Management-led group takes 22 pct stake in VC-backed Agrisoma
An investor group led by the senior management team at Agrisoma Biosciences Inc has made an undisclosed equity investment in the company. The group, which includes members of the board of directors, has taken a 22 percent stake in the Gatineau, Québec-based Agrisoma, an agribusiness that commercializes Resonance Carinata, an oilseed crop designed for biofuels and animal feeds. In a related deal, the company bought all of the shares that were previously held by Calyx Bioventures Inc. In September 2014, Agrisoma secured $8 million in a Series A financing from Canadian venture capital firms Cycle Capital Management and BDC Capital.
15 April 2015•2 mins read
