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Validere Raises $43Mm To Scale Its All-In-One Commodity Management Platform

Mar 15, 2022•over 3 years ago

Amount Raised

$43 Million

Description

Validere, a leading all-in-one commodity management platform for the energy industry, today announced it has raised US$43 million (CA$55 million) in its Series B financing round. The round was led by Mercuria Energy and select funds and accounts managed by BlackRock, with participation from Nova Fleet, Pioneer Fund and Natural Gas Innovation Fund. Existing investors, including Wing VC and Greylock Partners, also participated in the round.

Company Information

Company

Validere

About

Validere is a leading data and analytics SaaS provider that is digitally transforming the world’s largest supply chain to be more sustainable and efficient. Our Product Data Cloud enables energy companies to aggregate all commodity inventory data into a complete, accurate, and auditable repository that allows them to create a real-time digital fingerprint of the molecule. Using this single-source-of-trust and our digital infrastructure models, energy professionals across operations, commercial, and ESG functions can quickly make data-driven decisions daily. By partnering with us, business leaders leverage our unique datasets and our experts in data science, physical science, and oil and gas to create a company-wide value engine. As a result, more than 40 of North America’s leading energy companies now realize the total value of their commodities through higher commercial margins, reduced operational costs and risks, and meaningful ESG progress.

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