Cycle Capital, BDC invest $8 mln in Series A funding of Agrisoma Biosciences
Agrisoma Biosciences Inc has secured $8 million in a Series A financing. The round was led by Canadian clean technology venture capital firm Cycle Capital Management and was joined by BDC Capital, which has invested in the company since 2002. An agricultural technology company, the Gatineau, Québec-based Agrisoma has commercialized carinata, a non-food oilseed crop designed for the sustainable production of biofuels. It plans to use proceeds of the latest round to promote further commercialization and expand into new areas of production. As a result of the deal, Cycle founder and managing partner Andrée-Lise Méthothas joined Agrisoma's board of directors.
26 September 2014•4 mins read
