Dispersa raises $3 million in financing from Invest Nova Scotia, the Circular Economy Fund, Fondaction, Dragonfly Ventures, Good & Well, BoxOne Ventures and grantmakers to support its growth
Summary
MONTREAL, April 20, 2023 /CNW/ - Dispersa, the start-up founded by award -winning entrepreneur Nivatha Balendra, has secured financing of $3M ($1.5M in grants and $1.5M in venture capital), to fund its growth and scale-up of waste-derived bio surfactants that are palm/petroleum-free, non-toxic, and biodegradable. They are also known to pollute water streams and cause aqua-toxicity as they degrade post-consumption.Certain conventional surfactants have components like sulfates and 1,4-dioxanes which at increased concentrations can negatively impact human health - particularly those with chronic illnesses most at risk. Nivatha collected soil samples across Montreal and joined the Institut national de la recherche scientifique to conduct her research, where she found microbes capable of producing biosurfactants. To learn more, visit or our LinkedIn page.Dragonfly Ventures is a family office based in Toronto, Ontario that invests in the unique gifts and capacities of people and communities committed to the health of humanity and our planet. Dragonfly Ventures uses financial and non-financial tools including private investments, charitable giving, public equity screening, shareholder engagement, and thoughtful collaboration to achieve its vision.