Ostara Nutrient Recovery Technologies Inc. has raised addition bridge funding.
Vancouver based Ostara Nutrient Recovery Technologies raised US $[mepr-active rule=”374″ ifallowed=”hide”]★Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! ★[/mepr-active][mepr-active rule=”374″]2.54 million or CDN $3.199 million in convertible subordinated promissory notes from Wheatsheaf Investments (UK), VantagePoint Capital Partners (US), and two US investors. The notes are convertible into Series 4 preferred shares. The company has raised CDN $7.321 million in two tranche of bridge financing. Fasken Martineau DuMoulin LLP acts as Ostara’s legal counsel. Ostara has raised CDN $23.65 million since 2015 from investors that also include UK’s Frog Capital.[/mepr-active]
Ostara Nutrient Recovery Technologies Inc. helps protect precious water resources by changing the way cities around the world manage nutrients in water streams, and by producing a fertilizer that significantly reduces the risk of leaching and runoff further protecting local waterways from nutrient rich water.
Ostara Nutrient Recovery Technologies operates multiple facilities throughout North America and Europe and opened the world’s largest nutrient recovery facility in partnership with the Metropolitan Water Reclamation District (MWRD) of Greater Chicago in Spring 2016.
photo credit: Ostara Nutrient Recovery Technologies