What is Evercloak?
Evercloak operates at the intersection of advanced materials science and industrial cleantech. The company specializes in a unique manufacturing platform designed to produce continuous, large-area monolayers of exfoliated 2D nanomaterials, including graphene and carbon nanotubes. By overcoming the historical barriers to scaling these materials, Evercloak provides essential components for smart packaging, electronic devices, and corrosion-resistant coatings. A core component of their current market strategy involves the deployment of graphene-based membranes for dehumidification, a solution engineered to drastically lower the energy intensity of building cooling systems. As a recognized leader in the NRCan Breakthrough Energy Solutions Canada program, Evercloak is effectively bridging the gap between laboratory-scale innovation and real-world industrial application, positioning itself as a critical player in the global transition toward net-zero carbon operations.
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 Greensoil PropTech Ventures, GroundBreak Ventures, and Bioindustrial Innovation Canada
Key Investors in Evercloak
Greensoil PropTech Ventures
A venture capital firm dedicated to transforming the built environment through sustainable innovation and the digitization of real estate assets.
GroundBreak Ventures
An investment firm focused on early-stage Canadian innovators who are addressing critical challenges in housing affordability and energy efficiency within the construction sector.
Bioindustrial Innovation Canada
A strategic organization that facilitates the commercialization of clean technologies to support Canada's transition toward a net-zero carbon economy.
What's next for Evercloak?
With this major enterprise-level funding, Evercloak is set to accelerate its operational roadmap, focusing on the refinement of its manufacturing throughput and the expansion of its commercial footprint. The strategic allocation of these resources will likely prioritize the scaling of its dehumidification membrane technology, which addresses a significant pain point in the commercial real estate sector. By leveraging the expertise of its backers, the company is expected to deepen its integration into the built environment, driving further adoption of its energy-efficient solutions. Future growth will likely hinge on the company's ability to maintain its competitive edge in material consistency while navigating the complexities of industrial supply chain integration. As the demand for sustainable, high-performance materials continues to rise, Evercloak remains a key entity to monitor for potential partnerships and further market expansion within the cleantech ecosystem.
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