Obeo Biogas, a leading provider of innovative biogas solutions for dairy farms, has announced the completion of its seed investment round led by Diagram Ventures, a venture studio and investment group.
The C$3 million (€2m) 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 said it is dedicated to helping dairy farms become more sustainable by providing renewable energy solutions from manure.
With Diagram Ventures' support, it added it 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 specialising 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."
With this latest investment, Obeo Biogas said it is well-positioned to expand its reach and provide even more farms with sustainable energy solutions.
Obeo Biogas closes $3 million seed funding round
