[ Inventys Thermal Technologies raises $10M in Series B ]

Inventys Thermal Technologies has raised  $10 million in Series B funding.

Founded in 2007,  Inventys Thermal Technologies develops, produces and commercializes the technology for capturing post-combustion carbon dioxide.The company is the developer of the VeloxoTherm system, a carbon dioxide (CO2) capture process.

The funds raised will support a CO2-capture pilot plant aimed at producing a low-cost supply solution for Husky’s enhanced oil recovery program near Lloydminster, Saskatchewan.

Funding  Series B
Founded  2007
Country  Canada
City  Burnaby, British Columbia
Founder / CEO  Claude Letourneau
Deal Size  $10M
Investors  Chrysalix Venture Capital
 Husky Energy
 The Roda Group
Previous Investors  Mitsui Global Investment
 Chrysalix Venture Capital