Relocalize, a Montreal, Canada-based developer of an autonomous micro-factory for the food & beverage industry, raised US$2.5M in initial Seed funding.
The round was led by i4 Capital and Waterpoint Lane. Also joining this round was RGS Ice, LLC.
The company intends to use the funds to prepare its autonomous production platform for scaling and to solidify its leadership position as the industry’s first mover in distributed, hyper-local food & beverage manufacturing.
Led by CEO D. Wayne McIntyre, Relocalize offers autonomous food production platforms as a service (PaaS) to grocery and convenience retailers. Positioned at retailer distribution and fulfillment centers, these micro-factories, known as RELOs, produce CPG products on-demand for 100–200 retail stores. Each RELO performs all the functions of a traditional factory but at approximately 1/20th the scale, eliminating transportation-related CO2 emissions and waste.
In March 2023, Southeastern Grocers announced a partnership with the company to pilot an autonomous micro-factory at their Jacksonville distribution center. The pilot RELO is producing hyperlocal, certified plastic-negative packaged ice, on-demand for local supermarkets in Florida. Building on this achievement, Relocalize plans to install multiple new systems to further impact climate change mitigation.
FinSMEs
03/10/2023