Enerkem’s $280 mln round is Canada’s biggest cleantech VC deal ever
Enerkem, a company that turns trash into clean fuels and green chemicals, this week accounted for the biggest cleantech deal in the history of Canada’s venture market. The Montréal company on Tuesday said it raised $280 million in new financing. The round was backed by U.S. investment manager BlackRock and Chinese bioindustrial conglomerate Sinobioway, both new investors, as well as Enerkem’s longstanding investors. The Enerkem deal is the all-time largest raised by a domestic VC-backed cleantech company, Thomson Reuters data show. It beats Enerkem’s own record, set in 2013, when it secured $87 million in two tranches.
7 February 2018•3 mins read
