BDC, Chevron top up Inventys' Series C round to $21 mln

Inventys, a Vancouver-based carbon technology company, has raised about $6.6 million (US$5 million) from BDC’s cleantech practice as well as a follow-on investment from Chevron Technology Ventures. The investments add to the Series C financing raised by Inventys in 2018, bringing the total to about $21 million (US$16 million). The round’s first tranche was led by OGCI Climate Investments. The company said it is planning for a final close of about $28 million (US$21 million) before the end of June. The funds raised will help Inventys complete and commercialize a CO₂ capture demonstration plant project with Husky Energy Inc.