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).


Team
Jacob Young
Key Contact

Jacob Young

Associate, Corporate

Robert Lehodey - Private Equity and VC Lawyer

Robert Lehodey, QC

Partner, Corporate

Lindsay has completed her first year of the JD program at the University of Calgary. While at law sc

Lindsay Hofer

Associate, Corporate