Montreal-based textile manufacturer SRTX clinched US$25 million from the investment arm of the Quebec government, it said in a press release Tuesday. The investment is a part of a new US$50-million round—bringing SRTX’s total financing to US$200 million—that will support the company’s expansion in its facilities in Pointe-Claire, Que. (The Logic)

Talking point: SRTX, which makes “non-rippable” tights out of the same material as bulletproof vests, has plans to build a multimillion-dollar materials company out of Canada, founder and CEO Katherine Homuth told The Logic last month. The company created the world’s first automated hosiery assembly line, and it’s just the start of a “much more ambitious project,” she said at the time. SRTX hopes to one day make “all the world’s clothes out of Canada,” and Homuth has hinted at plans to go public.