Avrio Capital

Avrio Capital Inc. is a venture capital and private equity investment firm based in Alberta, Canada, with additional offices in Ontario and Quebec. Established in 2006, the firm specializes in investing in commercialization to growth-stage companies, focusing on later-stage, early-stage, mid-venture, middle-market, and emerging growth businesses. Avrio Capital targets companies in sectors such as food technology, advanced agriculture, industrial bioproducts, and nutraceutical ingredients, particularly those addressing global challenges in health, wellness, and sustainability. The firm typically invests between CAD $1 million and CAD $10 million in companies with sales values ranging from CAD $1 million to CAD $20 million, reserving significant capital for future financing rounds. Avrio Capital takes an active role in its investments, aiming to support the long-term growth of its portfolio companies throughout their development.

Thomas Kaneb

Managing Director and Founder

27 past transactions

Hortau

Venture Round in 2019
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Enterra

Series B in 2018
Enterra Feed Corporation, based in Maple Ridge, Canada, focuses on the research, development, and production of renewable feed ingredients and organic fertilizers. The company utilizes a natural system that employs black soldier fly larvae to convert organic waste from various sources, including grocery stores and food manufacturers, into valuable products. Enterra provides whole dried larvae as a natural feed supplement suitable for a range of animals, including birds, fish, and reptiles. Additionally, it offers Enterra meal, a protein-rich powder for animal feed, and Enterra natural oil, a fat source that can be used in aquaculture and pet food. The company also produces organic fertilizers intended for local farmers and home gardening, promoting sustainable practices in food production. Founded in 2007, Enterra aims to enhance nutrient recovery from food waste while contributing to sustainable agriculture.

Sol Cuisine

Venture Round in 2018
Sol Cuisine Inc. is a Canadian company based in Mississauga, established in 1980, that specializes in the production of vegetarian, vegan, halal, gluten-free, and organic frozen and fresh meat alternatives. The company's product range includes items such as fattoush salad, various aioli sauces, vegan maki, vegan poutine, and savory morning swirls. Sol Cuisine aims to create high-quality, delicious foods using local and environmentally sustainable ingredients, providing consumers with nutritious and animal-friendly options that are designed to be superior to both meat-based products and other plant-based alternatives.

Hortau

Series D in 2018
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Fody

Series A in 2017
Fody Food Co. Inc. is a Canadian company that specializes in manufacturing dietary products designed for individuals with irritable bowel syndrome (IBS). Founded in 2016 and based in Montreal, Quebec, Fody offers a variety of gut-friendly foods, including sauces, salsas, dressings, seasonings, and snack bars, all formulated to be low in FODMAPs—carbohydrates that can trigger digestive issues in some people. The product lineup includes items like mild salsa, marinara sauce, BBQ sauce, dressings, and various snack bars, catering to the dietary needs of those seeking relief from IBS symptoms. Fody's products are available for purchase through its website and a network of retail partners, allowing consumers to improve their eating habits while enjoying flavorful options.

Phytelligence

Series B in 2017
Phytelligence, Inc. is an agricultural biotechnology company that specializes in growing and providing high-quality plants and innovative solutions for growers, nurseries, and horticultural experts. Founded in 2012 and based in Pullman, Washington, the company offers a range of tissue-cultured plantlets, including varieties of pear, apple, cherry, grape, and strawberry, all free from diseases, viruses, and pests. Phytelligence also provides custom genetic analysis services to evaluate the genetic similarities and differences among closely related plant samples. Its advanced propagation and quality control processes ensure that clients receive genetically confirmed plants that are healthy and ready for planting, ultimately enhancing productivity and quality in crop production.

FarmLead

Series A in 2017
FarmLead Resources Ltd. is a digital marketplace designed to enhance the buying and selling of grain, connecting farmers with verified buyers across North America. Founded in 2013 and based in Ottawa, Canada, the company operates in key agricultural regions including Alberta, Saskatchewan, Manitoba, and Ontario. Through its online platform and mobile application, FarmLead offers various services such as market research, grain testing, and price visibility, which help reduce brokerage fees and risks for farmers. The marketplace promotes efficiency, transparency, and equality within the grain industry, enabling farmers to negotiate better deals while allowing buyers to conveniently find the grain they need in their preferred locations.

