Impact Enterprise Fund invests in CertusBio (NBR)

Christchurch food processing optimisation firm CertusBio has raised $4.6 million to put towards global expansion in an investment round led by Pacific Channel. Currently focused on the dairy market, including a recent trial with Fonterra, the company offers biosensor technology to food producers, improves production efficiencies and reduces the cost of treating wastewater.

Chief executive Matthew Jones said the investment round, which followed an earlier raise of $1.5m, provided the company with a significant opportunity to expand into North America.

Other investors in the round include Lincoln Agritech (the original founders of the technology), Impact Enterprise Fund, NZ Growth Capital Partners through its Aspire NZ Seed Fund, and a group of existing investors. (nbr.co.nz)