Inventys secures additional Series B funding

Photo of author

By Ted Liu

Inventys Thermal Technologies Inc., the developer of the VeloxoTherm™ System, a next-generation carbon dioxide (CO2) capture process, has raised $11,924,590.55 in Series B3 and B4 financing led by one unnamed Alberta investor with participation of existing investors, The Roda Group, Chrysalix Energy Venture Capital, Mitsui Global Investment (MGI), and Chevron Technology Ventures LLC.

Inventys previous financing history:

April 2012 – $3M Series A at a post-valuation of $10 million led by Roda Group ($2M) with participation of Mitsui Global Investment ($1M).
April & June 2014- $12.34 million Series B1 & B2 led by with participation of led by Chrysalix ($5.5M) with participation of Chevron Technology Ventures LLC ($3.3M), Roda Group ($2.4M) and Mitsui ($1.1M).

note: Inventys disclosed the lead investor as Husky Energy in its announcement on July 11, 2017.