Alasko Foods

Private Equity Round in 2016
Alasko Foods operates as a provider of frozen foods, serving a variety of sectors including hotels, industrial clients, and retail brands across North America. The company imports, prepares, and distributes over 80 million pounds of frozen fruits and vegetables annually, catering to both institutional and consumer markets. With a global supply network that encompasses over 60 agri-food producers in 20 countries, Alasko ensures that all facilities are federally inspected and adhere to H.A.C.C.P. program requirements. The company maintains a robust distribution network utilizing seven warehouses to optimize the efficiency and control of the cold chain, which is crucial for frozen food products. An internal quality assurance program monitors products continuously to uphold safety and quality standards. The Montreal facility is certified by the Canadian Food Inspection Agency and has received a GFTC gold rating, alongside organic certification from Ecocert Canada.

Intelia

Venture Round in 2016
Intelia Technologies Inc. is a contract manufacturing and design company based in Joliette, Canada, established in 1999. The company specializes in providing comprehensive electronics engineering and manufacturing services, focusing on custom electronic products such as control and automation systems, data acquisition devices, communication tools, and specialized sensors. Intelia also offers after-sales services, including system repairs and upgrades. In addition to its manufacturing capabilities, the company develops advanced software and AI algorithms aimed at the poultry industry, utilizing a web-based platform that collects and analyzes production data through various sensors. This system enables poultry producers to gain valuable insights, improve profitability, and identify patterns in their operations, thereby enhancing efficiency and decision-making. Intelia serves a diverse range of sectors, including water distribution, entertainment, agriculture, and health.

CheeCha Puffs

Private Equity Round in 2016
CheeCha Puffs is a Canadian snack brand that specializes in producing minimally processed, gluten-free, and low-calorie air-puffed snacks. The company uses natural ingredients such as potato, lime, caramel, sea salt, vinegar, and spiced pepper to create a variety of flavorful puffs. CheeCha Puffs aims to provide a healthier alternative to traditional greasy potato chips, offering consumers a tasty yet guilt-free snacking option at affordable prices. The brand has garnered popularity in Canada for its commitment to quality and flavor, appealing to health-conscious individuals looking for satisfying snack choices.

Hortau

Series C in 2016
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Hortau

Venture Round in 2014
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Enterra

Venture Round in 2014
Enterra Feed Corporation, based in Maple Ridge, Canada, focuses on the research, development, and production of renewable feed ingredients and organic fertilizers. The company utilizes a natural system that employs black soldier fly larvae to convert organic waste from various sources, including grocery stores and food manufacturers, into valuable products. Enterra provides whole dried larvae as a natural feed supplement suitable for a range of animals, including birds, fish, and reptiles. Additionally, it offers Enterra meal, a protein-rich powder for animal feed, and Enterra natural oil, a fat source that can be used in aquaculture and pet food. The company also produces organic fertilizers intended for local farmers and home gardening, promoting sustainable practices in food production. Founded in 2007, Enterra aims to enhance nutrient recovery from food waste while contributing to sustainable agriculture.

VoloAgri

Series B in 2013
VoloAgri is an ag-tech company based in the San Francisco Bay Area that specializes in plant breeding and genetics, specifically within the global vegetable seed industry. Founded in 2012, VoloAgri focuses on applying advanced hybrid breeding technologies to enhance agricultural outcomes and promote sustainable farming practices. The company is committed to non-GMO solutions and aims to improve both crop production and quality across all major vegetable species. Through its innovative approach, VoloAgri supports clients in achieving better agricultural results while contributing to the advancement of environmentally responsible cultivation methods.

SunSelect Produce

Venture Round in 2013
SunSelect Produce, Inc. is a prominent producer and marketer of greenhouse-grown vegetables, specializing in a variety of bell peppers, including red, orange, and yellow, as well as tomatoes and cucumbers. Established in 1985, the company is based in Aldergrove, Canada, and has been a significant player in the greenhouse industry in Western Canada for over 25 years. SunSelect operates two greenhouse facilities that encompass 70 acres of greenhouses and 135 acres of land in Aldergrove and Delta, British Columbia. With a strong reputation in the industry, the company is recognized as one of the largest producers of bell peppers in North America and is managed by a team that brings over 100 years of combined experience in greenhouse growing and management. Its products are primarily sold through retailers across North America.

