# Arcanus Aerial Systems Closes Oversubscribed Series A Above $27 Million for Canadian Drone Production

> Arcanus Aerial Systems raised more than $27 million in an oversubscribed Series A to expand Canadian drone and counter-drone production and fund customer delivery.

- Published: 2026-11-13T18:18:24+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-13/arcanus-aerial-systems-series-a-funding
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/13/3402895/0/en/arcanus-raises-more-than-us-27-million-to-bring-allied-drone-technologies-into-canadian-production.html)

## Key takeaways

- Arcanus Aerial Systems raised more than $27 million in an oversubscribed Series A financing.
- The round launched at $12.5 million, was increased to $25 million and then expanded to $27 million, according to Matthew Ewing.
- Net proceeds will fund Canadian manufacturing, engineering and program personnel, and inventory and working capital for customer delivery.

Arcanus Aerial Systems Inc. has raised more than US$27 million in an oversubscribed Series A financing to expand the Canadian engineering, integration and production base behind its drone and counter-drone business. [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/13/3402895/0/en/arcanus-raises-more-than-us-27-million-to-bring-allied-drone-technologies-into-canadian-production.html) reported the financing on November 13, 2026.

## How the Arcanus Series A Was Built

Matthew Ewing, Executive Chairman and Chief Strategy Officer of [Arcanus Aerial Systems](https://akta.pro/company-profiles/02c28gk/arcanus-aerial-systems), described how the round grew. "We launched this round at US$12.5 million, increased the offering to US$25 million and then expanded it to US$27 million," he said. "Demand exceeded even that level, and we closed above US$27 million."

[Research Capital Corporation](https://akta.pro/company-profiles/0005ml3/research-capital-corporation) acted as agent for the brokered portion of the financing. Net proceeds are intended to expand Canadian manufacturing and assembly, strengthen systems integration and supply-chain capabilities, add engineering and program personnel, and fund inventory and working capital for customer delivery.

Rahim Rajwani, Chief Executive Officer of Arcanus, tied the financing to the company's model of integrating licensed and allied-partner technologies. "This financing will strengthen the engineering, production and program teams responsible for taking those systems through to customer delivery," he said.

The proposed acquisitions of Infinit Drones Corp. and [Nested Technologies](https://akta.pro/company-profiles/000hveu/nested-technologies) Corp., announced on October 21, 2026, are part of the Canadian expansion. The Woodbridge, Ontario businesses would add engineering and manufacturing capacity, flight-testing capabilities, and customer training and sustainment services. Pending completion, the companies are collaborating under a joint venture covering sales, bids, demonstrations, engineering and production planning. The acquisitions remain subject to the applicable closing conditions.

Arcanus is pre-qualified under the Government of Canada's Defence Drone Initiative Marketplace supply arrangement to compete for Department of National Defence requirements. The company said its planned production and support expansion is intended to strengthen its ability to pursue and execute these programs.

## Arcanus Funding and Partnership Records

According to akta.pro [company records](https://akta.pro/company-data), Arcanus closed a US$25 million Series A financing in March 2026, upsized from an original US$12.5 million target due to strong family office and institutional demand, with a US$3.15 million lead from a prominent family office. The same records list a May 2026 five-year production and commercialization agreement with FeralX Systems Inc., appointing FeralX as non-exclusive contract manufacturer, accompanied by a C$1 million strategic equity investment.

| Record | Date | Amount |
| --- | --- | --- |
| Series A financing | March 2026 | US$25 million |
| FeralX Systems strategic equity investment | May 2026 | C$1 million |
| Series A financing | November 2026 | More than US$27 million |

## Deals and Partnerships Before the Round

On October 23, 2026, PR Newswire reported that Yazan Al Homsi invested US$500,000 in Toronto-based Arcanus Aerial Systems, a developer of unmanned aerial systems for defence and public safety. On October 22, 2026, Newswire reported that Arcanus and NeuralDrones announced a five-year exclusive partnership to integrate Arcanus aircraft into NeuralDrones' PreFire and AfterFire wildfire detection and monitoring systems.

On October 21, 2026, Newswire reported that Arcanus appointed Pedram Nowroozi as Chief Technology Officer and agreed to acquire his companies Infinit Drones and Nested Technologies. The deal brings a Canadian engineering and manufacturing team with over 7,000 flight hours, expanding Arcanus' domestic drone capability.

## Companies in this story

- [Arcanus Aerial Systems company profile](https://akta.pro/company-profiles/02c28gk/arcanus-aerial-systems) · website: https://www.arcanus.ca
- [Research Capital Corporation company profile](https://akta.pro/company-profiles/0005ml3/research-capital-corporation) · website: https://researchcapital.com
- [Nested Technologies company profile](https://akta.pro/company-profiles/000hveu/nested-technologies) · website: https://www.nestedtech.ca

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