Redlen Technologies nets additional $2 mln in VC funding
Redlen Technologies Inc recently raised an additional $2 million in funding. BC Advantage Funds (VCC) made a $1.5 million preferred share investment in the company, with a further $500,000 coming from Redlen shareholders and directors. Headquartered in Saanichton, British Columbia, Redlen is a maker of high-resolution cadmium zinc telluride (CZT) semiconductor materials, radiation detectors and modules for the medical and security imaging industries. In March, the company secured $5.5 million in a round led by Canadian venture capital firm Pangaea Ventures.
1 December 2014•2 mins read
