# Top 40 Chemicals & Materials Startups in Canada by Funding (2026)

> The 40 best-funded chemicals & Materials startups in Canada, ranked by total funding raised: $1.3B combined.

Source: https://millionrounds.com/top-lists/chemicals-startups-canada (Millionrounds; every figure on the page links to its filing or article)

- 1 [**OR Royalties** OR Royalties is an intermediate precious metal royalty company that produces all types of precious metals.](https://millionrounds.com/company/or-royalties) OR Royalties is an intermediate precious metal royalty company that produces all types of precious metals. *Founded* - Montreal, Canada **$474M** last round Jun 2025
- 2 [**Triple Flag Precious Metals** Triple Flag operates as a streaming and royalty company that provides financing solutions to the mining industry.](https://millionrounds.com/company/triple-flag-precious-metals) Triple Flag operates as a streaming and royalty company that provides financing solutions to the mining industry. *Founded* 2016 Toronto, Canada **$300M** last round May 2026
- 3 [**TRIUMF** Canada’s national laboratory for particle and nuclear physics and accelerator-based science.](https://millionrounds.com/company/triumf) Canada’s national laboratory for particle and nuclear physics and accelerator-based science. *Founded* 1970 Vancouver, Canada **$290M** last round Apr 2024
- 4 [**Polystyvert** Polystyvert est une entreprise montréalaise du secteur des technologies propres qui révolutionne le monde du recyclage des plastiques en mettant en place une éc](https://millionrounds.com/company/polystyvert) Polystyvert est une entreprise montréalaise du secteur des technologies propres qui révolutionne le monde du recyclage des plastiques en mettant en place une éc *Founded* 2011 Anjou, Canada **$29M** last round Jul 2024
- 5 [**GreenMantra Technologies** GreenMantra Technologies develops a proprietary catalytic process to economically produce commercial quality waxes.](https://millionrounds.com/company/greenmantra-technologies) GreenMantra Technologies develops a proprietary catalytic process to economically produce commercial quality waxes. *Founded* 2010 Brantford, Canada **$27M** last round Sept 2025
- 6 [**CarboNet** CarboNet is a specialty chemical company that develops proprietary blends of polymer and surfactant nanoparticles](https://millionrounds.com/company/carbonet) CarboNet is a specialty chemical company that develops proprietary blends of polymer and surfactant nanoparticles *Founded* 2016 Vancouver, Canada **$20M** last round Feb 2022
- 7 [**NanoXplore** A graphene company, a manufacturer and supplier of high volume graphene powder for use in industrial markets.](https://millionrounds.com/company/nanoxplore) A graphene company, a manufacturer and supplier of high volume graphene powder for use in industrial markets. *Founded* 2011 Montréal, Canada **$18M** last round Oct 2025
- 8 [**UpSolv** UpSolv is a Montreal-based cleantech company specializing in recycling hard-to-recycle thermoplastics, particularly polystyrene (PS) and ABS.](https://millionrounds.com/company/upsolv) UpSolv is a Montreal-based cleantech company specializing in recycling hard-to-recycle thermoplastics, particularly polystyrene (PS) and ABS. *Founded* 2011 Montreal, Canada **$16M** last round Jul 2024
- 9 [**MineSense Technologies** MineSense Technologies is a developer of a data analytics platform intended to monitor and improve the productivity and recovery of mines.](https://millionrounds.com/company/minesense-technologies) MineSense Technologies is a developer of a data analytics platform intended to monitor and improve the productivity and recovery of mines. *Founded* 2008 Vancouver, Canada **$15M** last round Jun 2015
- 10 [**Basetwo AI** Basetwo is an AI CoPilot for manufacturing that provides engineers with recommendations on how to optimize yield, quality, and costs.](https://millionrounds.com/company/basetwo-ai) Basetwo is an AI CoPilot for manufacturing that provides engineers with recommendations on how to optimize yield, quality, and costs. *Founded* - Toronto, Canada **$13M** last round Oct 2025
- 11 [**Creative Destruction Lab** Creative Destruction Lab provides an early-stage startup program that helps entrepreneurs develop technology-based ventures.](https://millionrounds.com/company/creative-destruction-lab) Creative Destruction Lab provides an early-stage startup program that helps entrepreneurs develop technology-based ventures. *Founded* 2012 Toronto, Canada **$11M** last round Jun 2026
- 12 [**Yava Technologies** Yava Technologies develops and licenses mineral recovery process solutions for mining and mineral processing industries.](https://millionrounds.com/company/yava-technologies) Yava Technologies develops and licenses mineral recovery process solutions for mining and mineral processing industries. *Founded* 1990 Toronto, Canada **$8.7M** last round Jan 2014
