Pangaea Ventures leads $5.5 mln round for Redlen Technologies
Redlen Technologies Inc has secured $5.5 million in new financing. Canadian venture capital firm Pangaea Ventures led the round with participation from other investors, including In-Q-Tel. In conjunction with the funding, Chris Erickson, founder of and general partner at Pangaea Ventures, was added to Redlen's board of directors. Based in Saanichton, British Columbia, Redlen Technologies is a maker of high-resolution CZT semiconductor radiation detectors. Update: It will use the proceeds of the investment to further expand the company's product line and volume production capabilities. Redlen has been venture-backed since 2004.
6 March 2014•3 mins read
