# Top 50 Cleantech Startups in Canada by Funding (2026)

> The 50 best-funded cleantech startups in Canada, ranked by total funding raised: $2.4B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Enerkem** Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products.](https://millionrounds.com/company/enerkem) Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products. *Founded* 2000 Montreal, Canada **$396M** last round Sept 2015
- 2 [**General Fusion** General Fusion develops commercial fusion energy using Magnetized Target Fusion technology.](https://millionrounds.com/company/general-fusion) General Fusion develops commercial fusion energy using Magnetized Target Fusion technology. *Founded* 2002 Richmond, Canada **$241M** last round Jul 2026
- 3 [**EverWind Fuels** EverWind Fuels developing new solar and wind farms to produce green hydrogen.](https://millionrounds.com/company/everwind-fuels) EverWind Fuels developing new solar and wind farms to produce green hydrogen. *Founded* 2021 Halifax, Canada **$234M** last round Jan 2026
- 4 [**Amp Solar**](https://millionrounds.com/company/amp-solar) *Founded* - Canada **$154M** last round Oct 2018
- 5 [**Cyclic Materials** Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto.](https://millionrounds.com/company/cyclic-materials) Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto. *Founded* 2021 Toronto, Canada **$150M** last round Aug 2026
- 6 [**ecobee** Ecobee is a provider of Wi-Fi enabled smart thermostats for residential and commercial applications.](https://millionrounds.com/company/ecobee) Ecobee is a provider of Wi-Fi enabled smart thermostats for residential and commercial applications. *Founded* 2007 Toronto, Canada **$148M** last round May 2018
- 7 [**Kanin Energy** Kanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization.](https://millionrounds.com/company/kanin-energy) Kanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization. *Founded* 2020 Calgary, Canada **$100M** last round Sept 2026
- 8 [**Eavor**](https://millionrounds.com/company/eavor) *Founded* - Canada **$82M** last round Jul 2026
- 9 [**Ram Power** Ram Power is a renewable energy company engaged in the acquisition, development and operation of geothermal properties.](https://millionrounds.com/company/ram-power) Ram Power is a renewable energy company engaged in the acquisition, development and operation of geothermal properties. *Founded* 1984 Reno, Canada **$77M** last round Dec 2009
- 10 [**Terrestrial Energy** Terrestrial Energy is a developer of a reactor power plant technology to provide carbon-free energy for the global industry.](https://millionrounds.com/company/terrestrial-energy) Terrestrial Energy is a developer of a reactor power plant technology to provide carbon-free energy for the global industry. *Founded* 2013 Oakville, Canada **$76M** last round Oct 2025
- 11 [**Inocucor**](https://millionrounds.com/company/inocucor) *Founded* - Canada **$70M** last round Apr 2018
- 12 [**Ostara**](https://millionrounds.com/company/ostara) *Founded* - Canada **$57M** last round Jan 2019
- 13 [**SkyPower** SkyPower is a developer and owner of solar energy projects.](https://millionrounds.com/company/skypower) SkyPower is a developer and owner of solar energy projects. *Founded* 2003 Toronto, Canada **$50M** last round Nov 2009
- 14 [**Loraxian** Loraxian is a construction company that develops renewable energy infrastructures for municipalities, industrial and commercial sectors.](https://millionrounds.com/company/loraxian) Loraxian is a construction company that develops renewable energy infrastructures for municipalities, industrial and commercial sectors. *Founded* 2014 Oakville, Canada **$50M** last round Nov 2017
- 15 [**Morgan Solar** Morgan Solar is a provider of low-cost solar power applications.](https://millionrounds.com/company/morgan-solar) Morgan Solar is a provider of low-cost solar power applications. *Founded* 2007 Toronto, Canada **$48M** last round Jul 2016
- 16 [**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.](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. *Founded* 2015 Montreal, Canada **$43M** last round Apr 2026
- 17 [**SWTCH** SWTCH Energy Inc.](https://millionrounds.com/company/swtch) SWTCH Energy Inc. *Founded* 2016 Toronto, Canada **$32M** last round Jul 2025
- 18 [**e-Zinc** e-Zinc is an energy storage company based in Toronto, Canada, focused on developing zinc-based long-duration energy storage solutions.](https://millionrounds.com/company/e-zinc) e-Zinc is an energy storage company based in Toronto, Canada, focused on developing zinc-based long-duration energy storage solutions. *Founded* 2013 Toronto, Canada **$31M** last round Jun 2024
- 19 [**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
- 20 [**Inventys**](https://millionrounds.com/company/inventys) *Founded* - Canada **$26M** last round Jun 2019
