Canada · 
Who invested in Cardinal Energy?
Cardinal Energy's investors include BDC Capital.
Canada · Funded startup
Who invested in Cardinal Energy
Funding summaryUpdated 26 Oct 2026
$77Mraised across 1 round since 2026, from 1 source
- Latest round
- Round, $77MJan 2026
- Investors
- 1
The rounds
- Jan 2026
Founders and team
From Cardinal Energy's own website: 2 on the team.
- M. Scott RatushnyExecutive Chair and Chief Executive Officer
- Heath WilliamsonVice President, Thermal Operations
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Cardinal Energy
How much has Cardinal Energy raised?
Cardinal Energy has raised $77M across 1 round since 2026.
When did Cardinal Energy last raise?
Cardinal Energy's most recent round was an Undisclosed round of $77M in Jan 2026.
What was Cardinal Energy's biggest round?
Its most recent round, $77M in Jan 2026, is also its largest on record.
Who backed Cardinal Energy first?
Cardinal Energy's first round on record, in Jan 2026, was backed by BDC Capital.
What stage is Cardinal Energy at?
Cardinal Energy's latest named round is an Undisclosed round, in Jan 2026.
Where is Cardinal Energy based?
Cardinal Energy is based in Canada.
Companies like Cardinal Energy
In the same sector, and raised in the last eighteen months.
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