Montreal, QC, March 26, 2026. — ChillSkyn, a Canadian climate-tech company developing advanced passive cooling materials, today announced the closing of its Seed Acceleration financing round, with participation from Cycle Momentum and New York Angels.
The financing will support ChillSkyn’s next phase of commercial deployment, including expansion in Mexico and Brazil, where demand is growing for more energy-efficient temperature-controlled transportation and industrial assets. ChillSkyn’s flagship technology, PolyFrost, is a high-performance cooling coating that reduces thermal load on sun-exposed surfaces, helping improve efficiency while protecting temperature-sensitive goods.
The investment reflects growing cross-border collaboration between U.S. investors and Canadian climate-tech innovators.
“The New York Angels is pleased to provide continuing financial support and mentorship to ChillSkyn,” said Ed Levine, an investor in ChillSkyn and Board member of the New York Angels. “A key to success in investing at the seed level is diversification. We recognize the rich climate-tech ecosystem that is thriving in Canada and are happy to be part of the movement.”
Cycle Momentum, a leading Canadian climate-tech accelerator and investor, continues to support companies building globally scalable solutions to climate and energy challenges.
“Cycle Momentum is proud to support ChillSkyn’s talented team on their next phase of international expansion,” said Jennifer McDonald, Senior Vice-President of Investments at Cycle Momentum. “ChillSkyn is a Canadian climate tech company that is competing internationally, with innovative technology that delivers energy efficiency and cost savings to its customers.” With this funding round, Jennifer McDonald joins the board of ChillSkyn.
ChillSkyn is scaling through an export-first model, targeting markets where cooling efficiency delivers immediate economic value. This approach also highlights a gap in Canada’s innovation ecosystem. While strong support exists for research and development, fewer mechanisms are in place to support early-stage companies as they begin commercializing and scaling in international markets.
“Canada is exceptionally strong at advancing world-class innovation, but we need to match that with capital to scale globally,” said Patrick Racine, CEO of ChillSkyn. “We are grateful to partners like Cycle Momentum and New York Angels who are stepping in early to support that international growth. When Canadian companies win abroad, the value comes back home through jobs, expertise, and continued innovation.”
With this financing, ChillSkyn will expand its partner network and accelerate deployment across transportation and industrial applications in the Americas.
About ChillSkyn
ChillSkyn is a Montreal-based climate-tech company developing advanced materials that passively cool surfaces exposed to solar radiation. Its PolyFrost coating reduces thermal load on surfaces by reflecting the majority of incoming solar radiation while maintaining high thermal emittance, helping transportation fleets and industrial operators reduce energy use and better protect temperature-sensitive goods. ChillSkyn is commercializing its technology globally, with early deployments across North and Latin America.
To learn more: https://www.chillskyn.com/
About Cycle Momentum
Since 2015, Cycle Momentum has identified and supported the development of cutting-edge climate technologies. As a member of the Cycle Capital platform, the organization provides acceleration and open innovation programs to support start-up growth, financing, and commercialization, and invests through Origo, backed by the Government of Quebec. Cycle Momentum’s Origo investment matching program is made possible thanks to financial support from the Government of Quebec under the EcoPerformance program, which is part of the 2030 Green Economy Plan.
To learn more: https://cyclemomentum.com/
About New York Angels
New York Angels is the angel investment group that founders choose to accelerate their growth. NYA brings together the most experienced founders, operators, and investors to offer early-stage companies capital, counsel, and connections. To date, New York Angels Members have invested $180+ million in 350+ startups, resulting in 67 exits, building one of the most established angel track records. New York Angels pairs decades of experience and credibility with a founder-supporting investment process and deep ties to New York’s corporate, technology, and media ecosystems, helping founders gain not only funding, but access to customers, partners, and practical guidance that supports long-term growth.
To learn more: https://www.newyorkangels.com/
