Congratulations to our alumnus Nix Sensor who has received an investment of $2 million in non-dilutive financing from the Business Development Bank of Canada (BDC). Nix Sensor has shown tremendous success and growth with their world class colour measurement tools and is looking to use this investment to expand their global sales efforts and accelerate their product development. Founder of Nix Sensor, Matt Sheridan, said the investment has come at an ideal time as they are near the launch of a new, radically innovative platform.
“Our team has realized a gap in the paint industry and are on the cusp of launching a new platform that will not only fill it, but radically change the way consumers move through the paint-purchasing process,” said founder Matt Sheridan.
Mark Lunick, director, growth & transition capital for Southwestern Ontario at BDC Capital commented “At the head of Nix Sensor, Matt Sheridan has demonstrated entrepreneurial creativity, fortitude and vision beyond his years and experience in first creating and then marketing his innovative solution.”
Contents of this article originally appeared on BDC Capital ‘In The News’ on November 12, 2019. Read the original post here.