# UgoWork funding: rounds and investors

> UgoWork has raised $26M across 1 round since 2024. Investors include Y Combinator, Export Development Canada and Investissement Quebec.

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

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

# Who invested in *UgoWork*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$26M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series C, $26M Jul 2024
- **Investors:** 4

See who backed them

## The rounds

- **Jul 2024** Series C **$26M** [Y Combinator](https://millionrounds.com/fund/y-combinator) [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) Source recorded

## Founders and team

From UgoWork's own website: 2 founders, 5 on the team.

**Philippe Beauchamp** Co-founder & CTO

**Rami Jarjour** Co-founder & Software Manager

- **David Mucciacciaro** CEO
- **Pierre Marcouiller** President | NEXCAP
- **Nadia Marcoux** CFO
- **Rafaël Martines** VP Supply & Ops
- **Byron Somerville** Service Director

## Everyone who backed them

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

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **1** round

[Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) Investment firm **1** round

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

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

## Quick answers about UgoWork

### Who invested in UgoWork?

UgoWork's investors include Y Combinator, Export Development Canada, Investissement Quebec and Cycle Momentum.

### How much has UgoWork raised?

UgoWork has raised $26M across 1 round since 2024.

### When did UgoWork last raise?

UgoWork's most recent round was a Series C of $26M in Jul 2024.

### What was UgoWork's biggest round?

Its most recent round, $26M in Jul 2024, is also its largest on record.

### Who backed UgoWork first?

UgoWork's first round on record, in Jul 2024, was backed by Y Combinator, Export Development Canada and Investissement Quebec and 1 others.

### What stage is UgoWork at?

UgoWork's latest named round is a Series C, in Jul 2024.

### Where is UgoWork based?

UgoWork is based in Canada.

## Companies like UgoWork

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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