Creative Destruction Lab (CDL)

Legal AI startup @SpellbookLegal (CDL'20) has secured $40M USD in debt financing as it looks to scoop up smaller competitors amid faster-than-expected growth. #BuildSomethingMassive betakit.com/on-track-to-hi…

Hatch has joined CDL Minerals as a corporate partner to drive the future of mining innovation. With deep expertise in mineral processing, metallurgy, and mine development, @HATCHglobal is will bring operational insight to CDL Ventures. creativedestructionlab.com/blog/hatch-joi…

Cleantech company Cyclic Materials (CDL'23) has closed a $75M USD series C. The company has developed an innovative process to recover critical rare earth elements from end-of-life products like magnet production waste. betakit.com/cyclic-materia…

Zero Point Cryogenics (CDL'24), a deeptech company manufacturing cooling systems for quantum computing research, is receiving $5M from PrairiesCan to advance the commercialization of the company's dilution refrigerators and cryogenics. betakit.com/feds-announce-…

Healthtech startup Mesosil (CDL'23) has received FDA clearance to sell its bacteria-fighting dental technology to the US dental industry through a partnership with one of its clients. betakit.com/mesosils-infec…

Announced today by the Honorable @timhodgsonmt and @EvanLSolomon, the Government of Canada, CDL, @LaurentianU, and industry participants signed a Declaration of Intent to explore collaboration on digitization of Canada’s geological drill core. creativedestructionlab.com/blog/canadian-…

Announced today by The Honourable @EvanLSolomon, Minister of Artificial Intelligence and Digital Innovation, Creative Destruction Lab is receiving a Government of Canada investment, through @FedDevOntario to support its newly launched CDL Defence program. creativedestructionlab.com/blog/governmen…

Classical computing is reaching its limits for some of the world’s most complex optimization problems. Multiverse Computing (CDL'20) is building quantum-inspired software designed to tackle challenges in finance, energy, and manufacturing. pulse2.com/multiverse-com…

SeaSats (CDL'24) is building small uncrewed surface vehicles designed for persistent, lower-cost operations at sea and has raised $20M to scale production of its USVs, expanding capacity to meet growing demand across defence and commercial markets. prnewswire.com/news-releases/…

Integrate (CDL'24) has raised $17M to modernize how defence teams plan, track, and execute large-scale programs. The platform connects stakeholders, timelines, budgets, and compliance requirements in a single system designed for defence procurement. techcrunch.com/2026/02/11/int…

Kaster Technologies (CDL'25) has raised $1.6M through connections made at CDL-Montreal. Kaster’s software platform helps streamline pharma manufacturing to prevent drug shortages. betakit.com/kaster-technol…

Ammobia (CDL’25) is re-engineering the century-old Haber-Bosch process for making ammonia to cut energy use and scale cleaner ammonia production, following a $7.5M seed round. techcrunch.com/2026/01/13/amm…

Mycophyto, a startup specialized in biostimulants and soil regeneration using mycorrhizal fungi with a touch of AI, has announced that it has closed a €16M funding round. hortidaily.com/article/980094…

Seasats (CDL'24), a leading developer of long-endurance autonomous surface vessels was selected by the US DoW to receive a $24M award under the Accelerate the Procurement and Fielding of Innovative Technologies program. prnewswire.com/news-releases/…

Toronto’s quantum momentum is driven by world-class science, committed institutions, and an ecosystem built to take breakthroughs from lab to market. At CDL-Toronto, we’re proud to support founders and alumni like Xanadu. financial-news.co.uk/the-surprising…

Creative Destruction Lab has launched CDL-Doha, in Qatar. Operated in partnership by @esmtberlin and @HECParis, the site is funded by founding partners Qatar Investment Authority @QIA_QA and the @qrdicouncil. creativedestructionlab.com/blog/doha/

Spaceflux (CDL'23) has won three major multimillion-pound, multiyear UK government contracts to provide advanced space surveillance and tracking (SST) data across multiple orbital regimes. #BuildSomethingMassive spaceflux.io/press-release-…

Vention has secured a $110M Series D round to enhance and scale its physical AI platform into manufacturing plants worldwide. betakit.com/montreal-indus…

Enosemi (CDL'24), a startup designing custom materials to support silicon photonics product development has been acquired by AMD. AMD says that its acquisition of Enosemi will “accelerate its co-packaged optics innovation for AI systems.” techcrunch.com/2025/05/28/amd…

BDC is joining forces with Creative Destruction Lab to accelerate defence innovation, becoming the first partner of CDL’s global Defence program. bdc.ca/en/about/media…