# Evanesce closes CAD 10.1 million Series B funding round

Evanesce Packaging Solutions Inc. closed an oversubscribed CAD 10.1 million Series B funding round. Proceeds will be used to increase manufacturing capacity, purchase new equipment, and expand operations in North America.

- Type: Investment
- Announced: 2021-11-10
- Where: Canada
- Value: $8.00M (10.1M CAD)
- Status: announced
- Products: compostable food containers, molded starch packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Evanesce Packaging Solutions](https://endata.com/companies/8510.md)
- [Billy Goat Brands](https://endata.com/companies/8511.md) (investor)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/11/10/2332119/0/en/billy-goat-brands-investee-evanesce-closes-oversubscribed-10-1-million-series-b-funding-round.html), 2021-11-10: "Evanesce has closed an oversubscribed CAD 10.1 million Series B funding round."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.