- 21 [**SPARK Microsystems** SPARK Microsystems is a Canadian fabless semiconductor company based in Montreal, Quebec.](https://millionrounds.com/company/spark-microsystems) SPARK Microsystems is a Canadian fabless semiconductor company based in Montreal, Quebec. *Founded* 2016 Montreal, Canada **$25M** last round May 2026
- 22 [**Parity**](https://millionrounds.com/company/parity) *Founded* - Canada **$23M** last round Sept 2024
- 23 [**Axine Water Technologies** Axine Water Technologies is a leader in electrochemical oxidation technology for industrial wastewater treatment, focusing on the effective destruction of persi](https://millionrounds.com/company/axine-water-technologies) Axine Water Technologies is a leader in electrochemical oxidation technology for industrial wastewater treatment, focusing on the effective destruction of persi *Founded* 2010 Vancouver, Canada **$21M** last round Nov 2024
- 24 [**Peak Power** Peak Power is an energy services company based in Berlin that specializes in managing flexible energy assets.](https://millionrounds.com/company/peak-power) Peak Power is an energy services company based in Berlin that specializes in managing flexible energy assets. *Founded* 2022 Berlin, Canada **$20M** last round May 2023
- 25 [**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
- 26 [**Atlas Salt** Atlas salt is a salt mining company.](https://millionrounds.com/company/atlas-salt) Atlas salt is a salt mining company. *Founded* - St. John's, Canada **$17M** last round May 2026
- 27 [**Taxelco** Taxelco is the largest taxi dispatcher and traditional taxi company in Quebec and Canada, based in Montréal.](https://millionrounds.com/company/taxelco) Taxelco is the largest taxi dispatcher and traditional taxi company in Quebec and Canada, based in Montréal. *Founded* 2014 Montreal, Canada **$17M** last round Feb 2018
- 28 [**BluWave-ai** BluWave-ai is a Canadian clean-tech company based in Ottawa, Ontario, focused on artificial intelligence solutions for the energy sector.](https://millionrounds.com/company/bluwave-ai) BluWave-ai is a Canadian clean-tech company based in Ottawa, Ontario, focused on artificial intelligence solutions for the energy sector. *Founded* 2017 Ottawa, Canada **$16M** last round Nov 2026
- 29 [**CURA** CURA is a climatetech startup building breakthrough electrochemical technology to decarbonize one of the world's hardest-to-abate sectors: cement.](https://millionrounds.com/company/cura) CURA is a climatetech startup building breakthrough electrochemical technology to decarbonize one of the world's hardest-to-abate sectors: cement. *Founded* 2025 Calgary, Canada **$14M** last round Sept 2026
- 30 [**Sparq Systems** Sparq Systems designs and manufactures micro-inverters for the residential solar market.](https://millionrounds.com/company/sparq-systems) Sparq Systems designs and manufactures micro-inverters for the residential solar market. *Founded* 2009 Kingston, Canada **$14M** last round Oct 2014
- 31 [**Voltai** Voltai is a cleantech company based in Nova Scotia, Canada, specializing in motion-powered generators that convert wave and vibration energy into clean electricity.](https://millionrounds.com/company/voltai) Voltai is a cleantech company based in Nova Scotia, Canada, specializing in motion-powered generators that convert wave and vibration energy into clean electricity. *Founded* 2022 Halifax, Canada **$13M** last round Apr 2026
- 32 [**Performance Plants** Performance Plants Inc.](https://millionrounds.com/company/performance-plants) Performance Plants Inc. *Founded* 1995 Kingston, Canada **$13M** last round Jul 2008
- 33 [**Ballard Power Systems** Ballard Power Systems Inc., is a world leader in the development, manufacture, sale and servicing of hydrogen fuel cell power systems.](https://millionrounds.com/company/ballard-power-systems) Ballard Power Systems Inc., is a world leader in the development, manufacture, sale and servicing of hydrogen fuel cell power systems. *Founded* 1979 Burnaby, Canada **$13M** last round Aug 2012
- 34 [**Nunavut Nunkiksautiit Corporation** Nunavut Nunkiksautiit seeks to create jobs, local revenue in communities, and build local capacity within the renewable energy sector.](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. *Founded* - Iqaluit, Canada **$10M** last round Jun 2026
- 35 [**CURA Climate**](https://millionrounds.com/company/cura-climate) *Founded* - Canada **$10M** last round Sept 2026
- 36 [**Northstar Clean Technologies** Northstar Clean Technologies focuses on the recovery and reprocessing of single-use asphalt shingles.](https://millionrounds.com/company/northstar-clean-technologies) Northstar Clean Technologies focuses on the recovery and reprocessing of single-use asphalt shingles. *Founded* 2017 Delta, Canada **$9.7M** last round Mar 2026
- 37 [**Day4 Energy** Day4 Energy is a growing, global brand delivering innovative photovoltaic (PV) technologies, products, services and manufacturing solutions.](https://millionrounds.com/company/day4-energy) Day4 Energy is a growing, global brand delivering innovative photovoltaic (PV) technologies, products, services and manufacturing solutions. *Founded* 2001 Burnaby, Canada **$9.3M** last round Jan 2007
