Radar · Sustainability Tech in Ontario
Best Sustainability Tech Companies in Ontario, Canada
The 388 best Sustainability Tech companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
By Rohit KhannaTrends & Stories
388companies tracked
$3.2Bdisclosed funding
0unicorns
127have raised
FLIAR INTELLIGENCE · SUSTAINABILITY TECH × ONTARIO
Our analysis of 50 Sustainability Tech companies
$4.2b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
83%cloud-native stacks
2025funding peak (by rounds)
2015median founding year
45median Fliar Index™
285kcombined LinkedIn audience
33%of audience held by top 3
10companies hiring publicly (12 mo)
Ranked: Best Sustainability Tech companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Amp Developer of renewable energy assets, battery storage, and digital energy platforms 55Product top 26%Funding top 29%Growth top 30%Talent top 35% All 12 signals ▾Producttop 26% Fundingtop 29% Growthtop 30% Talenttop 35% Moattop 37% AItop 45% Globalbottom 47% Marketbottom 42% Techbottom 40% Innovationbottom 39% Patentsbottom 35% Newsbottom 27% Product: 11 distinct product lines · Company stage: Acquired Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $528M | 52 mo ago | 41 | 2009 | David Rogers Founder & CEO | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 2 | Li-Cycle Lithium ion battery recycling technology developer 76Product top 14%Funding top 23%Patents top 25%Innovation top 27% All 12 signals ▾Producttop 14% Fundingtop 23% Patentstop 25% Innovationtop 27% Growthtop 34% Moattop 38% Talenttop 38% Markettop 43% Techtop 43% Partnerstop 45% Globaltop 47% Newstop 49% Product: 6 distinct product lines · Company stage: Public Funding: Raised $426M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 76/100 | $426M | 26 mo ago | 201 | 2016 | Tim Johnston Co-Founder & Advisor | 77 patents Recycling and recovery of metals and plastics from lithium‑ion battery waste | — |
| 3 | Hydrostor Developer of advanced compressed air energy storage for grid applications 76Funding top 18%Product top 21%Talent top 23%Innovation top 26% All 11 signals ▾Fundingtop 18% Producttop 21% Talenttop 23% Innovationtop 26% Patentstop 26% Moattop 26% Growthtop 28% Techtop 40% Newstop 42% Marketbottom 44% Globalbottom 40% Funding: Raised $295M across 10 rounds · 10 rounds over 10 yrs (1.0/yr) Product: 4 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 76/100 | $295M | 16 mo ago | 60 | 2010 | Cameron Lewis Co-Founder | 123 patents Hydrostatically compensated compressed air energy storage systems improving safety and efficiency | 1 job opening · 1 award |
| 4 | Hydro Ottawa Provider of billing and energy monitoring services 72Funding top 20%Tech top 31%Growth top 35%Market top 37% All 7 signals ▾Fundingtop 20% Techtop 31% Growthtop 35% Markettop 37% Producttop 50% Globalbottom 25% Newsbottom 22% Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses rank vs industry peers · Fliar Intelligence Index 72/100 | $235M | 16 mo ago | 680 | 2000 | — | — | 1 job opening |
| 5 | Acerus Pharma Developing drugs for treating urology, hormone replacement therapy & female sexual dysfunction | $161M | 76 mo ago | 38 | 2008 | — | — | — |
| 6 | ecobee Manufacturer of smart thermostats, sensors, cameras, and security system bundles 78AI top 15%Customers top 19%Tech top 23%Patents top 33% All 13 signals ▾AItop 15% Customerstop 19% Techtop 23% Patentstop 33% Fundingtop 34% Producttop 36% Markettop 37% Moattop 38% Talenttop 38% Innovationtop 42% Growthbottom 48% Globalbottom 42% Newsbottom 24% AI: Holds AI/ML patents (G06N-family CPC) Customers: Play-Store rating 4.30★ across 39,875 ratings (2 apps) · Review volume +45% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $155M | 96 mo ago | 520 | 2007 | Oksana Lvova Ceo | 82 patents Residential smart energy management and integrated home automation (thermostats, lighting, cameras). | 1 job opening |
| 7 | Pond Technologies Provider of algal biomass solutions | $149M | 38 mo ago | 20 | 2008 | — | — | — |
| 8 | Cyclic Materials Recycling of rare earth elements 35Funding top 26%Talent top 33%Tech top 43%Partners top 45% All 9 signals ▾Fundingtop 26% Talenttop 33% Techtop 43% Partnerstop 45% Newstop 48% Moattop 48% Growthbottom 40% Globalbottom 38% Marketbottom 29% Funding: Raised $83.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) Talent: 3 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $83M | 16 mo ago | 8 | 2021 | Patrick Nee Co-Founder | — | 1 job opening · 1 expansion |
| 9 | Validere Platform for energy asset management, emissions monitoring, and environmental health and safety | $65M | 51 mo ago | 118 | 2015 | Nouman Ahmad Co-Founder & CEO | — | 2 job openings · 1 award |
