DevvStream has announced a financing and corporate actions in advance of a planned merger. The company raised $6 million via a private placement of Series A Non-Redeemable Convertible Preferred Stock from EEME Energy SPV I, LLC, with $1.5 million funded and the balance to be closed in one or more future tranches. Concurrently, DevvStream terminated a previously established $300 million equity line agreement. The disclosed financing is equity in the form of convertible preferred shares; no revenue, user metrics, or valuation were provided in the announcement. The company has not disclosed specific uses of the proceeds beyond its linkage to merger preparations.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2026