Natural Products Canada has signed up a prospective anchor investor for its newly formed corporate venturing fund, which has a $39.5m target for its close.
Canada-based biotechnology product maker Natural Products Canada (NPC) plans to raise C$50m ($39.5m) for a cleantech corporate venturing fund called NPC Ventures. The company has secured a non-binding term sheet with an undisclosed anchor investor for the vehicle, which will invest in producers of natural alternatives to synthetic products such as plastics and preservatives. NPC Ventures aims…
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