FORTAI secures $1 million investment from Sudbury Catalyst Fund and angel investors

06 August 2020

On August 6, 2020, The Sudbury Catalyst Fund, a $5 million seed capital co-investment fund based in the City of Greater Sudbury, announced the closing of its first investment of $250,000 in FORTAI, a Sudbury-based startup.

Together with investments from existing shareholders and matching funds from other angel investors, FORTAI raised approximately $1 million.

FORTAI is a technology company with a vision to transform how mines and heavy industry design, build and manage their operations. FORTAI will use the funds to continue development on ADMMIT, an autonomous mobile inventory platform.

Gowling WLG advised FORTAI with respect to this funding round with a team that included Lorraine Mastersmith and Shaela Rae, assisted by law clerk Erica Gallagher.

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