The company was in the midst of negotiating a new round of financing and awaiting a cheque from the federal government's Scientific Research and Experimental Development program — both of which eventually came through. (canadianbusiness.com)
In 2011 a new round of financing brought the total raised up to $ 50 million. (canadianbusiness.com)
All startups are likely to start tripping when it comes to taking on new rounds of financing, because investors are likely to demand lower valuations, Nordlicht says. (inc.com)