Emerging and High Growth Companies

SomaDetect in its $2.6 million financing round

SomaDetect Inc.
Key Contact
André Perey

Partner, Emerging and High Growth Companies, Toronto

Team
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto

Summer Danakas

Associate, Employment and Labour, Toronto

 

On August 12, 2019, SomaDetect Inc. completed its $2.6 million financing round that included investments from New Brunswick Innovation Foundation, the Western New York Impact Investment Fund, and New York Ventures. The startup will use the funds to expand as it works with dairy farmers and industry partners in North America to enhance and scale its technology using algorithms.

SomaDetect Inc. is a Fredericton, New Brunswick-based startup that has developed an in-line sensor which helps farmers measure key indicators of milk quality and health through deep learning algorithms and visualization software.

Osler, Hoskin & Harcourt LLP advised SomaDetect Inc. with a team consisting of André Perey, David Jamieson, Horatiu Porime (Emerging & High Growth Companies), Summer Danakas (Employment & Labour).

Value
$2.6 million
Date Closed
12 August 2019
Lead Office
Toronto
Key Contact
André Perey

Partner, Emerging and High Growth Companies, Toronto

Team
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto

Summer Danakas

Associate, Employment and Labour, Toronto