# Baseload Power funding: rounds and investors

> Baseload Power has raised $3.5M across 1 round since 2022. Investors include Natural Resources Canada. Every round with its source.

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

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

# Who invested in *Baseload Power*

One round we have observed, with the one investor 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.

Energy

Funding summary Updated 26 Oct 2026

**$3.5M** raised across 1 round since 2022, from 1 source

- **Latest round:** Grant, $3.5M Jun 2022
- **Investors:** 1

See who backed them

## The rounds

- **Jun 2022** Grant **$3.5M** [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Source recorded

## Founders and team

From Baseload Power's own website: 3 on the team.

- **Paul Merkur** Executive Vice President
- **Jonathan Sandler** President
- **James Ratcliffe** General Manager

Advisers *Matthew Clarke*

## Everyone who backed them

[Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Government **1** round

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

## Quick answers about Baseload Power

### Who invested in Baseload Power?

Baseload Power's investors include Natural Resources Canada.

### How much has Baseload Power raised?

Baseload Power has raised $3.5M across 1 round since 2022.

### When did Baseload Power last raise?

Baseload Power's most recent round was a Grant of $3.5M in Jun 2022.

### What was Baseload Power's biggest round?

Its most recent round, $3.5M in Jun 2022, is also its largest on record.

### Who backed Baseload Power first?

Baseload Power's first round on record, in Jun 2022, was backed by Natural Resources Canada.

### What stage is Baseload Power at?

Baseload Power's latest named round is a Grant, in Jun 2022.

### Where is Baseload Power based?

Baseload Power is based in Canada.

## Companies like Baseload Power

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

[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)

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