About Sustainable Development Technology Canada
Sustainable Development Technology Canada is a venture capital firm founded in 2001. It is primarily based out of Ottawa, Canada. As of Feb 2025, Sustainable Development Technology Canada has invested in 295 companies. It primarily invests in Grant (prize money) round in Canada based startups. Its investments are spread across a wide range of sectors from High Tech to Environment Tech and Food and Agriculture Tech. Most recently it participated in the $***** Grant (prize money) round of Solaires Overall, Sustainable Development Technology Canada portfolio has seen 23 IPOs and 17 acquisitions including key companies like D-Wave, Eavor and MEG Energy. A lot of funds co-invest with Sustainable Development Technology Canada, with names like Natural Resources Canada sharing a substantial percentage of its portfolio. Sustainable Development Technology Canada has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Grant (prize money), Seed & 4 more
Portfolio Acquisitions
Portfolio Soonicorns
Sustainable Development Technology Canada's List of Top Investments
Sustainable Development Technology Canada has a portfolio of 295 companies. Their most notable investments are in Spark Microsystems and PolarBlock.Their portfolio spans across Canada, United States, India and 1 more locations. They have invested in High Tech, Environment Tech, Food and Agriculture Tech and 28 other sectors, across stages such as Grant (prize money), Seed and 4 more. Here is the list of top investments by Sustainable Development Technology Canada:
1. D-Wave
Developer and delivery of quantum computing systems, software, and services. It offers quantum computers a dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. It help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap quantum cloud service.
Key facts about D-Wave
- Founded Year: 1999
- Location: Palo Alto (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $256M
- Employee Count: 432 as on May 31, 2026
- Investors: Western Technology Investment, Fidelity Investments and 26 Others
- Latest Funding Round: Grant (prize money), Mar 11, 2021, $*****
- Highlight: Public
2. Eavor
Provider of solutions for generating electricity from geothermal energy. The company offers a closed system within which a proprietary working fluid is contained and circulated. The system harvests heat from deep in the earth that can be used for commercial heating applications.
Key facts about Eavor
- Founded Year: 2017
- Location: Calgary (Canada)
- Stage: Acquired
- Total Funding till date: $245M
- Employee Count: 79 as on May 31, 2026
- Investors: BP Ventures, Temasek and 13 Others
- Latest Funding Round: Series C, Jul 09, 2025, $*****
- Highlight: Acquired
3. Ecopia
Provider of AI-based mapping systems generating high-definition vector data. It leverages artificial intelligence to digitize geospatial imagery at scale. The company generates vector maps with accuracy, providing a source of geospatial data. It offers detailed insight about the real world across terrains.
Key facts about Ecopia
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $12.6M
- Employee Count: 47 as on May 31, 2026
- Investors: Canadian Space Agency, MaRS Discovery District and 4 Others
- Latest Funding Round: Grant (prize money), Jul 07, 2022, $*****
- Highlight: Editors' Pick
4. MEG Energy
MEG Energy is an exploration and development company focused in oil sands in situ development and production in the Southern Athabasca region of Alberta.The company’s current focus is the Christina Lake region,
Key facts about MEG Energy
- Founded Year: 1999
- Location: Calgary (Canada)
- Stage: Acquired
- Total Funding till date: $54.4M
- Employee Count: 448 as on May 31, 2026
- Investors: Azimuth Capital Management, Sustainable Development Technology Canada and 3 Others
- Latest Funding Round: Post IPO, Jun 14, 2019, $*****
- Highlight: Acquired
General Fusion is a developer of a magnetized nuclear fusion reactor. The reactor consists of 3 main components, a plasma injector, which converts hydrogen fuel into plasma & holds in a magnetic field; liquid metal wall, which compresses the plasma & captures the energy released; piston array, which collapses liquid metal vortex & shockwave formation by plasma compression. The hot liquid metal is used to operate a heat exchanger by producing power.
