Brightspark Ventures

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Forcen closes $8.35 Million to Develop its Touch-tech for Robots

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Forcen, Brightspark Ventures, BDC Capital

Toronto-based robotics sensing company Forcen has closed an $8.35 million CAD funding round as it looks to scale up its prototype production facilities.

The all-equity round closed in February and was co-led by Brightspark Ventures and BDC Capital’s Deep Tech Venture Fund with participation from Garage Capital, MaRS IAF, and returning investors including EmergingVC. Founder and CEO Robert Brooks told BetaKit that undisclosed existing venture capital and angel investors, as well as new angel investors, also participated in the round.

Forcen said it will use the investment to support more customers and continue developing its force sensing technology for robots. With this round, which Brooks classified as “pre-A,” the startup has raised $12.95 million CAD in equity funding to date.

Read more at BetaKit