FinTechFunding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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