Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Redlen Technologies closes C$7.9 million in equity financing

Reading Time 1 minute read Subscribe

Redlen Technologies Inc.

On February 9, 2010, Redlen Technologies Inc. (Redlen) closed a CDN $7.9 million preferred equity financing round led by BC Advantage Funds with participation by other major venture capital investors. Redlen also completed the concurrent retirement of certain debt obligations. Redlen is a leading manufacturer of high resolution Cadmium Zinc Telluride semiconductor radiation detectors-technology used in detection and imaging equipment including CT scanning and baggage scanning. Fasken Martineau represented Redlen Technologies Inc. with a team that included Shahrooz Nabavi, Keith Spencer and Ally Bharmal (Corporate/Commercial and Private Equity & Venture Capital).


    Receive email updates from our team