BlueShift
Pre Seed Round in 2025
BlueShift is a climate technology company that specializes in electrochemical processes. It develops systems to capture carbon dioxide directly from the ocean and convert industrial waste into valuable minerals, such as nickel and carbonates. This process not only provides sustainable sources for these materials but also significantly reduces atmospheric carbon, contributing to climate change mitigation.
Marathon Oil
Acquisition in 2024
Marathon Oil is an independent oil and gas exploration and production company headquartered in Texas. The company specializes in the development of unconventional resources within the United States. As of the end of 2023, Marathon Oil reported net proved reserves of 1.1 billion barrels of oil equivalent, with an average net production of 405 thousand barrels of oil equivalent per day. This production comprises approximately 70% oil and natural gas liquids, and 30% natural gas. Marathon Oil emphasizes safe and responsible production practices while prioritizing environmental, social, and governance (ESG) considerations. The company’s strategic focus is on maintaining a strong financial position and delivering value to its investors through a diverse oil and gas portfolio.
Ekona Power Inc. is a Vancouver-based company focused on producing industrial-scale hydrogen through innovative renewable energy generation technology. The company utilizes methane from feedstock to convert natural gas into clean hydrogen, electrical power, and carbon dioxide. By offering a low-cost and efficient solution, Ekona serves a range of industrial hydrogen consumers as well as natural gas transmission and distribution companies, enabling them to access clean energy for various industrial processes.
Concho Resources
Acquisition in 2020
Concho Resources is an independent oil and natural gas company based in Midland, Texas, engaged in the acquisition, development, and exploration of oil and natural gas properties. The company has established a significant presence in the Delaware Basin and the Midland Basin, utilizing advanced techniques such as horizontal drilling and multi-well project development. Concho has achieved notable production growth, with a reported 33.6 million barrels of oil equivalent produced and a capital budget of approximately $1.8 billion. In a strategic move to enhance its operational footprint, the company acquired the assets of Three Rivers Operating Company for about $1 billion, notably expanding its positions in key areas. To partially finance this acquisition, Concho divested non-core assets in the Permian Basin for $520 million. Since its inception in 2004, Concho Resources has focused on optimizing energy production to meet the growing demands of various industries.
Modumetal
Venture Round in 2019
Modumetal, Inc. specializes in the development and manufacturing of nano-laminated metals and materials, catering to various industries including energy, aerospace, automotive, defense, infrastructure, and construction. Founded in 2006 and based in Seattle, Washington, with an additional sales office in The Woodlands, Texas, the company utilizes a proprietary technology that produces these alloys at an industrial scale. Modumetal's products are engineered to be stronger, lighter, and more corrosion-resistant than traditional metals, achieved through a manufacturing process that employs electricity instead of heat, thereby minimizing environmental impact. The company's offerings include customized alloys, nano-laminated fasteners, pumps, valves, and production tubulars, all designed to enhance performance and durability while maintaining competitive pricing compared to conventional materials.
Modumetal
Venture Round in 2019
Modumetal, Inc. specializes in the development and manufacturing of nano-laminated metals and materials, catering to various industries including energy, aerospace, automotive, defense, infrastructure, and construction. Founded in 2006 and based in Seattle, Washington, with an additional sales office in The Woodlands, Texas, the company utilizes a proprietary technology that produces these alloys at an industrial scale. Modumetal's products are engineered to be stronger, lighter, and more corrosion-resistant than traditional metals, achieved through a manufacturing process that employs electricity instead of heat, thereby minimizing environmental impact. The company's offerings include customized alloys, nano-laminated fasteners, pumps, valves, and production tubulars, all designed to enhance performance and durability while maintaining competitive pricing compared to conventional materials.
LUX Assure
Venture Round in 2016
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.
Saltworks
Venture Round in 2014
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, specializing in the design, manufacture, and delivery of advanced desalination and wastewater treatment solutions. Founded in 2008, the company focuses on providing innovative systems, including turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems, to effectively treat industrial wastewater and effluent. Saltworks offers a range of products such as ElectroChem Advanced Electrodialysis systems, salt and ammonia splitters, and the SaltMaker Evaporator Crystallizer, all aimed at addressing challenges in ammonia treatment, landfill leachate, and zero liquid discharge management. The company serves a diverse clientele across various sectors, including oil and gas, mining, agriculture, and food and beverage industries. With a commitment to smart design and intelligent automation, Saltworks enables clients to reduce brine volume, lower disposal costs, and comply with environmental regulations.
Skyonic
Venture Round in 2014
Skyonic Corporation is an environmental technology company based in Austin, Texas, founded in 2005. The company specializes in developing patented technologies, specifically its SkyMine system, which captures carbon dioxide emissions from industrial flue gases and converts them into solid carbonate materials, such as sodium bicarbonate, hydrochloric acid, and other useful products. This post-combustion carbon capture and sequestration technology addresses climate change by mineralizing CO2, effectively reducing greenhouse gas emissions from facilities such as cement plants, refineries, and steel mills. Skyonic's innovative approach not only mitigates environmental impact but also enables the production of carbon-negative materials for various applications, including the manufacture of polyvinyl chloride pipes and glass. Additionally, the company offers services related to the construction, installation, and maintenance of its technology and facilities.
