E2ip Technologies Secures $120M in Series B Funding
Québec display tech company, E2ip Technologies, has secured $120 million in a Series B financing round led by Export Development Canada and McRock Capital. It also saw participation from new investor Fonds de Continuité DNA, as well as existing investor Investissement Québec.
E2ip had their start as specialists in screen printing. Over the past 30 years, the company has grown into new market segments. This journey has led the company to focus their expertise on 5 core products: Smart Molded Parts (In-Mold Electronics), Electromechanical Assemblies, Membrane Switches, 5G Smart Surface and Smart Screens (Embedded Systems).
This latest funding will support the company’s expansion of its national and international facilities. This includes the consolidation of its manufacturing facility with its research and development facility in Montréal by the end of 2024, which will become E2ip’s new head office. E2ip said it will also deploy new production lines in its Canadian facilities for its smart moulded parts, which transform bulky, traditional electronics and control panels into smart, curved surfaces.
E2ip’s technology reduces the eco-footprint and cost for its customers’ products as it reuses materials rather than adding components, labour, and cost to the exterior of the structure in the final assembly. This approach requires a constant commitment to R&D and innovation as the company works to remain at the forefront of the industry.
Who We Are:
Swanson Reed is one of Canada’s largest Specialist SR&ED tax advisory firms. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes.
If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.