# Natural Resources Canada Portfolio Map 2026: 37 Startups by Sector > Natural Resources Canada's portfolio mapped: 37 startups it has backed, in 5 sectors from Energy, Cleantech and Oil & Gas on. Source: https://millionrounds.com/portfolio-maps/natural-resources-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Energy 17 - [Electra Battery Materials](https://millionrounds.com/company/electra-battery-materials) - [AlumaPower](https://millionrounds.com/company/alumapower) - [Baseload Power](https://millionrounds.com/company/baseload-power) - [BC Biocarbon](https://millionrounds.com/company/bc-biocarbon) - [Atura Power](https://millionrounds.com/company/atura-power) - [Razor Energy](https://millionrounds.com/company/razor-energy) - [Canadian Renewable Energy Association](https://millionrounds.com/company/canadian-renewable-energy-association) - [Defense Metals](https://millionrounds.com/company/defense-metals) - [MLTC Solar Energy Farm](https://millionrounds.com/company/mltc-solar-energy-farm) - [Calogy Solutions](https://millionrounds.com/company/calogy-solutions) - [Polara Energy](https://millionrounds.com/company/polara-energy) - [Hydra Energy](https://millionrounds.com/company/hydra-energy) - [Kuva Systems](https://millionrounds.com/company/kuva-systems) - [Alectra Utilities](https://millionrounds.com/company/alectra-utilities) - [Salient Energy](https://millionrounds.com/company/salient-energy) - [First Nations Power Authority](https://millionrounds.com/company/first-nations-power-authority) - [Spero Analytics](https://millionrounds.com/company/spero-analytics) ## Cleantech 10 - [Torngat Metals](https://millionrounds.com/company/torngat-metals) - [Nunavut Nunkiksautiit Corporation](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation) - [Ionada](https://millionrounds.com/company/ionada) - [CHAR Technologies](https://millionrounds.com/company/char-technologies) - [Propulsion Quebec](https://millionrounds.com/company/propulsion-quebec) - [CERT Systems](https://millionrounds.com/company/cert-systems) - [TerraFixing](https://millionrounds.com/company/terrafixing) - [Agora Energy Technologies](https://millionrounds.com/company/agora-energy-technologies) - [Ekona Power](https://millionrounds.com/company/ekona-power) - [Dinjii Zhuh Solutions](https://millionrounds.com/company/dinjii-zhuh-solutions) ## Oil & Gas 4 - [Fireweed Metals](https://millionrounds.com/company/fireweed-metals) - [Northcliff Resources](https://millionrounds.com/company/northcliff-resources) - [Occam's Technologies](https://millionrounds.com/company/occam-s-technologies) - [Optiseis Solutions Ltd](https://millionrounds.com/company/optiseis-solutions-ltd) ## Fintech 3 - [*N* Nada](https://millionrounds.com/company/nada) - [Sofiac](https://millionrounds.com/company/sofiac) - [Sakku Investments](https://millionrounds.com/company/sakku-investments) ## Manufacturing 3 - [NXTSENS Microsystems](https://millionrounds.com/company/nxtsens-microsystems) - [Mont Royal Resources](https://millionrounds.com/company/mont-royal-resources) - [Gamotech](https://millionrounds.com/company/gamotech) ## Segment by segment ### Energy 17 startups · $44M raised - [**Electra Battery Materials**](https://millionrounds.com/company/electra-battery-materials) Electra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries. Canada $20M - [**AlumaPower**](https://millionrounds.com/company/alumapower) AlumaPower develops an aluminum-based energy source providing carbon-free energy. Canada $3.6M - [**Baseload Power**](https://millionrounds.com/company/baseload-power) Baseload Power is a values-driven energy company that works closely with electricity consumers, landowners, utilities, stakeholders. Canada $3.5M - [**BC Biocarbon**](https://millionrounds.com/company/bc-biocarbon) BC Biocarbon Ltd. Canada $2.5M - [**Atura Power**](https://millionrounds.com/company/atura-power) Atura Power is a gas turbine power plant that specializes in electricity systems and generation supplies. Canada $2.5M - [**Razor Energy**](https://millionrounds.com/company/razor-energy) Razor is a pivotal leading-edge enterprise Canada $1.8M - [**Canadian Renewable Energy Association**](https://millionrounds.com/company/canadian-renewable-energy-association) Canadian Renewable Energy Association is the voice for wind energy solar energy and energy storage solutions. Canada $1.6M - [**Defense Metals**](https://millionrounds.com/company/defense-metals) Defense Metals is a mineral exploration company that specializes in the acquisition of mineral deposits containing metals and elements. Canada $1.4M ### Cleantech 10 startups · $68M raised - [**Torngat Metals**](https://millionrounds.com/company/torngat-metals) Torngat Metals provides separated rare earth