Advanced Materials · Canada, India

Best Advanced Materials Companies in Canada

Updated 2026-06-22 · Ranked by funding & momentum

91 indexable Advanced Materials companies headquartered in Canada, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $634.1M across 34 funded companies.

91
Companies
$634.1M
Total Funding
34
Funded
0
Unicorns
0
Rounds (90d)

Ranked: Best Advanced Materials companies in Canada

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 HydroGraph
Manufacturer of graphene and nanomaterials using patented detonation process
$28M Public Post IPO Mar 2026 3 2017 ↑ Active
2 NanoXplore
Manufacturer of graphene and developer of new materials using graphene
$91.7M Public Post IPO Oct 2025 450 2011 ↑ Active
3 Carbonova
Provider of solutions for converting greenhouse gas emissions into sustainable carbon nanomaterials for various industries
$6M Series A Series A Nov 2025 8 2017 ↑ Active
4 Genecis
Developer of onsite food waste management systems
$10.3M Series A Series A Jun 2025 49 2016 ↑ Active
5 3D BioFibR
Provider of low-denier multifilament fibres from proteins
$4.8M Seed Seed Jun 2025 14 2020 ↑ Active
6 Miru Smart Technologies
Manufacturer of electrochromic windows
$20.3M Series A Series A Aug 2024 43 2012 ↑ Active
7 Homerun Resources
Homerun Resources - Home
$4.8M Public Post IPO Mar 2025 1980 ↑ Active
8 Plaid Technologies
Developer of graphene-engineered materials for enhancing strength, durability, and environmental performance
$608.1K Public Post IPO Oct 2025 2025 ↑ Active
9 GaN Systems
Manufacturer of semiconductor and system solutions for various application areas
$220M Acquired Series B Nov 2021 200 2008
10 Otilu Mionics
Developer of advanced materials for electronics, displays, and quantum computing
$55M Series B Series B Oct 2022 54 2011
11 Metamaterial
Manufacturer of metamaterials
$13.7M Public Post IPO Sep 2023 239 2011
12 erthos
Developer of plant-based plastic alternatives
$11.2M Series A Series A Sep 2023 24 2018
13 Gratomic
Developer of graphene-based nanomaterials
$9.3M Public Post IPO May 2023 12 2007
14 Spiderwort
Developer of plant-based biomaterials for repair and regeneration of tissues
$16.1M Series A Series A Jul 2022 19 2017
15 Graphite Innovation & Technologies
Manufacturer of graphene
$7.5M Series A Series A Apr 2023 31 2017
16 Comet Bio
Technology developer for conversion of wood & wheat into cellulosic glucose syrup
$25M Series C Series C Jul 2021 36 2018
17 QD Solar
Developer pof quantum dot-based photovoltaic cells
$7.8M Acquired Series A Mar 2022 12 2014
18 EcoSynthetix
Bio-based binder polymers
$20.5M Public Grant (prize money) Jan 2012 26 1996
19 Grafoid
Graphene research, development & investment company
$18.4M Series A Series A Oct 2016 17 2011
20 Mirexus
Manufacturer of biopolymer-based nanoparticles
$16.1M Series B Grant (prize money) Nov 2017 7 2008
21 SWITCH
Developor of innovative materials that switch optical properties on command
$13.2M Deadpooled Grant (prize money) May 2016 7 2007
22 Mirexus Biotechnologies
Safe & Natural polysaccharide based Nanomaterials
$16.9M Series A Nov 2017 2008
23 INCA Renewtech
Provider of bio-composite materials
$4.5M Series A Series A Sep 2021 2020
24 ALT TEX
Provider of solutions to convert food waste into textiles
$1.4M Seed Seed Sep 2022 10 2020
25 Saint Jean Carbon
Developer of graphene-based products for Lithium batteries
$1.5M Deadpooled Post IPO Jan 2022 1997
26 CelluForce
Provides Cellulose NanoCrystals (CNC) solutions
$4M Series A Series A Mar 2015 14 2010
27 Myant
The company develops AI-optimized health solutions using textile computing
$1.2M Funding Raised Grant (prize money) May 2021 2010
28 QuantaSol
Concentrator solar cell manufacturer using nanostructures
$1.9M Acqui-Hired Seed Jun 2009 4,096 2006
29 GreenCore Composites
Manufacturer of natural fiber reinforced thermoplastic materials.
$850K Deadpooled Grant (prize money) Aug 2012 2 2005
30 OzoneBio
Developer of bio-adipic acid and bio-nylon from sustainable feedstocks
$250K Seed Grant (prize money) Dec 2021 6 2021
31 Nanointegris
Provides semiconducting & metallic single/multi-walled carbon nanotubes
$533.5K Funding Raised Grant (prize money) Jan 2012 4 2007
32 Mycodev Group
Develops and manufactures chitosan with the benefits of being non-animal.
$500K Seed Seed May 2015 3 2013
33 BodiTrak
Provider of smart fabric for pressure sensing
$300K Early Stage Unattributed Jun 2016 1992
34 Alchlight
Developer of laser surface processing technology and anti-icing transparent material
$225K Funding Raised Grant (prize money) Jul 2017 6 2015
35 Cellulotech
Developer of biomaterials for the packaging solutions
Seed Seed Jul 2025 2 2020 ↑ Active
36 MesoMat
Developer of conductive fiber for material monitoring
Seed Seed Jun 2025 10 2018 ↑ Active
37 MycoFutures
Developer of mycelium-based leather materials
Funding Raised Grant (prize money) May 2023 2021
38 Sinova Global
Supplier of quartz and silicon metal products
Series D Series D Dec 2021 2011
39 A2O Advanced Materials
Materials innovation company developing advanced bonding materials
Unfunded 2022
40 Advanced BioCarbon
Manufacturer of bioplastics using wood waste
Unfunded 2016
41 Agapyo
Developer of biodegradable plastic materials
Funding Raised 2023
42 Alternative Leathers
Provider of plant-based alternative leather
Unfunded 2021
43 Applied Graphene Solution
Manufacturer of graphene
Unfunded 2014
44 AQM
Developer of silicon quantum dots and nanomaterials for various applications
Unfunded 13 2015
45 Bio Graphene Solutions
Manufacturer of graphene products from organic materials for industrial applications
Funding Raised 8 2019
46 BIOPolynet
Biopolymer that can be used as binder to reduce soil erosion and control industrial dust
Funding Raised 5 2012
47 Blue Goose Biorefineries
Technology to manufacture cellulose nanocrystals products
Unfunded 2007
48 Boco Technology
Nanotechnology-based chitin nanowhisker & derivative products
Funding Raised 2013
49 canadian greenfield technologies
Canadian Greenfield Technologies is a manufacturing company that specializes in hemp processing technologies and product development.
Acquired 11 1987
50 Canuck Compounders
Manufacturer of advanced polymer materials
Acquired 40 1979

