Agrisoma Biosciences Inc. yesterday announced the close of a $15.4 million Series B financing round. The Gatineau, Quebec company is the global leader in the development and commercialization of Carinata, a non-food oilseed crop designed for sustainable production of biofuels.

The round was co-led by new investor Groupe Lune Rouge, the investment vehicle of Guy Laliberté, founder of Cirque du Soleil, as well as Cycle Capital Management and BDC Capital, which both invested previously in the company’s Series A in 2014.

With this latest round, Lune Rouge CFO Catherine Vu has joined the board. Led by President and CEO Steven Fabijanski, Agrisoma will use the Series B funds raised for global expansion.

“This funding is enabling us to further the expansion of our business to international markets for our sustainable crop Carinata,” Fabijanski said in a press release. “The Series B funding was used to develop and execute our new commercial programs in South America, as well as to initiate deliveries of commercial scale volumes of Carinata feedstock to new customers around the world.”

Portfolio company @Agrisoma_ Announces the Close of its Series B Round and Commercial Progress https://t.co/tNKpKJ79nX pic.twitter.com/cMypdKk70T

— CycleCapital (@CycleCapitalVC) April 11, 2017

Agrisoma is expanding the production Carinata globally to provide a supply of sustainable, nonfood oils for meeting the demand for sustainable biofuels, with a strong emphasis on the growing demand for advanced biofuels.

“Agrisoma represents the future of the aviation industry. By growing Carinata and producing oil for bio jet fuel, it demonstrates how a technology-based company can have a global impact by reducing GHG emissions in an industry known for its significant carbon footprint. Cycle Capital is very proud to be part of this green revolution,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital Management.

Catherine Vu, who has joined the Board of Directors at Agrisoma concurrent with the closing, has spent most of her career at Cirque du Soleil in Corporate Finance and Investments. She will bring her expertise in financing, operations and management of global business. “We are very proud to be associated with Agrisoma and to contribute to the development of the company. Agrisoma brings a sustainable solution to renewable energy and climate change. We are thrilled to become part of this,” said Vu.