VC-backed Metamaterial Technologies wins $5.4 mln from SDTC
Sustainable Development Technology Canada (SDTC) has invested about $5.4 million in Metamaterial Technologies Inc (MTI), a Halifax-based smart materials and photonics company. Dr. George Palikaras, founder and CEO of MTI, said the funds raised will help advance the company's development and commercialization of a light-weight and high-efficiency silicon-based solar cell technology suitable for the transportation industry. The SDTC investment follows the close of MTI's $8.3 million Series A financing earlier this year. The round was led by Radar Capital and joined by Innovacorp and other investors.
12 October 2017•4 mins read
