As part of an exciting year for Montreal-based smart shirt maker Hexoskin — which already partnered with Best Buy earlier this year — the company has announced a second round of financing at $1.3 million.
The round was led by angel investors from Anges Québec and the Anges Québec Capital fund, and Hexoskin said that the funding will allow it to continue investing in global growth. The company, which develops shirts measuring cardiorespiratory activity, physical activity, and sleep, also has an office in San Francisco and distributes in five continents.
“This new investment is a vote of confidence in our business, our technology, and our strategy for expansion into the medical field,” said Pierre-Alexandre Fournier, president and co-founder of Hexoskin. “This round of financing strengthens our position as a leader in the global digital health industry for smart clothing and mobile applications.”
Hexoskin will also use the funding to speed up the medical certification of its biometric clothing technology, which is ideal for myriad uses as it boasts clients like NASA, the Canadian Space Agency, and military organizations.