Export Development Canada

– P&P Optica closed its Series B funding round.
– The round was led by Ag Capital Canada, with new investor Synovus Family Office as well as existing investors Fulcrum Global Capital, Export Development Canada and others.
– The financing will be used to accelerate implementation of PPO’s detection system in food processing plants across Canada and the US.
– The funding will be also used to expand development of the company’s advanced software and insights for the food processing industry.
– This includes artificial intelligence (AI) tools that enable processors to collect, view, and analyze detailed information about food composition and quality in real-time.

– Toronto-based Peak Power (Peak) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in Peak’s capital funding round.
– TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in Peak.
– TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments.
– Their contribution aligns with Peak’s commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities.