Relocalize Secures $5.8 Million to Decarbonize Food Supply Chains In Oversubscribed Seed Round
Summary
The company plans to double its engineering team in the coming months to meet strong demand from retailers in the packaged ice market segment.D. "Nathalie Bernard, Chief Operating Officer at Desjardins Capital, said: "Relocalizes vision is to provide solutions to reduce the environmental impact of food and beverage production and transportation. Their autonomous production platforms, strategically positioned in retailer distribution centers, aim to disrupt traditional food and beverage industries by eliminating unnecessary transportation and associated emissions. With assets under management of $3 billion as of December 31, 2023, Desjardins Capital contributes to the longevity of nearly 760 companies, cooperatives and funds in various sectors of activity from all regions of the province. In addition to contributing to socio-economic development, productivity and the adoption of sustainable practices, this subsidiary of offers entrepreneurs access to a broad business network, enabling them to be accompanied and supported in their projects.