Joliette, Québec-based Intelia Inc, an agricultural technology company, has received undisclosed financing. Canadian venture capital firm Avrio Capital, which announced its investment in May, partnered with Anges Québec and Desjardins-Innovatech in the round. Since 2013, Intelia has focused on designing, making and distributing a line of control systems and data analytics services for livestock farming. The company plans to use the funds raised to target opportunities in the global agricultural data analytics market. Intelia is led by CEO Dominic Désy and President Claude Lafleur, an Anges Québec member.
Major investment at Intelia
Montreal, August 15, 2016 – Avrio Capital, Anges Québec members and Desjardins-Innovatech are making a massive investment in Intelia, a Lanaudière-based company that designs cutting-edge tech solutions for the agriculture industry.
“It’s a great day for Intelia”, declared triumphantly Dominic Désy, CEO of Intelia, who will be using the funds to target 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,” he added, clearly relishing this vote of confidence from three leading financial partners.
“We’re delighted to join forces with Intelia to break into the farm data analysis market,” said Aki Georgacacos, Avrio Capital managing director and co-founder. According to him, livestock digitization is the new frontier in terms of precision agriculture, and no one is better positioned to take advantage of it than Intelia, the leader in the field.
He’ll get no argument from Anges Québec member and Intelia president Claude Lafleur. “Intelia is built on a solid foundation,” said Lafleur. “I’m confident that this new investment will help it rise to a whole new level.”
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. “Our systems use advanced algorithms to help the farmers optimize their operations and keep their livestock healthy,” explained Désy.
Intelia is the leader in innovative high-tech solutions for livestock farming. It provides comprehensive solutions in environmental control, production data capture and management, and decision-making.
About Avrio Capital Inc.
The Avrio group was created in 2002 in order to identify and invest in innovating agrifood companies that offer solutions for the global challenges in the areas of health, welfare and sustainable development.
About Desjardins – Innovatech
Desjardins – Innovatech is an investment fund with the mission of promoting and supporting risk capital financing for Quebec companies operating in the area of technological or industrial innovation development, focusing on Quebec ownership and the creation of the jewels of tomorrow. (www.desjardins-innovatech.com)
Une version française est disponible au http://www.angesquebec.com/fr/nouvelles
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Photo courtesy of Reuters/Joshua Roberts