FREDsense Technologies: Raises $2.5M in Funding

FREDsense Technologies Raises $2.5M in Funding

• FREDsense Technologies Corp., a Calgary, Alberta-based company building water quality measurement tools, closed a Convertible Debenture valued at $2.5m
• BDC Capital’s Cleantech Practice provided the funding
• The company intends to use the funds to grow their current and future sensor expansion plans, developing new solutions for various water quality parameters
• The platform has developed a biologically based technology for rapidly measuring hard to detect chemicals in the environment
• The company builds portable field kits for rapid measurement of these parameters to deliver chemical information quickly