About Canadian Shield Capital
Canadian Shield Capital is a venture capital firm founded in 2014. It is primarily based out of Toronto, Canada. As of 2022, Canadian Shield Capital has invested in 9 companies. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Environment Tech and High Tech. Most recently it participated in the $***** Seed round of Noveon A lot of funds co-invest with Canadian Shield Capital, with names like Hatch sharing a substantial percentage of its portfolio. Canadian Shield Capital has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Unattributed & 2 more
Canadian Shield Capital's List of Top Investments
Canadian Shield Capital has a portfolio of 9 companies. Their most notable investments are in Noveon and Peak Power.Their portfolio spans across Canada and United States. They have invested in Enterprise Applications, Environment Tech, High Tech and 6 other sectors, across stages such as Seed, Unattributed and 2 more. Here is the list of top investments by Canadian Shield Capital:Helical horizontal axis turbines. The company focused on developing technology for tidal power generation. The company has developed its proprietary TidGen and RivGen systems which use a patented core technology platform, the turbine generator unit. Their turbines systems are used in rivers and ocean currents
Key facts about Ocean Renewable Power Company
2. Peak Power
Peak Power is a microgrid project developer delivering solutions to offset the most expensive hours of electric demand for utilities and building owners. It offers software to consumers and utilities to switch to micro-grid during peak pricing.
Key facts about Peak Power
- Founded Year: 2015
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $35M
- Employee Count: 51 - 200 as on Jul 17, 2025
- Investors: MaRS Discovery District, Sustainable Development Technology Canada and 12 Others
- Latest Funding Round: Series A, May 18, 2023, $*****
- Highlight: Editors' Pick
3. Noveon
Provider of magnet recycling solutions. It provides permanent magnets for sustainable energy. It also provides EcoFlux which is a sustainable magnet.
Key facts about Noveon
- Founded Year: 2021
- Location: San Marcos (United States)
- Stage: Series C
- Total Funding till date: $293M
- Employee Count: 12 as on Dec 31, 2021
- Investors: In-Q-Tel, NGP and 4 Others
- Latest Funding Round: Series C, Jan 19, 2026, $*****
- Highlight: Editors' Pick
Startup providing underground mapping solutions for the mining sector. It offers tools for capturing data in 2D using HD images and in 3D using colored point clouds interfaced with LiDAR technology. The collected data can be visualized through an online dashboard. It has applications in taking strike and dip measurements in open pit mining, underground mining, geological exploration, and civil engineering. It also offers an AI-powered mapping platform that assists engineers assess tunnel stability in mines and construction sites.
Key facts about RockMass Technologies
- Founded Year: 2016
- Location: Kingston (Canada)
- Stage: Seed
- Total Funding till date: $2.74M
- Employee Count: 26 as on Jul 01, 2024
- Investors: MaRS Discovery District, Maple Leaf Angels and 8 Others
- Latest Funding Round: Seed, 2022, $*****
- Highlight: Editors' Pick
5. Creyos
Key facts about Creyos
- Founded Year: 2009
- Location: Toronto (Canada)
- Stage: Seed
- Investors: Canadian Shield Capital
- Latest Funding Round: Seed, 2021, $*****
Canadian Shield Capital's Year-on-Year Investment Trends
Canadian Shield Capital has invested in 9 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Noveon and most recent follow-on round was in Creyos.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 4 | 0 | 4 |
2021 | 3 | 1 | 4 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
Canadian Shield Capital's Investments by Stage
Canadian Shield Capital has made 5 investments in Seed stage, 2 investments in Unattributed stage, 1 investment in PE stage and 1 investment in Series C stage with an average round size of $20M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Unattributed | 2 |
PE | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Canadian Shield Capital's Investments by Sector
Canadian Shield Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Environment Tech, Mining, Sustainability Tech and Energy Tech. Notably, it has invested in 5 Enterprise (B2B) companies, 5 Tech companies, 3 Software companies and 2 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Environment Tech | 3 |
Mining | 3 |
Sustainability Tech | 3 |
Energy Tech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Canadian Shield Capital's Investments by Geography
Canadian Shield Capital has made most investments in Canada (6), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Canada | 6 |
United States | 3 |
Note: We have considered here, only first round of investments
Canadian Shield Capital's recent investments
Canadian Shield Capital has not made any investment in 2026 so far.Here are the most recent investments by Canadian Shield Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2022 | United States | Seed | 7365 | - | |
2022 | Canada | Seed | 1219 | - | |
2022 | Canada | Seed | 3383 | - | |
2022 | Canada | Unattributed | 4963 | - | |
Aug 17, 2021 | United States | Series C | 9997 |
Team profile of Canadian Shield Capital
Canadian Shield Capital has a team of 6 members including 2 Partners and 1 Principal located in Canada. Canadian Shield Capital's team sits on the board of 1 company.Here is a list of all team members in Canadian Shield Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | - | ||
Partner | Toronto | |||
Principal | Toronto | - |
Co-investors of Canadian Shield Capital
Over the past 11 years, 21 investors have co-invested in Canadian Shield Capital's portfolio companies. This includes only funds.
- Invested before Canadian Shield Capital: Europa, DOE and 10 others have invested in rounds before Canadian Shield Capital. There is 1 company where Europa has invested before Canadian Shield Capital and 1 company where DOE has invested before Canadian Shield Capital.
- Top Co-investors of Canadian Shield Capital: 3 investors entered a company along with Canadian Shield Capital. These include investors like Hatch (1 company).
- Invested after Canadian Shield Capital: A total of 6 investors have invested in Canadian Shield Capital's portfolio after their investments. Top Investors include Greenbacker (1 company), Osmington (1 company) and Hatch (1 company).
Recent News related to Canadian Shield Capital
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ORPC bags $25M to accelerate tidal power roll-outOffshore Energy•Aug 17, 2021•Ocean Renewable Power Company, Canadian Shield Capital, Hatch
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Peak Power Inc. Secures Funding from Hatch and BDC, the Bank for Canadian EntrepreneursBusiness Wire•Jan 26, 2021•Peak Power, BDC, Canadian Shield Capital, Sensata
