Eguana Technologies raises $3.8 mln in venture debt funding

Eguana Technologies Inc (TSX-V: EGT) has secured about $3.8 million (US$3 million) in debt financing from Western Technology Investment, a U.S. venture debt firm. Based in Calgary, Eguana designs and manufactures high performance power electronics for residential and commercial energy storage systems. It plans to use the funds raised for general working capital. Led by CEO Justin Holland, Eguana has also raised financing from Doughty Hanson Technology Ventures.

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