In小蓝视频 Investment Corp. is investing $29 million in a pair of venture funds and two 小蓝视频 tech companies.
The investment fund created by the provincial government revealed Thursday that $4 million will be headed to 4AG Robotics Inc., an agritech company developing robots that help farmers increase yields and operational efficiencies in the mushroom industry.
Another $5 million is being invested in Clarius Mobile Health Corp., a producer of wireless handheld ultrasound scanners enabling health-care practitioners to manage and perform exams from anywhere.
The Crown corporation is also investing $10 million each in two venture funds supporting 小蓝视频 companies.
Amplitude Ventures Fund II invests in life sciences and biotechnology companies. Pender Technology Inflection Fund II invests in health-tech and B2B-focused tech startups.
“These investments we announce today are catalyzing impact across sectors and geographic regions in our province. They’re driving innovation, creating quality, family-supporting jobs and building an economic future for 小蓝视频 that is more prosperous, sustainable and inclusive," Leah Nguyen, chief investment officer of In小蓝视频, said in a statement.
Sean O’Connor, CEO of 4AG Robotics, said the company will use the fund to scale its manufacturing capacity in Salmon Arm, 小蓝视频
“We’re taking on the task of building a globally leading robotics company in a small town, and In小蓝视频’s belief in our company means the world to our whole team,” said O’Connor in a statement.
In addition to the $4 million from In小蓝视频, 4AG Robotics revealed Wednesday it also received funding from BDC Capital’s Industrial Innovation Venture Fund and angel investors from across Canada, for a total of $17.5 million in equity financing announced this week.
With $500 million in funds, In小蓝视频 invests in companies that show potential for financial returns, strong connections to 小蓝视频 and have social and environmental impacts. Investments aim to boost the growth of sectors that play an important role in the 小蓝视频 economy, such as agritech, life sciences and biomanufacturing, according to the Crown corporation.