| 10 | Electra Battery Materials Provider of materials for electric vehicle batteries through refining and recycling 57News top 22%Growth top 25%Partners top 25%Funding top 29% All 8 signals ▾Newstop 22% Growthtop 25% Partnerstop 25% Fundingtop 29% Talenttop 37% Techbottom 48% Marketbottom 42% Globalbottom 36% News: 68 BI events in 12 mo (of 238 tracked, 10 types) · +106% YoY Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $60M | 7 mo ago | 37 | 2017 | Trent Mell CEO | — | 1 expansion |
| 11 | Xagenic Provider of point-of-care molecular diagnostics for infectious diseases | $59M | 131 mo ago | 45 | 2010 | — | 50 patents Electrochemical biosensor platforms and precision current‑mode DACs for point‑of‑care diagnostics | — |
| 12 | Otilu Mionics Developer of advanced materials for electronics, displays, and quantum computing | $55M | 43 mo ago | 54 | 2011 | Michael Helander President & CEO | — | — |
| 13 | BamCore Provider of bamboo building materials and construction 29Funding top 38%Tech bottom 48%Market bottom 32%Global bottom 30% All 4 signals ▾Fundingtop 38% Techbottom 48% Marketbottom 32% Globalbottom 30% Funding: Raised $53.3M across 6 rounds · 6 rounds over 10 yrs (0.6/yr) Tech: 15 technologies across 4/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn rank vs industry peers · Fliar Intelligence Index 29/100 | $53M | 25 mo ago | 29 | 2008 | — | — | — |
| 14 | Morgan Solar Provider of solar design simulation software solutions | $46M | 101 mo ago | 34 | 2007 | Mike Andrade CEO | 187 patents Building-integrated photovoltaic shading systems with smart monitoring and wireless power transfer | 1 partnership |
| 15 | Encycle Provider of wireless energy management solutions 24Funding top 35%Moat top 37%Product top 40%Patents top 49% All 10 signals ▾Fundingtop 35% Moattop 37% Producttop 40% Patentstop 49% Talentbottom 49% Innovationbottom 43% Globalbottom 43% Marketbottom 37% Techbottom 25% Newsbottom 22% Funding: Raised $45.7M across 8 rounds · 8 rounds over 15 yrs (0.5/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents rank vs industry peers · Fliar Intelligence Index 24/100 | $46M | 61 mo ago | 30 | 2005 | Robert Chiste Chairman and CEO | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 16 | Radiant Biotherapeutics Developer of therapeutics for cancer, auto-immune and infectious diseases 37Patents top 33%Funding top 34%Moat top 38%Innovation top 40% All 9 signals ▾Patentstop 33% Fundingtop 34% Moattop 38% Innovationtop 40% Techtop 41% Growthbottom 47% Globalbottom 40% Marketbottom 26% Newsbottom 18% Patents: 38 patents matched (strict assignee match) · 38 filings since 2022 vs 0 in 2017-21 Funding: Raised $43.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $43M | 21 mo ago | 11 | 2020 | — | 38 patents Multispecific antibody therapeutics targeting TNF receptors and cytokine pathways | — |
| 17 | Mangrove Systems Provider of wireless, fixed line, and mobile network services | $42M | 256 mo ago | 4 | 2002 | — | — | 1 partnership |
| 18 | Qvella Developer of a platform aimed to provide a more accurate and faster diagnosis of bacteria identification | $40M | 102 mo ago | 101 | 2009 | — | 85 patents Rapid microbial diagnostics: cell separation, microcolony classification, and antibiotic susceptibility testing. | — |
| 19 | SQI Diagnostics Developer of multiplexed tests and automated systems for biological testing. | $37M | 42 mo ago | 70 | 1999 | — | 75 patents High‑throughput multiplex microarray immunoassay analysis and quantification platforms | — |
| 20 | Parity Platform for reducing energy consumption 48Product top 30%Funding top 32%Innovation top 34%Talent top 38% All 9 signals ▾Producttop 30% Fundingtop 32% Innovationtop 34% Talenttop 38% Moattop 39% Techbottom 45% Marketbottom 36% Globalbottom 36% Newsbottom 21% Product: 6 distinct product lines · Company stage: Series B Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $36M | 24 mo ago | 23 | 2018 | Brian MacLeod Co-Founder | — | 1 expansion |
| 21 | Spectral Develops theranostic solutions for sepsis | $30M | 43 mo ago | 32 | 1991 | Chris Seto Chief Executive Officer | — | — |
| 22 | FORGE Hydrocarbons Developer of LTH technology to produce petroleum-based hydrocarbons | $27M | 76 mo ago | 6 | 2012 | Tim Haig Founder & CEO | 20 patents Converting fatty acids and organic waste into low‑acid hydrocarbon fuels via pyrolysis. | — |
| 23 | VendorPM SaaS-driven vendor bids management software for homeowners 40Funding top 38%Talent top 38%Tech top 45%Product bottom 48% All 7 signals ▾Fundingtop 38% Talenttop 38% Techtop 45% Productbottom 48% Marketbottom 40% Globalbottom 37% Newsbottom 22% Funding: Raised $26.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $26M | 45 mo ago | 56 | 2019 | Dylan Sher Co-Founder & COO | — | 1 job opening |
