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 novel functionalities for diverse technological applications. META's innovative approach positions it as a key player in the development of next-generation materials.
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 Radar Capital Inc and Innovacorp
Other Financing Round (2020): $5M featuring BDC Capital
Debt (2020): $5.5M backed by Tom Welch
Key Investors in META Materials
Radar Capital Inc
Radar Capital Inc. is a private capital firm specializing in investments in Canadian pre-IPO companies, aiming to facilitate successful liquidity events for businesses with strong management and revenue growth.
Innovacorp
Innovacorp is a venture capital firm that supports early-stage technology companies, likely focusing on innovative solutions and market potential within its investment portfolio.
BDC Capital
BDC Capital, through its Massachusetts Business Development Corp., provides supplemental financing and financial services to growing companies, offering equity investments and loans to support expansion.
What's next for META Materials?
The substantial enterprise-level funding and recent strategic investment indicate a pivotal growth phase for META Materials. This capital infusion is likely to accelerate research and development, scale production capabilities, and expand market reach. The company's focus on developing materials with engineered properties suggests a strategic direction towards high-value sectors requiring advanced performance characteristics, potentially including aerospace, telecommunications, and advanced optics. META's trajectory points towards further innovation and commercialization of its unique metamaterial technologies.
See full META Materials company page
