# Hydrogen Optimized funding: rounds and investors

> Hydrogen Optimized has raised $3.5M across 1 round since 2023. Investors include Sustainable Development Technology Canada and FedDev.

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

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

# Who invested in *Hydrogen Optimized*

One round we have observed, with the 2 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.

Cleantech

Funding summary Updated 26 Oct 2026

**$3.5M** raised across 1 round since 2023, from 1 source

- **Latest round:** Debt, $3.5M Sept 2023
- **Investors:** 2

See who backed them

## The rounds

- **Sept 2023** Debt **$3.5M** [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [FedDev](https://millionrounds.com/fund/feddev) Source recorded

## Founders and team

From Hydrogen Optimized's own website: 1 founder, 8 on the team.

**Andrew Stuart** Founder

- **Bob Waddell** Vice President Engineering
- **Denis Krude** President & CEO
- **Lorraine Mickiewicz** Chief Operating Officer
- **Markus Richter** Chief Financial Officer
- **Philippe Morin** Global Head of Business Development and Sales
- **Bryce Conacher** Director of Business Development and Sales, North America
- **Daniel Mateos** Director of Business Development and Sales, Europe
- **Pedro Sobrinho** Technology Services Manager

## Everyone who backed them

[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=hydrogen-optimized).

## Quick answers about Hydrogen Optimized

### Who invested in Hydrogen Optimized?

Hydrogen Optimized's investors include Sustainable Development Technology Canada and FedDev.

### How much has Hydrogen Optimized raised?

Hydrogen Optimized has raised $3.5M across 1 round since 2023.

### When did Hydrogen Optimized last raise?

Hydrogen Optimized's most recent round was a Debt of $3.5M in Sept 2023.

### What was Hydrogen Optimized's biggest round?

Its most recent round, $3.5M in Sept 2023, is also its largest on record.

### Who backed Hydrogen Optimized first?

Hydrogen Optimized's first round on record, in Sept 2023, was backed by Sustainable Development Technology Canada and FedDev.

### What stage is Hydrogen Optimized at?

Hydrogen Optimized's latest named round is a Debt, in Sept 2023.

### Where is Hydrogen Optimized based?

Hydrogen Optimized is based in Canada.

## Companies like Hydrogen Optimized

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

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**Nunavut Nunkiksautiit Corporation** $10M · Jun 2026](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation)[**BrandPilot** $549K · May 2026](https://millionrounds.com/company/brandpilot)

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