Saskatoon Tech Startup Environmental Material Science Inc. (EMS) Secures $1.6M Funding Round from SK Investors
December 08, 2022
Environmental Material Science Inc. (ems-inc.ca) (“EMS”) is proud to announce that they have closed their first fundraising round, securing investment of more than $1.6M lead by PIC Investment Group, with additional investment from Startup TNT (as the winner of the 2022 Cleantech Investment Summit), Golden Opportunities Fund Inc., and WTC Investments LP, alongside founders.
Contaminated soil represents trillions in liability for companies around the globe. EMS has developed ground-breaking technology that assists in soil contamination monitoring and remediation that saves significant time and money, reducing the remediation carbon footprint by 99% and enabling best-in-class ESG reporting. Through the combination of a proprietary tool suite and the power of AI, EMS has created the worlds leading soil remediation technology that monitors, analyzes, and solves the most complex soil contamination environments. For the first time, customers can evaluate the status of their sites in real-time providing decision-makers unparalleled tools to optimize soil clean-up strategies and empower timely data-backed decisions.
This investment will launch EMS into a 36-month growth strategy.
“Closing our first financing round is a significant milestone in EMSʼs journey and has positioned our company to become a global leader in soil analytics”, said Steve Siciliano, CEO of EMS. “With the collective expertise, experience, and support from PIC and Golden Opportunities Fund, we are excited for what the future holds for our company and for how we will play a role in creating a more sustainable planet. We want to thank all our investors who participated in this round for their belief in our vision and trust in our growing team. We look forward to an exciting 2023 and introducing more customers to a sustainable path forward towards managing their environmental footprint.”
“PIC was pleased to lead this investment opportunity on behalf of the investor group”, said Greg Yuel, President and CEO of PIC. “What attracted us to EMS was the expertise and capabilities of Steve and his team. His customer list was impressive with Federated Co- operatives Ltd. playing an instrumental role in the development of EMS. We are looking forward to future agricultural development opportunities for EMS.”
“The EMS raise is emblematic of more to come in the Prairies,” said Zack Storms, Co-Founder of Startup TNT . “After winning the 2022 Cleantech Investment Summit, our team has been happy to work closely with other local investors, including lead investor PIC Investment Group and Sask-based Golden Opportunities Fund to put together a deal that enables Prairie investors to provide the capital required to turn this world-leading technology into a market-leading product.”
About EMS:
Environmental Material Science Inc. (ems-inc.ca) is a Saskatoon-based company that combines cutting-edge technology with 15 years of proven research to deliver a suite of technologies focused on the management, monitoring and cleanup of contaminated sites.
About PIC Investment Group:
PIC Investment Group is a family office founded over 46 years ago, based in Saskatoon. It owns 8 operating companies in several business silos, including: chemical distribution; niche transportation (in trucking and aviation); real estate; insurance; and tourism. Through its minority investment portfolio, PIC also provides funding and support to 25 companies that complement our operating companies, or are in the agriculture or health sectors.
About Startup TNT:
Startup TNT is a community of entrepreneurs, scientists, investors, innovators, and startup supporters that gathers every week to have fun, share stories, and build great companies. Twice a year, Startup TNT holds a Summit to celebrate the Prairie startup community and invest in local entrepreneurs in Alberta and Saskatchewan. We also run sector-specific Summits such as this one to raise money and awareness for specific industries making an impact on the Canadian economy.
About Golden Opportunities Fund Inc.:
Founded more than 20 years ago Golden Opportunities Fund is the first and longest standing Retail Venture Capital (RVC) fund in Saskatchewan. Golden makes investments in high growth sectors of the economy to maximize shareholder value.
About WTC Investments LP:
WTC Investments LP is comprised of a group of angel investors affiliated with the World Trade Centre – Saskatoon. These individuals bring expertise from a variety of industry sectors to the companies in which they invest.