SDTC puts $5.5 mln to work in venture-backed Ranovus
Sustainable Development Technology Canada (SDTC) has made a $5.5 million investment in Ranovus Inc, an Ottawa-based developer of advanced interconnect solutions for the telecommunications and information technology industries. Founded in 2012, Ranovus is led by President and CEO Hamid Arabzadeh. It is backed by Azure Capital Partners, BDC Capital, Export Development Canada, MaRS IAF, OMERS Ventures and T-Venture. SDTC, which funds early-stage clean technology projects, also invested $1.45 million in Heliene Inc and $903,000 in BioLINE Corp.
19 June 2017•3 mins read
