# telMAX funding: rounds and investors > telMAX has raised $294M across 2 rounds since 2025. Investors include Power Sustainable Infrastructure Credit, Hamilton Lane and Palistar Capital. Source: https://millionrounds.com/company/telmax (Millionrounds; every figure on the page links to its filing or article) Canada · [Growth startup](https://millionrounds.com/companies) # Who invested in *telMAX* 2 rounds we have observed, with the 4 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. Construction Internet Telecoms Raised 1 month ago Funding summary Updated 26 Oct 2026 **$294M** raised across 2 rounds since 2025, from 3 sources **$79M** Debt **$215M** Growth - **Latest round:** Growth, $215M Sept 2026 - **Led by:** Hamilton Lane - **Step-up i:** 2.7× - **Investors:** 4 (2 led) 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. 2026 **$79M** Debt **$215M** Growth - **First round:** Debt, $79M - **Biggest round:** $215M - **Between rounds:** 17 months ## The rounds - **Sept 2026** Growth **$215M** *3 new* *1 returning* [Hamilton Lane](https://millionrounds.com/fund/hamilton-lane) Lead [Palistar Capital](https://millionrounds.com/fund/palistar-capital) [Power Sustainable Infrastructure Credit](https://millionrounds.com/fund/power-sustainable-infrastructure-credit) [MidStar Capital](https://millionrounds.com/fund/midstar-capital) Reported by Firms' own news pages - **May 2025** Debt **$79M** *1 new* [Power Sustainable Infrastructure Credit](https://millionrounds.com/fund/power-sustainable-infrastructure-credit) Lead Reported by Firms' own news pages and 1 other ## 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. **Debt** 2025 **Growth** 2026 [Power Sustainable Infrastructure Credit](https://millionrounds.com/fund/power-sustainable-infrastructure-credit) L [Hamilton Lane](https://millionrounds.com/fund/hamilton-lane) L [Palistar Capital](https://millionrounds.com/fund/palistar-capital) [MidStar Capital](https://millionrounds.com/fund/midstar-capital) ## Everyone who backed them [Power Sustainable Infrastructure Credit](https://millionrounds.com/fund/power-sustainable-infrastructure-credit) Private equity **2** rounds, led 1 [Hamilton Lane](https://millionrounds.com/fund/hamilton-lane) Asset manager **1** round, led 1 [Palistar Capital](https://millionrounds.com/fund/palistar-capital) Private equity **1** round [MidStar Capital](https://millionrounds.com/fund/midstar-capital) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=telmax). ## Quick answers about telMAX ### Who invested in telMAX? telMAX's investors include Power Sustainable Infrastructure Credit, Hamilton Lane, Palistar Capital and MidStar Capital. Hamilton Lane led its latest round. ### How much has telMAX raised? telMAX has raised $294M across 2 rounds since 2025. ### When did telMAX last raise? telMAX's most recent round was a Growth of $215M in Sept 2026, led by Hamilton Lane. ### What was telMAX's biggest round? Its most recent round, $215M in Sept 2026, is also its largest on record. ### Who backed telMAX first? telMAX's first round on record, in May 2025, was backed by Power Sustainable Infrastructure Credit. ### What stage is telMAX at? telMAX's latest named round is a Growth, in Sept 2026. ### Where is telMAX based? telMAX is based in Canada. ### Who led telMAX's rounds? Power Sustainable Infrastructure Credit led the Debt in 2025; Hamilton Lane led the Growth in 2026. ## Companies like telMAX In the same sector, and raised in the last eighteen months. [**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Brdg** $613K · Aug 2026](https://millionrounds.com/company/brdg)[**Innerlogic** $12M · Jul 2026](https://millionrounds.com/company/inner-logic)[**ConstructionClock** $1.7M · Jul 2026](https://millionrounds.com/company/constructionclock)[**Site 20/20** $528K · Jul 2026](https://millionrounds.com/company/site-20-20)[**Carbicrete** $5.7M · Jun 2026](https://millionrounds.com/company/carbicrete) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app