# Pipestone Energy funding: rounds and investors

> Pipestone Energy has raised $280M across 1 round since 2021. Investors include Bank of Montreal (BMO). Every round with its source.

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

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

# Who invested in *Pipestone Energy*

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.

Energy

Funding summary Updated 26 Oct 2026

**$280M** raised across 1 round since 2021, from 1 source

- **Latest round:** Debt, $280M Oct 2021
- **Investors:** 1

See who backed them

## The rounds

- **Oct 2021** Debt **$280M** [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) Source recorded

## Founders and team

From Pipestone Energy's own website: 10 on the team.

- **Scott Seipert** Senior Vice-President, Finance
- **Connie De Ciancio** Chief Commercial Officer
- **Connor Waterous** Chief Financial Officer
- **Dale Babiak** Chief Operating Officer
- **Adam Waterous** Executive Chairman
- **Andrew Kim** Board Member
- **Cody Church** Board Member
- **David Roosth** Board Member
- **Henry Hager** Board Member
- **Steve Fagan** Vice-Chairman

## Everyone who backed them

[Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) Corporate VC **1** round

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

## Quick answers about Pipestone Energy

### Who invested in Pipestone Energy?

Pipestone Energy's investors include Bank of Montreal (BMO).

### How much has Pipestone Energy raised?

Pipestone Energy has raised $280M across 1 round since 2021.

### When did Pipestone Energy last raise?

Pipestone Energy's most recent round was a Debt of $280M in Oct 2021.

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

Its most recent round, $280M in Oct 2021, is also its largest on record.

### Who backed Pipestone Energy first?

Pipestone Energy's first round on record, in Oct 2021, was backed by Bank of Montreal (BMO).

### What stage is Pipestone Energy at?

Pipestone Energy's latest named round is a Debt, in Oct 2021.

### Where is Pipestone Energy based?

Pipestone Energy is based in Canada.

## Companies like Pipestone Energy

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

[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)

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