Genecis Raises US$10 Million in Funding to Commercialize Biodegradable Plastic Products

Toronto, Ontario--(Newsfile Corp. - August 4, 2022) - Genecis Bioindustries Inc. ("Genecis") announced that it has raised US$7 million in Series A funding led by Khosla Ventures and BDC Capital's Cleantech Practice. The round includes participation from Gullspang Re:food, with returning investors such as AME Cloud Ventures, IT Farm, and Heinz Group. Genecis has also secured a US$3 million credit facility from Silicon Valley Bank, subject to customary closing conditions. Genecis is a...

2022-08-04 2:57 PM EDT