Cool Planet Energy Systems
Series D in 2014
Cool Planet Energy Systems is a technology company focused on improving soil health and sustainability through its Engineered BiocarbonTM technology. Based in Greenwood Village, Colorado, with an additional location in Camarillo, California, the company was founded in 2009. Its primary product, Cool Terra(R), enhances key soil performance characteristics to promote better plant growth and quality while being carbon negative. Additionally, Cool Planet offers products for animal nutrition, microbial support, and early plant establishment. These solutions address global concerns about soil health, sustainability, and food security.
Ziebel AS
Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.
Accend, Inc., founded in 2012 and based in Austin, Texas, specializes in developing software solutions tailored for the oil drilling industry. The company offers Accend Insight, a comprehensive oilfield data platform that assists companies of all sizes in tracking petroleum production and drilling permits across North American oil and gas wells. Additionally, Accend provides Accend Field, an application designed to optimize production and processes by offering essential tools for oilfield professionals. The company's solutions are utilized by E&P operators and oilfield services, enhancing their ability to make data-driven decisions through interactive mapping, notifications, and custom information.
Ingenu Inc. is a company based in San Diego, California, that specializes in developing wireless networks designed specifically for machine-to-machine communication and Internet of Things (IoT) connectivity. Founded in 2008, Ingenu has created a vast IoT network that utilizes its proprietary RPMA technology, enabling long-range connectivity for various industries, including asset tracking, agriculture, connected vehicles, digital oil fields, environmental monitoring, insurance, and fleet management. The company's focus is on providing reliable connectivity exclusively for machines, facilitating applications such as smart metering, remote monitoring, and data collection. Despite its innovative technology and market presence, Ingenu Inc. filed for reorganization under Chapter 11 in July 2020.
Skyonic Corporation is an environmental technology company based in Austin, Texas, founded in 2005. The company specializes in developing patented technologies, specifically its SkyMine system, which captures carbon dioxide emissions from industrial flue gases and converts them into solid carbonate materials, such as sodium bicarbonate, hydrochloric acid, and other useful products. This post-combustion carbon capture and sequestration technology addresses climate change by mineralizing CO2, effectively reducing greenhouse gas emissions from facilities such as cement plants, refineries, and steel mills. Skyonic's innovative approach not only mitigates environmental impact but also enables the production of carbon-negative materials for various applications, including the manufacture of polyvinyl chloride pipes and glass. Additionally, the company offers services related to the construction, installation, and maintenance of its technology and facilities.
LUX Assure
Funding Round in 2013
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.
General Compression
Series B in 2012
General Compression is a developer of air energy storage systems that enables the storage of energy generated from wind farms for on-demand availability. The company's technology is designed to combine energy storage with wind energy, providing a competitive, emission-free firm generation capacity option. This solution aims to offer an alternative to new fossil and nuclear generation in markets traditionally reliant on these energy sources, without requiring subsidies.
Modumetal
Venture Round in 2012
Modumetal, Inc. specializes in the development and manufacturing of nano-laminated metals and materials, catering to various industries including energy, aerospace, automotive, defense, infrastructure, and construction. Founded in 2006 and based in Seattle, Washington, with an additional sales office in The Woodlands, Texas, the company utilizes a proprietary technology that produces these alloys at an industrial scale. Modumetal's products are engineered to be stronger, lighter, and more corrosion-resistant than traditional metals, achieved through a manufacturing process that employs electricity instead of heat, thereby minimizing environmental impact. The company's offerings include customized alloys, nano-laminated fasteners, pumps, valves, and production tubulars, all designed to enhance performance and durability while maintaining competitive pricing compared to conventional materials.
Skyonic Corporation is an environmental technology company based in Austin, Texas, founded in 2005. The company specializes in developing patented technologies, specifically its SkyMine system, which captures carbon dioxide emissions from industrial flue gases and converts them into solid carbonate materials, such as sodium bicarbonate, hydrochloric acid, and other useful products. This post-combustion carbon capture and sequestration technology addresses climate change by mineralizing CO2, effectively reducing greenhouse gas emissions from facilities such as cement plants, refineries, and steel mills. Skyonic's innovative approach not only mitigates environmental impact but also enables the production of carbon-negative materials for various applications, including the manufacture of polyvinyl chloride pipes and glass. Additionally, the company offers services related to the construction, installation, and maintenance of its technology and facilities.
Burlington Resources
Acquisition in 2006
Burlington Resources, was an American oil and gas company. Their headquarters were in Houston, Texas.
Tosco Corporation
Acquisition in 2001
Tosco was an independent US based petroleum refining and marketing corporation. It was founded in 1955 and grew to become the largest independent oil refining and fuel marketer in the United States during the 1990s, with more than 5,000 Circle K, Union 76, BP, Exxon, and Shell convenience store and service stations. Tosco merged with Phillips Petroleum in 2001. Phillips merged with Conoco in 2002 to become ConocoPhillips, who spun off the Circle K stores to Canadian-based Alimentation Couche-Tard.