Inventys raises initial $14.5 mln of planned Series C financing
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.
16 July 2018•3 mins read
