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Quebec’s Agrisoma Biosciences Inc., the agriculture technology company that commercialized Resonance carinata, the world’s first non-food sustainable crop for renewable energy, announced that a group led by its management team has made an equity investment that gives it a 22 per cent stake in the company._x000D_
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The group includes key members of Agrisoma’s senior management, board members and advisers._x000D_
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In a related transaction, Agrisoma has purchased all the shares previously held by Calyx Bioventures, removing Calyx as a shareholder in Agrisoma._x000D_
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“This investment underscores the value being created as Agrisoma expands its commercialization of Resonance carinata,” says Agrisoma president and CEO Steven Fabijanski, who led the group making the investment. “The opportunity for new sustainable, high-performance agricultural seed products such as Resonance carinata is substantial, and we want to become more invested in its success.”_x000D_
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Resonance carinata is the world’s only RSB-certified (Roundtable on Sustainable Biomaterials) sustainable oilseed crop, providing a source of sustainable oil for renewable fuels and other products, in addition to a high- protein animal feed by-product. In September 2014, Agrisoma closed an $8 million Series A financing round, which was led by Cycle Capital Management, a clean tech venture capital platform of investments, with participation by BDC Venture Capital, one of Agrisoma’s current equity investors._x000D_
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Quebec’s Agrisoma Biosciences Inc., the agriculture technology company that commercialized Resonance carinata, the world’s first non-food sustainable crop for renewable energy, announced that a group led by its management team has made an equity investment that gives it a 22 per cent stake in the company._x000D_
_x000D_
The group includes key members of Agrisoma’s senior management, board members and advisers._x000D_
_x000D_
In a related transaction, Agrisoma has purchased all the shares previously held by Calyx Bioventures, removing Calyx as a shareholder in Agrisoma._x000D_
_x000D_
“This investment underscores the value being created as Agrisoma expands its commercialization of Resonance carinata,” says Agrisoma president and CEO Steven Fabijanski, who led the group making the investment. “The opportunity for new sustainable, high-performance agricultural seed products such as Resonance carinata is substantial, and we want to become more invested in its success.”_x000D_
_x000D_
Resonance carinata is the world’s only RSB-certified (Roundtable on Sustainable Biomaterials) sustainable oilseed crop, providing a source of sustainable oil for renewable fuels and other products, in addition to a high- protein animal feed by-product. In September 2014, Agrisoma closed an $8 million Series A financing round, which was led by Cycle Capital Management, a clean tech venture capital platform of investments, with participation by BDC Venture Capital, one of Agrisoma’s current equity investors._x000D_
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