FundedIQ
Natural Resources

NiCAN: Funding, Investors & Team (Aug 2026)

NiCAN Limited is a mineral exploration company.

nicanltd.com LinkedIn Toronto, Canada 1-10 employees
Total raised
$1.7M
Rounds
2
Latest
Undisclosed round
Feb 2024

NiCAN has raised $1.7M across 2 funding rounds on record, the most recent an undisclosed round of $1.4M announced in Feb 2024.

That round is below the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.

NiCAN Company Profile and Key Stats

Total funding raised
$1.7M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$1.4M in Feb 2024
Employees
1-10
reported band
Headquarters
Toronto, Canada

Latest funding round on record: Feb 2024.

NiCAN Funding Rounds

Date
Round
Amount
Undisclosed round
$1.4M
Undisclosed round
$300k

NiCAN raised $300k in an undisclosed round announced in Jun 2023.

8 months later, an undisclosed round of $1.4M was announced in Feb 2024.

NiCAN Founders and Leadership Team

Name
Role
Contact
Nicholas Kariuki
Founder
Pablo Argenal
Founder

No contact details are on record for this team yet.

NiCAN Funding Compared to Other Natural Resources Startups

Segment
Companies
Median round
3,081
$2.2M

NiCAN's latest round of $1.4M is below the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like NiCAN in Natural Resources and Toronto

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NiCAN Funding FAQs

What does NiCAN do?

NiCAN Limited is a mineral exploration company.

How much funding has NiCAN raised?

NiCAN has raised $1.7M across 2 rounds on record. The most recent is an undisclosed round of $1.4M announced in Feb 2024.

When did NiCAN last raise funding?

NiCAN's most recent funding round on record is an undisclosed round of $1.4M, announced in Feb 2024.

Who founded NiCAN?

FundedIQ lists Nicholas Kariuki (Founder), Pablo Argenal (Founder) at NiCAN.

Where is NiCAN headquartered?

NiCAN is based in Toronto, Ontario, Canada.

How many employees does NiCAN have?

NiCAN is in the 1-10 employee band.

How does NiCAN's funding compare to other Natural Resources startups?

NiCAN's latest round of $1.4M is below the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.

About FundedIQ's NiCAN 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 NiCAN is left off this page rather than filled in.

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