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Eavor Technologies

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Providing closed-loop geothermal technology that delivers clean, reliable, and scalable energy without the need for fracking or aquifers

Calgary, CanadaFounded 2017Energy
Valuation $500M–1B Last recorded · 2025
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Eavor Technologies and the history behind them.

About Eavor Technologies

Eavor is a Canadian energy technology company that develops and deploys closed-loop geothermal systems designed to provide consistent, clean, and scalable energy. Its proprietary technology, the Eavor-Loop™, offers a geothermal solution that operates independently of traditional geothermal reservoirs, using a sealed system to circulate a working fluid through a network of subsurface wells and horizontal connections.

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Unlike conventional geothermal methods that rely on water, natural aquifers, or fracking, the Eavor-Loop™ is based on a closed-loop design that captures heat from the Earth’s natural thermal gradient. This approach avoids environmental concerns such as water usage, emissions, and seismic risk, while making geothermal energy accessible in a broader range of geographic locations.

Eavor's technology is engineered to deliver baseload and dispatchable power, meaning it can provide a consistent energy output and help balance electricity grids alongside variable renewable sources like wind and solar. The system also offers potential applications in district heating and industrial thermal energy supply.

The company has demonstrated the feasibility of its approach through pilot projects like Eavor-Lite™ in Alberta, Canada, and is expanding internationally with projects such as Eavor-Europe™. Eavor collaborates with energy providers, governments, and infrastructure developers to integrate its systems into local energy strategies.

By offering a geothermal alternative that is not constrained by site-specific geological conditions, Eavor aims to contribute to diversified and resilient low-carbon energy systems.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Calgary, Canada
Employees
79
Open positions
5
Dealroom signal
66.2/100
Sub-industry
Clean Energy
Sector
Energy, Geothermal Energy, Sustainable Development Goals, Rumoured $1B, Climate Tech, Renewable Energy, Woman Founder, Horizon Europe, Start Alberta, NIF defense security and resilience
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Eavor Technologies.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jun 2025 $65M $667M Canada Growth Fund
LATE VCOther financing Feb 2024 $0 Kajima
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Eavor Technologies website traffic

Latest recorded traffic for Eavor Technologies is 16K monthly website visits, up 6.7% over the last three months. Eavor Technologies's team declined 17.7% over the past year.

Latest monthly visits16K 3-month web change+6.7% 1-year team growth-17.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Natural Resources Canada
  • Government of Canada
  • Sustainable Development Technology Canada
  • Leading Cities

Series A8 investors entered at this stage

  • Vickers Venture Partners
  • Temasek
  • BDC Capital
  • Chevron Technology Ventures
  • BP Ventures
  • Eversource
  • Chubu Electric Power
  • OMV

Series B and later6 investors entered at this stage

  • Microsoft Climate Innovation Fund
  • Japan Energy Fund
  • Canada Development Investment Corporation
  • Monaco Asset Management
  • Kajima
  • Canada Growth Fund

Other known investors1 additional known investor

  • Creative Destruction Lab
Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
8 countries with
team presence
🇨🇦 Canada87.1%
🇺🇸 United States4.3%
🇵🇱 Poland1.4%
🇳🇱 Netherlands1.4%
🇳🇴 Norway1.4%
Top 5 of 8 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Eavor Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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