# Cerio funding: rounds and investors

> Cerio has raised $48M across 1 round since 2021. Investors include BDC Capital, MaRS Investment Accelerator Fund and Sustainable Development Technology Canada.

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

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

# Who invested in *Cerio*

One round we have observed, with the 4 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.

Software

Funding summary Updated 26 Oct 2026

**$48M** raised across 1 round since 2021, from 1 source

- **Latest round:** Growth, $48M Dec 2021
- **Investors:** 4

See who backed them

## The rounds

- **Dec 2021** Growth **$48M** [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [FedDev](https://millionrounds.com/fund/feddev) Source recorded

## Founders and team

From Cerio's own website: 6 on the team.

- **Phil Harris** Chief Executive Officer
- **Ted Steube** President & Chief Financial Officer
- **John Prokopenko** Chief Scientist
- **Mike Stamos** Chief Commercial and Revenue Officer
- **Nicolas Gagnon** Corporate Chief Architect
- **Sherri Coxon** Chief People Officer

## Everyone who backed them

[BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) VC firm **1** round

[MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) VC firm **1** round

[Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) VC firm **1** round

[FedDev](https://millionrounds.com/fund/feddev) VC firm **1** round

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

## Quick answers about Cerio

### Who invested in Cerio?

Cerio's investors include BDC Capital, MaRS Investment Accelerator Fund, Sustainable Development Technology Canada and FedDev.

### How much has Cerio raised?

Cerio has raised $48M across 1 round since 2021.

### When did Cerio last raise?

Cerio's most recent round was a Growth of $48M in Dec 2021.

### What was Cerio's biggest round?

Its most recent round, $48M in Dec 2021, is also its largest on record.

### Who backed Cerio first?

Cerio's first round on record, in Dec 2021, was backed by BDC Capital, MaRS Investment Accelerator Fund and Sustainable Development Technology Canada and 1 others.

### What stage is Cerio at?

Cerio's latest named round is a Growth, in Dec 2021.

### Where is Cerio based?

Cerio is based in Canada.

## Companies like Cerio

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

[**Innerlogic** $12M · Jul 2026](https://millionrounds.com/company/inner-logic)[**Beacon Software** $475M · Jun 2026](https://millionrounds.com/company/beacon-software)[**PhenoTips** $2.0M · Mar 2026](https://millionrounds.com/company/phenotips)[**Laminar** $15M · Mar 2026](https://millionrounds.com/company/laminar)[**Modem** $4.4M · Feb 2026](https://millionrounds.com/company/modem)[**Billdr Pro** $3.2M · Jan 2026](https://millionrounds.com/company/billdr-pro)

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