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Synopsis
Astanor, a venture capital firm, and Cibus Capital, an investment firm, led a Series B funding round in 4AG Robotics, a technology company that develops and deploys autonomous mushroom harvesting robots, for CAD40m, with participation from Voyager Capital, InBC, Emmertech, BDC Industrial Innovation Fund, Jim Richardson Family Office, Stray Dog Capital and Seraph Group. “This funding helps us leap from a start-up proving our product works to a scale-up manufacturer trying to keep pace with demand. In just two and a half years, we’ve gone from asking farms to trial our technology to having deposits for over 40 additional robots. As one of the first companies to fully automate the human hand in produce harvesting, we’re ushering in a new era for mushroom farming,” Sean O’Connor, 4AG Robotics CEO.
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