Amount$35M
Post-money valuation$1.6B
SeriesVenture Debt
AnnouncedJul 12, 2022
SectorAdvanced Manufacturing and Materials
RegionCanada
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Venture Debt round.
Syndicate size
2 investors on the cap table.
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. Venture Debt rounds (19)
Round size distribution74th pct
smaller Venture Debt roundslarger
