Emertec et al. commit further €2.4m to Lineazen

Around half of the total investment was provided by Capargo Innovation, a French venture capital fund established in April 2014 that targets the agriculture, food and biomass-related industries. The company has the backing of BPI France.

The funding round comes a year after the business raised €1.2m from Emertec and Forinvest.

The company will use the fresh funding to expand its network of partners to meet rising demand, and to boost its R&D efforts.

Company
Founded in 2010 and based in Amiens, France, Lineazen manufactures cross-laminated timber for construction. The company has a factory in Moselle and is headed up by Olivier Kracht.

People
Jean-Baptiste Cuisinier is co-founder and president of Capagro.

Advisers
Equity - Bignon-Lebray, Jacques Goyet, Edouard Waels (Legal).
Company - Chammas & Marcheteau, Denis Marcheteau, Arys Serdjanian (Legal).

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