- 13 [**North American Palladium** NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada](https://millionrounds.com/company/north-american-palladium) NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada *Founded* 1993 Toronto, Canada **$4.5M** last round Feb 2014
- 14 [**Clean Metals Recycling** Clean Metals Recycling is a metal recycling company that aims to transform industrial waste into valuable metal byproducts.](https://millionrounds.com/company/clean-metals-recycling) Clean Metals Recycling is a metal recycling company that aims to transform industrial waste into valuable metal byproducts. *Founded* - Toronto, Canada **$4.2M** last round May 2025
- 15 [**Brilliant Matters** Brilliant Matters is a Canadian materials science company based in Quebec City, specializing in advanced organic semiconductors for the printed electronics and](https://millionrounds.com/company/brilliant-matters) Brilliant Matters is a Canadian materials science company based in Quebec City, specializing in advanced organic semiconductors for the printed electronics and *Founded* 2016 Saint-Augustin-de-Desmaures, Canada **$3.8M** last round Sept 2023
- 16 [**CHARBONE** CHARBONE Corporation is a green hydrogen company focusing on ultra-high purity hydrogen and the distribution of industrial gases.](https://millionrounds.com/company/charbone) CHARBONE Corporation is a green hydrogen company focusing on ultra-high purity hydrogen and the distribution of industrial gases. *Founded* 2019 Brossard, Canada **$3.7M** last round Mar 2026
- 17 [**Carbonova** Carbonova is a company that develops carbon nanofibres for its extraordinary market applications.](https://millionrounds.com/company/carbonova) Carbonova is a company that develops carbon nanofibres for its extraordinary market applications. *Founded* 2018 Calgary, Canada **$3.7M** last round Dec 2025
- 18 [**Auriginal Mining** Auriginal Mining is a natural resource corporation principally engaged in the exploration and development of precious metal.](https://millionrounds.com/company/auriginal-mining) Auriginal Mining is a natural resource corporation principally engaged in the exploration and development of precious metal. *Founded* - Boucherville, Canada **$3.4M** last round Nov 2025
- 19 [**Phaseshift Technologies** Accelerated development of new use-case specific materials using AI and Quantum Chemistry.](https://millionrounds.com/company/phaseshift-technologies) Accelerated development of new use-case specific materials using AI and Quantum Chemistry. *Founded* 2019 Canada **$3.0M** last round Oct 2024
- 20 [**Meissner** MEISSNER is a materials company dedicated to discovering and commercializing high-temperature superconductors that do not rely on rare-earth elements.](https://millionrounds.com/company/meissner) MEISSNER is a materials company dedicated to discovering and commercializing high-temperature superconductors that do not rely on rare-earth elements. *Founded* 2025 Toronto, Canada **$2.6M** last round Sept 2026
- 21 [**Reusables.com** Reusables.com is a Canadian technology platform focused on the circular economy.](https://millionrounds.com/company/reusables-com) Reusables.com is a Canadian technology platform focused on the circular economy. *Founded* 2020 Vancouver, Canada **$2.6M** last round Apr 2025
- 22 [**RZOLV Technologies** RZOLV Technologies focused on developing advanced, technology-driven solutions to improve mining operations.](https://millionrounds.com/company/rzolv-technologies) RZOLV Technologies focused on developing advanced, technology-driven solutions to improve mining operations. *Founded* - Vancouver, Canada **$2.2M** last round Sept 2025
- 23 [**Agapyo** agapyo develops and delivers the compostable alternative to petro-plastic with their thermoplastic lignocellulose jam product.](https://millionrounds.com/company/agapyo) agapyo develops and delivers the compostable alternative to petro-plastic with their thermoplastic lignocellulose jam product. *Founded* - Montréal, Canada **$1.9M** last round Jun 2026
- 24 [**Evercloak** Evercloak is a cleantech startup that specializes in manufacturing ultra-thin graphene and other 2D nanomaterial films.](https://millionrounds.com/company/evercloak) Evercloak is a cleantech startup that specializes in manufacturing ultra-thin graphene and other 2D nanomaterial films. *Founded* 2018 Waterloo, Canada **$1.7M** last round Oct 2026
- 25 [**H2nanO** Sustainable, passive technology for water treatment and emissions reduction.](https://millionrounds.com/company/h2nano) Sustainable, passive technology for water treatment and emissions reduction. *Founded* 2015 Kitchener, Canada **$1.6M** last round Jun 2026
