What is META Materials?
Founded in 2011 and headquartered in Halifax, Nova Scotia, Canada, Metamaterial (META) operates at the intersection of applied physics and design to create advanced, multifunctional materials known as metamaterials. These engineered substances possess properties that surpass those found in nature, enabling innovative applications across various industries. META's core competency lies in its ability to manipulate light and other electromagnetic waves through precisely structured materials, paving the way for next-generation optical and electronic devices.
How much funding has META Materials raised?
META Materials has raised a total of $23.1M across 5 funding rounds:
Private Equity
$2M
Private Equity
$2.3M
Series A
$8.3M
Other Financing Round
$5M
Debt
$5.5M
Private Equity (2015): $2M with participation from Innovacorp
Private Equity (2016): $2.3M, investors not publicly disclosed
Series A (2017): $8.3M supported by Innovacorp and Radar Capital Inc
Other Financing Round (2020): $5M featuring BDC Capital
Debt (2020): $5.5M backed by Tom Welch
Key Investors in META Materials
BDC Capital
BDC Capital, the Massachusetts Business Development Corp., is known for providing supplemental financing and financial services to growing companies, often focusing on equity investments and loans to foster expansion.
Innovacorp
Innovacorp is a venture capital firm that supports early-stage technology companies in Nova Scotia, Canada, providing crucial seed funding and strategic guidance to help them scale.
Radar Capital Inc
Radar Capital Inc. is a private capital firm specializing in late-stage, private, non-control investments in Canadian pre-IPO companies, aiming to partner with management teams for successful liquidity events.
What's next for META Materials?
The recent major strategic investment signals a pivotal phase for META Materials, likely aimed at accelerating product development, expanding manufacturing capabilities, and penetrating new markets. This infusion of capital, coupled with the company's established expertise in metamaterials, positions META for significant advancements in areas such as advanced optics, energy efficiency, and potentially defense applications. The company's focus on developing proprietary material technologies suggests a strategy centered on innovation and market leadership in the burgeoning field of engineered materials.
See full META Materials company page
