WATERLOO, Ontario-Sirific Wireless Corp. said it has completed an equity financing round that has garnered the company $11.5 million that it will invest in continued development of its RFIC products and in expanding its global sales and marketing efforts.
Financing came from existing investors Celtic House Venture Partners, Solowave Investments, Waterloo Ventures Inc. and Working Ventures, and two new investors, BDC Venture Capital and Tech Capital Partners Inc.
“In today’s challenging financial environment, especially in the high-tech startup sector, this investment is strong validation of Sirific’s market opportunity,” said Michael Hogan, president and chief executive officer of Sirific.
