09:22:18 EDT Tue 30 Jun 2026
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Royal Bank of Canada
Symbol RY
Shares Issued 1,389,738,870
Close 2026-06-29 C$ 290.88
Market Cap C$ 404,247,242,506
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Globe says RBC-backed Dominion adds to funding round

2026-06-30 07:44 ET - In the News

The Globe and Mail reports in its Tuesday edition that in the past year, Eliot Pence has turned Dominion Dynamics into one of the country's most high-profile emerging defence technology companies. The Globe's Pippa Norman writes that the chief executive officer has trialled products in the North with the Canadian Rangers, attracted attention from a suite of prominent investors, sat down with Prime Minister Mark Carney and now sits on Mr. Carney's advisory council on Canada-U.S. trade. But the one thing that's remained elusive to Mr. Pence and his company is a contract with the federal government. He's hoping Dominion's latest funding round -- which he touts as the largest Series A early-stage venture capital financing ever by a Canadian defence start-up -- will change this. "The funding and contracting pathways for anything under $100-million remain complete mysteries to most people," Mr. Pence said, adding that most Canadian defence companies typically vie for contracts in that value range. On Tuesday, the company announced it has raised $139-million in Series A funding led by Toronto's Georgian Partners, bringing it to a total of $169-million raised since launching in June, 2025. Royal Bank is an early investor.

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