- 38 [**Oneka Technologies** Wave-Powered Sustainable Desalination Solutions for Coastal Communities and Industries facing Water Scarcity](https://millionrounds.com/company/oneka-technologies) Wave-Powered Sustainable Desalination Solutions for Coastal Communities and Industries facing Water Scarcity *Founded* 2015 Sherbrooke, Canada **$9.3M** last round Sept 2023
- 39 [**CRAiLAR** Naturally Advanced Technologies, a cleantech company, provides textile, composite and pulping solutions using hemp and other bast fibers.](https://millionrounds.com/company/crailar) Naturally Advanced Technologies, a cleantech company, provides textile, composite and pulping solutions using hemp and other bast fibers. *Founded* 1998 Canada **$8.7M** last round Dec 2013
- 40 [**SolarGreen** Solargreen is a solatube dealer that offers solar solutions for residential and commercial needs.](https://millionrounds.com/company/solargreen) Solargreen is a solatube dealer that offers solar solutions for residential and commercial needs. *Founded* 2019 Englewood, Canada **$7.7M** last round Jan 2013
- 41 [**Hydrogenics** SHIFT POWER │ ENERGIZE YOUR WORLD Hydrogenics, a Cummins company, is an industry leader in designing, manufacturing, building and installing industrial and comm](https://millionrounds.com/company/hydrogenics) SHIFT POWER │ ENERGIZE YOUR WORLD Hydrogenics, a Cummins company, is an industry leader in designing, manufacturing, building and installing industrial and comm *Founded* 1995 Mississauga, Canada **$7.5M** last round May 2015
- 42 [**Alberta Innovates** Alberta Innovates is a research and innovation agency that provides funding and commercialization services.](https://millionrounds.com/company/alberta-innovates) Alberta Innovates is a research and innovation agency that provides funding and commercialization services. *Founded* 2016 Edmonton, Canada **$7.3M** last round Jul 2024
- 43 [**Sofdesk** Sofdesk offers web application solutions for solar installation, roofing, and insurance companies.](https://millionrounds.com/company/sofdesk) Sofdesk offers web application solutions for solar installation, roofing, and insurance companies. *Founded* 2013 Montreal, Canada **$5.7M** last round Oct 2019
- 44 [**Inventys Thermal Technologies**](https://millionrounds.com/company/inventys-thermal-technologies) *Founded* - Canada **$5.0M** last round Feb 2019
- 45 [**INGU** INGU Solutions Inc., based in Calgary, Alberta, with an operational hub in Houston, Texas, is a technology company specializing in pipeline integrity management.](https://millionrounds.com/company/ingu) INGU Solutions Inc., based in Calgary, Alberta, with an operational hub in Houston, Texas, is a technology company specializing in pipeline integrity management. *Founded* 2014 Calgary, Canada **$4.8M** last round Oct 2019
- 46 [**HAVEN IAQ** HAVEN IAQ is a technology company based in Vancouver, focused on improving indoor air quality (IAQ) for homes with central-forced air systems.](https://millionrounds.com/company/haven-iaq) HAVEN IAQ is a technology company based in Vancouver, focused on improving indoor air quality (IAQ) for homes with central-forced air systems. *Founded* 2013 Vancouver, Canada **$4.0M** last round Mar 2021
- 47 [**E2metrix** E2metrix develops and commercializes wastewater and recirculated water systems to remove targeted contaminants for a variety of industries,](https://millionrounds.com/company/e2metrix) E2metrix develops and commercializes wastewater and recirculated water systems to remove targeted contaminants for a variety of industries, *Founded* 2011 Sherbrooke, Canada **$3.9M** last round Sept 2020
- 48 [**Fex Energy** FeX Energy is a Montreal-based clean technology startup founded in 2023, emerging from over 15 years of research.](https://millionrounds.com/company/fex-energy) FeX Energy is a Montreal-based clean technology startup founded in 2023, emerging from over 15 years of research. *Founded* 2023 Montreal, Canada **$3.5M** last round Sept 2025
- 49 [**Hydrogen Optimized** Hydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets.](https://millionrounds.com/company/hydrogen-optimized) Hydrogen Optimized develops and commercializes innovative large-scale Green Hydrogen production systems targeted to high-growth markets. *Founded* 2017 Owen Sound, Canada **$3.5M** last round Sept 2023
- 50 [**Neurio Technology** Neurio Technology operates as a home intelligence technology company that develops hardware and software solutions for utilities.](https://millionrounds.com/company/neurio-technology) Neurio Technology operates as a home intelligence technology company that develops hardware and software solutions for utilities. *Founded* 2005 Vancouver, Canada **$3.3M** last round May 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?

