# Evercloak

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evercloak

- Industry: Materials
- Headquarters: Kitchener, Canada
- Website: www.evercloak.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 11

## About

Based in Ontario, Canada, and founded in 2018 by CEO Evelyn Allen and Michael Pope, Evercloak Inc., a.k.a. Evercloak operates as a clean technology company that focuses on developing advanced material manufacturing processes to address environmental challenges. In February 2024, Evercloak Inc. raised CAD 2 million in seed funding led by Bioindustrial Innovation Canada, with participation from Greensoil Ventures, Groundbreak Ventures, and Ontario Centres of Innovation.

Evercloak offers custom graphene oxide composite membranes known for their high-water vapor permeance and tunable performance. These membranes are cost-competitive and stable against harsh chemicals like chlorine, making them suitable for various applications, including humidification, dehumidification, pervaporation, and gas dehydration.

The company plans to use its proceeds from February 2024 funding to scale up its membrane manufacturing and strengthen the commercial team.

## Funding rounds

- Seed, Feb 13, 2024, $1.5M — Ontario Centre of Innovation, Greensoil Investments, Bioindustrial Innovation Canada, GroundBreak Ventures
- Seed, Jul 14, 2020, $0.1M — Sustainable Development Technology Canada
- Seed, Jun 1, 2020, $0.1M — Wisdom
- Seed, Feb 12, 2020, $0.7M — Natural Resources Canada, Breakthrough Energy Ventures, Creative Destruction Lab
- Seed, Dec 12, 2018, $0M — Velocity, 51 Ventures

## Investors

- Velocity (https://capitalatlas.ai/funds/velocity) — Seed
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Seed
- Natural Resources Canada — Seed
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Seed
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed
- Wisdom (https://capitalatlas.ai/funds/wisdom) — Seed
- Sustainable Development Technology Canada (https://capitalatlas.ai/funds/sustainable-development-technology-canada) — Seed
- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- Greensoil Investments (https://capitalatlas.ai/funds/greensoil-investments) — Seed
- Bioindustrial Innovation Canada (https://capitalatlas.ai/funds/bioindustrial-innovation-canada) — Seed
- GroundBreak Ventures (https://capitalatlas.ai/funds/groundbreak-ventures) — Seed