On October 11, 2019, Pela completed a $5 million Series A venture capital financing round led by Kensington Capital and Marcy Venture Partners. Pela will use the funds to expand its range of compostable phone cases.
Kensington Capital is a leading independent Canadian investor in alternative assets, with $1.5 billion in assets under management. Kensington Venture Capital invests in promising venture capital funds as well as direct investments in emerging technology companies.
Pela is a Kelowna BC-based company that makes compostable phone cases and has a goal of preventing one billion pounds of plastic from being made.
Osler, Hoskin & Harcourt LLP advised Kensington Venture Fund with a team led by Chad Bayne and consisting of Gary Marshall and Kosta Starostin (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Partner, Emerging and High Growth Companies, Toronto