oxides based on its mine feed and recycled feeds, such as end of life magnets and motors. Canada $43M - [**Nunavut Nunkiksautiit Corporation**](https://millionrounds.com/company/nunavut-nunkiksautiit-corporation) Nunavut Nunkiksautiit seeks to create jobs, local revenue in communities, and build local capacity within the renewable energy sector. Canada $10M - [**Ionada**](https://millionrounds.com/company/ionada) Ionada is a clean technology company founded in 2013, focused on air emission and water treatment technologies. Canada $3.3M - [**CHAR Technologies**](https://millionrounds.com/company/char-technologies) CHAR Technologies is a cleantech development and environmental services company. Canada $2.9M - [**Propulsion Quebec**](https://millionrounds.com/company/propulsion-quebec) Propulsion Quebec is a transportation company that supports the development and deployment of smart and electric transportation. Canada $2.2M - [**CERT Systems**](https://millionrounds.com/company/cert-systems) CERT Systems is converting carbon dioxide into conventional chemical feedstocks and fuels. Canada $2.0M - [**TerraFixing**](https://millionrounds.com/company/terrafixing) TerraFixing is a Canadian direct air capture (DAC) company. Canada $1.8M - [**Agora Energy Technologies**](https://millionrounds.com/company/agora-energy-technologies) Agora Energy Technologies provides an electrochemical engineering company that utilizes captured CO2 and generates electricity. Canada $1.7M ### Oil & Gas 4 startups · $49M raised - [**Fireweed Metals**](https://millionrounds.com/company/fireweed-metals) Fireweed Metals is a Canadian mining exploration and development company. Canada $44M - [**Northcliff Resources**](https://millionrounds.com/company/northcliff-resources) Northcliff Resources is a mineral development company focused on advancing the Sisson Tungsten-Molybdenum. Canada $2.5M - [**Occam's Technologies**](https://millionrounds.com/company/occam-s-technologies) Occam's Technologies creates carbon capture solutions for the most neglected source of emissions: internal combustion engines. Canada $2.0M - [**Optiseis Solutions Ltd**](https://millionrounds.com/company/optiseis-solutions-ltd) OptiSeis Solutions is a geophysical acquisition design & software company, specializing in seismic survey designs. Canada $538K ### Fintech 3 startups · $22M raised - [*N* **Nada**](https://millionrounds.com/company/nada) United States $11M - [**Sofiac**](https://millionrounds.com/company/sofiac) SOFIAC helps commercial and industrial sector businesses to increase their profitability through development, financing. Canada $9.2M - [**Sakku Investments**](https://millionrounds.com/company/sakku-investments) Sakku Investments Corporation focuses on employment, real estate, renewable energy, and transportation for Inuit in the Kivalliq region. Canada $1.8M ### Manufacturing 3 startups · $3.9M raised - [**NXTSENS Microsystems**](https://millionrounds.com/company/nxtsens-microsystems) NXTSENS Microsystems is a performance leading fabless semiconductor company that provides tailored sensing, timing. Canada $1.9M - [**Mont Royal Resources**](https://millionrounds.com/company/mont-royal-resources) Mont Royal Resources engages in the mining and exploration of mineral projects. Australia $1.9M - [**Gamotech**](https://millionrounds.com/company/gamotech) Gamotech creates and commercializes technology that minimizes carbon emissions in municipal and commercial fleets today. Canada $71K **How this map is made.** Every startup here has raised money in a round we track that names Natural Resources Canada as an investor, the first in 2021. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Government fund · Canada **Export Development Canada** 65 startups · 12 sectors · $9.9B](https://millionrounds.com/portfolio-maps/export-development-canada-portfolio-map)[Government fund · Canada **Government of Canada** 61 startups · 12 sectors · $24B](https://millionrounds.com/portfolio-maps/government-of-canada-portfolio-map)[Government fund · Canada **Desjardins Venture Capital** 26 startups · 6 sectors · $1.7B](https://millionrounds.com/portfolio-maps/desjardins-venture-capital-portfolio-map)[Accelerator · Canada **Creative Destruction Lab** 216 startups · 12 sectors · $3.5B](https://millionrounds.com/portfolio-maps/creative-destruction-lab-portfolio-map)[VC firm · Canada **BDC Capital** 192 startups · 12 sectors · $7.8B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-portfolio-map)[VC firm · Canada **Village Global** 155 startups · 12 sectors · $10B](https://millionrounds.com/portfolio-maps/village-global-portfolio-map) ## Raising from investors like Natural Resources Canada? 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