Azimuth Capital Management
Azimuth Capital Management is a venture capital and private equity firm specializing in seed/startup, mid venture, early stage, middle market, and emerging companies. The firm makes direct investments and co-investments. The firm seeks to invest in the energy sector resource and infrastructure development companies with a focus on oil and gas exploration and production, oil sands, non-conventional resource plays, energy infrastructure, services and energy technology. It prefers to invest in companies based in Canada and also invests in the United States and international energy sector opportunities. The firm makes investments between $7.58 million and $36.12 million. The firm makes investments for a period between five and nine years. KERN Partners was founded in 2000 and is based in Calgary, Canada.
Past deals in Alberta
Monolith Materials
Private Equity Round in 2022
Monolith Materials, Inc. manufactures natural gas-based carbon black and hydrogen in the United States. It also produces hydrogen tail-gas, a co-product for power generation/industrial gas markets. Monolith Materials, Inc. was formerly known as Boxer Industries, Inc. and changed its name to Monolith Materials, Inc. in December 2014. The company was founded in 2012 and is based in Lincoln, Nebraska with an additional office in San Carlos, California.
Magma Global Ltd.
Series B in 2013
Magma designs and manufactures m-pipe® a high performance pipe created to meet today's challenging riser, jumper, spool and flowline applications. Magma has developed m-pipe® to meet the particular challenges from deep water and high pressure, high temperature and sour service operating environments.
Magma was founded in 2009 by its management team and received additional backing to accelerate its growth programme in 2010 from Calgary-based KERN Energy Partners and Copenhagen-based NES Partners.
M-Flow Technologies
Private Equity Round in 2015
M-flow Technologies Ltd. manufactures bore meters that provide real-time data on oil, gas, and water content in flow lines using sensing technology. It offers sure-cut meters, which are operating in multi-phase flows that offer a step change in phase fraction metering. The company offers its products for wellhead, heavy oil, and subsea applications. M-flow Technologies Ltd. was incorporated in 2011 and is based in Abingdon, United Kingdom.
Ausra
Venture Round in 2009
Ausra manufactures and develops utility-scale solar technologies to serve global electricity needs in a market competitive and environmentally responsible manner.
Ausra's solar concentrators boil water with focused sunlight, generating high-pressure steam that drives conventional turbine generators. Low-cost thermal energy storage systems now under development by Ausra will allow solar electric power to be generated on demand, both during the day and at night.
Steelhead LNG
Private Equity Round in 2016
Steelhead LNG Corp. operates as an energy company that focuses on the development of liquefied natural gas projects in British Columbia. It serves natural gas producers in Canada. The company is based in Vancouver, Canada.
Altex Energy Ltd
Private Equity Round in 2016
Altex Energy Ltd. delivers crude oil products to markets utilizing rail as a pipeline. It operates a rail-based pipeline system that connects producers of bitumen and crude oil products from Canada’s oil sands to markets within Alberta, the rest of Canada, the United States Midwest and Gulf Coast, and other export markets. Altex Energy Ltd. was founded in 2005 and is based in Calgary, Canada.
Ausra
Series B in 2008
Ausra manufactures and develops utility-scale solar technologies to serve global electricity needs in a market competitive and environmentally responsible manner.
Ausra's solar concentrators boil water with focused sunlight, generating high-pressure steam that drives conventional turbine generators. Low-cost thermal energy storage systems now under development by Ausra will allow solar electric power to be generated on demand, both during the day and at night.
Seven Generations Energy Ltd.
Private Equity Round in 2013
Seven Generations Energy Ltd., together with its subsidiary, engages in the development of oil and natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 528,000 net acres located in the Kakwa area of northwest Alberta. Seven Generations Energy Ltd. was founded in 2001 and is headquartered in Calgary, Canada.
Corex Resources Ltd.
Private Equity Round in 2013
Corex Resources Ltd. operates as an oil and natural gas company in Western Canada. Corex Resources Ltd. was formerly known as Amarone Oil & Gas Ltd. and changed its name to Corex Resources Ltd. in March 2012. The company was founded in 2007 and is based in Calgary, Canada.
TimberRock Energy
Private Equity Round in 2017
TimberRock Energy Corp., an oil and gas company, engages in the exploration of oil and gas in Alberta. The company was founded in 2004 and is based in Calgary, Canada.
Black Swan Energy Ltd.
Private Equity Round in 2013
Black Swan Energy Ltd. is backed by leading private equity investors and is focused on unconventional resource exploration and development. The Company is headquartered in Calgary, Alberta, Canada and was founded in 2010.
Monolith Materials
Private Equity Round in 2018
Monolith Materials, Inc. manufactures natural gas-based carbon black and hydrogen in the United States. It also produces hydrogen tail-gas, a co-product for power generation/industrial gas markets. Monolith Materials, Inc. was formerly known as Boxer Industries, Inc. and changed its name to Monolith Materials, Inc. in December 2014. The company was founded in 2012 and is based in Lincoln, Nebraska with an additional office in San Carlos, California.
Osum Oil Sands Corp.
Private Equity Round in 2011
Osum Oil Sands Corp., a private oil sands company, engages in the extraction of bitumen by applying in-situ recovery technologies. The company produces oil from its oil sands and carbonate projects in Canada. Osum Oil Sands Corp. was founded in 2005 and is based in Calgary, Canada.
Entrada Resources
Pre Seed Round in 2016
Entrada Resources Inc. develops and acquires oil and gas assets in the Western Canadian Sedimentary basin through infill drilling, optimization, and recovery techniques. The company’s asset is in cardium formation at Willesden Green. The company was founded in 2016 and is headquartered in Calgary, Canada.
Recover Energy Services Inc.
Venture Round in 2020
Recover Energy Services Inc. provides removal and recycling of oil left on drill cuttings created from drilling with oil-based mud. The company is based in Calgary, Canada. Recover Energy Services Inc. operates as an environmental technology company. The company cleans oil-based drilling waste by using patented process. The company recovers base oil from drilling waste and reduces carbon dioxide emissions. Recover Energy Services Inc. was formerly known as Cutting Edge Systems Inc. and changed its name to Recover Energy Services Inc. in March 2016. The company was founded in 2008 and is headquartered in Calgary, Canada.
