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Genecis Raises US$10Million In Funding To Commercialize Biodegradable Plastic Products

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August 4, 2022—TORONTO, ONTARIO — 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.

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