# SWTCH funding: rounds and investors

> SWTCH has raised $32M across 2 rounds since 2024. Investors include Export Development Canada and Climate Capital. Every round with its source.

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

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

# 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 summary Updated 26 Oct 2026

**$32M** raised across 2 rounds since 2024, from 2 sources

**$31M** Series B **$368K** Grant

- **Latest round:** Grant, $368K Jul 2025
- **Biggest round:** $31M Series 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

**$31M** Series B

**$368K** Grant

- **First round:** Series B, $31M
- **Biggest round:** $31M
- **Between rounds:** 15 months

## The rounds

- **Jul 2025** Grant **$368K** *2 returning* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Climate Capital](https://millionrounds.com/fund/climate-capital) Source recorded
- **Apr 2024** Series B **$31M** *2 new* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Climate Capital](https://millionrounds.com/fund/climate-capital) Source recorded

## Founders and team

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

**Carter Li** Founder & CEO

- **Ben Newell** Chief Revenue Officer
- **Hanna Ayyad** Chief Financial Officer
- **Shea Sinnott** Chief of Staff
- **Greg Overmonds** Head of Marketing
- **Jing Guo** Head of Product
- **Josh Cohen** Head of Policy
- **Shradha Mittal** Head of People & Culture
- **Sofia Berrada** Head 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.

**Series B** 2024 **Grant** 2025 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Climate Capital](https://millionrounds.com/fund/climate-capital)

## Everyone who backed them

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **2** rounds

[Climate Capital](https://millionrounds.com/fund/climate-capital) VC firm **2** rounds

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

## 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.

## Companies like SWTCH

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)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**Nunavut Nunkiksautiit Corporation** $10M · Jun 2026](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation)[**BrandPilot** $549K · May 2026](https://millionrounds.com/company/brandpilot)

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