EXACT Technology Corporation, a Toronto, Canada-based company offering digital solutions for the concrete industry, received an investment from Lafarge Canada.
A group of leaders in business, technology, real estate and entrepreneurship have also joined the investment round, including Jeffrey Kimel (President, Harlo Capital) and Michael Katchen (Co-founder and CEO, Wealthsimple).
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
EXACT Technology is a technology company that develops digital solutions for the concrete industry. It empowers concrete constructors with its monitor, match, cure and track products across precast, infrastructure mass concrete, high-rise and ready-mix applications. Since 2017 inception, the company has served leading concrete constructors.
Commenting on the news, Stacia Van Zetten, EXACT co-founder and CSO, said: “This is the ideal strategic relationship to help us achieve that: Lafarge’s deep industry insights will strengthen EXACT’s product development and refinement. At the same time, Lafarge’s global reach will help get EXACT’s solutions into more hands, pushing the sector forward.”
FinSMEs
24/11/2023