Top 12 Advanced Materials companies in Canada

#1
HydroGraph Public
$28M Raised
expand_more
location_onVancouver, British Columbia
Founded
2017
Employees
3
Funding raised
$28M
Stage
Public

Manufacturer of graphene and nanomaterials using patented detonation process. The company focuses on producing high-quality graphene through a unique, energy-efficient system. This system is modular, scalable, and designed to minimize waste. The company is certified for its production methods and quality control processes. It aims to commercialize graphene for various high-growth markets.

Funding rounds (9 disclosed of 9)
Round Date Amount
Post IPO Mar 2026 $485.9K
Post IPO Nov 2025 $536.5K
Post IPO Oct 2025 $14.2M
Post IPO Nov 2024 $2.7M
Post IPO May 2024 $2.7M
Post IPO Apr 2024 $869.9K
3 earlier rounds — sign up free
Founders & key people
Tech stack
animate.cssapple icloud mailbootstrapcdnjscloudflarecloudflare bot management+14
#2
NanoXplore Public
$91.7M Raised
expand_more
location_onMontreal, Montreal
Founded
2011
Employees
450
Funding raised
$91.7M
Stage
Public

Manufacturer of graphene and developer of new materials using graphene. The company offers carbon-based technology that provides signature graphene powder and graphene-enhanced masterbatch pellets that support various polymers. It can be used in electrical and thermal conductivity, mechanical strengthening, electromagnetic shielding, processability improvements, and superior UV inhibiting properties.

Funding rounds (12 disclosed of 13)
Round Date Amount
Post IPO Oct 2025 $17.9M
Grant (prize money) Mar 2021 $3.1M
Post IPO Nov 2020 Undisclosed
Post IPO Mar 2020 $18.1M
Grant (prize money) Jan 2020 $532.7K
Post IPO Jan 2019 $31M
7 earlier rounds — sign up free
Tech stack
cloudflarecore-jsdocusignelementorfacebook pixelfont awesome+14
#3
Carbonova Series A
$6M Raised
expand_more
location_onCalgary, Alberta
Founded
2017
Employees
8
Funding raised
$6M
Stage
Series A

Provider of solutions for converting greenhouse gas emissions into sustainable carbon nanomaterials for various industries. This entity specializes in converting carbon dioxide, methane, and waste energy into advanced carbon nanomaterials. These materials are designed to improve the performance and environmental footprint of products. The applications span across sectors such as plastics, where they contribute to lig

Funding rounds (5 disclosed of 5)
Round Date Amount
Series A Nov 2025 $3.6M
Grant (prize money) Jul 2025 $4.4M
Series A Mar 2024 $6M
Grant (prize money) Feb 2023 $1.5M
Grant (prize money) Mar 2022 $433.8K
Tech stack
cdnjscloudflarecore-jselementorgodaddygoogle analytics+14
#4
Genecis Series A
$10.3M Raised
expand_more
location_onToronto, Ontario
Founded
2016
Employees
49
Funding raised
$10.3M
Stage
Series A

Developer of onsite food waste management systems. It develops modular food waste treatment systems for on-site application. The machines convert food waste into volatile fatty acids which can be then sold to a variety of industries including pharmaceutical, biofuel, and biodegradable plastics. It plans to supply its products to restaurants and large kitchens.

