Ancoris Capital Partners Advises Airex Energy on a Series D Equity Financing

Ancoris Capital Partners acted as the exclusive financial advisor to Airex Energy (“Airex”) on its Series D funding round. This equity funding was led by SUEZ, a France-based leader in circular solutions for the water and waste sectors. In addition to SUEZ, Cycle Capital, Fonds de Solidarite FTQ and Investissement Quebec also invested in the transaction.

With this strategic funding, Airex Energy is well positioned to accelerate its ambitious growth projects with major initiatives planned in Quebec / Canada and Europe.

“Airex is pleased to have worked with Ancoris Capital Partners on this important and strategic financing. The Ancoris team provided thoughtful and expert guidance which was instrumental in achieving this successful outcome. It has been fantastic to have Ancoris by our side on the Airex journey.”

– Michel Gagnon, Chief Executive Officer of Airex Energy

Airex Energy is an innovative leader developing and providing world-class decarbonization solutions capable of significantly reducing GHG emissions. With its proprietary CarbonFX™ technology, Airex Energy transforms biomass into high-value ecological products such as biochar, biocarbon, and biocoal. Since 2016, the company has operated the first and only industrial biocoal production plant in Canada and now exports its solutions globally, including to the United States, Europe, and Asia. In 2023, the company and its partners Groupe Rémabec and SUEZ have also announced plans to build Canada’s first biochar plant.


About Airex

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About SUEZ

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About Cycle Capital

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About FSTQ

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About Invetissement Quebec

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