Obeo Biogas, a leading provider of innovative biogas solutions for dairy farms, has secured C$3 million (€2m) in its recent seed investment round. The funding was led by Diagram Ventures, a venture studio and investment group, and will be used to accelerate the growth of Obeo Biogas and enhance its ability to provide sustainable and cost-effective biogas solutions to dairy farms across North America.
Obeo Biogas is dedicated to helping dairy farms become more sustainable by providing renewable energy solutions from manure. Its aim is to reduce the environmental impact of dairy farming and create a more circular economy by converting waste into energy. With Diagram Ventures' support, Obeo Biogas will be able to expand its operations and continue to innovate in the field of biogas systems for farms.
In addition to the funding, Obeo Biogas has also signed a strategic partnership with Valmetal, a company specializing in agricultural equipment design, manufacturing, and distribution. This partnership will further enhance Obeo Biogas' service offerings and help the company develop and operate biogas plants on farms.
“We are thrilled to have Diagram Ventures as our lead investors in this funding round, given their impressive track record of launching 18 successful startups across diverse industries,” remarked Renaud Lavoie, CEO of Obeo Biogas. “In addition, we are fortunate to have Valmetal as a strategic partner, with over four decades of experience in delivering cutting-edge equipment for manure and feeding. With these two strong partners by our side, Obeo Biogas is perfectly positioned to expand our reach and provide even more farms with sustainable energy solutions.”
With this latest investment, Obeo Biogas is well-positioned to expand its reach and provide even more farms with sustainable energy solutions. The company's innovative approach to biogas solutions is helping to transform the dairy farming industry and create a more sustainable future for all.