| 24 | GreenMantra Technologies Waste plastic to synthetic polymer additive manufacturing company | $26M | 98 mo ago | 62 | 2010 | — | — | — |
| 25 | Solantro Provider of chipsets for power conversion applications | $26M | 134 mo ago | 30 | 2009 | Tudor Lipan Co-Founder | — | — |
| 26 | Comet Bio Technology developer for conversion of wood & wheat into cellulosic glucose syrup | $25M | 59 mo ago | 36 | 2018 | Andrew Richard Chief Technology Officer & Founder | — | 1 launch |
| 27 | Felix Technology Environmental system provider and integrator | $23M | 28 mo ago | — | 2011 | Javad Hassani CEO | — | — |
| 28 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | 2009 | Dale Hall Executive VP & Co-Founder | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 29 | Invert Provider of carbon footprint reduction solutions | $19M | 46 mo ago | 39 | 2020 | Andre Fernandez Co-Founder & Co-CEO | — | 1 award |
| 30 | BluWave-ai Developer of artificial intelligence software for optimizing energy grid operations 64Innovation top 21%Patents top 24%Moat top 25%Talent top 25% All 11 signals ▾Innovationtop 21% Patentstop 24% Moattop 25% Talenttop 25% AItop 30% Fundingtop 40% Producttop 40% Globalbottom 40% Marketbottom 38% Techbottom 34% Newsbottom 22% Innovation: 51 patents (top 30% of patent-holders) · 42 filings since 2022 vs 9 in 2017-21 Patents: 51 patents matched (strict assignee match) · 42 filings since 2022 vs 9 in 2017-21 rank vs industry peers · Fliar Intelligence Index 64/100 | $18M | 42 mo ago | 46 | 2017 | Paul Georges Leroux Co-Founder | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 31 | Kontrol Provider of building management solutions for energy efficiency and sustainability 67Funding top 30%Market top 34%Product top 35%Innovation top 44% All 8 signals ▾Fundingtop 30% Markettop 34% Producttop 35% Innovationtop 44% AItop 45% Newstop 46% Growthtop 50% Globalbottom 29% Funding: Raised $17.6M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) Market: 350 employees (top 12% of Real Estate and Construction Tech) rank vs industry peers · Fliar Intelligence Index 67/100 | $18M | 39 mo ago | 350 | 2006 | — | — | — |
| 32 | Revive Therapeutics Developer of therapeutics to treat rare and infectious diseases 27Product top 24%Moat top 32%Funding top 36%Patents top 42% All 10 signals ▾Producttop 24% Moattop 32% Fundingtop 36% Patentstop 42% Innovationtop 44% Growthtop 48% Techbottom 48% Newsbottom 43% Globalbottom 31% Marketbottom 16% Product: 2 distinct product lines · Company stage: Public Moat: Editorial + unicorn rating 5/10 · IP moat: 24 patents rank vs industry peers · Fliar Intelligence Index 27/100 | $17M | 10 mo ago | 3 | 2012 | — | 24 patents Neuroprotective and anti‑infective therapeutics repurposing bucillamine and psilocybin | — |
| 33 | Virica Biotech Developer of viral sensitizer technology therapeutics to treat viral infections | $12M | 25 mo ago | 29 | 2018 | Jean Diallo Founder & CEO | 4 patents Enhancing viral vector production using kinase inhibitor-based bioprocess methods. | 1 launch · 1 partnership |
| 34 | Genecis Developer of onsite food waste management systems 35Funding top 34%Moat top 48%Product top 49%Innovation bottom 46% All 8 signals ▾Fundingtop 34% Moattop 48% Producttop 49% Innovationbottom 46% Techbottom 46% Marketbottom 42% Globalbottom 39% Newsbottom 18% Funding: Raised $10.3M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) Moat: Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 35/100 | $10M | 12 mo ago | 49 | 2016 | — | — | — |
| 35 | ClearBlue Markets Provider of carbon market intelligence, advisory, access, and project development services | $8M | 38 mo ago | 60 | 2016 | Michael Berends Managing Director | — | 1 partnership · 1 expansion |
| 36 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 50 mo ago | 12 | 2014 | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 37 | Citylitics Predictive analytics for public and utility businesses | $8M | 50 mo ago | 40 | 2011 | Ahmed Badruddin Co-founder & CEO | — | — |
| 38 | BacTech Environmental Provider of technology to treat toxic waste from mining operations 32Tech top 26%Product top 32%Funding top 43%Talent top 46% All 11 signals ▾Techtop 26% Producttop 32% Fundingtop 43% Talenttop 46% Moatbottom 48% Growthbottom 47% Innovationbottom 42% Newsbottom 37% Globalbottom 31% Marketbottom 25% Patentsbottom 24% Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services Product: 0 product launch events in 12 mo · 3 distinct product lines rank vs industry peers · Fliar Intelligence Index 32/100 | $6M | 12 mo ago | — | 2010 | Ross Orr President and CEO | 2 patents Biotechnological production of liquid ferric sulfate via microbial processes | — |
