Relocalize raised $5.8 million in an oversubscribed seed round led by Desjardins Capital to scale up its autonomous microfactory platform.
May 15, 2024•over 1 year ago
Amount Raised
$5.8 Million
Round Type
seed
Investors
Rgs IceWaterpoint LaneI4 CapitalDesjardins Capital
Description
Relocalize announced the 2nd closing of its $5.8 million seed funding round. The investment will be used to accelerate the development and deployment of Relocalize's technology platform and deploy full-scale microfactories in Canada and the United States.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers