# Polystyvert funding: rounds and investors

> Polystyvert has raised $29M across 3 rounds since 2016. Investors include Anges Quebec, Y Combinator and BDC Capital. Every round with its source.

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

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

# Who invested in *Polystyvert*

3 rounds we have observed, with the 13 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.

Chemicals & Materials Cleantech Climate Tech Manufacturing

Funding summary Updated 26 Oct 2026

**$29M** raised across 3 rounds since 2016, from 3 sources

**$4.9M** Round **$8.5M** Round **$16M** Series B

- **Latest round:** Series B, $16M Jul 2024
- **Step-up i:** 1.9×
- **Investors:** 13

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.

2016 2018 2020 2022 2024

**$4.9M** Round

**$8.5M** Round

**$16M** Series B

- **First round:** Round, $4.9M
- **Biggest round:** $16M
- **Usual gap between rounds:** 6.1 years

## The rounds

- **Jul 2024** Series B **$16M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [AQC Capital](https://millionrounds.com/fund/aqc-capital) [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) Source recorded
- **Jun 2018** Round **$8.5M** *4 new* *1 returning* [Anges Quebec](https://millionrounds.com/fund/anges-quebec) [Cycle Capital](https://millionrounds.com/fund/cycle-capital) [Energy Foundry](https://millionrounds.com/fund/energy-foundry) Quadriam Investments Transition énergétique Québec Reported by FinSMEs SEC filing: $557K sold, first sale May 2018
- **Jul 2016** Round **$4.9M** *5 new* [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [Anges Quebec](https://millionrounds.com/fund/anges-quebec) [BDC Capital](https://millionrounds.com/fund/bdc-capital) [Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) [Anges Québec members](https://millionrounds.com/fund/anges-quebec-members) Reported by BetaKit: funding

## Founders and team

From Polystyvert's own website: 2 on the team.

- **Jan-Willem Muller** Director
- **Marien Bélanger** Senior Project Director

## 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.

**Round** 2016 **Round** 2018 **Series B** 2024 [Anges Quebec](https://millionrounds.com/fund/anges-quebec) [Y Combinator](https://millionrounds.com/fund/y-combinator) [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [AQC Capital](https://millionrounds.com/fund/aqc-capital) [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) [BDC Capital](https://millionrounds.com/fund/bdc-capital) [Cycle Capital](https://millionrounds.com/fund/cycle-capital) [Energy Foundry](https://millionrounds.com/fund/energy-foundry) [Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management)

## Everyone who backed them

[Anges Quebec](https://millionrounds.com/fund/anges-quebec) Angel network **2** rounds

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

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

[Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) VC firm **1** round

[AQC Capital](https://millionrounds.com/fund/aqc-capital) Government **1** round

[Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) VC firm **1** round

[BDC Capital](https://millionrounds.com/fund/bdc-capital) Private credit **1** round

[Cycle Capital](https://millionrounds.com/fund/cycle-capital) Private equity **1** round

[Energy Foundry](https://millionrounds.com/fund/energy-foundry) VC firm **1** round

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

[Anges Québec members](https://millionrounds.com/fund/anges-quebec-members) Investment firm **1** round

Quadriam Investments no record of our own yet **1** round

Transition énergétique Québec 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=polystyvert).

## Also claim to have backed them

This firm lists Polystyvert as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Earth Foundry](https://millionrounds.com/fund/earth-foundry) VC firm Per its own site

## Quick answers about Polystyvert

### Who invested in Polystyvert?

Polystyvert's investors include Anges Quebec, Y Combinator, BDC Capital, Sustainable Development Technology Canada and AQC Capital, and 8 more on record.

### How much has Polystyvert raised?

Polystyvert has raised $29M across 3 rounds since 2016.

### When did Polystyvert last raise?

Polystyvert's most recent round was a Series B of $16M in Jul 2024.

### What was Polystyvert's biggest round?

Its most recent round, $16M in Jul 2024, is also its largest on record.

### Who backed Polystyvert first?

Polystyvert's first round on record, in Jul 2016, was backed by Sustainable Development Technology Canada, Anges Quebec and BDC Capital and 2 others.

### What stage is Polystyvert at?

Polystyvert's latest named round is a Series B, in Jul 2024.

### Where is Polystyvert based?

Polystyvert is based in Canada.

## Companies like Polystyvert

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

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Meissner** $2.6M · Sept 2026](https://millionrounds.com/company/meissner)[**CERT Systems** $2.0M · Sept 2026](https://millionrounds.com/company/cert-systems)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**TetraGen Robotics** $1.3M · Aug 2026](https://millionrounds.com/company/tetragen-robotics)

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