| 39 | Adaptis Provider of AI-powered platform for capital planning and asset decarbonization 32Talent top 38%AI top 45%Tech top 50%Funding bottom 49% All 7 signals ▾Talenttop 38% AItop 45% Techtop 50% Fundingbottom 49% Globalbottom 36% Marketbottom 28% Newsbottom 21% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 32/100 | $5M | 14 mo ago | 19 | 2022 | Sheida Shahi Co-Founder & CEO | — | — |
| 40 | Aduro Clean Technologies Provider of water-based chemical recycling systems | $5M | 24 mo ago | — | 2012 | Marcus Trygstad Co-Founder | 10 patents Catalytic chemolysis of low‑value polymer feedstocks into higher‑value fuels and chemicals | 1 partnership |
| 41 | AlterBiota Manufacturer of bio-graphene additives for the concrete industry 10Funding bottom 49%Talent bottom 49%Product bottom 40%Tech bottom 36% All 6 signals ▾Fundingbottom 49% Talentbottom 49% Productbottom 40% Techbottom 36% Globalbottom 32% Marketbottom 19% Funding: Raised $4.0M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 10/100 | $4M | 25 mo ago | 8 | 2018 | Mark Masotti President & CEO | — | — |
| 42 | Clear Blue Technologies Developer of smart off-grid controllers 50Tech top 32%Funding top 34%Talent top 35%Moat top 38% All 11 signals ▾Techtop 32% Fundingtop 34% Talenttop 35% Moattop 38% Partnerstop 40% Newstop 42% Marketbottom 47% Growthbottom 47% Innovationbottom 45% Globalbottom 45% Patentsbottom 44% Tech: 35 technologies across 5/8 capability areas · Cloud: Cloudflare Funding: Raised $3.9M across 16 rounds · 16 rounds over 12 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 17 mo ago | 50 | 2011 | John Tuerk Co-Founder & Chief Power Officer | 22 patents Autonomous solar lighting systems with variable-source charging and remote monitoring | — |
| 43 | Edgecom Energy AI-powered energy management software 27Talent top 38%AI top 45%Funding bottom 49%Tech bottom 37% All 6 signals ▾Talenttop 38% AItop 45% Fundingbottom 49% Techbottom 37% Globalbottom 37% Marketbottom 27% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 27/100 | $4M | 17 mo ago | 22 | 2016 | Mostafa Salehi Co-Founder | — | 1 launch |
| 44 | Xatoms AI and quantum startup revolutionizing water purification with new materials 22Funding top 46%Talent bottom 49%News bottom 38%Market bottom 37% All 5 signals ▾Fundingtop 46% Talentbottom 49% Newsbottom 38% Marketbottom 37% Globalbottom 36% Funding: Raised $3.2M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 22/100 | $3M | 4 mo ago | — | 2019 | Diana Virgovicova Founder & CEO | — | — |
| 45 | Forward Water Technologies Developer of forward osmosis technology for water recovery and volume reduction 29Product top 14%News top 36%Growth top 38%Moat top 38% All 10 signals ▾Producttop 14% Newstop 36% Growthtop 38% Moattop 38% Fundingtop 40% Talentbottom 49% Patentsbottom 44% Innovationbottom 41% Globalbottom 40% Marketbottom 23% Product: 10 distinct product lines · Company stage: Public News: 15 BI events in 12 mo (of 52 tracked, 9 types) · -12% YoY rank vs industry peers · Fliar Intelligence Index 29/100 | $2M | 10 mo ago | 6 | 2012 | C Honeyman CEO | 19 patents Switchable forward osmosis membranes and polymer treatments for water desalination | — |
| 46 | Lactiga Developer of immunotherapies to treat infectious diseases | $2M | 16 mo ago | 5 | 2017 | Viraj Mane Co-Founder | 8 patents Polyclonal antibody therapeutics for RSV and oral breast‑milk‑derived immunoglobulin delivery | — |
| 47 | TerraFixing Provider of solutions for carbon capture | $1M | 25 mo ago | 5 | 2020 | Tim Wilson Co-Founder | 7 patents Adsorbent-based direct air capture and concentration of CO₂ | 1 job opening · 1 award |
| 48 | Ostia Sciences Developer of microbes for fighting infectious diseases and enhancing immune function | $740K | 11 mo ago | — | 2020 | Michael Glogauer Co-Founder | — | — |
| 49 | StokedBio Developer of therapeutics based on AI technology 45Talent top 28%AI top 45%Funding top 46%Market bottom 37% All 5 signals ▾Talenttop 28% AItop 45% Fundingtop 46% Marketbottom 37% Globalbottom 29% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated AI: Product described with: ai-based rank vs industry peers · Fliar Intelligence Index 45/100 | $366K | 1 mo ago | — | 2024 | Chris Sinclair Co-Founder | — | — |
Top 12 Sustainability Tech companies in Ontario
#1
Public · Toronto, Ontario · founded 2017 · 37 employees$60.3Mraised▾
Public · Toronto, Ontario · founded 2017 · 37 employees
Provider of materials for electric vehicle batteries through refining and recycling. The company focuses on producing materials to power electric vehicles through refining, processing, and recycling. It offers an environmentally conscious option for sourcing materials. The company advances capital projects and delivers operational excellence.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
News
top 22%Growth
top 25%Partners
top 25%Funding
top 29%Talent
top 37%Tech
