GENECIS RAISES US$10 MILLION IN FUNDING TO COMMERCIALIZE BIODEGRADABLE PLASTIC PRODUCTS
TORONTO, ONTARIO, August 4, 2022 – Genecis Bioindustries Inc. ("Genecis") announced that it has raised US$7 million in Series A funding led by Khosla Ventures and BDC Capital’s Cleantech Practice. The round includes participation from Gullspang Re:food, with returning investors such as AME Cloud Ventures, IT Farm, and Heinz Group.Genecis has also secured a US$3 million credit facility from Silicon Valley Bank, subject to customary closing conditions.