Nanoprecise Closes US$38M Series C - PR Newswire APAC
Summary
On the heels of triple-digit growth in 2024, Nanoprecise is moving boldly to scale its world leading Energy-Centered Maintenance (ECM) approach and enhance its AI-driven diagnostics that deliver actionable explanations, rather than just alert notifications.The oversubscribed equity financing led by Yaletown Partners and co-led by BDCs Industrial Innovation Venture Fund , with participation from Export Development Canada (EDC), BMO Capital Partners, alongside a Credit facility from CIBC Innovation Banking, provides Nanoprecise the resources to rapidly expand its market presence and accelerate its strategic initiatives. BDC Capital is proud to co-lead this investment in a company that perfectly aligns with our mission to support the next generation of global Canadian technology leaders," said Erin Sheets, Partner at BDCs Industrial Innovation Venture Fund. For more information, please visit nanoprecise.ioYaletown Partners is a leading Canadian venture capital fund manager that invests in the technologies digitally transforming traditional industries by prioritizing climate-resilient growth. Backed by leading institutional investors, including pension funds, and a network of successful technology entrepreneurs, Yaletown has offices in Vancouver, Calgary, Edmonton, Toronto, Montr\xe9al, and San Francisco. For more information, please visit https://www.yaletown.com/.About BDC: 80 years as Canadas bank for entrepreneursBDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time.