Invixium raises $3 million in Series B financing

28 May 2020

On May 28, 2020, Invixium Inc., a biometric security products manufacturer that focuses on access control and workforce digitalization technology, closed a $3 million Series B financing.

The funding was raised from Export Development Canada (EDC), as well as existing investors McRock Capital, BDC Capital, and Connecticut Innovations. The company plans to use the capital to expand its sales and marketing efforts and explore growth opportunities, after reporting demand surged for touchless and elevated body temperature detection.

Founded in 2012, Invixium is based in Toronto. The company is a global provider of advanced touchless biometric solutions and software analytics for access control and workforce digitalization.

Derek Keay advised McRock Capital with respect to this financing.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Tech, Private Equity