North Vector Dynamics raises $29M in Series A led by Tech Horizons to expand counterdrone missile manufacturing.
Amount Raised
C$29 Million
Round Type
Series A
CalgaryManufacturingInvestors
Description
Canadian missile-maker North Vector Dynamics has closed a $29-million Series A funding round led by European venture capital fund Tech Horizons. The company plans to use the capital to expand manufacturing and assembly of its low-cost interceptor missile in Canada and open new offices in the U.S. and Europe. North Vector's flagship product, the CM-70, is a precision-guided missile designed to intercept and destroy drones, with growing demand from Canada and allied nations witnessing effectiveness in Ukraine and Iran conflicts
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Funding Insights
What this usually meansNorth Vector Dynamics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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