bottom 48%News: 68 BI events in 12 mo (of 238 tracked, 10 types) · +106% YoY · 27 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Fresh capital in last 24 mo
Partners: 0 partnership announcements in 12 mo (1 in 24 mo) · 12 contract events in 12 mo · Named contractor/client in 12 deals
Audience (LinkedIn): 9k LinkedIn followers — 3.0% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Post IPO$34.5M
- Apr 2025Post IPO$1.6M
- Mar 2025Post IPO$3.1M
- Feb 2025Grant (prize money)$10M
Founders & team
Investors
Military Health
Tech stack
Apache Http ServerCdnjsCentosCloudflareCloudflare Bot ManagementFont Awesome
#2
Series D · Toronto, Ontario · founded 2010 · 60 employees$295Mraised▾
Series D · Toronto, Ontario · founded 2010 · 60 employees
Developer of advanced compressed air energy storage for grid applications. The company provides long-duration energy storage solutions, leveraging compressed air stored in underground caverns. When power is needed, the process is reversed to dispatch energy. The technology offers a reliable and cost-effective alternative for large-scale energy storage. The company’s systems are designed to match grid requirements and provide essential grid services.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 18%Product
top 21%Talent
top 23%Innovation
top 26%Patents
top 26%Moat
top 26%Funding: Raised $295M across 10 rounds · 10 rounds over 10 yrs (1.0/yr) · Last round Series D (Feb 2025)
Product: 4 distinct product lines · Company stage: Series D
Talent: 5 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 35k LinkedIn followers — 12.2% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Director of Project Development
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2025Series D$150M
- Feb 2025Conventional Debt$50M
- Oct 2024Series D$20M
- Dec 2023Series D$40M
Founders & team
Investors
Natural Resources Canada, Sustainable Development Technology Canada, Lorem Partners, Canoe Financial, ArcTern Ventures, Amplify Capital
Tech stack
Amazon AlbAmazon Web ServicesApache Http ServerApple Icloud MailAstraCdnjs
#3
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees$235Mraised▾
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees
Hydro Ottawa is a provider of energy monitoring services and also provides billing with respect to the same for both commercial and residential sectors. Core services also include electricity distribution, renewable energy generation and energy conservation and management. Energy consumption monitoring services are additionally provided with mobile app integration for remote access.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 20%Tech
top 31%Growth
top 35%Market
top 37%Product
top 50%Global
bottom 25%Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Unattributed (Jan 2025)
Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses · Devops: Envoy, Varnish
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 22k LinkedIn followers — 7.8% of this cohort's audience · 20 engagements/post (1.6× cohort median)
Hiring (LinkedIn): 1 hiring post in 12 mo (public)
Funding rounds
- Jan 2025Unattributed$235M
Tech stack
Acquia Cloud PlatformAddtoanyAmazon CloudfrontAmazon SesAmazon Web ServicesApple Icloud Mail
#4
Public · Toronto, Ontario · founded 2012 · 3 employees$16.8Mraised▾
Public · Toronto, Ontario · founded 2012 · 3 employees
Developer of therapeutics to treat rare and infectious diseases. Its lead product Bucillamine (N-(mercapto-2-methylpropionyl)-l-cysteine) helps in treating infectious diseases, including COVID-19, influenza, and others. Also has psilocybin for multiple indications.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Product
top 24%Moat
top 32%Funding
top 36%Patents
top 42%Innovation
top 44%Growth
top 48%Product: 2 distinct product lines · Company stage: Public
Moat: Editorial + unicorn rating 5/10 · IP moat: 24 patents
Funding: Raised $16.8M across 11 rounds · 11 rounds over 13 yrs (0.8/yr) · Last round Post IPO (Aug 2025)
Audience (LinkedIn): 1k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Aug 2025Post IPO$110.7K
- Apr 2025Post IPO$120.2K
- Jan 2024Post IPO$1.6M
- Jan 2023Post IPO$4.3M
Investors
EMD Financial, Planet Ventures
Tech stack
Apache Http ServerCloudflareCloudflare Bot ManagementDiviGodaddyGoogle Analytics
#5
Series B · Toronto, Ontario · founded 2021 · 8 employees$83Mraised▾
Series B · Toronto, Ontario · founded 2021 · 8 employees
Recycling of rare earth elements. It provides solutions for recycling of magnet-containing products made from critical minerals, enabling the creation of a domestic supply chain for REEs through an economic and sustainable magnet recycling process.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Funding
top 26%Talent
top 33%Tech
top 43%Partners
top 45%News
top 48%Moat
