Catalyst Centre News
Mirexus Biotechnologies Raises Seed Capital through GreenSky Capital
Toronto, ON, March 12, 2014– Mirexus Biotechnologies Inc., inventors of PhytospherixTM, the world’s first edible, organic, monodisperse nanomaterial, is pleased to announce the closing of $350,000 in financing through GreenSky Capital Inc.
CEO Phil Whiting: “These funds will be used for two purposes. First, to pursue our initial target markets—personal care and nutraceuticals. Second, to continue our R&D on Phytospherix’s applications in these industries, as well as in health care including pharmaceuticals.”
Mirexus presented to the GreenSky President’s Club (“GPC”) on February 12, just one month before closing. The GPC (http://www.greenskycapital.com/gpc/) is a group of committed early stage investors participating both financially and as mentors; its deals are sourced, vetted and managed by GreenSky.
“We look forward to continuing our relationship with GreenSky as we build a first class organization,” continued Whiting, “Phytospherix has the potential to dramatically improve many products, while simultaneously decreasing costs. With today’s raise, we have resources to focus our efforts on commercializing this special product.”
About Mirexus Inc.
Mirexus Inc. is commercializing a novel “green” technology based on polysaccharide sub-micron particles that can be used in a wide variety of applications, ranging from cosmetics to foods to architectural coatings to drug delivery in medicine. This technology was originally developed at the University of Guelph in the laboratories of Professor John Dutcher with financial support from the Ontario Centres of Excellence (OCE), the Advanced Foods and Materials Network (AFMNet), and the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA). www.mirexus.com
About GreenSky Capital Inc.
GreenSky Capital is a boutique corporate finance advisory firm based in Toronto, delivering customized financial solutions to small and medium sized businesses. GreenSky mandates are long-term partnerships with high growth potential companies and dedicated entrepreneurs where GreenSky supports the execution of strategic transitional events. GreenSky principals bring together a unique combination of experience in operations, investment banking and private equity. As an operator’s investment bank, GreenSky has the ability to bring extensive capital markets experience into a real-world context. GreenSky is focused on business and relationship building as well as the ultimate transaction. See www.greenskycapital.com