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Jay-Z invests $5M in Kelowna-based company

Pela is a Kelowna-based company that makes the world香蕉视频直播檚 first compostable phone case
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Jay-Z is officially business partners with Kelowna-based Pela (photo courtesy Jay-Z Facebook page)

JAY-Z and other investors with Marcy Venture Partners are betting on a Kelowna-based company.

The group, along with Kensington Capital, announced a $5-million investment to help fund the growth of Pela, the world香蕉视频直播檚 first compostable smartphone case.

The company was founded in 2010, when Jeremy Lang was struck by all the small pieces of plastic washing up on the beach.

Production began in Saskatchewan, then headquarters moved to Kelowna as business expanded.

Pela香蕉视频直播檚 flagship flax oilseed material is still produced in Saskatchewan.

香蕉视频直播淲e香蕉视频直播檒l be adding 15 job opportunities to our Kelowna team with the investment,香蕉视频直播 said Pela spokesperson Catie St. Jacques.

香蕉视频直播淲e香蕉视频直播檙e really grateful for the funding with MVP and to expand and grow with that investment. We香蕉视频直播檙e looking forward to getting more retailers.香蕉视频直播

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Target is among the retailers set to carry the iPhone and Android Pixel cases, with distribution to stores across the United States starting Oct. 20.

To learn more about the company, you can



connor.trembley@kelownacapnews.com

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