- 26 [**Mesosil** Mesosil is a Toronto-based company specializing in anti-infective materials.](https://millionrounds.com/company/mesosil) Mesosil is a Toronto-based company specializing in anti-infective materials. *Founded* 2018 Toronto, Canada **$1.6M** last round Jun 2024
- 27 [**ORA Graphene Audio Inc.** Advanced Nanomaterials for High Performance Loudspeakers](https://millionrounds.com/company/ora-graphene-audio-inc) Advanced Nanomaterials for High Performance Loudspeakers *Founded* 2016 Montreal, Canada **$1.5M** last round Aug 2025
- 28 [**Pyrowave** Pyrowave closes the loop of polymer lifecycle by bringing plastic waste back to life.](https://millionrounds.com/company/pyrowave) Pyrowave closes the loop of polymer lifecycle by bringing plastic waste back to life. *Founded* 2014 Montreal, Canada **$1.5M** last round Apr 2021
- 29 [**GH power** GH Power builds and operates energy reactors that deliver green base-load power in a world that needs renewable energy now more than ever.](https://millionrounds.com/company/gh-power) GH Power builds and operates energy reactors that deliver green base-load power in a world that needs renewable energy now more than ever. *Founded* 2017 Deep River, Canada **$1.4M** last round Jan 2026
- 30 [**TetraGen Robotics** TetraGen Robotics is a robotics engineering company based in Winnipeg, Manitoba, Canada, founded in 2022.](https://millionrounds.com/company/tetragen-robotics) TetraGen Robotics is a robotics engineering company based in Winnipeg, Manitoba, Canada, founded in 2022. *Founded* 2022 Winnipeg, Canada **$1.3M** last round Aug 2026
- 31 [**Enovex** Enovex is developing advanced gas separation technologies with breakthrough characteristics, targeting high-value industrial gasses.](https://millionrounds.com/company/enovex) Enovex is developing advanced gas separation technologies with breakthrough characteristics, targeting high-value industrial gasses. *Founded* 2009 Saint John, Canada **$1.1M** last round Jan 2012
- 32 [**Fibernx** Fibernx develops sustainable carbon fiber and carbon nanofiber materials for industrial and energy applications.](https://millionrounds.com/company/fibernx) Fibernx develops sustainable carbon fiber and carbon nanofiber materials for industrial and energy applications. *Founded* - Vancouver, Canada **$1.0M** last round Jul 2025
- 33 [**C2C Link** C2C Link designs and manufactures nonlinear optical chips for wavelength conversion.](https://millionrounds.com/company/c2c-link) C2C Link designs and manufactures nonlinear optical chips for wavelength conversion. *Founded* 2008 Hamilton, Canada **$982K** last round Jan 2010
- 34 [**Cycle Momentum** Cycle Momentum offers acceleration and open innovation programs dedicated to the clean technology ecosystem.](https://millionrounds.com/company/cycle-momentum) Cycle Momentum offers acceleration and open innovation programs dedicated to the clean technology ecosystem. *Founded* 2014 Montréal, Canada **$800K** last round Nov 2024
- 35 [**Kit Steel** Kit Steel is an on-time delivery from a trustworthy Canadian rebar supplier.](https://millionrounds.com/company/kit-steel) Kit Steel is an on-time delivery from a trustworthy Canadian rebar supplier. *Founded* - Welland, Canada **$472K** last round Jan 2026
- 36 [**Coloursmith Labs Inc.** Coloursmith Labs Inc.](https://millionrounds.com/company/coloursmith-labs-inc) Coloursmith Labs Inc. *Founded* 2018 Halifax, Canada **$398K** last round Jul 2021
- 37 [**Telescope Innovations** Telescope Innovations is a chemical manufacturing company that provides contract research, automation products, and IP licensing services.](https://millionrounds.com/company/telescope-innovations) Telescope Innovations is a chemical manufacturing company that provides contract research, automation products, and IP licensing services. *Founded* 2019 Vancouver, Canada **$226K** last round Nov 2025
- 38 [**Libra Energy Materials** Libra Energy Materials is a mineral exploration company that helps in assessing acquisitions.](https://millionrounds.com/company/libra-energy-materials) Libra Energy Materials is a mineral exploration company that helps in assessing acquisitions. *Founded* - Vancouver, Canada **$144K** last round Apr 2026
- 39 [**Forward Water Technologies** A new water treatment process to lower costs and reduce the need for wastewater disposal during oil production.](https://millionrounds.com/company/forward-water-technologies) A new water treatment process to lower costs and reduce the need for wastewater disposal during oil production. *Founded* 2012 Mississauga, Canada **$6K** last round Nov 2025
- 40 [**New Earth Waste Services** New Earth Waste Services provides junk, garbage removal services for homes and businesses.](https://millionrounds.com/company/new-earth-waste-services) New Earth Waste Services provides junk, garbage removal services for homes and businesses. *Founded* 2014 Calgary, Canada **$5K** last round Jan 2015

