Startup · Canada
Eavor Technologies
HQ Canada
Eavor is an advanced geothermal technology company dedicated to creating a clean, scalable form of clean baseload power on a global scale.
Funding9 rounds · $40.0M + CA$202M + ~€170.6M
- Disclosed
- $40.0M + CA$202M + ~€170.6M
- Latest
- 8.0M CADGrant · Jul 7, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jul 7, 2026 | Grant | 8.0M CAD | — | Emissions Reduction Alberta | — | Confirmed |
| Jun 3, 2025 | Undisclosed | 89.0M CAD | — | Canada Growth Fund | — | Confirmed |
| May 2, 2024 | Debt | ~€45.0M | — | European Investment Bank | — | Confirmed |
| Feb 20, 2024 | Strategic | Undisclosed | — | Kajima Corporation | — | Confirmed |
| Oct 25, 2023 | Series B | 90.0M CAD | $601M? | OMV | Canada Growth Fund | Confirmed |
| Jun 14, 2023 | Series B | €34.0M | — | OMV | BP Ventures, Vickers Venture Partners | Confirmed |
| Mar 9, 2023 | Grant | €91.6M | — | — | — | Confirmed |
| Feb 16, 2021 | Undisclosed | $40.0M | — | — | BP Ventures, Business Development Bank of Canada, Chevron Technology Ventures, Temasek, Vickers Venture Partners | Reported |
| Sep 23, 2019 | Series A | 15.0M CAD | — | — | Vickers Venture Partners | Confirmed |
- 8.0M CADJul 7, 2026
- 89.0M CADJun 3, 2025
- ~€45.0MMay 2, 2024
- UndisclosedFeb 20, 2024
- 90.0M CADOct 25, 2023
- €34.0MJun 14, 2023
- GrantConfirmed€91.6MMar 9, 2023
- Undisclosed$40.0MFeb 16, 2021
- 15.0M CADSep 23, 2019
Totals add known amounts using recorded USD conversions where available; other currencies are shown separately. A ~ marks an estimated amount.
Sources15
Profile2
- 1
Eavor Technologies · Supports Organization · description, Organization · name, Organization · website
“Eavor is an advanced geothermal technology company dedicated to creating a clean, scalable form of clean baseload power on a global scale.”
- 2
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "Canada", "hq_iso2": "CA", "id": "317de182-5669-45fd-a6a9-70406c3eb7f9"}”
Funding13
- 3CompanyEavor Advances Next-Generation Geothermal Technology with Support from the Government of Alberta
GlobeNewswire · Jul 7, 2026 · Supports Funding round · amount
“awarded $8 million from the Government of Alberta”
- 4
Eavor · Jun 3, 2025 · Supports Funding round · amount
“~C$89 million on financial close”
- 5
BetaKit · Jun 3, 2025 · Supports Funding round
“will provide an additional $48 million upon the completion of undisclosed milestones”
- 6CompanyGermany: EIB and EU Innovation Fund support Eavor’s innovative geothermal technology in Bavaria
European Investment Bank · May 2, 2024 · Supports Funding round · amount
“providing a loan of close to €45 million”
- 7
Eavor · Feb 20, 2024 · Supports Funding round
“to receive a direct investment into the company”
- 8
ThinkGeoEnergy · Oct 26, 2023 · Supports Funding round
“Eavor Technologies has secured $182m in funding after an equity round”
- 9
Multiples · Oct 25, 2023 · Supports Funding round · post money valuation usd
“Eavor is valued at $601M as of October 2023.”
- 10
Canada Growth Fund · Oct 25, 2023 · Supports Funding round · amount
“a direct commitment of $90M of Series B preferred equity in Eavor”
- 11CompanyJune 14, 2023 - Eavor
Eavor · Jun 14, 2023 · Supports Funding round, Funding round · amount
“has completed the first close of their Series B equity round”
- 12
GlobeNewswire · Mar 9, 2023 · Supports Funding round · amount
“has been awarded a €91,6 million grant from the European Innovation Fund”
- 13
Global Corporate Venturing · Feb 17, 2021 · Supports Funding round
“Temasek, Vickers Venture Partners and BDC Capital filled out the round”
- 14
CNBC · Feb 16, 2021 · Supports Funding round · amount
“announced a $40 million funding round”
- 15
Eavor · Sep 23, 2019 · Supports Funding round · amount
“closes Eavor’s CAD$15 million Series A investment round”
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