Metamaterial Technologies Inc. has closed a $3.1 million round of funding, which will help the Dartmouth company with its ambitious plans to establish a metamaterials R&D and pilot production facility in Nova Scotia.
The company – which has developed revolutionary materials that deflect, enhance or absorb light -- has raised $2 million from Innovacorp. It comprises a $1.5 million venture capital investment and a $500,000 non-dilutive contribution from the innovation agency’s cleantech fund.
The company has also raised $1.1 million from private investors, including an undisclosed contribution from the First Angel Network, the Halifax-based angel group. FAN arranged for Founder and CEO George Palikaras to also pitch to the…Continue Reading