Guelph, ON – June 29, 2017
GreenSky Capital Inc. (“GreenSky”) is happy to announce that Mirexus Biotechnologies Inc. (“Mirexus”) has closed a $12 million investment round. Mirexus is a safe and natural nanomaterials company based in Guelph, Ontario that is commercializing PhytoSpherixTM, a novel technology based on polysaccharide nanoparticles that can be used in a wide variety of markets ranging from cosmetics and nutraceuticals to applications in human health. The funds will be used to finance a factory to produce PhytoSpherixTM, and to fund at least three years of operations as the company grows.
GEL Tech (Canada), Inc., a subsidiary of Barbados-based Goddard Enterprises Ltd. (Goddard), is leading the investment round. The investment syndicate also includes members of the GreenSky President’s Club, an Ontario-based network of high-net worth active angel investors. GreenSky, a registered Ontario exempt market dealer, brokered the transaction, as it has previous rounds of Mirexus fundraising.
Dr. Phil Whiting, President and CEO of Mirexus said, “As revenue grows, we believe the best path forward is to produce PhytoSpherix™ in our own factory here in Ontario – for sale around the world. This will allow us to produce high quality material under exacting manufacturing standards as we meet the needs of our growing customer base. We will build a first-of-a-kind plant using our own proprietary process that only uses water and energy to extract this natural nanomaterial from Ontario sweet corn. This facility keeps us right here in Guelph – close to abundant agricultural lands and the University of Guelph, where this technology was first developed. ”
The facility will be built on land that the company has committed to purchase from the City of Guelph. In addition to the factory, the proceeds of the capital will be used to boost business development, particularly in the Personal Care market, and increase R&D to develop new personal care, nutraceutical, and biomedical applications.
Said Goddard President and CEO, Anthony Ali, “We are extremely excited about our involvement in a ground-breaking technology. We have watched the progress made by the Mirexus team over the past two and a half years, and we believe that the factory is the next logical step to support the growth of the organization.”
About Mirexus Biotechnologies Inc.
Mirexus Inc. is a safe and natural biomaterials company based in Guelph, Ontario that is commercializing a novel nanotechnology based on polysaccharide nanoparticles that can be used in a wide variety of markets ranging from cosmetics to nutraceuticals to biomedical applications in animal and human health. This technology was originally developed at the University of Guelph in the laboratories of Professor John Dutcher. www.mirexusbiotech.com
About Goddard Enterprises Inc.
Goddard Enterprises Limited (GEL) is a publicly traded Barbadian company, listed on the Barbados Stock Exchange, with a varied business portfolio that encompasses interests in the Caribbean as well as Central and South America.
GEL’s subsidiary companies are found in: airline catering, industrial and restaurant catering, meat processing, bakery operations, automobile retail and automotive parts, real estate, the manufacture of aerosols and liquid detergents, investments, rum distilling, general trading, packaging, fish and shrimp processing, property rentals, general insurance, financing as well as shipping agents and stevedoring.
The Group includes both subsidiaries, that are wholly owned or in which GEL has a majority shareholding, and associated companies. GEL has not less than a 51% stake in those firms in which it has a majority share, while it holds 20 % to 50% of the associated companies.
The main divisions of business in which GEL is involved are catering, manufacturing, services, finance and import distribution. www.goddardenterprisesltd.com
About GreenSky Capital
GreenSky Capital Inc. is an award winning Toronto-based firm that provides merchant bank and corporate financial advisory services to small and medium sized technology firms. GreenSky looks for long-term partnerships with high growth potential companies and dedicated entrepreneurs. GreenSky principals bring a unique combination of experience in technology, law and finance into a real-world context. www.greenskycapital.com