Avrio Capital invests $20 mln in Phytelligence, M2, Morris Industries
Canadian venture capital firm Avrio Capital said its third late-stage agribusiness fund has deployed about $20 million across three new platform investments. Avrio Ventures III joined other investors in backing Seattle, Washington plant genetics and propagation specialist Phytelligence Inc. It also invested alongside of White Road Investments in the Series A financing of Carlsbad, California's Organic Mushroom Nutrition (M2). Finally, Fund III acquired a majority stake in Morris Industries Ltd, a Saskatoon maker of technology-based agricultural equipment. As a result of that recapitalization deal, Avrio's Aki Georgacacos and Steven Leakos will join the company's board.
6 September 2017•5 mins read
