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Loon Secures CAD$3M Pre-Seed Funding to Build Canadian Stablecoin
SeedCryptoVenture Capital

Loon Secures CAD$3M Pre-Seed Funding to Build Canadian Stablecoin

•October 30, 2025
•Oct 30, 2025
0

Participants

Version One Ventures

Version One Ventures

investor

Garage Capital

Garage Capital

investor

Canada Angel Investment Network

Canada Angel Investment Network

investor

Why It Matters

The financing underscores rising investor confidence in regulated stablecoins in Canada, positioning Loon as an early entrant in a nascent domestic digital currency market and potentially reshaping fintech payments and settlement infrastructure.

Deal Summary

Calgary‑based Loon announced a CAD$3 million pre‑seed financing round led by Version One Ventures, with participation from Garage Capital and a syndicate of strategic Canadian angel investors. The capital will be used to develop a Canadian‑dollar‑backed stablecoin that complies with domestic regulations.

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