Funded Startups in Burnaby
The 9 most recent funded rounds recorded in Burnaby, British Columbia span May 2022 through March 2025, with energy companies accounting for four of the ni…
The 9 most recent funded rounds recorded in Burnaby, British Columbia span May 2022 through March 2025, with energy companies accounting for four of the nine entries: Stardust Solar Energy, pH7, Svante, and Greenlight Innovation. Svante closed the largest energy-sector raise in the set at $50M in August 2024, while Stardust Solar Energy's $350K round in March 2025 is the most recent event shown.
Outside energy, the standout by capital raised is Xenon Pharmaceuticals — a $288M post-IPO equity round in June 2022 — and D-Wave Systems, a quantum computing firm categorized under consumer electronics, which raised $150M in January 2025. Round stage visibility across the dataset is limited: most entries carry a "Series Unknown" classification, with only Xenon (post-IPO equity), 123Dentist (private equity), and Loop Energy (government grant) providing concrete stage context. Swiss Water's $33M food and beverage raise in November 2022 rounds out a sector spread that also touches biotechnology, health care, and transportation.
Most recent rounds
9 shownRelated listings
Frequently asked
What are the largest disclosed rounds among Burnaby-based startups in this dataset?
Xenon Pharmaceuticals leads at $288M via post-IPO equity in June 2022, followed by D-Wave Systems at $150M in January 2025 and Svante at $50M in August 2024. These three rounds represent the bulk of disclosed capital across the nine companies shown.
Which sector has the most funded companies in Burnaby here?
Energy is the most represented sector, with four companies — Stardust Solar Energy, pH7, Svante, and Greenlight Innovation — raising amounts ranging from $350K to $50M between November 2023 and March 2025. No other single sector accounts for more than one company in this dataset.
Are any Burnaby companies at late or post-IPO stages?
Xenon Pharmaceuticals closed a $288M post-IPO equity round in June 2022, and 123Dentist completed an undisclosed private equity raise in July 2022 — the two clearest late-stage events in this dataset. The remaining seven entries are classified as Series Unknown or grant-funded.
How current is the funding activity shown for Burnaby?
The most recent round is Stardust Solar Energy's $350K raise dated March 24, 2025, with D-Wave Systems closing a $150M round in January 2025. The oldest entry in the dataset is Loop Energy's $8M grant from May 2022.
Which Burnaby company raised the smallest amount in the dataset?
Stardust Solar Energy disclosed the smallest raise at $350K in March 2025, followed by Greenlight Innovation at $800K in November 2023. Both are energy-sector companies at early funding stages classified as Series Unknown.
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