Relocalize raised $5.8 million in an oversubscribed seed round led by Desjardins Capital to scale up its autonomous microfactory platform.
Relocalize raised $5.8 million in an oversubscribed seed round led by Desjardins Capital to scale up its autonomous microfactory platform.
05/15/24, 1:28 PM
Location
Money raised
$5.8 million
Round Type
seed
Investors
Rgs Ice, Waterpoint Lane, I4 Capital, Desjardins Capital
Relocalize announced the 2nd closing of its $5.8 million seed funding round. The investment will be used to accelerate the development and deployment of Relocalize's technology platform and deploy full-scale microfactories in Canada and the United States.
Company Info
Location
montreal, quebec, canada
Additional Info
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.
Robotics, automation technology, and novel waste-reduction solutions make it possible to efficiently decentralize production while exceeding the highest standards of quality, safety, and sustainability. Currently, the company specializes in producing a revolutionary new standard of cubed ice, but its goal is to expand to every store aisle, thus decarbonizing and strengthening supply chains.
At Relocalize, we believe that distributed automated food production will transform access to quality products while significantly reducing both the environmental and economic costs of production and distribution, disrupting the traditional packaged ice market.