# Agrisoma Biosciences

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agrisoma-biosciences

- Industry: Renewable Energy
- Headquarters: Gatineau, Canada
- Website: www.agrisoma.com
- Total disclosed funding: $33M
- Latest round: Series C (Mar 12, 2018)
- Investors on record: 4

## About

Agrisoma Biosciences Inc. focuses on producing renewable biofuels from Carinata, a specially engineered oilseed crop, thereby addressing the global demand for sustainable energy solutions and reducing greenhouse gas emissions.Founded in 2001, Agrisoma Biosciences Inc. is based in Gatineau, Canada, and specializes in renewable biofuel production. The company successfully completed a Series C funding round in March 2018, raising CAD 12.00 mn, with Cycle Capital Management as the lead investor alongside BDC Capital, Desjardins Capital, and Groupe Lune Rouge. Agrisoma has executed a total of five funding deals to date, focusing on expanding its capabilities and market reach.Agrisoma specializes in the production of renewable biofuels derived from Carinata, a non-food oilseed crop engineered for low greenhouse gas emissions. The oil extracted from Carinata can be converted into biodiesel and other renewable fuel products. Agrisoma primarily serves fuel producers and transportation companies in North America and Europe, addressing the rising demand for sustainable energy alternatives.Agrisoma generates revenue through the sale of Carinata-derived biofuels to fuel producers and transportation companies. The pricing is influenced by market conditions and renewable energy credits, encouraging clients to adopt sustainable practices. Collaborations with agricultural producers ensure a reliable supply of Carinata, enhancing the company's positioning in the renewable energy market and fostering long-term contracts.Agrisoma intends to utilize the CAD 12.00 mn raised in the Series C funding round to enhance the development of its product offerings and expand into new international markets. This will involve launching additional derivatives of Carinata-derived biofuels. The company is specifically targeting growth opportunities in Europe and Asia by 2023, leveraging its existing partnerships and market knowledge to capture a greater share of the renewable energy sector.

## Funding rounds

- Series C, Mar 12, 2018, $9.3M — BDC Capital, Cycle Capital Management, Desjardins Capital, Groupe Lune Rouge
- Series B, Apr 10, 2017, $15M — BDC Capital, Cycle Capital Management, Groupe Lune Rouge
- Series A, Sep 26, 2014, $8M — BDC Capital, Cycle Capital Management

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B, Series C
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series A, Series B, Series C
- Groupe Lune Rouge — Series B, Series C
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Series C