Canada · Funded startup

Who invested in SWTCH

2 rounds we have observed, with the 2 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.

Cleantech

Funding summaryUpdated 26 Oct 2026

$32Mraised across 2 rounds since 2024, from 2 sources

$31MSeries B$368KGrant
Latest round
Grant, $368KJul 2025
Biggest round
$31MSeries B · Apr 2024
Investors
2
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.

2025
$31MSeries B$368KGrant
First round
Series B, $31M
Apr 2024
Biggest round
$31M
Series B · Apr 2024
Between rounds
15 months
from the last two

The rounds

  1. Jul 2025
    Grant$368K2 returning

    Source recorded

  2. Apr 2024
    Series B$31M2 new

    Source recorded

Founders and team

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

Carter LiFounder & CEO
  • Ben NewellChief Revenue Officer
  • Hanna AyyadChief Financial Officer
  • Shea SinnottChief of Staff
  • Greg OvermondsHead of Marketing
  • Jing GuoHead of Product
  • Josh CohenHead of Policy
  • Shradha MittalHead of People & Culture
  • Sofia BerradaHead of Strategy

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.

Everyone who backed them

Export Development CanadaGovernment2rounds
Climate CapitalVC firm2rounds

Missing a round, or an investor who was in one? Tell us.

Quick answers about SWTCH

Who invested in SWTCH?

SWTCH's investors include Export Development Canada and Climate Capital.

How much has SWTCH raised?

SWTCH has raised $32M across 2 rounds since 2024.

When did SWTCH last raise?

SWTCH's most recent round was a Grant of $368K in Jul 2025.

What was SWTCH's biggest round?

SWTCH's largest round on record is $31M (Series B), in Apr 2024.

Who backed SWTCH first?

SWTCH's first round on record, in Apr 2024, was backed by Export Development Canada and Climate Capital.

What stage is SWTCH at?

SWTCH's latest named round is a Grant, in Jul 2025.

Where is SWTCH based?

SWTCH is based in Canada.

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