Victoria-based foodtech startup Save da Sea Foods has closed $650,000 CAD in a convertible note financing as it looks to scale distribution of its plant-based seafood products.
This round marks the first investment from Thrive Lab, the Business Development Bank of Canada’s (BDC) $100-million fund for women-led businesses. Thrive Lab invests in companies by creating a syndicate of co-investment partners, and in this deal, participated alongside Spring, What If Ventures, and York University’s YSpace.
Fasken advised Save da Sea with a team led by Ally Bharmal (Technology), and included Reina Mistry (Technology), and Brent Clark (Banking & Finance).Jurisdiction
- British Columbia
