# PharmAla Biotech funding: rounds and investors

> PharmAla Biotech has raised $1.6M across 1 round since 2024. Investors include Ontario Centre of Innovation. Every round with its source.

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

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

# Who invested in *PharmAla Biotech*

One round we have observed, with the one investor 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.

Biotech

Funding summary Updated 26 Oct 2026

**$1.6M** raised across 1 round since 2024, from 1 source

- **Latest round:** Round, $1.6M Dec 2024
- **Investors:** 1

See who backed them

## The rounds

- **Dec 2024** Round **$1.6M** [Ontario Centre of Innovation](https://millionrounds.com/fund/ontario-centre-of-innovation) Source recorded

## Founders and team

From PharmAla Biotech's own website: 1 founder, 8 on the team.

**Nicholas Kadysh** Founding CEO, President

- **Harpreet Kaur** Vice President of Research
- **Dr. Farnoud Kazemzadeh** Chief Operating Officer
- **Will Avery** Chief Financial Officer
- **Fraser Macdonald** Director
- **Jodi Butts** Board Chair
- **Kevin Roy** Chair of the Audit Committee
- **Lennie Ryer** Director
- **Perry Tsergas** Director

## Everyone who backed them

[Ontario Centre of Innovation](https://millionrounds.com/fund/ontario-centre-of-innovation) VC firm **1** round

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

## Quick answers about PharmAla Biotech

### Who invested in PharmAla Biotech?

PharmAla Biotech's investors include Ontario Centre of Innovation.

### How much has PharmAla Biotech raised?

PharmAla Biotech has raised $1.6M across 1 round since 2024.

### When did PharmAla Biotech last raise?

PharmAla Biotech's most recent round was an Undisclosed round of $1.6M in Dec 2024.

### What was PharmAla Biotech's biggest round?

Its most recent round, $1.6M in Dec 2024, is also its largest on record.

### Who backed PharmAla Biotech first?

PharmAla Biotech's first round on record, in Dec 2024, was backed by Ontario Centre of Innovation.

### What stage is PharmAla Biotech at?

PharmAla Biotech's latest named round is an Undisclosed round, in Dec 2024.

### Where is PharmAla Biotech based?

PharmAla Biotech is based in Canada.

## Companies like PharmAla Biotech

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)[**Helus Pharma** $50M · Sept 2026](https://millionrounds.com/company/helus-pharma)[**Cardiol Therapeutics** $7.0M · Sept 2026](https://millionrounds.com/company/cardiol-therapeutics)[**QurCan Therapeutics Inc.** $6.0M · Sept 2026](https://millionrounds.com/company/qurcan-therapeutics-inc)[**Ichor Agriculture** Jul 2026](https://millionrounds.com/company/ichor-agriculture)

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