Solegear Bioplastics, a Canada-based developer of bioplastic technologies, has raised an undisclosed amount of corporate venturing money from retailer Best Buy Capital.
The company previously raised an undisclosed amount in a series A round from venture capital firm Yaletown Venture Partners.
Paul Antoniadis, executive chairman of Solegear, which makes a non-toxic, bio-based and compostable bioplastic called Polysole, said: “This strategic commitment from Best Buy is real market-based validation of Solegear’s commercialization model.”