Amount$45M
Post-money valuation$1.2B
SeriesFunding Round
AnnouncedSep 1, 2021
SectorAdvanced Manufacturing and Materials
RegionCanada
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Funding Round round (3.0×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Funding Round rounds (421)
Round size distribution62th pct
smaller Funding Round roundslarger
Post-money valuation22th pct
$4Mthis round: $1.2B$25B
