Summit Nanotech has secured a $25.5-million USD ($36.5 million CAD) funding round to commercialize its lithium extraction technology. The round was led by Evok Innovations and BDC Capital’s Climate Tech Fund, with participation from other investors.
Amount Raised
C$36.5 Million
Round Type
Funding Round
CalgaryInformation TechnologySustainabilityArtificial IntelligenceTransportationInvestors
Description
Calgary-based lithium extraction startup Summit Nanotech has secured a $25.5-million USD ($36.5 million CAD) funding round to go from demonstration to commercialization. The round led by returning investors Evok Innovations and BDC Capital’s Climate Tech Fund, with participation from Xora Innovation, Capricorn Investment Group, LG Technology Ventures, and Mitsui Kinzoku’s SBI Material Innovation Fund. This funding comes at a pivotal time for Summit as they transition from demonstration to full-scale commercial design. Summit uses advanced nanomaterial and data analytics to harvest lithium with minimal environmental impact.
Quick answer
Summit Nanotech raised C$36.5 Million in a Funding Round round, dated March 19, 2025. Investors: Capricorn Investment Group, LG Technology Ventures, BDC Capital’s Climate Tech Fund, SBI Material Innovation Fund, Xora Innovation and Evok Innovations. Summit Nanotech is based in Calgary, Alberta, Canada.
- How much did Summit Nanotech raise?
- Summit Nanotech raised C$36.5 Million in a Funding Round round on March 19, 2025.
- Who invested in Summit Nanotech?
- Capricorn Investment Group, LG Technology Ventures, BDC Capital’s Climate Tech Fund, SBI Material Innovation Fund, Xora Innovation and Evok Innovations are named as investors in this round.
- What does Summit Nanotech do?
- Summit is a leading provider of direct lithium extraction (DLE) technology for the lithium mining industry.
- Where is Summit Nanotech based and how big is it?
- Summit Nanotech is based in Calgary, Alberta, Canada. Fundz records about 101 employees.
- Who are the decision-makers at Summit Nanotech?
- Fundz holds 1 contact at Summit Nanotech, including the CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Transportation around the same time
Companies in the same sectors as Summit Nanotech that raised within 45 days of this round, from Fundz verified event records.
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