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 to complete its first close in autumn 2021 and its parent has hired Kristi Miller, founder and former national managing director of business finance provider…
