Anomera Inc., a Canadian advanced materials sciences company that reinterprets cellulose as a multi-application materials innovation platform, raised USD$1.25M in its first tranche of seed funding.
The backers were not disclosed.
The company intends to use the funds to recruit additional people and to accelerate product development and sustainable manufacturing scale-up of its ingredients.
Founded by CTO Dr. Mark Andrews as a spin-out from McGill University, Montreal, and led by President and CEO Gary Moskovitz, Anomera converts raw materials from certified, biodiversity forest management origins into a proprietary, biodegradable, cellulose platform. The company has created a new class of cellulose microbeads, specifically crafted with benefits for global cosmetics and skin care markets.
It launched its first cosmetic ingredient product line, ChromaPur™, in November 2016, with global sampling for direct cosmetic manufacturers and ingredients distribution channels to begin in Q3 2017. Early manufacturing for commercial deliveries is carried out in close collaboration with its second strategic partner, the Xerox Research Centre of Canada.
Follow-on applications include its DextraCel™ materials for markets ranging from environmentally friendly inks and pigments, to water and air purification, coatings, composites, and medical/life sciences.
Anomera has also been supported in its early development by the incubation services of CEIM in Montreal, Quebec, the RIC Centre in Mississauga, Ontario, and with the support of Green Centre Canada, located in Kingston, Ontario.
FinSMEs
04/04/2017