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NS/TX secures $14.7-million CAD in a Series A round to develop its alternative protein manufacturing platform, led by international investors.

PRIVATEAug 18, 2026•about 4 hours ago

Amount Raised

$14.7 Million

Round Type

Series A

GuelphFood and BeverageAgriculture and FarmingGovernment

Description

Toronto's NS/TX has successfully closed a $14.7-million CAD Series A funding round. The financing aims to enhance the company's alternative protein manufacturing platform for plant-based meats. The round was notably supported by foreign investors. This comes amid a report highlighting a lack of Canadian foodtech funding beyond the seed stage.

Company Information

Company

NS/TX

Location

Guelph, Ontario, Canada

About

The Canadian Food Innovation Network (CFIN) is a federal government-funded, industry-led not-for-profit organization that connects and supports innovation within Canada’s food sector. CFIN focuses on foodtech, which includes solutions for food production and delivery processes, such as manufacturing robots and restaurant management apps. They aim to strengthen the growth of foodtech in Canada and ensure that it realizes its full economic potential. CFIN conducts reports and studies on the state of the foodtech industry in Canada.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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