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More chemicals & materials lists

[See all](https://millionrounds.com/top-lists?t=Chemicals%20%26%20Materials)

[*UR* *M* *RM* **Chemicals & Materials startups in the United States** 277 companies · $11B](https://millionrounds.com/top-lists/chemicals-startups-united-states)[*UR* *M* *C* **Chemicals & Materials startups that raised in 2026** 163 companies · $9.1B in 2026](https://millionrounds.com/top-lists/chemicals-startups-raised-2026)[*C* *M* *MA* **Chemicals & Materials startups in the United Kingdom** 84 companies · $2.7B](https://millionrounds.com/top-lists/chemicals-startups-united-kingdom)[*UR* *M* *C* **Chemicals & Materials startups in the United States that raised in 2026** 59 companies · $7.0B in 2026](https://millionrounds.com/top-lists/chemicals-startups-united-states-raised-2026)[*UR* *PT* *M* **Chemicals & Materials startups founded in 2019** 52 companies · $4.4B](https://millionrounds.com/top-lists/chemicals-startups-founded-2019)[*TM* *LD* *HE* **Chemicals & Materials startups founded in 2020** 42 companies · $405M](https://millionrounds.com/top-lists/chemicals-startups-founded-2020)[*MC* *L* *AS* **Chemicals & Materials startups founded in 2021** 39 companies · $447M](https://millionrounds.com/top-lists/chemicals-startups-founded-2021)[*P* *S* *A* **Chemicals & Materials startups founded in 2018** 39 companies · $336M](https://millionrounds.com/top-lists/chemicals-startups-founded-2018)

## More lists for Canada

[See all](https://millionrounds.com/top-lists?r=Canada)

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