Funding rounds (7 disclosed of 7)
Round Date Amount
Series A Jun 2025 $750K
Series A Dec 2024 $851.6K
Series A Mar 2023 $3.3M
Conventional Debt Aug 2022 $3M
Series A Aug 2022 $7M
Grant (prize money) Oct 2020 $100K
1 earlier round — sign up free
Tech stack
angularcart functionalitycore-jsgodaddygoogle font apihsts+12
#5
3D BioFibR Seed
$4.8M Raised
expand_more
location_onHalifax, Nova Scotia
Founded
2020
Employees
14
Funding raised
$4.8M
Stage
Seed

Provider of low-denier multifilament fibres from proteins. It provides users with a platform for manufacturing composites using bio-based materials. It also provides users with specializes in producing collagen fibres using its patented dry-spinning technology. Their fibres closely mimic the biomechanical and biochemical properties of natural collagen structures.

Funding rounds (4 disclosed of 4)
Round Date Amount
Seed Jun 2025 $3M
Seed Jul 2023 $3.5M
Seed Sep 2021 $700K
Seed Oct 2020 $550K
#6
$20.3M Raised
expand_more
location_onVancouver, British Columbia
Founded
2012
Employees
43
Funding raised
$20.3M
Stage
Series A

Manufacturer of electrochromic windows. Users can order windows by providing location, user details, payment details, preferred models, and more.

Funding rounds (4 disclosed of 4)
Round Date Amount
Series A Aug 2024 $20M
Grant (prize money) Jun 2020 $4.6M
Seed Aug 2019 $100K
Seed Jul 2019 $240K
#7
$4.8M Raised
expand_more
location_onVancouver, British Columbia
Founded
1980
Funding raised
$4.8M
Stage
Public

Homerun Resources | Ushering In a future where clean and renewable energy sources become the backbone of our global energy infrastructure.

Funding rounds (3 disclosed of 3)
Round Date Amount
Post IPO Mar 2025 $2.2M
Post IPO Oct 2024 $1.6M
Post IPO Apr 2024 $1M
Founders & key people
Tech stack
betterdocsbetterdocs plugincloudflarecloudflare bot managementcloudflare browser insightscore-js+14
#8
$608.1K Raised
expand_more
location_onVancouver, British Columbia
Founded
2025
Funding raised
$608.1K
Stage
Public

Developer of graphene-engineered materials for enhancing strength, durability, and environmental performance. The company focuses on applications in cement and related composites. It utilizes proprietary methodologies designed to improve material strength, conductivity, and durability. The company aims to provide industries with next-generation solutions for stronger, lighter, and more resilient products. It partners

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Oct 2025 $608.1K
Founders & key people
#9
GaN Systems Acquired
$220M Raised
expand_more
location_onOttawa, Ontario
Founded
2008
Employees
200
Funding raised
$220M
Stage
Acquired

Manufacturer of semiconductor and system solutions for various application areas. The company provides a range of products, including microcontrollers, memories, power management solutions, and sensor technology. These products serve applications such as automotive, industrial, consumer electronics, and information and communication technology. The company also offers design resources, support, and training for its p

Funding rounds (2 disclosed of 7)
Round Date Amount
Series B Nov 2021 $150M
Series B Dec 2019 Undisclosed
Series B Dec 2017 Undisclosed
Series B Jul 2017 Undisclosed
Series B May 2015 $20M
Series B Jun 2012 Undisclosed
1 earlier round — sign up free
Tech stack
wordpressmysqlphpchart.jswistiaamazon web services+14
#10
Otilu Mionics Series B
$55M Raised
expand_more
location_onToronto, Ontario
Founded
2011
Employees
54
Funding raised
$55M
Stage
Series B

Developer of advanced materials for electronics, displays, and quantum computing. The company focuses on materials for transparent displays, under panel sensors, and under display cameras. It uses computational chemistry, high performance computing, and machine learning for materials design. The company also offers materials synthesis, scale-up, and production testing. It applies its materials to OLED displays and se

