Inventiv to fund $132 mln in Pond Technologies' projects
U.S. private equity firm Inventiv Capital Management has agreed to provide about $132 million (US$100 million) to support the projects of Pond Technologies Inc (TSX.V: POND), the Toronto-based developer of an algae-based emissions abatement solution. The deal will see development of a portfolio of projects implementing the company's technology, to be co-located next to industrial emitters of greenhouse gases, such as power plants and refineries. Founded in 2008 and led by CEO Steve Martin, Pond has previously raised financing from MaRS Investment Accelerator Fund, Pyfera Growth Capital and other investors.
25 June 2018•3 mins read
