Reported 4 months ago
Vosker Corp., a Canadian surveillance camera manufacturer, raised $125 million in senior debt financing led by Royal Bank of Canada to support global growth strategies. The company's financing round exceeded its target of $110 million, with other backers including Bank of Nova Scotia, National Bank of Canada, Export Development Canada, and Federation des Caisses Desjardins du Quebec. Vosker, known for its cellular-connected cameras powered by solar energy, plans to use the funds for expansion in the US and Europe, with potential future acquisitions. Co-founded by twin brothers and an executive chairman, the company has seen significant profit growth in recent years, reaching approximately $150 million in revenue.
Source: YAHOO