Heating up: Cleantech startup Enurgen raises US$4M in seed funding

October 9, 2025

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Ottawa cleantech startup Enurgen has secured US$4.1 million in seed funding to help the fledgling company scale up its platform aimed at boosting the efficiency of solar-powered infrastructure. Founded in 2022, Enurgen makes software that uses physics-based models to help engineers, energy producers and managers of solar power projects maximize the amount of energy their systems generate. The seed round was led by the Business Development Bank of Canada, Brightspark Ventures and Montreal-based climate-tech VC firm Diagram, with participation from Toronto-based early-stage investment firm MaRS IAF. Enurgen, which has 10 full-time employees, says it plans to use the new funding to “accelerate the global expansion” of its platform, grow its R&D and marketing teams and develop next-generation versions of the software. “This funding marks a major milestone for Enurgen,” Enurgen co-founder and CEO Kibby Pollak said in a statement on Thursday. “In an era dominated by AI and (large language models), it’s crucial to recognize that critical systems like energy infrastructure continue to rely on physics-based models for accurate and deterministic outputs.” In an email to OBJ this week, Pollak said the firm’s new funding partners “bring deep, hands-on experience in enterprise SaaS, renewable energy engineering, and global infrastructure finance,” adding that expertise “will be instrumental” in helping the company scale its operations. “Solar PV is becoming the dominant (renewable) energy source, with panel costs plummeting faster than almost any technology in history – yet the software ecosystem remains stuck in the past,” Eleonore Jarry, partner at Brightspark Ventures, said in a statement. “Enurgen’s unique blend of deep academic R&D and strong commercial execution positions them perfectly to deliver the advanced 3D modelling infrastructure the industry desperately needs.” Enurgen says it has been working on the technology for more than a decade. Pollak said the company, which officially spun out from a research lab three years ago, has experienced “exponential” revenue growth since launching its first commercial product in early 2025. Since then, Pollak said, Enurgen has landed deals with “major global power producers” and has deployed its platform on more than two gigawatts of solar assets, representing more than $2 billion in project value. Enurgen’s CEO said the company is on track to more than double its revenues in 2026, adding it plans to announce a “major commercial partnership” in the coming months.