Atlantic Canadian startups are on track to raise more than $800 million in equity capital this year, buoyed by eight- and nine-figure deals from a new breed of super-elite companies.
When Dartmouth-based advanced-materials-maker Metamaterial started trading on the Nasdaq Monday thanks to a reverse acquisition, it raised $160 million and became Atlantic Canada’s first publicly traded unicorn.
The deal highlighted the increasing scale of Atlantic funding deals and pushed equity funding for the first half over the $400 million mark. More specifically, Entrevestor calculated the region’s