Corporates help pump $10m into Clarke

Feb 9, 2018 • Callum Cyrus

US-based industrial valve manufacturer Clarke Industrial Engineering has closed a $10m series B round co-led by subsidiaries of oil and gas suppliers Saudi Aramco and Chevron.

Saudi Aramco Energy Ventures (SAEV) and Chevron Technology Ventures invested alongside angel syndicate New World Angels. The funding follows a $3.1m series A round led by New World Angels that Clarke raised between 2015 and October 2017.

Founded in 2011, Clarke produces industrial valves, the mechanical devices used to control flow quality and pressure…

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