FS Investor led a $140m Series D funding round in LeddarTech.

FS Investor, a private investment entity with a long term, captive pool of capital, led a $140m Series D funding round in LeddarTech, a company in providing the most flexible, robust and accurate ADAS and AD sensing technology, with participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams OSRAM, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. “Our decision to partner with LeddarTech began with our introduction to the corporate senior management team. Individually, the senior team possess decades of experience in the technology industry. In addition, many have worked with major global automotive and sensing technology companies. An extensive due diligence process coupled with strong customer validation confirmed that LeddarTech’s unique solution is the best positioned in the market to unlock mass adoption of ADAS and AD by breaking typical software dependency on hardware in sensing. The LeddarTech solution, called LeddarVision™, provides customers with the flexibility to quickly scale across vehicle models and deliver faster to market with greater performance at a lower cost,” Nick Stone, FS Investors founder and partner.