Relocalize Raises $1.4M to Feed Humanity Sustainably with Micro-Factories
Summary
MONTREAL, Oct. 12, 2021 /PRNewswire/ - Relocalize, a North American food-tech company, today announced the closing of a $1.4M pre-seed round to fund the development of the first ever automated food micro-factory.The round is led by grocery retail and industry leaders including senior executives from Slack, Emerson, ex-Sobeys and an undisclosed USA-based retail chain. "Consumers increasingly factor sustainability into their buying decisions and retailers have taken note," says Marc Poulin former Sobeys CEO. "Since the companys founding in November 2020, Relocalize in-licensed, designed, patented, prototyped and tested its technology, as well as secured a leading Southern-US retail launch partner for their first sustainable premium ice micro-factory. "Were starting with ice because the standard practice of trucking frozen water long distances just doesnt make ecological or economic sense," says McIntyre. "24 billion lbs of packaged ice travels across the United States and Canada from centralized production plants to retailers, and our mission is to disrupt this $6B market and prove the benefits of re-localization."