Venture Capital News Daily
   Your Source for Venture Capital and Private Equity Financings
   Massinvestor/VC News Daily      
   Venture Capital News Daily on RSS Venture Capital News Daily on Facebook Venture Capital News Daily on Twitter
VC DATABASE   /   MOBILE APP  /  CELEBRITY VCs   /   VENTURE TRACKR   /   ARCHIVE   /   ABOUT US
Venture Capital News Daily
Clarke Closes $10M in Series B

       
NORTH KINGSTOWN, R.I., Clarke Industrial Engineering completed the sale of $10 million of Series B Preferred.
Click here for more funding data on Clarke Industrial Engineering
To export Clarke Industrial Engineering funding data to PDF and Excel, click here
Today, Clarke Industrial Engineering ("Clarke") completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures ("SAEV"). Chevron Technology Ventures ("CTV") participated in the round.

Daniel Carter of SAEV US, stated, "Clarke's unique Shutter Valve design provides a step change in control valve technology. We see wide ranging applications for this new type of valve in the Oil and Gas industry and beyond."

President & CEO of Clarke, Kyle Daniels stated, "Saudi Aramco and Chevron, as two of the world's largest companies who regularly purchase large quantities of control valves, have significant expertise in industrial valve technology. We are very honored that they recognize the value of our proprietary Shutter Valve design and have chosen to make significant investments in Clarke."

Bill Dambrackas, Clarke's Chairman, stated, "There hasn't been much innovation in the $84 billion worldwide industrial valve market, therefore innovation is unexpected and slow to be embraced, so it's especially rewarding for us to have these prestigious industry leaders share our vision."

Other investors in Clarke's Series B Preferred Stock round include New World Angels ("NWA") who was the lead investor in Clarke's Series A Preferred Stock round.

About Saudi Aramco Energy Ventures (SAEV)

Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Aramco, the world's leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV's mission is to invest globally in start-up and high growth companies with technologies of strategic importance to Aramco.

For more information about SAEV, please visit www.saev.com.

About Chevron Technology Ventures (CTV)

Chevron Technology Ventures champions innovation and integration of emerging technologies into Chevron. We pursue innovative business solutions and externally developed technologies that have the potential to improve Chevron's base business operations and champion their deployment and adoption into Chevron.

For more information about CTV, please visit www.chevron.com/technology/technology-ventures.

About Clarke Industrial Engineering

Clarke Industrial Engineering is committed to revolutionizing control valves through our proprietary Shutter Valve technology, serving the $84 billion worldwide industrial valve market.

www.clarkeindustrialengineering.com
(c)2011-2017 by Massinvestor, Inc. For contact info, please check out our about page.
  >> Click here for in-depth research on 4,000 VC firms
Venture Capital News Daily
 
Massinvestor/VC News Daily
617-620-4606


© 2018 Massinvestor, Inc.