Funding rounds (2 disclosed of 3)
Round Date Amount
Series B Oct 2022 $55M
Series A Aug 2020 Undisclosed
Grant (prize money) Feb 2015 $5.7M
Tech stack
apache http serverapple icloud mailautoptimizegodaddygoogle font apigoogle workspace+9
#11
Metamaterial Public
$13.7M Raised
expand_more
location_onHalifax, Nova Scotia
Founded
2011
Employees
239
Funding raised
$13.7M
Stage
Public

Manufacturer of metamaterials. It develops metamaterials and their applications for many industries. Its patented technology, which has a variety of thin metamaterials enables them to manipulate light at various wavelengths. Its films can absorb, block, and enhance the light. It has applications in the aerospace, medical, consumer electronics, energy, automotive, and defense sectors.

Funding rounds (5 disclosed of 5)
Round Date Amount
Post IPO Sep 2023 $250K
Post IPO Apr 2020 $5M
Post IPO Apr 2017 $8.3M
Post IPO Jun 2016 $2.3M
Post IPO Apr 2015 $3.1M
Tech stack
aosautoptimizecdnjscloudflarecloudflare bot managementcore-js+14
#12
erthos Series A
$11.2M Raised
expand_more
location_onMississauga, Ontario
Founded
2018
Employees
24
Funding raised
$11.2M
Stage
Series A

Developer of plant-based plastic alternatives. It provides users with a platform for manufacturing polymers which are completely biodegradable. It also provides users with polypropylene grade management, casting and moulding management, and packaging solutions.

Funding rounds (3 disclosed of 3)
Round Date Amount
Series A Sep 2023 $6.5M
Grant (prize money) Jun 2020 $2.8M
Seed Dec 2019 $4.3M

Recent signals in Canada Advanced Materials

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Funding & investor landscape

Total raised
$634.1M
across these companies
Companies funded
34
with disclosed funding
Highest-funded
$220M raised

Most active investors

Sustainable Development Technology Canada Sustainable Development Technology Canada 16 investments in Advanced Materials BDC BDC 9 investments in Advanced Materials GreenSky GreenSky 3 investments in Advanced Materials Innovacorp Innovacorp 3 investments in Advanced Materials MaRS Discovery District MaRS Discovery District 3 investments in Advanced Materials Agriculture and Agri-Food Canada Agriculture and Agri-Food Canada 2 investments in Advanced Materials Asahi Kasei Asahi Kasei 2 investments in Advanced Materials Beresford Ventures Beresford Ventures 2 investments in Advanced Materials Bioindustrial Innovation Canada Bioindustrial Innovation Canada 2 investments in Advanced Materials Canadian Technology Accelerator Canadian Technology Accelerator 2 investments in Advanced Materials Globalive Capital Globalive Capital 2 investments in Advanced Materials Goddard Enterprises Goddard Enterprises 2 investments in Advanced Materials

Notable founders in Canada Advanced Materials

HD Harold Davidson CEO HydroGraph · $28M raised
Soroush Nazarpour Soroush Nazarpour Founder and CEO NanoXplore · $91.7M raised
PA Pedro Almao Co-Founder Carbonova · $6M raised
MZ Mina Zarabian Co-Founder & CEO Carbonova · $6M raised
JF John Frampton Founder & Chief Scientific Officer 3D BioFibR · $4.8M raised
Kevin Sullivan Kevin Sullivan Chief Executive Officer - Founder 3D BioFibR · $4.8M raised
BL Brian Leeners CEO Homerun Resources · $4.8M raised
GB Guy Bourgeois CEO Plaid Technologies · $608.1K raised
Michael Helander Michael Helander President & CEO Otilu Mionics · $55M raised
TN Themos NA Co-founder and Chief Science Officer Metamaterial · $13.7M raised
George Palikaras George Palikaras Founder Metamaterial · $13.7M raised
CD Chang Dong Co-Founder & CTO erthos · $11.2M raised

Frequently asked questions

How many Advanced Materials companies are there in Canada?
Radar tracks 91 indexable Advanced Materials companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Advanced Materials companies in Canada?
The Advanced Materials companies in Canada on this list have raised a combined $634.1M in disclosed equity funding across 34 funded companies.
Which is the highest-funded Advanced Materials company in Canada?
GaN Systems is the highest-funded Advanced Materials company in Canada, with $220M in disclosed equity funding.
How many Advanced Materials companies in Canada are funded?
34 of the 91 Advanced Materials companies in Canada on this list have disclosed at least one equity funding round.
How many Advanced Materials unicorns are there in Canada?
None of the Advanced Materials companies in Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Canada Advanced Materials companies?
The most active investors in Canada Advanced Materials companies on this list include Sustainable Development Technology Canada, BDC, GreenSky, Innovacorp, MaRS Discovery District.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.

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