Renaissance BioScience secures financing

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By Ted Liu

Renaissance BioScience Corp. has closed a new round of private financing.

Renaissance BioScience raised $[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″]780,000 from 7 BC investors. PI Financial Corp. and Canaccord Genuity Corp. acted as agents. Axium Law Corporation acted as legal counsel.[/mepr-active]

Vancouver based Renaissance BioScience Corp. develops proprietary yeast-based technology solutions for food and beverage manufacturers worldwide. Its products include commercially available yeast strains that prevent the formation of two separate and significant naturally occurring contaminants: acrylamide in carbohydrate-rich foods and coffee, and hydrogen sulfide in wine, beer and cider.

photo credit: Renaissance BioScience