LeddarTech ropes in $7 mln from BDC Capital, GO Capital

LeddarTech Inc has raised $7 million in financing. Canadian venture capital investors BDC Capital and GO Capital LP led the round. Based in Québec City, LeddarTech provides advanced detection and ranging systems based on sensing technology. Update: The company said it will use the new funds to accelerate its sales and marketing efforts and to support the ramp up of its manufacturing and service operations. LeddarTech has raised $16 million in total funding since it was founded in 2007. It has also been backed by iSource, Accès Capital and Desjardins-Innovatech.

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