# Inocucor funding: rounds and investors

> Inocucor has raised $70M across 4 rounds since 2016. Investors include Desjardins Innovatech, Cycle Capital Management and Closed Loop Capital.

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

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

# Who invested in *Inocucor*

4 rounds we have observed, with the 10 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.

Agtech Biotech Cleantech

Funding summary Updated 26 Oct 2026

**$70M** raised across 4 rounds since 2016, from 4 sources

**$6.0M** Series A **$39M** Series B **$9.5M** Series B **$16M** Series B

- **Latest round:** Series B, $16M Apr 2018
- **Biggest round:** $39M Series B · Mar 2017
- **Step-up i:** 1.7×
- **Investors:** 10 (2 led)

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.

2017 2018

**$6.0M** Series A

**$39M** Series B

**$9.5M** Series B

**$16M** Series B

- **First round:** Series A, $6.0M
- **Biggest round:** $39M
- **Usual gap between rounds:** 9 months

## The rounds

- **Apr 2018** Series B **$16M** *3 new* [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) Pontifax TPG ART/ Cycle Capital Reported by FinSMEs
- **Jan 2018** Series B **$9.5M** *2 new* *1 returning* [Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) Cairn Pontifax AgTech/ Cycle Capital Reported by FinSMEs
- **Mar 2017** Series B **$39M** *1 new* *3 returning* [TPG Alternative & Renewable Technologies](https://millionrounds.com/fund/tpg-alternative-and-renewable-technologies) Lead [Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) [Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) [Closed Loop Capital](https://millionrounds.com/fund/closed-loop-capital) Reported by BetaKit: funding
- **Jun 2016** Series A **$6.0M** *4 new* [Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) Lead [Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) [Closed Loop Capital](https://millionrounds.com/fund/closed-loop-capital) [Meta Capital](https://millionrounds.com/fund/meta-capital-inc) Reported by BetaKit: funding

## 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.

**Series A** 2016 **Series B** 2017 **Series B** 2018 **Series B** 2018 [Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) [Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) L [Closed Loop Capital](https://millionrounds.com/fund/closed-loop-capital) [TPG Alternative & Renewable Technologies](https://millionrounds.com/fund/tpg-alternative-and-renewable-technologies) L [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) [Meta Capital](https://millionrounds.com/fund/meta-capital-inc) Cairn Pontifax Pontifax AgTech/ Cycle Capital TPG ART/ Cycle Capital

## Everyone who backed them

[Desjardins Innovatech](https://millionrounds.com/fund/desjardins-innovatech) Investment firm **3** rounds

[Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) Growth equity **2** rounds, led 1

[Closed Loop Capital](https://millionrounds.com/fund/closed-loop-capital) VC firm **2** rounds

[TPG Alternative & Renewable Technologies](https://millionrounds.com/fund/tpg-alternative-and-renewable-technologies) VC firm **1** round, led 1

[Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) Government **1** round

[Meta Capital](https://millionrounds.com/fund/meta-capital-inc) VC firm **1** round

Cairn no record of our own yet **1** round

Pontifax no record of our own yet **1** round

Pontifax AgTech/ Cycle Capital no record of our own yet **1** round

TPG ART/ Cycle Capital 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=inocucor).

## Quick answers about Inocucor

### Who invested in Inocucor?

Inocucor's investors include Desjardins Innovatech, Cycle Capital Management, Closed Loop Capital, TPG Alternative & Renewable Technologies and Desjardins Venture Capital, and 5 more on record.

### How much has Inocucor raised?

Inocucor has raised $70M across 4 rounds since 2016.

### When did Inocucor last raise?

Inocucor's most recent round was a Series B of $16M in Apr 2018.

### What was Inocucor's biggest round?

Inocucor's largest round on record is $39M (Series B), in Mar 2017, led by TPG Alternative & Renewable Technologies.

### Who backed Inocucor first?

Inocucor's first round on record, in Jun 2016, was backed by Cycle Capital Management, Desjardins Innovatech and Closed Loop Capital and 1 others.

### What stage is Inocucor at?

Inocucor's latest named round is a Series B, in Apr 2018.

### Where is Inocucor based?

Inocucor is based in Canada.

### Who led Inocucor's rounds?

Cycle Capital Management led the Series A in 2016; TPG Alternative & Renewable Technologies led the Series B in 2017.

## Companies like Inocucor

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

[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Altis Labs** $31M · Sept 2026](https://millionrounds.com/company/altis-labs)[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Cardiol Therapeutics** $7.0M · Sept 2026](https://millionrounds.com/company/cardiol-therapeutics)[**Ukko Agro** $795K · Sept 2026](https://millionrounds.com/company/ukko-agro)

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