Aplantex, a Montreal, Canada-based startup specializing in extracting high-value plant molecules from its proprietary biomass, raised CAD$2.8M in funding.
The round was led by Frederick Perrault, with participation of the Circular Innovation Fund (CIF) through its Acceleration Program, Cycle Momentum, Investissement Québec, and angel investors.
The company intends to use the funds to accelerate the development of its strategic and production plan.
Led by CEO Patrick Charest, Aplantex has developed a process for the local production of high value-added active plant ingredients. The core of this green biotechnology process is the continuous production, in a controlled environment, of plant biomass from proprietary photosynthetic plant replicators. This abundant biomass is then dried, and the extraction, fractionation and purification stages enable us to isolate the specific molecules essential to many of the leading products in the pharmaceutical, cosmetics, and food industries.
FinSMEs
28/08/2024