Reflex Photonics secures $5.5M growth capital

Reflex Photonics Inc., a leading supplier of high-speed optical connectivity solutions for electronic cards or chips, has raised $5.5 million in new growth capital led by Fonds de solidarité FTQ Investissements technologiques ($3 million) with participation of Gestion AD Inc. ($500,000) and other investors.

Reflex Photonics also received $500,000 refundable contribution from Canada Economic Development (CED).

The new investment will allow to consolidate 24 jobs and create 14 more.

“The Fonds de solidarité FTQ is proud to have accompanied Reflex Photonics during various stages of its development. Reflex is an ambitious and innovative company that has made its mark in a rapidly changing industry, positioning itself as a quality player by offering unbeatable products and services for large projects and large multinational clients, with nearly all of its sales are on international markets,” said Alain Denis, SVP of Innovation, Fonds de solidarité FTQ.

“The recent investments and the support from our financial partners like the Fonds de solidarité FTQ have helped make Reflex a key actor in our sector, recognized by internationally leading companies. The quality and the commitment of all our employees have allowed Reflex to make its mark in the highly demanding aeronautic and aerospace sectors. Only innovation will allow us to maintain and strengthen our position earned through hard work of our employees,” added Noël Dubé, President & CEO of Reflex Photonics.

Reflex Photonics’ major investors also include MSBi Valorisation.

photo credit: Reflex Photonics

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.