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June 5, 2013

Thalmic Labs Raises $14.5 Million in Series A Funding Led by Spark and Intel

Thalmic Labs, maker of the revolutionary wearable gesture control device MYO, has secured a $14.5 million Series A financing round led by Spark Capital and Intel Capital. Additional participants in the financing round include venture capital firms Formation 8, First Round Capital and FundersClub, along with a group of individual investors.

Thalmic Labs was founded in 2012 by three graduates (Stephen Lake, Matthew Bailey, Aaron Grant) of the University of Waterloo’s mechatronics engineering program. This Series A funding of $14.5 million is the largest round of funding that any graduate of the Y Combinator program has received to date.

Wildeboer Dellelce LLP acted for the issuer with a team that included Eric Apps and Eric Karrandjas (corporate/securities).