On January 18, 2023, Summit Nanotech Corporation announced that they raised US$50 million in a Series A2 financing round. This round was led by EVOK Innovations Inc. and BDC Capital’s Climate Tech Fund with participation from Xora Innovation, Capricorn Investment Group, Volta Energy Technologies, NGP, Helios Climate Ventures and The Grantham Foundation.
Summit Nanotech Corporation plans to use this funding to further expand their global resources and Canadian manufacturing potential. This will also increase their total funding to $US72 million to date.
Evok Innovations Inc. is a Canadian-based venture capital firm that focuses on investing in developing and deploying cutting-edge clean energy technology.
BDC Capital is the investment arm of BDC and Canada’s largest venture capital investor.
Summit Nanotech Corporation, headquartered in Alberta is a cleantech organization with a focus in using lithium for global energy purposes.
Osler, Hoskin & Harcourt LLP advised Evok Innovations Inc. and BDC Climate Tech Fund with a team consisting of Justin Young, Jacob Young, Lindsay Hofer, Sylvia Rowat (Emerging and High Growth Companies and Corporate), Vincent de Grandpré and Kenza Salah (Intellectual Property).