Eigen Innovations has secured $3.17 million in its latest Series A funding round to accelerate growth in the automotive sector.
Information on the Target
Eigen Innovations, a technology firm headquartered in Fredericton, New Brunswick, has successfully closed a financing round of $3.17 million, contributing to a total Series A funding of $6.75 million. The company focuses on providing advanced technological solutions within the automotive sector, aiming to enhance operational efficiency for its clients.
Since its inception in 2014, Eigen has experienced significant growth, expanding its workforce from just two employees to over thirty. This funding will enable the company to bolster its current trajectory and enhance its service offerings, catering to an ever-growing client base that includes several leading automotive brands.
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Industry Overview in Canada
The automotive industry in Canada plays a pivotal role in the nation’s economy, encompassing vehicle manufacturing, parts production, and related research and d
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Eigen Innovations
invested in
Eigen Innovations
in 2023
in a Series A deal
Disclosed details
Transaction Size: $7M
Equity Value: $7M