Ecoation

Ecoation in its $5.4 million Seed financing by Pallasite Ventures

Client

Ecoation Innovative Solutions Inc. || Pallasite Ventures

Value

$5.4 million

Service

Emerging and High Growth Companies

Date Closed

Lead Office

Vancouver


On March 22, 2019, Ecoation announced that it raised $5.4 million in a significantly oversubscribed seed financing round. The financing was led by Dr. Barney Pell and Dr. Chris Bissonnette (Managing partner of Pallasite Ventures) and was followed by several entrepreneurs and investors. Funds will be used to launch commercial sales of products and services in North America and Europe with future plans to expand to Asia, the Middle East, North Africa, and Australia.

Ecoation provides an end to end crop management platform that detects pests, diseases, and deficiencies at the earliest stage.

Pallasite Ventures is a venture capital firm specializing in mezzanine and seed financing to high-growth companies across a variety of industries.

Osler, Hoskin & Harcourt LLP represented both Ecoation and Pallasite Ventures on the transaction. Ecoation’s team consisted of Mark Longo, Laura Webb and Adam Bosma (Emerging and High Growth Companies); and Pallasite Ventures’ team consisted of Justin Young and Jacques Du Plessis (Emerging and High Growth Companies).


Team
Mark Longo - Technology Lawyer

Mark Longo

Partner, Emerging and High Growth Companies

Justin D. Young

Justin D. Young

Partner, Emerging and High Growth Companies

Laura Webb

Laura Webb

Associate, Emerging and High Growth Companies

Jacques Du Plessis

Jacques Du Plessis

Associate, Emerging and High Growth Companies

Adam has completed his second year in the J.D. Program at the University of Victoria.

Adam Bosma

Articling Student