Tech Company Financing Transactions
Relocalize Funding Round
Relocalize closed a $5.8 million Seed funding round on 5/15/2024. Investors included Desjardins Capital, i4 Capital and RGS Ice.
Transaction Overview
Company Name
Announced On
5/15/2024
Transaction Type
Venture Equity
Amount
$5,800,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to to double its engineering team and scale up its autonomous microfactory platform.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
5925 Monkland Avenue 204
Montreal, Quebec, H4A 1G7
CA
Montreal, Quebec, H4A 1G7
CA
Phone
Undisclosed
Website
Email Address
Overview
Relocalize is revolutionizing retail food supply chains with distributed networks of fully autonomous hyperlocal micro-factories. RELO micro-factories produce fresher, greener, and more affordable packaged foods and beverages. They co-locate food production, packaging, and distribution in close proximity to distribution centers to achieve localized fulfillment, eliminating needless "middle mile" transportation, a driver of climate change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Wayne McIntrye
Chief Marketing Officer
Beth Thouin
Chief Operating Officer
Graham Campbell
Chief Technical Officer
Leigh Copp
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