Creative Destruction Lab (CDL)

Lunar Outpost (CDL'22) has raised $30M in Series B funding to scale production of its lunar robotics and mobility systems that would be required for a permanent human presence in space. lunaroutpost.com/post/lunar-out…

D-CRBN (CDL'23), a startup developing electrified plasma technology to recycle CO₂ and hydrocarbons into circular carbon molecules, has closed a €17.5M Series A investment round. eu-startups.com/2026/05/belgia…

Space domain awareness startup Spaceflux (CDL'23) has raised an additional £3.5M, extending its seed round to a total of £9M to accelerate its expansion into new markets. Read more: europeanspaceflight.com/spaceflux-exte…

Quantum Bridge Technologies (CDL'21) has raised $8M in Series A funding to accelerate the global transition to quantum-safe cybersecurity infrastructure — bringing its total capital raised to $16M. qubridge.io/quantum-bridge…

Superhuman (formerly Grammarly) has acquired GPTZero (CDL'24), an AI detection company founded in 2022. GPTZero grew to more than 19M users worldwide, building tools that identify LLM-generated content and flag hallucinated citations in academic research. betakit.com/superhuman-for…

Picketa (CDL'22) has closed an $2.1M round. Piketa develops a portable device that gives readings on all essential macro and micronutrients in under a minute. By replacing guesswork with real-time insights, growers can save on fertilizer costs. picketa.com/post/with-fert…

Myomar Molecular (CDL'22), which has developed a urine test that assesses muscle health, has closed a $3.5M seed round that will help it expand into the U.S. and Asia. entrevestor.com/home/entry/myo…

Quantum computing company, Quobly (CDL'24) has closed a €115M Series A to accelerate the industrialization of its silicon-based quantum computers and bring its first commercial product to market this year. quobly.io/press-releases…

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-…