Me-Ality inks $15 mln private placement co-led by Northwater Capital
Unique Solutions Design Ltd, a.k.a. Me-Ality, has secured $15 million in an equity private placement, exceeding its funding target. The deal was led by Canadian venture capital firm Northwater Capital Management and Skip Battle, chairman of Fair Isaac Corp. Me-Ality, a developer of body measurement technology for apparel manufacturers and other industries, said the investment's proceeds will provide working capital for its on-going operations, including the commercialization of its handheld body scanner. Headquartered in Dartmouth, Nova Scotia, the company also has offices in Santa Clara, California and Philadelphia. It was founded in 1994.
9 June 2015•4 mins read
