# Kanin Energy funding: rounds and investors

> Kanin Energy has raised $100M across 1 round since 2026. Investors include S2G Investments, Canada Growth Fund and Third Derivative.

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

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

# Who invested in *Kanin Energy*

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.

Cleantech Climate Tech Energy

Raised 1 month ago

Funding summary Updated 26 Oct 2026

**$100M** raised across 1 round since 2026, from 1 source

- **Latest round:** Growth, $100M Sept 2026
- **Led by:** S2G Investments and Canada Growth Fund
- **Investors:** 4 (2 led)

See who backed them

## The rounds

- **Sept 2026** Growth **$100M** [S2G Investments](https://millionrounds.com/fund/s2g-investments) Lead [Canada Growth Fund](https://millionrounds.com/fund/canada-growth-fund) Lead [Third Derivative](https://millionrounds.com/fund/third-derivative) [Climate Capital](https://millionrounds.com/fund/climate-capital) Reported by BetaKit SEC filing: $19M sold

## Founders and team

From Kanin Energy's own website: 8 on the team.

- **John Dannan** Chief Financial Officer
- **Travis Culham** VP of Engineering & Operations
- **Eeshwar Dutt** Manager of Corporate Development
- **Eric Schaetzle** Director of Power Marketing & Origination
- **Karen Wei** Senior Project Engineer
- **Shad Bendiak** Senior Director of Origination
- **Tim Bishop** Board Member
- **Zachary Kaplan** Manager of Business Development

Advisers *Karl Johannson* *Chelsey Reschke* *Claire Broido Johnson* *Mihir Desu* *Terri Steeves* *Tom Werner*

## Everyone who backed them

[S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round, led 1

[Canada Growth Fund](https://millionrounds.com/fund/canada-growth-fund) Growth equity **1** round, led 1

[Third Derivative](https://millionrounds.com/fund/third-derivative) Accelerator **1** round

[Climate Capital](https://millionrounds.com/fund/climate-capital) VC firm **1** round

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

## Also claim to have backed them

These 5 firms list Kanin Energy as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Earthshot Ventures](https://millionrounds.com/fund/earthshot-ventures) VC firm Per its own site

[Bandera Capital](https://millionrounds.com/fund/bandera-capital) VC firm Per its own site

[Skyview Ventures](https://millionrounds.com/fund/skyview-ventures) VC firm Per its own site

[Keiki Capital](https://millionrounds.com/fund/keiki-capital) VC firm Per its own site

[Sun Road Syndicate](https://millionrounds.com/fund/sun-road-syndicate) VC firm Per its own site

## Quick answers about Kanin Energy

### Who invested in Kanin Energy?

Kanin Energy's investors include S2G Investments, Canada Growth Fund, Third Derivative and Climate Capital. S2G Investments led its latest round.

### How much has Kanin Energy raised?

Kanin Energy has raised $100M across 1 round since 2026.

### When did Kanin Energy last raise?

Kanin Energy's most recent round was a Growth of $100M in Sept 2026, led by S2G Investments.

### What was Kanin Energy's biggest round?

Its most recent round, $100M in Sept 2026, is also its largest on record.

### Who backed Kanin Energy first?

Kanin Energy's first round on record, in Sept 2026, was backed by S2G Investments, Canada Growth Fund and Third Derivative and 1 others.

### What stage is Kanin Energy at?

Kanin Energy's latest named round is a Growth, in Sept 2026.

### Where is Kanin Energy based?

Kanin Energy is based in Canada.

### Who led Kanin Energy's rounds?

S2G Investments led the Growth in 2026.

## Companies like Kanin Energy

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

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**CERT Systems** $2.0M · Sept 2026](https://millionrounds.com/company/cert-systems)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NxLite** $13M · Jul 2026](https://millionrounds.com/company/nxlite)

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