Creative Destruction Lab (CDL)

ECOncrete (CDL'21) has closed a $14M round. ECOncrete makes bio-enhancing concrete that integrates ecological function directly into marine infrastructure, strengthening ports, seawalls, and subsea assets while creating habitat for local biodiversity. econcretetech.com/news/econcrete…

Axoft (CDL'23) has raised an oversubscribed $55M Series A. Axoft is developing implantable brain-computer interfaces built on its proprietary Fleuron material, a substance up to 10,000x softer than the polyimide used in existing brain implants businesswire.com/news/home/2026…

Stoked Bio (CDL'25), a Canadian biotech company focused on the development of novel anti-infectives and cancer therapeutics, announced an oversubscribed $2.5M seed round. newswire.ca/news-releases/…

CDL-London and @imperialcollege are launching a Healthcare Robotics stream for founders commercializing innovations in medical robotics, active sensing, and physical AI to deliver personalized healthcare at scale. Read more here: creativedestructionlab.com/blog/london-he…

A coalition of five leading Canadian health institutions and genomic medicine software company, PhenoTips (CDL'20), has launched a $5.4M initiative to bring AI into the genomic testing process. phenotips.com/press/smartreq…

TippingPoint Biosciences (CDL'25) has closed an oversubscribed $4.5M seed round to advance a breakthrough drug discovery platform that targets epigenetic protein interfaces long considered “undruggable.” businesswire.com/news/home/2026…

Starfish Space (CDL'21) has raised over $100M in a Series B funding round. The round was raised on the back of significant technical and commercial traction. Starfish has Otter missions under contract with the U.S. Space Force, SDA, NASA, SES, and others. starfishspace.com/press-release/…

Mangrove (CDL'18) has received a $21.88M non-repayable contribution from NRCan for their work piloting an end-to-end spodumene to battery grade lithium conversion process and completing FEL engineering for a 20,000 tpa lithium refining facility in Canada. mangrovelithium.com/mangrove-recei…

Xona Space Systems (CDL'21) has closed a $170M Series C round. The funding will accelerate production of the Pulsar satellite constellation, a LEO navigation system that delivers stronger, more precise, and more secure positioning signals than legacy GPS. xonaspace.com/news/series-c

Nearly a decade after going through the CDL program at CDL-Toronto, @XanaduAI become the first company in Creative Destruction Lab's 13-year history to reach the public markets — listing on Nasdaq and the TSX under the ticker XNDU. creativedestructionlab.com/blog/xanadu-go…

Revolve Surgical (CDL'20) has received FDA clearance for its surgical robot platform. It provides robotic assistance to augment surgeons performing soft tissue procedures, with its table-mounted system that can integrate into existing clinical workflows. massdevice.com/revolve-surgic…

Xanadu Quantum Technologies (CDL'17) officially began trading today on the TSX, making it the first publicly listed pure-play photonic quantum computing company in the world. Congratulations to Christian Weedbrook and the entire Xanadu team! nasdaq.com/events/xanadu-…

Rainfall Health (CDL'22), an AI-driven compliance and reimbursement platform for hospitals has closed a $15M Series A round. Rainfall's platform is a single-blueprint solution for navigating a new reimbursement era with the US announcing a new CMS mandate. prnewswire.com/news-releases/…

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…