EnerTech Capital leads new financing of Markwater Handling Systems
Energy and power-focused venture capital firm EnerTech Capital has led an new investment in Markwater Handling Systems Ltd. 32 Degrees Capital, which has previously invested in the company, and Export Development Canada joined EnerTech in the deal, whose value was undisclosed. Based in Calgary, Markwater is focused on the treatment and recovery of oil based drilling muds through its subsidiary FP Marangoni. Founded in 2010, the company has raised more than $27 million in funding to date. EnerTech, which has offices in Toronto, Calgary, Montréal, Philadelphia and Menlo Park, is currently investing from its fourth fund, closed in 2013.
30 May 2014•3 mins read
