FundedIQ

Funded Startups in Kelowna

Disclosed round sizes in Kelowna skew toward a single outlier: Fission Uranium’s $56M round (2024-02-05) is the only disclosed amount above $50M, dwarfing…

Disclosed round sizes in Kelowna skew toward a single outlier: Fission Uranium’s $56M round (2024-02-05) is the only disclosed amount above $50M, dwarfing the next-largest disclosed figures at $7M (Minga on 2024-02-13) and $4M (Cantex Mine Development on 2025-07-11; Summit on 2024-04-04; Avant on 2023-07-17). Several entries cluster in early 2024, with 3 disclosed rounds in the Feb 5–Feb 13 window (Fission Uranium $56M on 2024-02-05; Minga $7M on 2024-02-13; Diamcor Mining $2M on 2024-01-18 sits just outside) and multiple “Series Unknown” classifications dominating across the list.

Stage and disclosure patterns are also consistent: 13 of 16 rows are labeled “Series Unknown,” while 2 rows show undisclosed amounts (CRWN.ai on 2024-11-27; Red Leaf Pulp on 2023-09-19). The 16 rows span 2021-12-16 (The Valens Company, Post-IPO Debt, $31M) through the most recent entry on 2025-07-11 (Cantex Mine Development, $4M), with recurring sectors including Natural Resources (Cantex Mine Development, Metalex Ventures, Fission Uranium, Diamcor Mining) and Biotechnology (MYND Life Sciences, Tryp Therapeutics, The Valens Company).

Most recent rounds

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Frequently asked

What’s the largest disclosed round in this Kelowna list, and how far above the rest is it?

Fission Uranium’s $56M (2024-02-05) is the only disclosed amount above $50M, standing well above the next-largest disclosed rounds such as Minga’s $7M (2024-02-13) and several $4M rounds (e.g., Cantex Mine Development on 2025-07-11; Summit on 2024-04-04; Avant on 2023-07-17).

Do the most recent rounds concentrate in a short date window?

Yes—there are two back-to-back recent disclosed rounds in 2025 (Cantex Mine Development $4M on 2025-07-11 and MYND Life Sciences $2M on 2025-02-11). Beyond that, early 2024 is dense: Fission Uranium ($56M on 2024-02-05) and Minga ($7M on 2024-02-13) fall within an 8-day span, with additional activity just before (Diamcor Mining $2M on 2024-01-18).

Which disclosure patterns stand out—how common are “Series Unknown” vs “undisclosed” amounts?

“Series Unknown” appears on 13 of 16 rows, including MYND Life Sciences ($2M on 2025-02-11) and Summit’s $4M (2024-04-04 is labeled Seed, but the remaining entries are mostly “Series Unknown”). Separately, 2 rows have undisclosed amounts: CRWN.ai on 2024-11-27 (undisclosed) and Red Leaf Pulp on 2023-09-19 (undisclosed).

Are any sectors over-represented in this city list?

Natural Resources is repeated across multiple rounds: Cantex Mine Development ($4M on 2025-07-11), Metalex Ventures ($740K on 2024-12-16), Fission Uranium ($56M on 2024-02-05), and Diamcor Mining ($2M on 2024-01-18). Biotechnology is also clustered with MYND Life Sciences ($2M on 2025-02-11), Tryp Therapeutics ($2M on 2023-04-12), and The Valens Company (Post-IPO Debt $31M on 2021-12-16).

What are the key outliers a researcher should check first beyond the biggest check size?

Besides the $56M Fission Uranium outlier (2024-02-05), The Valens Company’s $31M Post-IPO Debt (2021-12-16) is a structurally different financing type and far above most other disclosed amounts (for example, Vejii Holdings $140K on 2024-11-15). On disclosure, CRWN.ai (2024-11-27) and Red Leaf Pulp (2023-09-19) both show undisclosed amounts, which can indicate material rounds that aren’t comparable on size.

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