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Evercloak

Energy · Kitchener, Canada · Founded 2018

Evercloak is a cleantech startup that specializes in manufacturing ultra-thin graphene and other 2D nanomaterial films MoreLess

Evercloak Inc. is an advanced materials company, spun out from the University of Waterloo in 2018, that is positioned to address the significant energy consumption of conventional cooling systems. The firm was co-founded by Evelyn Allen, the CEO, and Dr. Michael Pope, who serves as the Scientific Advisor. Allen possesses over 15 years of experience in the cleantech sector, spanning engineering and business development, which has been instrumental in navigating the innovation and funding landscape. Her motivation to create a greater environmental impact led her to license the core technology from the University of Waterloo, a technology originally developed by Dr. Pope, an expert in 2D nanomaterials.

The company's core business revolves around a proprietary manufacturing platform for producing large-area, continuous nanofilms from materials like graphene and carbon nanotubes. This roll-to-roll coating process is designed for low energy consumption and minimal waste, enabling the cost-effective production of these advanced materials, which was previously a significant commercial barrier. The business model is centered on developing and supplying these specialized membranes to partners, initially targeting the industrial and commercial HVAC sectors. Evercloak is actively collaborating with HVAC manufacturers to integrate its technology into their systems, aiming for rapid global deployment.

Evercloak's primary product is an ultra-thin, graphene-based membrane designed for dehumidification. Traditional air conditioning systems expend a large amount of energy to cool air to the point of condensation to remove water vapor. Evercloak's membrane offers a more efficient two-stage process: it first selectively separates water molecules from the air with very little energy, and then the remaining dry air is cooled. This approach has the potential to reduce the energy required for air conditioning by over 50%. The company has successfully completed field trials of demonstration units and is preparing to bring the solution to market. While the initial focus is on dehumidification for commercial, industrial, and residential buildings, the underlying technology has a broad range of potential applications, including water purification, energy storage, and smart packaging.

Keywords: cleantech, advanced materials, graphene membranes, dehumidification, energy efficiency, HVAC systems, sustainable cooling, nanotechnology, nanofilms, water vapor separation, roll-to-roll manufacturing, building technology, carbon nanotubes, industrial dehumidification, energy reduction, sustainable chemistry, green technology, climate tech, air conditioning efficiency, graphene oxide

Company overview

Evercloak company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2018
Headquarters
Kitchener, Canada
Employees
16
Open positions
None listed
Dealroom signal
68.1
client focusb2btechnologyDeep TechtechnologyNanotechsub industryEnergy Efficiencybusiness modelManufacturingsectorSpinoutsectorNanomaterialssectorSustainable Development GoalssectorUrban TechsectorClimate TechsectorBuilding Energy EfficiencysectorGreen BuildingssectorBuilding Energy RetrofitsectorEfficient Air Cooling and Heating

Valuation & funding

Evercloak funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Nov 2024 $250K Wells Fargo Innovation Incubator
DEBTDebt Jul 2024 $0 NYSERDA
GRANTOther financing Jul 2024 $1.1M Natural Resources Canada
SEEDEquity / VC Feb 2024 $1.5M $5.9M Groundbreak Ventures · Greensoil PropTech Ventures · Bioindustrial Innovation Canada
SEEDEquity / VC Dec 2018 $0 Undisclosed
SPINOUTOther financing Jan 2018 University of Waterloo
Showing 6 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 16
2025 14
2024 18
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Evercloak website traffic

Latest recorded traffic for Evercloak is 1.3K monthly website visits, up 97% over the last three months. Evercloak's team grew 14.3% over the past year.

Latest monthly visits1.3K 3-month web change+97% 1-year team growth+14.3%
Monthly website visits75 observations · Jun 2018–Jul 2026
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Comparisons

Evercloak compared with similar companies

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Showing 8 of the closest matchesCompare every metric →

Talent graph

Evercloak's talent

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Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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.

Investors

10 investors on Evercloak's cap table

Sourced from Dealroom's funding and investor records.

Seed 5 investors entered at this stage
Bioindustrial Innovation Canada
Groundbreak Ventures
Greensoil PropTech Ventures
Natural Resources Canada
Wells Fargo Innovation Incubator
Series B+ 1 investor entered at this stage
NYSERDA
Other known 4 additional known investors
University of Waterloo
Creative Destruction Lab
For ClimateTech
Velocity

Global footprint

Where Evercloak has talent and traffic

Workforce by country
2 countries with
team presence
🇨🇦 Canada93.3%
🇺🇸 United States6.7%
2 countries shown

In the news

Latest news about Evercloak

Recent press, funding announcements, and product moves mentioning Evercloak — open to read from the original sources.

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Market sentiment

What the market is saying about Evercloak

An AI-synthesized read of the highest-engagement posts about Evercloak on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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