Funded Startups in Prince Edward Island
Among the 11 most recent Prince Edward Island entries, the largest disclosed round is BioVectra’s $40M grant on 2021-11-18, which dwarfs the rest of the di…
Among the 11 most recent Prince Edward Island entries, the largest disclosed round is BioVectra’s $40M grant on 2021-11-18, which dwarfs the rest of the disclosed amounts clustered mostly in the $2M–$14M range (e.g., CNPC POWDER’s $14M on 2023-10-18 and SENTRY’s $2M on 2021-11-26). The list also shows a city concentration: 10 of 11 entries are in Charlottetown (including PayTic on 2025-04-08 for $4M), with only Agyle Intelligence located in Mount Stewart (2022-11-01, $10K).
Temporal clustering is visible as well: four rounds land in 2023 between 2023-05-16 (Propel, $1M) and 2023-10-18 (CNPC POWDER, $14M), while the most recent activity is May 2026 onward (Confederation Centre on 2026-05-15 for $550K, Pegasus Biotech on 2026-03-28 for $360K). Stage and disclosure skew toward “Series Unknown” and “undisclosed,” with 5 of 11 rows labeled Series Unknown and 2 of 11 rows showing undisclosed amounts.
Most recent rounds
11 shownRelated listings
Frequently asked
Which disclosed round is the outlier, and how does it change the scale of PEI funding in this snapshot?
BioVectra’s $40M grant on 2021-11-18 is the only disclosed amount far above the rest, which largely sit at $14M or below (next-highest disclosed: CNPC POWDER at $14M on 2023-10-18).
Are Charlottetown companies over-represented versus other locations in these 11 rows?
Yes. Charlottetown appears in 10 of 11 entries, including PayTic ($4M, 2025-04-08) and Confederation Centre ($550K, 2026-05-15). The only non-Charlottetown location is Mount Stewart, held by Agyle Intelligence ($10K, 2022-11-01).
Do the rounds cluster in a narrow time window, or are they evenly spread across years?
They’re not evenly spread. There’s a noticeable 2023 cluster with four rounds from 2023-05-16 (Propel, $1M) through 2023-10-18 (CNPC POWDER, $14M). In contrast, the latest two entries occur in 2026 (Pegasus Biotech on 2026-03-28 for $360K; Confederation Centre on 2026-05-15 for $550K).
How does the stage/disclosure mix look—does “Series Unknown” dominate this list?
“Series Unknown” accounts for 5 of 11 rows (e.g., Confederation Centre on 2026-05-15 for $550K and Iron Fox Games on 2025-12-22 for $150K). Separately, 2 of 11 rows show “undisclosed” amounts (SpryPoint on 2026-01-20; Three Hippies on 2023-10-05).
Which sectors show up repeatedly, and are any sectors tied to much larger disclosed rounds?
Biotechnology appears in 3 entries (Pegasus Biotech, 2026-03-28, $360K; BioVectra, 2021-11-18, $40M; also BioVectra is the largest disclosed outlier). Financial Services also appears in 2 entries (PayTic, $4M on 2025-04-08; Three Hippies, undisclosed on 2023-10-05), while most other sectors appear once.
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