Microbridge raises $5.5 million

Feb. 16, 2005 — Microbridge Technologies Corp., a privately held company based in Montreal, announced the closing of its Series B equity financing, raising a total of $5.5 million.

The financing round was led by Zon Capital Partners of Princeton, New Jersey and includes investments by the Business Development Bank of Canada (BDC) Venture Capital, and Schneider Electric Ventures (SEV) of France, along with the existing seed investors, the Solidarity Fund QFL and Innovatech Montréal. This brings the total investment in Microbridge to date to $7.5 million.

The funds will be used for sales and marketing ramp up, product production ramp up and the next stage of technology development. The company is developing a product called the Rejustor, a microresistor device that adjusts the electrical current flow of components in a circuit.

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