# Magnestar Inc. funding: rounds and investors

> Magnestar Inc. has raised $1.1M across 1 round since 2023. Investors include BDC Capital, Creative Destruction Lab and Entrepreneur First.

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

Canada · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Magnestar Inc.*

One round we have observed, with the 3 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.

Govtech

Funding summary Updated 26 Oct 2026

**$1.1M** raised across 1 round since 2023, from 1 source

- **Latest round:** Pre-seed, $1.1M Jan 2023
- **Investors:** 3

See who backed them

## The rounds

- **Jan 2023** Pre-seed **$1.1M** [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) Source recorded

## Everyone who backed them

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

[Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) Accelerator **1** round

[Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) Accelerator **1** round

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

## Quick answers about Magnestar Inc.

### Who invested in Magnestar Inc.?

Magnestar Inc.'s investors include BDC Capital, Creative Destruction Lab and Entrepreneur First.

### How much has Magnestar Inc. raised?

Magnestar Inc. has raised $1.1M across 1 round since 2023.

### When did Magnestar Inc. last raise?

Magnestar Inc.'s most recent round was a Pre-seed of $1.1M in Jan 2023.

### What was Magnestar Inc.'s biggest round?

Its most recent round, $1.1M in Jan 2023, is also its largest on record.

### Who backed Magnestar Inc. first?

Magnestar Inc.'s first round on record, in Jan 2023, was backed by BDC Capital, Creative Destruction Lab and Entrepreneur First.

### What stage is Magnestar Inc. at?

Magnestar Inc.'s latest named round is a Pre-seed, in Jan 2023.

### Where is Magnestar Inc. based?

Magnestar Inc. is based in Canada.

## Companies like Magnestar Inc.

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

[**Incendia** Jan 2026](https://millionrounds.com/company/incendia)[**Longeye** $25M · Oct 2026](https://millionrounds.com/company/longeye)[**Echelon** $20M · Oct 2026](https://millionrounds.com/company/echelon)[**SCATR** $6.6M · Oct 2026](https://millionrounds.com/company/scatr)[**Evam** $5.3M · Sept 2026](https://millionrounds.com/company/evam)[**FSH Technologies** $45M · Aug 2026](https://millionrounds.com/company/fsh-technologies)

## 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