Waste-to-biofuels company Enerken raises C$50m ($47.6m) in new equity funding including from return backer Waste Management of Canada.
Enerkem, Canada-based waste-to-biofuels producer has raised C$50m ($47.6m) in new equity funding from Investissement Québec, a Government of Quebec public corporation, alongside existing investors Waste Management of Canada (a waste management and environmental services company, which is an affiliate of US-based company Waste Management), Rho Ventures (a venture capital division of private equity firm Rho Capital Partners), and venture capital firms Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, who each increased their investment.
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