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Cnergreen secures $2M seed funding

Jan 24, 2024•over 1 year ago

Amount Raised

$2 Million

Round Type

seed

CalgaryChemical Manufacturing

Investors

Rhapsody Venture Partners

Description

Cnergreen Corporation has secured $2 million in seed funding led by Rhapsody Venture Partners. The investment will enable them to fast-track field trials and commercialization of their innovative technology for CO2 enhanced oil recovery (CO2 EOR) in the oil and gas industry.

Company Information

Company

Cnergreen Corporation

Location

Calgary, Alberta, Canada

About

CNERGREEN is commercializing a patent-pending nanoparticle-based foam technology enabling cleaner hydrocarbon production by increasing the efficiency and sustainability of the enhanced oil recovery process and improving CO₂ storage capacity.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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