# Touchstone Exploration funding: rounds and investors

> Touchstone Exploration has raised $19M across 2 rounds since 2025. Investors include Bond and Republic. Every round with its source.

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

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

# Who invested in *Touchstone Exploration*

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.

Energy

Raised 5 months ago

Funding summary Updated 26 Oct 2026

**$19M** raised across 2 rounds since 2025, from 2 sources

**$8.4M** Round **$11M** Debt

- **Latest round:** Debt, $11M Jun 2026
- **Step-up i:** 1.3×
- **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.

2026

**$8.4M** Round

**$11M** Debt

- **First round:** Round, $8.4M
- **Biggest round:** $11M
- **Between rounds:** 8 months

## The rounds

- **Jun 2026** Debt **$11M** *2 returning* [Bond](https://millionrounds.com/fund/bond) [Republic](https://millionrounds.com/fund/republic-2) Source recorded
- **Oct 2025** Round **$8.4M** *2 new* [Bond](https://millionrounds.com/fund/bond) [Republic](https://millionrounds.com/fund/republic-2) Source recorded

## Founders and team

From Touchstone Exploration's own website: 11 on the team.

- **Paul R. Baay** President and Chief Executive Officer
- **Brian Hollingshead** Executive Vice President, Engineering and Business Development
- **Scott Budau** Chief Financial Officer
- **Beverley Smith** Director
- **Bhulo Kansagra** Director
- **Corporate Information** Leadership and Board
- **Corporate Secretary** Board of Directors
- **Dr. Priya Marajh** Director
- **Kenneth R. McKinnon** Chair of the Board
- **Peter Nicol** Director
- **Stanley T. Smith** 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** 2025 **Debt** 2026 [Bond](https://millionrounds.com/fund/bond) [Republic](https://millionrounds.com/fund/republic-2)

## Everyone who backed them

[Bond](https://millionrounds.com/fund/bond) Growth equity **2** rounds

[Republic](https://millionrounds.com/fund/republic-2) VC firm **2** rounds

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

## Quick answers about Touchstone Exploration

### Who invested in Touchstone Exploration?

Touchstone Exploration's investors include Bond and Republic.

### How much has Touchstone Exploration raised?

Touchstone Exploration has raised $19M across 2 rounds since 2025.

### When did Touchstone Exploration last raise?

Touchstone Exploration's most recent round was a Debt of $11M in Jun 2026.

### What was Touchstone Exploration's biggest round?

Its most recent round, $11M in Jun 2026, is also its largest on record.

### Who backed Touchstone Exploration first?

Touchstone Exploration's first round on record, in Oct 2025, was backed by Bond and Republic.

### What stage is Touchstone Exploration at?

Touchstone Exploration's latest named round is a Debt, in Jun 2026.

### Where is Touchstone Exploration based?

Touchstone Exploration is based in Canada.

## Companies like Touchstone Exploration

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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