top 48%Funding: Raised $83.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) · Last round Series B (Jan 2025)
Talent: 3 named leaders on record · 2 C-suite/founder profiles curated
Tech: 28 technologies across 5/8 capability areas · Cloud: Cloudflare · Observability: Microsoft Clarity
Audience (LinkedIn): 15k LinkedIn followers — 5.2% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Capital Projects, Operations
Activity (LinkedIn): 1 awards · 1 expansions announced in 12 mo
Funding rounds
- Jan 2025Series B$2M
- Sep 2024Series B$53M
- Sep 2024Grant (prize money)$3.6M
- Jul 2024Series A—
Founders & team
Investors
Natural Resources Canada, ArcTern Ventures, BDC, Hitachi Ventures, Zero Infinity Partners, Climate Investment
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCookieyesCore-JsFacebook Pixel
#6
Seed · Toronto, Ontario · founded 2019$3.2Mraised▾
Seed · Toronto, Ontario · founded 2019
AI and quantum startup revolutionizing water purification with new materials. It uses AI algorithms to identify molecular structures for photocatalysts and other water treatment materials. It leverages AI-assisted molecule discovery to develop efficient and sustainable water treatment solutions that can be deployed in areas with limited access to clean water.
Fliar Intelligence Index™ 22how this company ranks against its industry peers
Funding
top 46%Talent
bottom 49%News
bottom 38%Market
bottom 37%Global
bottom 36%Funding: Raised $3.2M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) · Last round Grant (prize money) (Jan 2026)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
News: 2 BI events in 12 mo (of 4 tracked, 1 types) · +0% YoY · Top themes: Funding
Audience (LinkedIn): 5k LinkedIn followers
Funding rounds
- Jan 2026Grant (prize money)$226.8K
- Jun 2025Seed$2M
- 2025Grant (prize money)$1M
Founders & team
Investors
Quantacet, Genesis Ventures, BDC, The League of Innovators, Capital Angels Network, BoxOne Ventures
#7
Series A · Toronto, Ontario · founded 2016 · 49 employees$10.3Mraised▾
Series A · Toronto, Ontario · founded 2016 · 49 employees
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.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Funding
top 34%Moat
top 48%Product
top 49%Innovation
bottom 46%Tech
bottom 46%Market
bottom 42%Funding: Raised $10.3M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) · Last round Series A (Jun 2025)
Moat: Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked
Product: 0 product launch events in 12 mo, 1 the year before · 2 distinct product lines · Company stage: Series A
Audience (LinkedIn): 6k LinkedIn followers — 2.2% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Jun 2025Series A$750K
- Dec 2024Series A$851.6K
- Mar 2023Series A$3.3M
- Aug 2022Conventional Debt$3M
Investors
SVB, Khosla Ventures, BDC, AME Cloud Ventures, IT-Farm Corporation, Heinz
Tech stack
AngularCart FunctionalityCore-JsGodaddyGoogle Font ApiHsts
#8
Public · Mississauga, Ontario · founded 2016 · 201 employees$425.6Mraised▾
Public · Mississauga, Ontario · founded 2016 · 201 employees
Lithium ion battery recycling technology developer. The platform provides technology that extracts metals and minerals like lithium, copper, and cobalt. It uses automated equipment, consume less energy and has significantly lesser chances of an explosion as compared to regular recycling technologies.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Product
top 14%Funding
top 23%Patents
top 25%Innovation
top 27%Growth
top 34%Moat
top 38%Product: 6 distinct product lines · Company stage: Public
Funding: Raised $426M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) · Last round Post IPO (Mar 2024)
Patents: 77 patents matched (strict assignee match) · 52 filings since 2022 vs 25 in 2017-21 · Latest publication 2025
Funding rounds
- Mar 2024Post IPO$75M
- May 2022Post IPO$200M
- Dec 2021Post IPO$50.6M
- Sep 2021Post IPO$100M
Founders & team
Investors
Glencore, Lgchem, LG Energy Solutions, Koch Industries, Bioindustrial Innovation Canada, Sustainable Development Technology Canada
Tech stack
WordpressMysqlPhpGoogle MapsGravity FormsYoast Seo
#9
Seed · Hamilton, Ontario · founded 2024$365.5Kraised▾
Seed · Hamilton, Ontario · founded 2024
Developer of therapeutics based on AI technology. It offers AI-based platform for molecular property prediction and molecular design for drug discovery for antibacterial, antifungal, antiviral, and cancer applications.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Talent
top 28%AI
top 45%Funding
top 46%Market
bottom 37%Global
bottom 29%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
AI: Product described with: ai-based
Funding: Raised $366k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (May 2026)
