LeddarTech completes US$7 million equity financing

LeddarTech Inc., owner of the Leddar® no-contact detection and ranging technology, completed a $7 million equity financing that was conducted by BDC Capital, GO Capital, I-Source 3, Accès Capital Québec and Desjardins-Innovatech. LeddarTech is the world’s only supplier of advanced detection and ranging systems that use pulses from infrared LEDs. This financing will allow it to pick up the pace of its sales and marketing efforts, and to support its production and service activities. Fasken Martineau counselled LeddarTech Inc. in the course of this transaction, with a team led by Marie Carole Tétreault that included Charles-Antoine Dorion and Laurence Déry.