SWITCH Materials closes $7.5M in Series B

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.

Subscribe to our newsletter

We'll send you daily tech news and updates from Techvibes