Chevron Technology Ventures

Chevron Technology Ventures and Piva Capital brings Malta's Series B round to more than $60m.

Vancouver-based carbon capture technology company Inventys has wrapped up its Series C financing, raising about $34 million (US$26 million). Inventys received an additional $13 million (US$10 million) from U.K.-based fund OGCI Climate Investments, which led the Series C's first tranche https://www.pehub.com/canada/2018/07/inventys-raises-initial-14-5-mln-of-planned-series-c-financing/ last year, and BDC Capital's clean technology practice, with existing investors Husky Energy Inc, Roda Group and Chevron Technology Ventures also contributing. The funds raised will allow Inventys to complete its 30-tonne-per-day CO₂ capture plant demonstration project with Husky, due to begin operations in Q3 2019. They will also support scale-up activities for the manufacturing of the company's filter beds and rotating adsorption machine.

Inventys, a Vancouver-based carbon technology company, has raised $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 $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 $21 million before the end of June.

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 https://admin.venturecapitaljournal.com/canada/2018/07/inventys-raises-initial-14-5-mln-of-planned-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.

Santa Clara, California-based Natron Energy, a developer of new battery products, has secured an undisclosed amount of funding. The investor was Chevron Technology Ventures.

Charlottesville, Virginia-based Mission Secure Inc, a control system cybersecurity company focused on energy, defense, and transportation, has raised an undisclosed amount of Series A financing. Energy Innovation Capital and Chevron Technology Ventures led the round.

Seattle-based Seeq Corp, a provider of industrial internet of things advanced analytics software, announced it has raised $23 million in Series B funding. Altira Group led the round with participation by Chevron Technology Ventures, next47, the Siemens-backed global venture firm, Second Avenue Partners and other existing investors. As part of the round, J.P. Bauman, a principal with Altira, has joined the board. Next47 and Chevron will each have observer status. The company, founded in 2013, has now raised about $35 million in total funding.

Vancouver-based clean technology company Inventys has secured an initial $14.5 million (US$11 million) for its Series C financing. The round was led by U.K.-based OGCI Climate Investments and joined by existing investors Roda Group and Chevron Technology Ventures. Inventys plans to raise additional funding for the Series C, increasing it to about $27.6 million (US$21 million). Inventys is developing a CO2 marketplace using next-generation carbon-capture technology at half the cost of conventional systems. The company will use the funds raised to back a CO₂ capture pilot plant demonstration program with Husky Energy Inc as well as its time-to-market strategy.

With $4.4 billion already raised this year, climate-focused venture capital funds are on track to surpass their $5.2 billion fundraising haul in 2023.

Ionomr Innovations is a Vancouver-based developer and maker of polymer and membrane technologies for hydrogen applications.

Carbon Engineering is a Squamish, BC-based provider of direct air capture technology that captures carbon dioxide out of the atmosphere for storage or production as clean transportation fuel.

The round was led by Pangaea Ventures, a Canadian venture capital firm, with participation from GC Ventures, Solvay Ventures, Chevron Technology Ventures and Technip Energies.

Based in Burnaby, British Columbia, Svante is a carbon capture and removal technology company.

The funds raised will support the advancement of Carbon Engineering’s direct air capture technology.

In conjunction with the investment, a representative of Chubu will join Eavor's board of directors.

Energy Innovation Capital led the round.