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Mara Renewables Corporation Raises $39.5M In Growth Equity, Accelerating The Future Of Food Through Algal Fermentation

May 17, 2022about 3 years ago

Amount Raised

$39.5 Million

Dartmouth

Description

Mara Renewables Corporation ("Mara"), today announced the successful initial close of a $39.5M million equity raise. The growth funding round was made possible by lead investor InvestEco Capital (InvestEco) and follow-on investors BDC Capital (BDC), Export Development Canada (EDC), MacKinnon, Bennett & Company Inc. (MKB), Thai Union Ingredients Co (Thai Union) and existing investors. As part of additional financing, Mara will also complete a second closing with Clear Creek Investments, LLC (CCI) in the coming month

Company Information

Company

Mara Renewables

Location

Dartmouth, Nova Scotia, Canada

FundzWatch™ Score

73
Medium Activity

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