Schott leads $3.1 mln funding of Smart Skin Technologies

Smart Skin Technologies, a Fredericton-based developer of a pressure-sensitive skin technology, has raised $3.1 million in financing. The lead investor was Schott AG, a German maker of glass and glass-ceramics. It was joined by New Brunswick Innovation Foundation (NBIF), an existing investor. Founded in 2011, Smart Skin's pressure-sensing container devices and analytics are used by brands in beverage, food production and pharmaceutical industries. CEO Evan Justason said the funds raised will support platform development and market growth. In 2014, Smart Skin closed a $3.9 million Series A backed by Build Ventures, East Valley Ventures, GrowthWorks Atlantic Venture Fund, NBIF and Rho Canada Ventures.

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