Open any company for its rounds and investors, or search the investors who back cleantech startups in Canada in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More cleantech lists

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

[*C* *AR* *E* **Cleantech startups in the United States** 480 companies · $50B](https://millionrounds.com/top-lists/cleantech-startups-united-states)[*C* *AR* *S* **Cleantech startups that raised in 2026** 276 companies · $37B in 2026](https://millionrounds.com/top-lists/cleantech-startups-raised-2026)[*S* *C* *OE* **Cleantech startups in the United Kingdom** 156 companies · $8.9B](https://millionrounds.com/top-lists/cleantech-startups-united-kingdom)[*C* *AR* *FE* **Cleantech startups in the United States that raised in 2026** 108 companies · $31B in 2026](https://millionrounds.com/top-lists/cleantech-startups-united-states-raised-2026)[*1* *N* *P* **Cleantech startups founded in 2021** 83 companies · $3.7B](https://millionrounds.com/top-lists/cleantech-startups-founded-2021)[*FF* *S* *E* **Cleantech startups founded in 2020** 76 companies · $8.3B](https://millionrounds.com/top-lists/cleantech-startups-founded-2020)[*KF* *A* *PC* **Cleantech startups founded in 2019** 70 companies · $4.5B](https://millionrounds.com/top-lists/cleantech-startups-founded-2019)[*RE* *RP* *SE* **Cleantech startups founded in 2022** 68 companies · $3.7B](https://millionrounds.com/top-lists/cleantech-startups-founded-2022)

## More lists for Canada

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

[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*A* *T* *AP* **Health startups in Canada** 386 companies · $5.7B](https://millionrounds.com/top-lists/health-startups-canada)[*C* *H8* *C* **AI startups in Canada** 285 companies · $20B](https://millionrounds.com/top-lists/ai-startups-canada)[*LG* *P* *H* **IT Services startups in Canada** 232 companies · $2.0B](https://millionrounds.com/top-lists/it-services-startups-canada)[*A* *T* *RT* **Biotech startups in Canada** 210 companies · $4.9B](https://millionrounds.com/top-lists/biotech-startups-canada)[*A* *RT* *T* **Healthcare startups in Canada** 195 companies · $3.7B](https://millionrounds.com/top-lists/healthcare-startups-canada)[*E* *GF* *EF* **Climate tech startups in Canada** 126 companies · $2.8B](https://millionrounds.com/top-lists/climate-tech-startups-canada)[*5G* *T* *P* **Big Data & Analytics startups in Canada** 116 companies · $3.0B](https://millionrounds.com/top-lists/big-data-startups-canada)