Summit Nanotech

Calgary, Canada · Founded 2018 · Privately Held (backing)

Developer of a lithium extraction technology designed to conserve natural resources and optimize operations for lithium producers. Summit Nanotech is based in Calgary, Canada and was founded in 2018. Its last reported valuation was $3.7 million in Aug 2020. It has raised $91.4 million across 3 recorded rounds; the latest was a $5 million debt round in Nov 2024.

Last reported valuation
$3.7M
Oct 2026
Priced at
—
Total raised
$91.4M
Last round
Debt
Nov 2024

Summit Nanotech key facts

as of Oct 2026
  • Developer of a lithium extraction technology designed to conserve natural resources and optimize operations for lithium producers.
  • Summit Nanotech is valued at approximately $3.7M as of Oct 2026 (last reported valuation).
  • It has raised $91.4M across 3 recorded rounds; the latest was Debt ($5.0M) in Nov 2024.
  • Notable investors include Creative Destruction Lab, BDC Capital, Third Derivative, LG Technology Ventures, The Grantham Foundation — 32 tracked in total.
  • Summit Nanotech has filed 6 Form Ds with the SEC since 2020, most recently Nov 2024 ($5.0M sold to 1 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$3.7M

Summit Nanotech's last reported valuation, Aug 2020. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Summit Nanotech funding rounds

3 rounds
Nov 2024Debt$5.0MSEC filing▮
Nov 2022Early Stage VC$18.4MSEC filing▮
Dec 2021Early Stage VC$5.4MSEC filing▮

Summit Nanotech valuation

Summit Nanotech's last reported valuation was $3.7 million in Aug 2020. No priced round, secondary trade or fund mark has surfaced since.

How much has Summit Nanotech raised?

Summit Nanotech has raised $91.4 million in total; 3 of its rounds are on record, from 2021 on. The largest on record was a $5.4 million early-stage round in Dec 2021; the most recent was a $5 million debt round in Nov 2024.

Summit Nanotech has filed 6 Form Ds with the SEC since 2020, most recently in Nov 2024 ($5 million sold to 1 investor).

Summit Nanotech investors

32 investors are on record for Summit Nanotech, including Creative Destruction Lab, BDC Capital, Third Derivative and LG Technology Ventures. By type, the record holds 3 venture capital firms and 2 growth equity firms. The debt round in Nov 2024 drew 1 investor.

About Summit Nanotech

Developer of a lithium extraction technology designed to conserve natural resources and optimize operations for lithium producers. The company is focused on developing direct lithium extraction technology that delivers economically competitive battery-grade patented lithium extraction technology, with low water use and low levelized cost, enabling companies to create minimal environmental impact compared to traditional processes and other DLE options.

Sector
Energy
HQ
Calgary, Canada
Founded
2018
Employees
99
Ownership
Privately Held (backing)

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