Tech Company Financing Transactions
Entosystem Funding Round
Entosystem, based in Sherbrooke, QC, secured $58 million from Fondaction CSN and Idealist Capital.
Transaction Overview
Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$58,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth by increasing existing production capacity and constructing a second commercial plant.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
4141 Comtois Road
Sherbrooke, QC, J1L 1R7
Canada
Sherbrooke, QC, J1L 1R7
Canada
Phone
Website
Email Address
Overview
Purpose: To unleash the superpowers of insects in a cleaner, more sustainable and responsible food system. Impact: Become THE leader in production of insects as a force in eco responsible food systems, aiming to produce 100M tonnes of insects and be THE reference company for scaling insects in food systems, aiming to produce 100M tonnes of insects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Cédric Provost
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