About Entropy Inc
Entropy Inc is an Environment company based in Calgary (Canada) founded in 2021. Carbon capture and storage solutions are provided for industrial emissions. It operates in the Environment and Transportation, Automotive & Logistics sectors. Entropy Inc has raised $389.97 million across 2 funding rounds from investors including Brookfield Asset Management and Canada Growth Fund. Its chief executive, as recorded, is Mike Belenkie. Entropy Inc offers products and services including iCCS Recipâ„¢, iCCS Thermalâ„¢, and iCCS Turbineâ„¢. Its focus areas include Air Management Services, Environment Tech, Air Pollution Management Tech and Carbon Management. Its legal entity is ENTROPY INC.
Company details
Entropy was founded in 2021 and is based in Calgary, Canada. Carbon capture and storage services are delivered across the environmental technology sector. Project development, emissions capture from sources such as reciprocating engines, boilers, and gas turbines, along with transport and underground sequestration, are managed. Advisory support, installation of proprietary technologies, and regulatory compliance are handled for various industries. Operations focus on reliable carbon removal processes.
- Headquarters Calgary, Canada
- SectorsEnvironmentTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website entropyinc.com
- Social LinkedIn
- Legal Name Entropy Inc.
- Total Equity Funding$389.97M (USD)
in 2 rounds
- Latest Funding Round$149.59M (USD), Series D
Dec 2023
- InvestorsBrookfield Asset Management
& 1 more
Products & Services of Entropy Inc
Entropy Inc offers a comprehensive portfolio of products and services, including iCCS Recip™, iCCS Thermal™, and iCCS Turbine™.
Captures carbon from reciprocating engines in gas compression.
Captures carbon from boilers and steam generation systems.
Captures carbon from gas turbines used in power generation.
Funding Insights of Entropy Inc
Entropy Inc has successfully raised a total of $389.97M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $149.59 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $389.97M
- Total Rounds 2
- Last Round Series D — $149.59M
- First Round $240.38M
(Mar 2022)
- Investors Count 2
All 2 funding rounds of Entropy Inc with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $149.59M | Series D | – | – | |
| Mar 2022 | $240.38M | Series D | – | – |
2 investors in total: 2 institutional.
Investors in Entropy Inc
Entropy Inc has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Canada Growth Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A fund focused on catalyzing private investments in Canadian projects. | cgf-fcc.ca | Montreal, Canada | ||
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada |
Investor details for Entropy Inc
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Entropy Inc
8 people are tracked at Entropy Inc (5 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Mike Belenkie | CEO | Leadership |
Erik Petursson | Vp, Policy And Carbon Markets | Leadership |
Christopher P. Hooper | Chief Financial Officer | Leadership |
Sanjay Bishnoi | Chief Executive Officer | Leadership |
Jason Chadwick | Chief Commercial Officer (cco) | Leadership |
Danielle Larsen | Manager, Development Engineering | Team |
Kade Lappin | Development Engineer, EIT | Team |
Matt Ng | Manager, Subsurface | Team |
Complete people profiles for Entropy Inc
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Entropy Inc
3 dated milestones of Entropy Inc across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Entropy Inc is founded.
- Funding First funding round of $240.4M.
- Funding Latest funding round, Series D, of $149.6M.
Web traffic of Entropy Inc
The website of Entropy Inc (entropyinc.com) receives about 6.2K visits a month.
- Monthly visits6.2K
▲ 70.6% vs previous month
Websites whose visitors overlap most with Entropy Inc. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
carbonexpocanada.com | carbonexpocanada.com | 100% | #4,743,506 | – |
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Related news about Entropy Inc
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Frequently Asked Questions about Entropy Inc
Entropy Inc was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Entropy Inc is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Mike Belenkie is the CEO of Entropy Inc, as recorded in our data.
Entropy Inc is a funded company, having raised a total of $389.97M across 2 funding rounds to date. The company's 1st funding round was a Series D of $240.38M, raised on Mar 2022.
Entropy was founded in 2021 and is based in Calgary, Canada. Carbon capture and storage services are delivered across the environmental technology sector. Project development, emissions capture from sources such as reciprocating engines, boilers, and gas turbines, along with transport and underground sequestration, are managed. Advisory support, installation of proprietary technologies, and regulatory compliance are handled for various industries. Operations focus on reliable carbon removal processes.
Entropy Inc offers iCCS Recipâ„¢, iCCS Thermalâ„¢, and iCCS Turbineâ„¢.
Entropy Inc has 2 investors. Key investors include Brookfield Asset Management, and Canada Growth Fund.
Entropy Inc operates through Entropy Inc..