Mara Renewables Raises $39.5M in Growth Equity Funding

Mara Renewables Corporation, Dartmouth, Canada-based is a sustainable plant-based nutrition and nutraceutical ingredient company that has raised $39.9M inGrowth equity funding

TheInvestEco was the leader of the round CapitalParticipation from BDC Capital, Export Development Canada, MacKinnon, Bennett & Company, Thai Union Ingredients. CoExisting investors and. AsAdditional financing is available as a part of this package. MaraA second closing will also be completed with Clear Creek Investments inThe next month.

The company intends to use the funds to further expand new R&D initiatives into commercial products.

LedBy CEO Arturo Ania, Mara Renewables Corporation has built a portfolio of microalgal strains, some processed using a clean, environmentally-friendly extraction method to develop high quality algal oil. Approved by multiple respected regulatory and certification bodies around the world — including The Non-GMO Project, Health CanadaThe European Food Safety Authority — Mara’s ingredients are utilized by global infant nutrition, supplement and food and beverage customers.

The company’s global teams span Canada and the UK, with headquarters in Dartmouth, NS.

FinSMEs

18/05/2022

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