On March 14, 2019, AEPONYX announced the completion of its $7.5 million Series A financing round, led by Pangaea Ventures that included current investors Fonds InnovExport and Ecofuel Fund, as well as private investors. The funding will enable AEPONYX to ramp up commercial production of its revolutionary planar micro optical switch chips to meet increasing market demands.
Pangaea Ventures is the world leader in advanced materials venture capital with an outstanding portfolio addressing multi-billion-dollar markets in energy, electronics, health, and sustainability.
AEPONYX, based out of Quebec, is a micro optical switch leader designing and marketing chips for fiber optic access to the cloud.
Osler, Hoskin & Harcourt LLP represented Pangaea Ventures with a team led by Justin Young (Emerging and High Growth Companies) that included Jaymie Maddox (Intellectual Property), Christopher Griffin (Corporate), Tara Folk (Articling Student) and Samuel Alary (Student-at-Law).