Halifax’s Milk Moovement, which makes supply chain management software for the dairy industry, has raised a US$20 million or C$26 million round of Series A funding as it looks to expand its product development team.
The round, led by San Francisco-based specialist venture capital firm VMG Catalyst, is one of the largest funding raises so far this year in Atlantic Canada, topped only by deals from Mara Renewables and Meta Materials Inc., both Dartmouth companies.
Chief executive Robert Forsythe said in an interview that Milk Moovement’s latest investors are all American, reflecting his