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Agtech startup Crush Dynamics inks C$3.2m seed 2 round

Crush Dynamics, a Summerland, British Columbia-based agriculture technology startup, has raised C$3.6 million in seed 2 financing.

Crush Dynamics, a Summerland, British Columbia-based agriculture technology startup, has raised C$3.6 million in seed 2 financing. The round was backed by new investors Western Universities Technology Innovation Fund, Women’s Equity Lab, Lumia Capital and AgFood Opportunities Fund, as well as existing investor Turnham Green Capital. Crush converts grape derivative material into healthy foods.

PRESS RELEASE

[April 25, 2022 – Summerland, Canada] – Crush Dynamics Inc. (CrushDynamics), formerly Winecrush Technology Inc, a leader in upcycling agricultural side streams into healthy, nutritional food ingredients, has raised $3.6 million in Seed 2 financing.

CrushDynamics welcomed funding from a host of new investors including Western Universities Technology Innovation Fund (WUTIF), Women’s Equity Lab (WEL), Lumia Capital, and the AgFood Opportunities Fund based in Melbourne Australia, joined by existing investor Turnham Green Capital.

Through natural, proprietary fermentation technology, CrushDynamics produces high-performance food ingredients rich in polyphenolic substances including flavonoids, such as quercetin, and non-flavonoids.

CrushDynamics has developed an innovative list of ingredients that enhance plant-based protein formulations. Benefits from these ingredients include a reduction in sodium by as much as 80% and extended shelf-life by up to 60%, all while improving taste and texture.
“This is a critical milestone for our company. We have validated our patent-pending biomechanical process and are shifting our focus to scale up,” said Kirk Moir, CEO of CrushDynamics.

About CrushDynamics
Founded in 2016, CrushDynamics is an innovative agritech corporation in British Columbia, Canada. By partnering with wineries and investing in research and development, CrushDynamics is producing high-performance food ingredients to meet the growing global demand for food that is Better for People, Better for the Planet. Website: https://www.crushdynamics.com/