Cardinal Energy: Funding, Investors & Team (Sep 2026)
Cardinal Energy is an oil company in Western Canada that provides a variety of light, medium, and heavy quality oils with minimal decline rates.
Cardinal Energy has raised $333M across 4 funding rounds on record, the most recent an undisclosed round of $70.0M announced in Jan 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Cardinal Energy Company Profile and Key Stats
Latest funding round on record: Jan 2026.
Cardinal Energy Funding Rounds
Cardinal Energy raised $200M in an undisclosed round announced in May 2024.
7 months later, an undisclosed round of $34.9M was announced in Dec 2024.
2 months later, an undisclosed round of $28.1M was announced in Feb 2025.
11 months later, an undisclosed round of $70.0M was announced in Jan 2026.
Cardinal Energy Founders and Leadership Team
Contact details for the Cardinal Energy team: 1 of 2 have an email address on file.
Start 14-day free trial →Cardinal Energy Funding Compared to Other Energy Startups
Cardinal Energy's latest round of $70.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Cardinal Energy Funding FAQs
What does Cardinal Energy do?
Cardinal Energy is an oil company in Western Canada that provides a variety of light, medium, and heavy quality oils with minimal decline rates.
How much funding has Cardinal Energy raised?
Cardinal Energy has raised $333M across 4 rounds on record. The most recent is an undisclosed round of $70.0M announced in Jan 2026.
When did Cardinal Energy last raise funding?
Cardinal Energy's most recent funding round on record is an undisclosed round of $70.0M, announced in Jan 2026.
Who founded Cardinal Energy?
FundedIQ lists Scott Ratushny (Founder), Timothy Crawford (Founder) at Cardinal Energy.
Where is Cardinal Energy headquartered?
Cardinal Energy is based in Calgary, Alberta, Canada.
How many employees does Cardinal Energy have?
Cardinal Energy is in the 101-250 employee band.
How does Cardinal Energy's funding compare to other Energy startups?
Cardinal Energy's latest round of $70.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Cardinal Energy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Cardinal Energy is left off this page rather than filled in.
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