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Inocucor Technologies Inc. announces first close of C$38.8M Series B financing led by TPG Art

Date closed: 3/28/2017

Value: C$38.8 billion

On March 28, 2017, Inocucor Technologies Inc. (Inocucor) announced completion of the C$38.8 million first close of its Series B financing round. The lead investor in the first close is TPG Alternative and Renewable Technologies (TPG ART), a growth-equity and late-stage venture capital vehicle of global alternative asset firm TPG. Other participants in this first Series B round are Cycle Capital Management, the Montreal-based clean tech venture capital firm that made its first investment in Inocucor in late 2013; Desjardins Innovatech, another original investor and the venture capital group of Desjardins, one of Canada's leading cooperative financial groups with more than $200 billion in assets; and Closed Loop Capital, an early-stage venture capital fund investing in agriculture technologies and food system innovations

Inocucor, headquartered in Montreal, Quebec, is a producer of sustainable biological crop inputs.

BLG represented Cycle Capital Management and Desjardins with a team led by Patrice Martin that included Calvin LeungPatricia Galella and Stefan Timms.