Led · Debt Financing · Feb 2025

Aymium produces high‑purity, carbon‑negative biocarbon and biohydrogen via a non‑combustion process that converts sustainably sourced waste biomass. Its products are engineered to drop in for fossil coal without plant modifications and are powered by self‑generated renewable energy. The company’s technology is protected by more than 600 issued and pending patents. Aymium operates and is constructing multiple production facilities in North America and is headquartered in Minnesota. Current investors include Sandton Capital, Steel Dynamics, Rio Tinto, Nippon Steel Trading and Hokuriku Electric Power Company. The company recently completed a five‑year financing that refinanced existing debt and added liquidity to accelerate growth and development of new biocarbon and biohydrogen facilities. Aymium produces renewable biocarbon and biohydrogen products made from sustainably sourced biomass, primarily recovered and unusable wood. Its products are designed to replace emission-heavy fossil fuels such as coal and coke in metals production, energy, crop applications, and in the purification of water and air without modifications to existing equipment or processes. The company’s bioproducts are renewable and carbon-negative. Aymium is led by CEO James Mennell and its technology is supported by more than 500 issued or pending patents globally. The company closed a $50M debt financing and intends to use the proceeds to support continued capacity growth, research and development, and the expansion of its patent portfolio. Aymium manufactures high-purity biocarbon and biohydrogen using a patented, non-combustion integrated thermolysis process that converts sustainably sourced biomass into carbon-negative inputs. Its products are engineered to replace coal or coke in steel and metals production with no plant modifications. The company holds more than 250 issued and pending patents globally and operates the largest advanced biocarbon production facility in North America near Marquette, Michigan. Aymium is headquartered in Minnesota and produces bioproducts that recover and recycle water and are powered by self-generated renewable energy. The firm is expanding capacity with new facilities planned in Williams, California and the Pacific Northwest, projected to be operational in 2023 and employ over 125 people combined. Production from those plants is contracted through 2037 and is projected to reduce over 1.4 million tons of CO2 per year.

Participated · Equity · Aug 2018

Canvass Analytics provides an industrial AI software platform used by operators in oil & gas, chemical and petrochemical, metals and mining, and energy sectors. The platform helps frontline teams solve day-to-day operational problems such as reducing carbon emissions and waste, improving yields, and optimizing facility operations. The company is led by CEO Humera Malik and is based in Toronto, Ontario, Canada. Canvass intends to use the new funding to expand operations and broaden its business reach. The article does not disclose revenue or user metrics. Canvass Analytics offers a no-code industrial AI platform that simplifies building, training, and scaling applied AI for plant operators. Its patent-pending technology puts AI directly in operators' hands to enable predictive, data-driven improvements in production processes and asset optimization. Customers include Fortune Global 2000 companies, leading manufacturing and energy firms, system integrators, and partners such as Microsoft and OSIsoft. The company says its platform helps optimize production, generate new revenue streams, and reduce energy and operating costs. Canvass plans to use new capital to aggressively expand go-to-market efforts, accelerate product development, and support a growing customer base across North America, Europe, and the Asia Pacific. Prior investors include Alphabet’s Gradient Ventures. Canvass Analytics offers an AI-based predictive analytics platform that works with IoT hardware to automatically identify inefficiencies in industrial operations, prevent equipment malfunctions, save energy and increase production. The company serves customers across automotive, aerospace, food and agriculture, energy, and metals and mining, and says it has helped manufacturers cut greenhouse gas emissions by tens of millions of pounds and helped an agricultural processor optimize fermentation end times. Founded in 2016 and based in Toronto, Canvass plans to use new capital to pursue “aggressive sales growth” by expanding account and technical sales teams in North America, the European Union and Asia. The stated goal is to sign up more Fortune 500 companies. Financially, Canvass announced a $5 million funding round led by Gradient Ventures, bringing total capital raised to $7.5 million. Investors in the round include Bedrock Industries, Viaduct Ventures and returning backers Real Ventures and Barney Pell.