Tech Company Financing Transactions
Lucent Bio Funding Round
Lucent Bio closed a $3.6 million funding round on 11/7/2023. Investors included Pacific Economic Development Canada.
Transaction Overview
Company Name
Announced On
11/7/2023
Transaction Type
Venture Equity
Amount
$3,600,000
Round
Undisclosed
Investors
Pacific Economic Development Canada (Lead Investor)
Proceeds Purpose
The funding will be directed towards ensuring Nutreos's production processes align with environmental sustainability standards. From sourcing raw materials to manufacturing, Lucent Bio will uphold eco-friendly practices, contributing to a cleaner agricultural industry.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
1425 Marine Drive Suite 207 West Vancouver
British Columbia, V7T 1B9
CA
British Columbia, V7T 1B9
CA
Phone
Undisclosed
Website
Email Address
Overview
Lucent BioSciences is a Vancouver-based AgTech start-up driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture called "Soileos'' using cellulose fibre as a delivery agent. The product improves yield and soil health, and is climate positive,non-polluting, and sustainable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Riedijk
Browse more venture capital transactions:
Prev: 11/7/2023: BioPhy venture capital transaction
Next: 11/7/2023: ReturnGO venture capital transaction
Share this article
Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs