CellFor Inc., a Vancouver (British Columbia), Canada-based provider of varietal tree seedlings for reforestation, closed an over $35m equity financing.
The investment was led by new investor, Capricorn Investment Group, with participation from existing major partners. CellFor’s principal institutional investors include CSFB Equity Partners, LP, GrowthWorks Capital, and BDC Venture Capital.
The company operates U.S. offices in Georgia, South Carolina, Arkansas, Texas and Maine. Its conifer seedlings are planted in the southeastern U.S., Canada, Chile, New Zealand, Australia, Brazil, Argentina and Uruguay.