Smart Skin Raises $3.9M in VC Funds
Fredericton-based Smart Skin Technologies has landed $3.9 million in venture capital and angel funding to ramp up sales and development of its pressure-sensitive product that improves the manufacturing process of beverage makers.
The company said in a press release today that it received backing from new institutional investors Rho Canada Ventures, Build Ventures and GrowthWorks Atlantic Venture Fund. The round also includes a second investment by the New Brunswick Innovation Foundation and contributions from several angel investors.
Started by CEO Kumaran Thillainadarajah in 2008,