Audience (LinkedIn): 1k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. McMaster) announced in 12 mo
Funding rounds
- May 2026Seed$365.5K
Founders & team
Investors
Ontario Canada
#10
Public · Toronto, Ontario · founded 2010$5.8Mraised▾
Public · Toronto, Ontario · founded 2010
Provider of technology to treat toxic waste from mining operations. It provides bioleaching technology solution to neutralize toxic mining sites and allows for environmentally friendly processing in the mining industry. The naturally occurring bacteria used in the process are harmless to both humans and the environment.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Tech
top 26%Product
top 32%Funding
top 43%Talent
top 46%Moat
bottom 48%Growth
bottom 47%Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Observability: Microsoft Clarity
Product: 0 product launch events in 12 mo · 3 distinct product lines · Company stage: Public
Funding: Raised $5.8M across 17 rounds · 17 rounds over 10 yrs (1.7/yr) · Last round Post IPO (May 2025)
Audience (LinkedIn): 1k LinkedIn followers
Funding rounds
- May 2025Post IPO$913.1K
- Apr 2025Post IPO$1.3M
- Mar 2025Post IPO$225.9K
- Mar 2025Post IPO$230.4K
Founders & team
Investors
Ontario Centre of Innovation
Tech stack
Amazon S3Amazon Web ServicesAngularApache Http ServerBootstrapCart Functionality
#11
Series A · Toronto, Ontario · founded 2020 · 11 employees$43Mraised▾
Series A · Toronto, Ontario · founded 2020 · 11 employees
Developer of therapeutics for cancer, auto-immune and infectious diseases. It offers multi-valent, multi-specific antibody therapeutics based on antibody engineering platform that targets biological pathways to treat diverse diseases.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Patents
top 33%Funding
top 34%Moat
top 38%Innovation
top 40%Tech
top 41%Growth
bottom 47%Patents: 38 patents matched (strict assignee match) · 38 filings since 2022 vs 0 in 2017-21 · Latest publication 2025
Funding: Raised $43.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series A (Sep 2024)
Moat: Editorial + unicorn rating 5/10 · IP moat: 38 patents · 10 curated direct competitors tracked
Audience (LinkedIn): 5k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · hiring: Senior Director/Vice President, CMC, Senior Director, Program Leadership
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Sep 2024Series A$35M
- Apr 2023Seed$8M
Investors
Gates, Amplitude, abrdn, FACIT, Alexandria, TIAP
Tech stack
AngularCart FunctionalityCore-JsGodaddyGoogle Font ApiHsts
#12
Public · Toronto, Ontario · founded 2012 · 6 employees$2Mraised▾
Public · Toronto, Ontario · founded 2012 · 6 employees
Developer of forward osmosis technology for water recovery and volume reduction. The company provides services including lab testing, pilot plant services, and mobile forward osmosis services. It offers a staged process including computer modelling, bench top testing, in-house pilot plant testing, and on-site demonstration plant. The technology is applicable to industries such as lithium mining, brine management, and oil and gas.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Product
top 14%News
top 36%Growth
top 38%Moat
top 38%Funding
top 40%Talent
bottom 49%Product: 10 distinct product lines · Company stage: Public
News: 15 BI events in 12 mo (of 52 tracked, 9 types) · -12% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Funding rounds
- Jul 2025Post IPO$543.6K
- Feb 2025Post IPO—
- Jan 2025Post IPO$37K
- Oct 2023Post IPO$336.8K
Founders & team
Investors
FirstLine Venture Partners, Cfin-Rcia, Sustainable Development Technology Canada, Alberta Innovates, GreenCentre, Bioindustrial Innovation Canada
Funding & investor landscape
$3.2Btotal disclosed funding
105companies funded
366disclosed rounds
1rounds last 90 days
Most active investors
Export Development Canada7 rounds
Notable founders
Trent Mell
CEO · Electra Battery Materials
Esther Pinto
President & CEO · Hydrostor
Yannick Beaudoin
Director - External Communications · Hydrostor
Patrick Nee
Co-Founder · Cyclic Materials
Ahmad Ghahreman
Co-Founder & CEO · Cyclic Materials
Diana Virgovicova
Founder & CEO · Xatoms
Tim Johnston
Co-Founder & Advisor · Li-Cycle
Ajay Kochhar
President and CEO · Li-Cycle
Chris Sinclair
Co-Founder · StokedBio
Jon Stokes
Co-founder and CSO · StokedBio
Ross Orr
President and CEO · BacTech Environmental
C Honeyman
CEO · Forward Water Technologies
Prism market signals · Canada · country-scoped Prism corpus, 259,613 docs
Market landscape — 10 sub-themes by coverage
Share of Sustainability Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Canada
How research on Climate Adaptation is moving in Canada
A read on the academic research around Climate Adaptation — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 318 Canada-affiliated papers.
