CPE News (5.10.2023) – Obeo Biogas has raised $3 million in seed funding led by Diagram Ventures.
Diagram’s Pierre Donaldson has joined Obeo baord of directors in connection with financing.
Obeo Biogas has also secured strategic partnership with Valmetal, a company specializing in agricultural equipment design, manufacturing, and distribution, to further enhance its service offerings.
Funding will be used to accelerate the growth of Obeo Biogas and enhance its ability to provide sustainable and cost-effective biogas solutions to dairy farms across North America.
Founded by Renaud Lavoie, Alain Houle, Jean-Philippe Meloche, Montreal based Obeo Biogas is a biogas developer specializing in the design, construction, and operation of biogas systems specifically tailored for dairy farms.
photo credit: Obeo
News Release
Obeo Biogas Closes $3 Million Seed Funding Round To Bring Sustainable Biogas Solution to Dairy Farms Across North America
May 10, 2023 09:00 AM Eastern Daylight Time
MONTRÉAL–(BUSINESS WIRE)–Obeo Biogas, a leading provider of innovative biogas solutions for dairy farms, is pleased to announce the successful completion of its seed investment round led by Diagram Ventures, a venture studio and investment group. The C$3 million investment will be used to accelerate the growth of Obeo Biogas and enhance its ability to provide sustainable and cost-effective biogas solutions to dairy farms across North America.
Obeo Biogas is dedicated to helping dairy farms become more sustainable by providing renewable energy solutions from manure. With Diagram Ventures’ support, Obeo Biogas will be able to expand its operations and continue to innovate in the field of biogas systems for farms. In addition, Obeo Biogas has signed a strategic partnership with Valmetal, a company specializing in agricultural equipment design, manufacturing, and distribution, to further enhance its service offerings.
“We are thrilled to have Diagram Ventures as our lead investors in this funding round, given their impressive track record of launching 18 successful startups across diverse industries,” remarked Renaud Lavoie, CEO of Obeo Biogas. “In addition, we are fortunate to have Valmetal as a strategic partner, with over four decades of experience in delivering cutting-edge equipment for manure and feeding. With these two strong partners by our side, Obeo Biogas is perfectly positioned to develop and operate biogas plants on farms.”
Francois Lafortune, CEO of Diagram Ventures, added, “We are excited to support Obeo Biogas’s growth and help them achieve their mission of creating a more sustainable future for the farming industry. Obeo Biogas’s biogas systems are specifically designed for the farming industry, helping farmers reduce their emissions footprint and improve efficiency.”
With this latest investment, Obeo Biogas is well-positioned to expand its reach and provide even more farms with sustainable energy solutions. The company is committed to its mission of creating a more sustainable future for farms, and with the support of strategic investors, it is poised for even greater success in the coming years.
About Diagram:
Diagram Ventures is a venture builder that conceives and launches technology companies in the financial services, climate, and web3 industries. Working alongside world-class founders, Diagram combines access to capital, hands-on support, and a deep ecosystem of partners into a unique platform to launch and scale a business. Since 2016, Diagram has raised over $200M and launched 18 ventures, generating more than $1.5B in shareholder value and employing over 1,350 full-time employees. To learn more about Diagram, visit diagram.ca.
About Valmetal:
Valmetal designs and manufactures equipment and systems to optimize feeding and manure management along with wastewater treatment on farms of all sizes. The equipment and automated solutions it offers aim to simplify the lives of farmers and dairy producers around the world and enable them to increase their productivity. For more information visit valmetal.com
About Obeo:
Obeo Biogas is a biogas developer specializing in the design, construction, and operation of biogas systems specifically tailored for dairy farms. Our core mission is to convert organic waste, specifically manure, into renewable energy, sanitized bedding, and nutrient-rich fertilizer through anaerobic digestion.
At Obeo Biogas, we strive to be at the forefront of innovation and technology, constantly researching and developing new ways to optimize biogas systems for the dairy industry. Our goal is to create a more sustainable and environmentally conscious future for all. For more information visit obeobiogas.com
Contacts
pr@obeobiogas.com