Algae tech specialist Solarvest raises $1 mln from Drashta Ventures
Canadian algae technology company Solarvest BioEnergy Inc (TSX-V: SVS) has raised $1 million in a private placement financing. The investor was Drashta Ventures, an impact fund sponsored by Australian and U.K. money manager Drashta Capital. Founded in 2006, Summerville, Prince Edward Island's Solarvest is a developer of algae-based biological technologies used to create nutraceutical and energy products. It plans to use the funds raised for inventory production, sales and marketing, patenting costs, technology enhancements and other priorities.
9 February 2017•3 mins read
