Calgary, Alberta, Canada-based venture capital firm Avrio Capital said it deployed C$15M of capital from its third institutional late stage venture fund in three companies.
Agriculture and food technology focused Avrio Ventures Limited Partnership III has invested in Montreal, QC-based Intelia Technologies Inc. and Alasko Inc., and Calgary, AB-based Cadcan Marketing & Sales Inc. (operating as CheeCha Puffs).
Led by Dominic Desy, CEO, Intelia designs, manufactures and distributes a complete line of control systems and data analytics services for the poultry and swine markets.
Led by Michael Vineberg, CEO, Alasko Foods is a supplier of frozen fruits and vegetables. It is a portfolio company of L Catterton, a private equity firm with over $10 billion of capital under management.
CheeCha Puffs is a snack foods company offering minimally processed, gluten free, low calorie products.
The sums of the three single operations were not disclosed.
In addition to its first investment with Montreal based BioAmber Inc., Avrio has now concluded four total investments out of its third fund, which closed with total commitments approaching $110M, earlier this year. The fund is actively seeking opportunities to deploy $2-$10M in dynamic, growing agricultural and food technology companies seeking growth or expansion capital to address global issues related to health, wellness and sustainability.