Salmon farming tech company expanding, thanks to new $21M investment

Rubriques :

A Campbell River company that exports salmon farming technology around the world is expanding, thanks to nearly $21 million in new investment. Poseidon Ocean Systems will use the funding to expand its manufacturing capabilities, and support the company’s growth and development. The company manufactures technology for salmon farms, including life-support systems and hybrid sea cages. The new financing comes through the Ecosystem Integrity Fund and the InBC Investment Corp, along with Export Development Canada. Investors say they are backing the company because its innovative products will help meet global demand for sustainable protein, and build a climate-resilient economy. The new money will also allow the company to continue expanding into global markets, including greater relationships with salmon farmers in Canada, Chile, and the United Kingdom. The post Salmon farming tech company expanding, thanks to new $21M investment appeared first on My Campbell River Now.

New School Foods Adds $6M from Investors including Inter IKEA and Protein Industries Canada, Opens Manufacturing Facility

financialpost.com - 28/Aug 11:04

This brings the startup’s total funding to $18M in preparation for its upcoming commercial launch of plant-based, whole cut salmon in the U.S. and...

Rubriques :

Salmon farming tech company expanding, thanks to new $21M investment

Articles similaires

Canada Growth Fund to Invest up to US$100 Million in Svante to Accelerate Growth

Salish Sea Islands protected forever thanks to generous support

Why Major Tech Companies Hesitate To Fully Invest In Indonesia: A Comparative Analysis With Malaysia

Federal phase-out plan has salmon farming giant re-thinking BC operations

Federal phase-out plan has salmon farming giant re-thinking BC operations

Serent Capital Announces the Acquisition of Spa Software Leader Book4Time by Agilysys

VIU commits to review sourcing and investment policies with new task force

VIU commits to review sourcing and investment policies with new task force

Government of Canada and Lheidli T’enneh First Nation partner to support Fraser River salmon

New School Foods Adds $6M from Investors including Inter IKEA and Protein Industries Canada, Opens Manufacturing Facility

Les derniers communiqués