# CelluFuel funding: rounds and investors > CelluFuel has raised $7.0M across 2 rounds since 2014. Investors include Innovacorp, Sustainable Development Technology Canada and Tatro Group. Source: https://millionrounds.com/company/cellufuel (Millionrounds; every figure on the page links to its filing or article) Canada · [Funded startup](https://millionrounds.com/companies) # Who invested in *CelluFuel* 2 rounds we have observed, with the 4 investors named in them. 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 **$7.0M** raised across 2 rounds since 2014, from 2 sources **$5.0M** Venture **$2.0M** Grant - **Latest round:** Grant, $2.0M Aug 2019 - **Biggest round:** $5.0M Venture · Sept 2014 - **Investors:** 4 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2015 2016 2017 2018 2019 **$5.0M** Venture **$2.0M** Grant - **First round:** Venture, $5.0M - **Biggest round:** $5.0M - **Between rounds:** 4.9 years ## The rounds - **Aug 2019** Grant **$2.0M** *1 new* *1 returning* [Innovacorp](https://millionrounds.com/fund/innovacorp) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) Source recorded - **Sept 2014** Venture **$5.0M** *3 new* [Innovacorp](https://millionrounds.com/fund/innovacorp) [Tatro Group](https://millionrounds.com/fund/tatro-group) Boralex From a historical funding record ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Venture** 2014 **Grant** 2019 [Innovacorp](https://millionrounds.com/fund/innovacorp) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [Tatro Group](https://millionrounds.com/fund/tatro-group) Boralex ## Everyone who backed them [Innovacorp](https://millionrounds.com/fund/innovacorp) VC firm **2** rounds [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) VC firm **1** round [Tatro Group](https://millionrounds.com/fund/tatro-group) Investment firm **1** round Boralex no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cellufuel). ## Quick answers about CelluFuel ### Who invested in CelluFuel? CelluFuel's investors include Innovacorp, Sustainable Development Technology Canada, Tatro Group and Boralex. ### How much has CelluFuel raised? CelluFuel has raised $7.0M across 2 rounds since 2014. ### When did CelluFuel last raise? CelluFuel's most recent round was a Grant of $2.0M in Aug 2019. ### What was CelluFuel's biggest round? CelluFuel's largest round on record is $5.0M (Venture), in Sept 2014. ### Who backed CelluFuel first? CelluFuel's first round on record, in Sept 2014, was backed by Innovacorp, Tatro Group and Boralex. ### What stage is CelluFuel at? CelluFuel's latest named round is a Grant, in Aug 2019. ### Where is CelluFuel based? CelluFuel is based in Canada. ## Companies like CelluFuel 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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app