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Author: Caroline

$15M CAD Series A for ChrysaLabs

ChrysaLabs Secures CA $15 Million ($11 Million) Series A Funding to Increase Instant Access to Reliable and Low-Cost Soil Insights, Including Carbon Verification NEWS PROVIDED BY ChrysaLabs May 10, 2023, 11:08 ET Investment will advance smart farming technology to empower growers with real-time portable lab data and to support the carbon credit industry with scientifically accurate measurements. MONTREAL, May 10, 2023 /PRNewswire/ - ChrysaLabs, a leading innovator at the forefront of soil science, announced today a 15 million Canadian dollar ($11 million) financing round, including investments from Leaps by Bayer, TELUS Ventures and BDC Capital. Existing investors Ecofuel, Emmertech, Anges Québec, AQC and Koan Capital...

10 May 2023
Caroline
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GSTS establishes Green Shipping Corridor capability with Montreal Port Authority

Supporting Canada to meet its climate goals and delivering on an efficient and environmentally friendly shipping system. HALIFAX, Nova Scotia—February 21, 2023 — Global Spatial Technology Solutions (“GSTS” or “the Company”), a Maritime Intelligence company today announced that it will collaborate with the Montreal Port Authority (MPA) in providing a Green Shipping Corridor capability using the OCIANATM platform. The Green Shipping Corridor capability enables vessels to establish an initially low and ultimately zero-carbon emissions route while matching their arrival with berth availability and maintaining compliance. “We are extremely pleased to be working with the Montreal Port Authority on this initiative. As an original OCIANATM consortium...

21 February 2023
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The Agri-Tech Sector and Venture Capital

According to recent data from Crunchbase, nearly 800 Agri-Tech start-ups raised more than US$10 billion in 2022 globally, a 13% decline from the previous year[1]. Comparatively, start-ups in all sectors have seen a 35% decrease in raised capital for 2022. The Agri-Tech sector has proven to be much more resilient in the face of turbulent economic conditions, considering a 26% increase in the total number of rounds closed compared to 2021. The Controlled Environment Agriculture (CEA) subsector had the largest growth in invested capital in 2022, with an additional funding of US$700 million. The other significant increase in invested capital includes...

26 January 2023
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Labour shortages in agriculture,
a hurdle for our food autonomy

In the agricultural sector, the labour shortage is increasing year after year. In Canada, more than 60,000 foreign workers worked in that sector in 2021 to try to fill the need for labour, an increase of 12% compared to the previous year despite the restrictions imposed by the pandemic[1]. In Québec, the Union des Producteurs Agricoles de la Mauricie indicated that over the past three years, the use of foreign labour has increased by 40% and estimates that 20,000 additional workers will be needed over the next 10 years[2]. This situation is exacerbated by multiple factors, the most significant of...

9 December 2022
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Pyrowave Sets New Standard
With 100% Traceable Recycled Styrene

Montreal, November 17, 2022 – On the sidelines of the Advanced Recycling Conference held in Cologne, Germany, Pyrowave announced it has reached a major stage for the future of global plastic recycling and in the fight against climate change. Pyrowave technology has successfully passed Michelin Group’s quality tests with the first 99.8% pure recycled styrene monomer produced from polystyrene waste. Recycled monomer can now be integrated into industrial elastomer batches. For the first time, a finished product will incorporate fully traceable and segregated recycled styrene, where all the styrene will be physically present in the product rather than a credit-based content. A container with...

17 November 2022
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The Canadian government wants to
reduce fertilizer emissions by 30% by 2030

According to a study unveiled in Glasgow at COP26, global production and use of synthetic nitrogenous fertilizers contributes to 21.5% of annual emissions from the agricultural sector, which represents 2.4% of global greenhouse gas emissions[1]. Nitrogen fertilizers are produced from natural gas, the main component of which is methane, a GHG that is 25 times more potent than CO2 at trapping heat. The adverse environmental effects go beyond emissions. Excessive application of synthetic nitrogen fertilizers has been shown to acidify and degrade the quality of soils, which affects productivity. In addition, the escape of nitrogen into waterways stimulates algal blooms...

27 September 2022
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Potloc Closes CAD$35M Series B Round to drive global growth with its game changing research technology

Targeting a CAD$40B market for surveys, investors back latest Montreal data company with its breakthrough approach to ensuring better quality data through precision targeting and industry-leading speed MONTREAL, CA – June 21st – Potloc, the research technology company delivering new levels of data quality, precision and speed with its social media sampling technology, today announced the closing of its Series B round, totalling CAD$35M in new equity and debt financing. Investissement Québec led the round followed by First Ascent Ventures and initial investors Brightspark Ventures, Desjardins Capital, Cap Horn, Ecofuel Fund, BDC Capital’s Seed Fund along with debt financing provided by CIBC...

27 June 2022
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Tengiva, First of its Kind Digital Supply
Chain Platform for the Textile Industry,
raises $4.95 Million in Seed Funding

MONTREAL – May 4, 2022 – Tengiva, the first digital supply chain platform for the textile industry, today announced that it has raised CAD$4.95 million in seed funding. The funding round was led by Fonds Ecofuel with participation from Inovia, Anges Québec, Active Impact Investments, and N49P. The funds raised include $1.7 million in commercialization funding from the Investissement Québec Innovation Program and a $100,000 grant from the Sustainable Development Technology Canada (SDTC) Seed Funding program. Textile production is a trillion dollar* industry, and still mostly managed offline without much modern digitization – until now. Tengiva (Textiles Exchange Network) was created to solve...

5 May 2022
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E-Procurement software Axya raises $5,4M
to propel its next phase of growth

Axya, a SaaS enabled marketplace company offering e-procurement solutions for the manufacturing industry founded in 2019, is pleased to announce it recently closed its second seed round of funding within the last year, bringing the total amount invested in its platform to CAD$5,4M in the last 12 months only. (Left to right) Cofounders Félix Bélisle Dockrill, CEO and Yacine Mahdid, COO. A new funding round led by BDC Capital The new round was led by BDC Capital and funds will be used by the company to accelerate the deployment of its software solution with global leading manufacturers clients. Desjardins Capital, Real Ventures, Ecofuel...

8 February 2022
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Closing of an oversubscribed seed round for Brilliant Matter

September 23, 2021 - Brilliant Matters announces Strategic Investment to accelerate production of their High-Performing, Reliable and Scalable Semiconductors for printed electronics Brilliant Matters is proud to announce the closing of an oversubscribed $3.5M seed round. The round was led by Ecofuel Fund, a specialized and dedicated cleantech fund, together with Investissement Québec, Anges Québec and GSI Creos Corporation. Founded in 2016, the company uses an innovative clean and reliable production method to produce a new generation of printable and flexible semiconductors that offers an eco-friendlier and cost-effective alternative to traditional electronics. Using their proprietary process, Brilliant Matters’ polymers and compounds were...

23 September 2021
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