Adaptiiv Medical Technologies, the Halifax company that uses 3D printing to improve radiation treatment for cancer patients, has closed a round of $3.4 million, more than twice its target.
The company issued a press release Wednesday saying it had initially set out to raise $1.5 million but the round was over-subscribed due to strong interest from investors.
Founded in 2016, Adaptiiv has now raised a total of $7 million, and has added to this by attracting grants and loans from government agencies. The company plans to use the funds from the most recent round to grow its market share by