Companies / Beacon
Beacon
Beacon is an enterprise SaaS AI company based in Toronto, Ontario. It had raised US$525M as of November 2026, most recently a US$50M bridge round in November 2026 led by CPP Investments.
AI rollup, ~1 acquisition/week.
beaconholdings.com- Founded
- 2024
- Category
- Enterprise SaaS AI
- Status
- Active
- Disclosed raised
- US$525M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Bridge/Extension | Nov 5, 2026 | US$50M | CPP Investments (lead). CPP Investments (Growth Equity) invested US$50M, upsizing the Series C to US$425M at a US$1.75B valuation. CPP Investments is the only investor named for the US$200M added since the US$225M close announced Jun 9; the other US$150M has no named investor |
| Series C | Jan 2026 | US$225M | General Catalyst and HarbourVest Partners (co-leads); Lightspeed Venture Partners, Intrepid Growth Partners, Valiant Peregrine, BDT & MSD Partners (affiliated funds), Journey LP, Sator Grove. ~US$1.4B+ valuation (Globe/Silcoff); closed Jan, announced Jun 9; total >US$550M |
| Series B | Nov 4, 2025 | US$250M | General Catalyst and Lightspeed Venture Partners and D1 Capital Partners (co-leads). Co-led by General Catalyst, Lightspeed Venture Partners and D1 Capital; total raised US$335M; US$1B valuation; separate C$28M Scotiabank debt facility. |
Founders
- Nilam Ganenthiran, Co-founder/CEO.
- Divya Gupta, Co-founder.
Also backed by
Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.
In the newsletter
- CanadianAI: Anthropic signs on for a $10B data centre in Cape Breton, and Tenstorrent raises US$1.5BOct 20, 2026
- CanadianAI: $300M for Bengio’s LawZero and Canada’s largest venture fund everSep 22, 2026
- CanadianAI: $50B AI data centre in Saskatchewan and five AI startups raiseSep 15, 2026
- CanadianAI: The State of Canadian AI, H1 2026Jul 28, 2026
- CanadianAI: Two unicorns in a week, and Ottawa finally starts writing the rulesJun 16, 2026
Sources
- theglobeandmail.com: Beacon bridge/extension announcement
- betakit.com: Beacon bridge/extension announcement
- Covered in Canadian AI Newsletter, Issue 34
- businesswire.com: Beacon series c announcement
- Covered in Canadian AI Newsletter, Issue 18
- betakit.com: Beacon series b announcement
- thelogic.co: Beacon series b announcement
Data as of November 10, 2026.