XpertSea, a Quebec City, Canada-based company to farm and trade seafood, closed a $20M USD Series B funding round.
The round was led by QED Investors and Atlantico with Investissement Quebec joining previous investors Obvious Ventures, Aqua-Spark, Tony Fadell’s Future Shape, Real Ventures and edō Capital. QED partner Lauren Morton will join XpertSea’s board, resulting in both an executive team and a board where women are in the majority.
The company intends to use the funds to expand its financial services and new product development, and hire for positions in Toronto, Quebec City and its international markets.
Led by Valerie Robitaille, CEO, XpertSea provides a data-driven marketplace that uses AI and financial services to connect shrimp farmers with a network of vetted buyers and ensure same day payment. Using their phone’s camera and a smartphone app, farmers can capture crop data, transact with buyers and receive payment within 24 hours of harvest, which improves their cash flow, de-risks their business and unlocks growth.The company has customers in over 50 countries.
FinSMEs
10/08/2021