What is Evercloak?
Evercloak is commercializing a novel manufacturing platform designed for the production of continuous, large-area monolayers of 2D nanomaterials, including graphene, graphene oxide, molybdenum disulfide, and carbon nanotubes. These advanced films are critical for a diverse array of applications spanning energy storage, smart packaging, electronic devices, corrosion inhibitors, and membranes. The company's initial strategic focus is on developing graphene-based membranes for dehumidification, a technology poised to significantly reduce the energy consumption and associated greenhouse gas emissions linked to building cooling systems. Evercloak's commitment to accelerating clean technology development was recognized through its win in the NRCan Breakthrough Energy Solutions Canada program.
How much funding has Evercloak raised?
Evercloak has raised a total of $2M across 1 funding round:
Angel/Seed
$2M
Angel/Seed (2024): $2M with participation from GroundBreak Ventures, Greensoil PropTech Ventures, and Bioindustrial Innovation Canada
Key Investors in Evercloak
GroundBreak Ventures
GroundBreak Ventures is an early-stage investor focused on innovating the housing and construction sectors in Canada, aiming to enhance the built environment through capital and expertise.
Greensoil PropTech Ventures
Greensoil PropTech Ventures pioneers sustainable and innovative solutions in the PropTech sector, investing in companies that drive digitization and decarbonization within the built environment.
Bioindustrial Innovation Canada
Bioindustrial Innovation Canada (BIC) strategically invests in businesses developing clean and sustainable technologies to advance Canada's bioeconomy and support the transition to a net-zero carbon economy.
What's next for Evercloak?
This significant enterprise-level funding positions Evercloak for accelerated growth and market penetration. The capital infusion is expected to fuel the scaling of its unique manufacturing capabilities and the expansion of its graphene-based membrane technology into the building cooling sector. Further strategic investments will likely focus on enhancing production capacity, broadening the application of its 2D nanomaterial films, and solidifying its position as a leader in sustainable cleantech solutions. The company's trajectory suggests a strong emphasis on commercialization and impact, aligning with broader global efforts towards decarbonization and energy efficiency.
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