LeddarTech Raises $140 Million

Sensor technology company LeddarTech has secured $140 million in financing, which comprises a Series D first close of $116 million and debt facility of $24 million. The funds will accelerate development and commercialization of technology and will augment engineering resources to meet the needs of automotive customers actively engaged with the company for sensor fusion and perception sensing solutions.

LeddarTech’s offerings support applications in areas including autonomous mobility, automotive grade solid-state lidar, and environmental sensing.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams OSRAM, Desjardins Capital, UI Investissement, Cowen Investment II LLC, and other LeddarTech management. The debt facility was secured with Desjardins Group.