Agrisoma Biosciences raises $12 mln more, Desjardins signs on

Agrisoma Biosciences Inc, a Gatineau, Québec-based agricultural technology company, has secured $12 million in a follow-on financing. The round was led by Cycle Capital Management and joined by new investor Desjardins Capital, an affiliate of Canadian financial cooperative Desjardins Group. BDC Capital and Lune Rouge, which along with Cycle backed Agrisoma's $15.4 million Series B round last year, also invested. The funds raised will help Agrisoma expand the global commercialization and production of Carinata, a non-food oilseed crop designed for sustainable production of biofuels used in the aviation industry.

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