26 Oct 2026

**$837K** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $837K Jun 2025
- **Investors:** 3

See who backed them

## The rounds

- **Jun 2025** Debt **$837K** [Y Combinator](https://millionrounds.com/fund/y-combinator) [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) [Prairies Economic Development Canada](https://millionrounds.com/fund/prairies-economic-development-canada) Source recorded

## Founders and team

From 48Hour Discovery's own website: 1 founder, 1 on the team.

**Ratmir Derda** Founder and CSO

- **Rick Finnegan** CEO

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) VC firm **1** round

[Prairies Economic Development Canada](https://millionrounds.com/fund/prairies-economic-development-canada) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=48hour-discovery).

## Also claim to have backed them

This firm lists 48Hour Discovery as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Startup TNT](https://millionrounds.com/fund/startup-tnt) Angel network Per its own site

## Quick answers about 48Hour Discovery

### Who invested in 48Hour Discovery?

48Hour Discovery's investors include Y Combinator, National Research Council of Canada Industrial Research Assistance Program and Prairies Economic Development Canada.

### How much has 48Hour Discovery raised?

48Hour Discovery has raised $837K across 1 round since 2025.

### When did 48Hour Discovery last raise?

48Hour Discovery's most recent round was a Debt of $837K in Jun 2025.

### What was 48Hour Discovery's biggest round?

Its most recent round, $837K in Jun 2025, is also its largest on record.

### Who backed 48Hour Discovery first?

48Hour Discovery's first round on record, in Jun 2025, was backed by Y Combinator, National Research Council of Canada Industrial Research Assistance Program and Prairies Economic Development Canada.

### What stage is 48Hour Discovery at?

48Hour Discovery's latest named round is a Debt, in Jun 2025.

### Where is 48Hour Discovery based?

48Hour Discovery is based in Canada.

## Companies like 48Hour Discovery

In the same sector, and raised in the last eighteen months.

[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Altis Labs** $31M · Sept 2026](https://millionrounds.com/company/altis-labs)[**Helus Pharma** $50M · Sept 2026](https://millionrounds.com/company/helus-pharma)[**QurCan Therapeutics Inc.** $6.0M · Sept 2026](https://millionrounds.com/company/qurcan-therapeutics-inc)[**Cardiol Therapeutics** $7.0M · Sept 2026](https://millionrounds.com/company/cardiol-therapeutics)[**Ichor Agriculture** Jul 2026](https://millionrounds.com/company/ichor-agriculture)

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