Strato Automation secures mezz financing from BDC Capital
Strato Automation, a Montréal-based maker of smart building control products, has raised mezzanine financing of $1 million from BDC Capital. BDC invested through its Growth and Transition Capital group. Founded in 2010 and led by President and CEO Pierre Samson, Strato designs devices allowing automated and centralized control of all heating, ventilation and air conditioning systems of buildings. In 2017, the company was acquired by a group of shareholders. The funds raised from BDC completes a second financing to accelerate the group's plan to further develop Strato's products and distribute them on a larger scale.
29 April 2019•3 mins read