Key facts about General Fusion
Sustainable Development Technology Canada's Year-on-Year Investment Trends
Sustainable Development Technology Canada has invested in 295 companies over the last 17 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Nxlite and most recent follow-on round was in Solaires.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 0 | 0 |
2023 | 10 | 5 | 15 |
2022 | 16 | 5 | 21 |
2021 | 65 | 11 | 76 |
2020 | 31 | 4 | 35 |
2019 | 11 | 2 | 13 |
2018 | 9 | 3 | 12 |
2017 | 14 | 2 | 16 |
Sustainable Development Technology Canada's Investments by Stage
Sustainable Development Technology Canada has made 158 investments in Grant (prize money) stage with an average round size of $2.54M, 30 investments in Seed stage with an average round size of $1.96M and 10 investments in Series A stage with an average round size of $6.63M.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 158 |
Seed | 30 |
Series A | 10 |
Series B | 3 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Sustainable Development Technology Canada's Investments by Sector
Sustainable Development Technology Canada has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, High Tech, Energy Tech and Enterprise Applications. Notably, it has invested in 216 Enterprise (B2B) companies, 208 Tech companies, 95 Tech hardware companies and at least 80 companies focusing on Software.Sector | No. of Investments |
|---|---|
Sustainability Tech | 94 |
Environment Tech | 82 |
High Tech | 72 |
Energy Tech | 56 |
Enterprise Applications | 40 |
Others | 225 |
Note: We have considered here, only first round of investments
Sustainable Development Technology Canada's Investments by Geography
Sustainable Development Technology Canada has made most investments in Canada (193), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
Canada | 193 |
United States | 8 |
India | 1 |
Mexico | 1 |
Note: We have considered here, only first round of investments
Sustainable Development Technology Canada's recent investments
Sustainable Development Technology Canada has not made any investment in 2026 so far.Here are the most recent investments by Sustainable Development Technology Canada:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 14, 2025 | Canada | Grant (prize money) | 8607 | - | |
Aug 21, 2023 | Canada | Grant (prize money) | 7631 | ||
Aug 02, 2023 | Canada | Series A | 3366 | ||
Mar 28, 2023 | United States | Grant (prize money) | 9692 | - | |
Mar 28, 2023 | United States | Seed | 7536 | - |
IPOs and Publicly Listed companies in Sustainable Development Technology Canada's Portfolio
23 of Sustainable Development Technology Canada's portfolio companies have become public. Xanadu got listed on the Toronto Stock Exchange (TSX), in Mar 2026 at marketcap of $433M and D-Wave got listed on the New York Stock Exchange (NYSE).Here are Sustainable Development Technology Canada's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 26, 2026 | Jan 30, 2020 | Series A | 9090 | |
Aug 08, 2022 | - | - | 1301 | |
Oct 26, 2021 | Nov 03, 2017 | Grant (prize money) | 1753 | |
Aug 11, 2021 | - | - | 6734 | |
Jul 15, 2021 | Sep 21, 2016 | Grant (prize money) | 3611 |
Acquired companies in Sustainable Development Technology Canada's Portfolio
17 companies from Sustainable Development Technology Canada's portfolio have been acquired. The most recent acquisition was Nanoleaf in Jun 2026 by OneRobotics for $*****.Here are Sustainable Development Technology Canada's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2026 | Mar 08, 2016 | Series A | 3726 | |
Aug 22, 2025 | - | - | 4334 | |
Jun 03, 2025 | Sep 28, 2016 | Grant (prize money) | 6041 | |
Dec 18, 2024 | Feb 17, 2023 | Series A | 6609 | |
Dec 09, 2024 | Mar 25, 2016 | Grant (prize money) | 4655 |
Team profile of Sustainable Development Technology Canada
Sustainable Development Technology Canada has a team of 1 member located in Canada. Sustainable Development Technology Canada's team does not sit on the board of any company as of now.Co-investors of Sustainable Development Technology Canada
Over the past 17 years, 587 investors have co-invested in Sustainable Development Technology Canada's portfolio companies. This includes funds and angels.
- Invested before Sustainable Development Technology Canada: BDC, Accelerator Centre and 177 others have invested in rounds before Sustainable Development Technology Canada. There are 14 companies where BDC has invested before Sustainable Development Technology Canada and 7 companies where Accelerator Centre has invested before Sustainable Development Technology Canada.
- Top Co-investors of Sustainable Development Technology Canada: 37 investors entered a company along with Sustainable Development Technology Canada. These include investors like Natural Resources Canada (3 companies).
- Invested after Sustainable Development Technology Canada: A total of 371 investors have invested in Sustainable Development Technology Canada's portfolio after their investments. Top Investors include BDC (20 companies), Export Development Canada (10 companies) and Canadian Space Agency (8 companies).
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