research sentiment over time
201720222026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 6% → 14% across 2017–2026.
top research entities
- University of British Columbia30
- University of Waterloo22
- McGill University19
- University of Alberta15
- Western University14
leading researchers
Hanna Karg · Edmund Kyei Akoto-Danso · Louis Amprako · Pay Drechsel · George Nyarko · Daniel Scott · James D. Ford · Slobodan P. Simonović
▲
Breakthroughs31 · 10%
▲ 0%→12% share
0 median citations90% since 2021mostly methods-led
Climate change research newly emerged at 14 papers, driving Breakthroughs segment from 0% to 12% field-share.
rising sub-themes (early→recent)
- Climate change14
- Flood myth10
- Resilience (materials science)10
- Climate risk6
- Vulnerability (computing)6
Newly emergingClimate change 0→14 · Resilience (materials science) 0→9 · Flood myth 0→8
Landmark Opportunities for natural infrastructure to improve urban water security in Latin America · 32 cites
◆
Advancements84 · 26%
▼ 56%→26% share
▼0.5× share momentum0 median citations71% since 2021mostly methods-led
Flood myth research intensifying — papers rose from 7 to 24 across Canadian climate adaptation advancements.
rising sub-themes (early→recent)
- Flood myth7→24
- Resilience (materials science)2→16
- Climate change5→18
- Flooding (psychology)2→12
- Psychological resilience1→10
Newly emergingEnvironmental resource management 0→7 · Sustainability 0→6 · Climate resilience 0→5
Landmark A framework for urban climate resilience · 822 cites
▼
Concerns167 · 53%
▲ 33%→53% share
▲1.6× share momentum0 median citations74% since 2021mostly empirical
Climate change concern papers surged from 12 to 91, pushing Concerns segment from 33% to 53% field-share.
rising sub-themes (early→recent)
- Climate change12→91
- Resilience (materials science)2→27
- Vulnerability (computing)4→27
- Psychological resilience2→23
- Climate resilience2→18
Newly emergingSustainability 0→14 · Corporate governance 0→9 · Political economy of climate change 0→8
Landmark A critical review of climate change risk for ski tourism · 455 cites
RESEARCH HOTSPOTS · Canada
Where climate adaptation is researched across Canada
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Vancouver35 · -0.03
Waterloo/Hamilton28 · -0.04
Montreal26 · +0.20
Toronto20 · +0.03
Edmonton/Calgary18 · +0.17
Ottawa/Kingston15 · -0.10
PATENT SIGNAL · Canada
Who's filing climate adaptation patents in Canada
Canada climate adaptation patent filing is steady — 1 filings from 1 assignees (2024–2024), led by Riskthinking AI; annual filings 1→1.
1 filings1 assigneespeak 1/yr2024–2024
filing momentum (YoY 2024–2024)
top patent filers
- Riskthinking AI1
Common questions
How many Sustainability Tech companies are there in Ontario, Canada?
Radar tracks 388 indexable Sustainability Tech companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by Sustainability Tech companies in Ontario, Canada?
The Sustainability Tech companies in Ontario, Canada on this list have raised a combined $3.2B in disclosed equity funding across 105 funded companies.
Which is the highest-funded Sustainability Tech company in Ontario, Canada?
Amp is the highest-funded Sustainability Tech company in Ontario, Canada, with $528.1M in disclosed equity funding.
How many Sustainability Tech companies in Ontario, Canada are funded?
105 of the 388 Sustainability Tech companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Sustainability Tech unicorns are there in Ontario, Canada?
None of the Sustainability Tech companies in Ontario, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Ontario, Canada Sustainability Tech companies?
The most active investors in Ontario, Canada Sustainability Tech companies on this list include Sustainable Development Technology Canada, Accelerator Centre, BDC, MaRS Discovery District, Ontario Centre of Innovation.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.