Westaim: Funding, Investors & Team (Aug 2026)
The main goal of Westaim Corporation is to generate growth in capital and safeguard wealth for its shareholders. They achieve this by investing in various ways, such as through acquisitions, joint ventures, and other partnerships. Westaim has a controlling stake of 75 percent in NUCRYST Pharmaceuticals Corp., which is traded on both the NASDAQ and the TSX. Westaim's common shares are also listed on the Toronto Stock Exchange with the symbol WED.
Westaim has raised $88.6M across 1 funding round on record, the most recent an undisclosed round of $88.6M announced in Jun 2023.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Westaim Company Profile and Key Stats
Latest funding round on record: Jun 2023.
Westaim Funding Rounds
Westaim Founders and Leadership Team
No contact details are on record for this team yet.
Westaim Funding Compared to Other Financial Services Startups
Westaim's latest round of $88.6M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Westaim Funding FAQs
What does Westaim do?
The main goal of Westaim Corporation is to generate growth in capital and safeguard wealth for its shareholders. They achieve this by investing in various ways, such as through acquisitions, joint ventures, and other partnerships. Westaim has a controlling stake of 75 percent in NUCRYST Pharmaceuticals Corp., which is traded on both the NASDAQ and the TSX. Westaim's common shares are also listed on the Toronto Stock Exchange with the symbol WED.
How much funding has Westaim raised?
Westaim has raised $88.6M across 1 round on record. The most recent is an undisclosed round of $88.6M announced in Jun 2023.
When did Westaim last raise funding?
Westaim's most recent funding round on record is an undisclosed round of $88.6M, announced in Jun 2023.
Who founded Westaim?
FundedIQ lists Jeff Sarfin (Founder) at Westaim.
Where is Westaim headquartered?
Westaim is based in Toronto, Ontario, Canada.
How many employees does Westaim have?
Westaim is in the 51-100 employee band.
How does Westaim's funding compare to other Financial Services startups?
Westaim's latest round of $88.6M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Westaim 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 Westaim is left off this page rather than filled in.
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