Telescope Innovations

Launch date

2019

Employees

Market cap

Enterprise valuation

CAD24m (Public information from Sep 2024)

Vancouver British Columbia (HQ)

http://telescopeinnovations.com

https://twitter.com/telescopeinn https://www.linkedin.com/company/telescope-innovations

Revenues, earnings & profits over time

CAD	2020	2021	2022	2023
Revenues	-	-	<1m	2.8m
% growth	-	-	-	374 %
EBITDA	(<1m)	(4.0m)	(5.5m)	(<1m)
% EBITDA margin	-	-	(922 %)	(15 %)
Profit	(<1m)	(4.0m)	(5.7m)	(<1m)
% profit margin	-	-	(965 %)	(25 %)
R&D budget	<1m	<1m	<1m	-
R&D % of revenue	-	-	10 %	-

Date	Investors	Amount	Round
Jan 2019	The University of British Columbia	N/A	Spinout
Nov 2022*	New Age Ventures	CAD1.5m	Post IPO Equity
Jul 2023*	Mining Innovation Commercialization Accelerator	$292k	Grant
Jul 2024*	B.C. Centre for Innovation and Clean Energy	CAD400k	Grant
Total Funding		CAD799k