Almost missed this financing announcement last week.
Burnaby's SWITCH Materials Inc., an advanced materials company developing energy saving SMART window solutions, raised $7.5 Million in Series B financing. The Business Development Bank of Canada (BDC Venture Capital) led the investment, with participation from existing investors GrowthWorks, Pangaea Ventures and Ventures West.
Proceeds will be used for continuing R&D and to complete product commercialization.
A timely raise as SWITCH was the recipient of the Best Early Stage Company award in the Cleantech & Advanced Technology category at the 2009 Canadian Financing Forum.
The 2010 Canadian Financing Forum is next week in Vancouver.
GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture... [more]
Ventures West is one of Canada's largest privately owned venture capital companies. In addition to providing capital, we contribute a wealth of... [more]
BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from start-up through... [more]
SWITCH Materials develops revolutionary new materials based on proprietary organic molecules that "switch" optical properties on command.... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
