Second Closet Secures CAD$20M in Equity Financing
– Second Closet is a self-storage company based in Toronto, Canada.
– Company raised CAD$20m in equity funding.
– The round was led by Whitecap Venture Partners alongside new investor Intact Ventures with participation from MIG, Michael Hyatt, and Cowie Capital Partners.
– The new investment will be used to accelerate its B2B market development, expand its product development team, round out its leadership through new executive hires, and grow the team in other parts of the business.
Pili Raises €4M in Funding
– Pili is a Toulouse, France-based startup that came out of the IndieBio program and makes sustainable pigments and dies.
– The company raised €4m in funding.
– Backers in the round included Elaia, SOSV and additional investors.
– The company intends to use the funds to help scaling up the production of biobased pigments and testing them in industrial ink and paint formulations.
