Provision Analytics

Provision Analytics in its Seed Financing Round of $1.5 million

Client

Provision Analytics

Value

$1.5 million

Service

Emerging and High Growth Companies

Date Closed

April 2020

Lead Office

Calgary

 

On April 14, 2020, Provision Analytics Inc., completed its $1.5 million Convertible Debenture Financing. The round of funding was led by Builders VC and supported by TrustBIX as well as other private investors. Concurrently, Provision received a grant of $1.7 million in funding from Protein Industries Canada. Provision will use the funding to build out its digital tool for food safety and traceability.

Provision Analytics is a Calgary-based food safety data startup specializing in their OneTrace platform, intended to modernize the way data are collected, aggregated and processed in the food supply chain.

Osler, Hoskin & Harcourt LLP advised Provision in connection with its Convertible Debenture Financing with a team consisting of Robert Lehodey, QC, Jacob Young and Lindsay Hofer (Corporate).