Avrio, Anges Québec, Desjardins-Innovatech invest in Intelia
Québec-based Intelia Inc., an agricultural technology company, has received an undisclosed round of financing from Canadian venture capital firm Avrio Capital, members of Anges Québec and Desjardins-Innovatech. Intelia’s CEO Dominic Désy says the funding will allow the company break into the market of agricultural data analytics.
“Thanks to this injection of funds and our excellent contacts, the doors to the international markets are open for us,” says Désy.
Avrio Capital’s managing director and co-founder, Aki Georgacacos, says the firm is delighted to join forces with Intelia. Georgacacos says livestock digitization is the new frontier in terms of precision agriculture. “No one is better position to take advantage of it than Intelia, the leader in the field,” he says.
This investment marks Avrio’s second investment in Intelia, who netted $300 thousand from Avrio back in May this year.
“I’m confident that this new investment will help it rise to a whole new level,” adds Anges Québec member and Intelia president Claude Lafleur.
Since focusing on agriculture in 2013, Intelia has been hard at work revolutionizing poultry, hog, and dairy farming with the creation of ultra-high performance environmental control, data capture, and data processing tools. Its systems use advanced algorithms to help farmers optimize their operations and keep their livestock healthy.
Avrio Capital Inc. is a member of the Canadian Venture Capital and Private Equity Association.