VoloAgri

Series B in 2013
VoloAgri is an ag-tech company based in the San Francisco Bay Area that specializes in plant breeding and genetics, specifically within the global vegetable seed industry. Founded in 2012, VoloAgri focuses on applying advanced hybrid breeding technologies to enhance agricultural outcomes and promote sustainable farming practices. The company is committed to non-GMO solutions and aims to improve both crop production and quality across all major vegetable species. Through its innovative approach, VoloAgri supports clients in achieving better agricultural results while contributing to the advancement of environmentally responsible cultivation methods.

VoloAgri

Venture Round in 2013
VoloAgri is an ag-tech company based in the San Francisco Bay Area that specializes in plant breeding and genetics, specifically within the global vegetable seed industry. Founded in 2012, VoloAgri focuses on applying advanced hybrid breeding technologies to enhance agricultural outcomes and promote sustainable farming practices. The company is committed to non-GMO solutions and aims to improve both crop production and quality across all major vegetable species. Through its innovative approach, VoloAgri supports clients in achieving better agricultural results while contributing to the advancement of environmentally responsible cultivation methods.

Bare Snacks

Venture Round in 2013
Bare Snacks, originally known as Bare Fruit, was founded by Eric Strandberg and has been a prominent player in the healthy snack market for over a decade. The company specializes in baked crunchy fruit and vegetable chips, which are made from simple, high-quality ingredients. Known for being the leading apple chip brand in the United States, Bare Snacks focuses on providing gluten-free and non-GMO products that contain no preservatives or artificial ingredients. Its commitment to health and quality has contributed to its rapid growth as one of the fastest-growing healthy snack brands in the country since 2013.

Hortau

Venture Round in 2013
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.

Farmers Edge

Venture Round in 2012
Farmers Edge is an innovative company in the agricultural sector, specializing in digital agriculture services. It offers a comprehensive suite of digital agronomy solutions through its digital agronomy operations segment, which is sold in various subscription levels and billed annually per acre. The company utilizes a combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise to transform agricultural data into actionable insights, benefiting all stakeholders in the agricultural ecosystem. Additionally, Farmers Edge operates an e-commerce segment that sells agricultural products through online marketplaces. The majority of the company's revenue is derived from its digital agronomy operations, reflecting its commitment to enhancing farm efficiency and promoting sustainable food production in response to the needs of a growing global population.

Allylix

Venture Round in 2012
Allylix, Inc. is an early-stage biotechnology company based in San Diego, California, with research and development laboratories in Lexington, Kentucky. Founded in 2002, the company specializes in developing terpene products and their derivatives for various markets, including flavor and fragrance, food ingredients, pharmaceuticals, agriculture, and biofuels. Notable among its offerings is nootkatone, a grapefruit flavor used in beverages such as fruit juices and citrus-flavored sodas. Additionally, Allylix works on sesquiterpenes that contribute to the aroma chemical segment of the flavor and fragrance industry, as well as production platforms for the pharmaceutical and nutraceutical sectors.

Biopharmacopae

Venture Round in 2011
Biopharmacopae is a company specialized in the discovery and development of innovative, science-based, plant-derived products for the skin care, cosmeceuticals, nutraceutical, and nutrition industries.

Advitech

Venture Round in 2010
Advitech is a life science and technology company with the mission to discover and commercialize patented, scientifically supported natural health products. Effective and safe, these products target immune system disorders, such as psoriasis and inflammatory bowel disease. Advitech produces Dermylex (R) for the treatment of mild to moderate psoriasis. Advitech has developed a research program to develop new applications in the field of wound healing. This development program stems from the two technological platforms XP-828L and IM.

Advitech

Venture Round in 2009
Advitech is a life science and technology company with the mission to discover and commercialize patented, scientifically supported natural health products. Effective and safe, these products target immune system disorders, such as psoriasis and inflammatory bowel disease. Advitech produces Dermylex (R) for the treatment of mild to moderate psoriasis. Advitech has developed a research program to develop new applications in the field of wound healing. This development program stems from the two technological platforms XP-828L and IM.

Biopharmacopae

Series A in 2008
Biopharmacopae is a company specialized in the discovery and development of innovative, science-based, plant-derived products for the skin care, cosmeceuticals, nutraceutical, and nutrition industries.

Manitoba Harvest

Venture Round in 2001
Manitoba Harvest is the hemp food manufacturer and a leader in the natural foods industry. It produces, manufactures, markets and distributes a broad-based portfolio of hemp-based consumer products, which are sold in over 16,000 stores at major retailers across the U.S. and Canada.
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