# LeddarTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leddartech

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Quebec City, Canada
- Website: www.leddartech.com
- Total disclosed funding: $116M
- Latest round: Series D (Feb 3, 2022)
- Investors on record: 11

## About

LeddarTech Inc. is a Canadian company focused on providing advanced sensing and perception solutions for automotive applications, particularly in Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD).Founded in 2007, LeddarTech Inc. is headquartered in Quebec City, Canada, and specializes in developing advanced sensing technologies for the automotive industry. The company has undergone strategic developments and partnerships to enhance its product offerings and market reach. LeddarTech has successfully raised USD 116.00 mn through various funding rounds, with the most recent deal being a Merger in June 2023, where it merged with Prospector Capital Corp. for USD 43.00 mn. The merger is anticipated to conclude in Q4 2023, positioning LeddarTech for a public listing on Nasdaq under the ticker ‘LDTC’. The company's leadership includes CEOs Charles Boulanger and Frantz Saintellemy.LeddarTech specializes in providing advanced sensing and perception solutions primarily designed for automotive applications, focusing on Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD). Its flagship product, LeddarVision™, offers a scalable and cost-effective software solution that merges raw sensor data to create precise 3D environmental models. This technology is crucial for Original Equipment Manufacturers (OEMs) and Tier 1-2 suppliers addressing challenges in sensing, data fusion, and perception. Additionally, LeddarTech provides LeddarSim™, a next-generation simulation platform that enhances the safety and efficiency of automotive systems. The company serves a diverse client base across global markets, including North America, Europe, and Asia, specifically in regions advancing towards higher levels of automation.LeddarTech's revenue model is based on partnerships and licensing agreements primarily with OEMs and Tier 1-2 suppliers in the automotive sector. Clients license LeddarTech's software solutions, such as LeddarVision™, for integration into their vehicle platforms, often involving advanced royalty payments based on usage within manufacturing processes. The pricing plans are tailored according to specific deployment needs, reflecting the customization of the solutions offered. Through these strategic partnerships, LeddarTech aims to establish continuous revenue streams while meeting the evolving safety and automation demands in the automotive industry.Following the Merger with Prospector Capital Corp. slated for completion in Q4 2023, LeddarTech plans to utilize the funding to commercialize its software solutions and expand its product offerings. The company is focused on increasing customer engagement and aims to explore new markets, particularly in regions experiencing rapid growth in automotive automation. The funding will support the development of upcoming products designed to enhance automotive systems and broaden LeddarTech's global presence.

## Funding rounds

- Series D, Feb 3, 2022, $116M — BDC Capital, Export Development Canada, Investment Quebec, Go Capital, Fidelity Investments, Desjardins Capital, Cowen Investment Management, Fonds de solidarité FTQ Investissements, OSRAM GmbH, FS Investors, UI Investissement

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series D
- Export Development Canada — Series D
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series D
- Go Capital — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Series D
- Cowen Investment Management — Series D
- Fonds de solidarité FTQ Investissements — Series D
- OSRAM GmbH — Series D
- FS Investors (https://capitalatlas.ai/funds/fs-investors) — Series D
- UI Investissement (https://capitalatlas.ai/funds/ui-investissement) — Series D