Oil recovery company Glori Energy raises $20m in January, with backing from Energy Technology Ventures.
Corporate venturing unit Energy Technology Ventures helped Glori Energy raise $20m in January.
The GE, NRG Energy and ConocoPhillips joint venture was joined in the series C by Gentry Venture Partners, part of financial firm Gentry Financial Corporation,which led the round. Other investors were venture firms Advantage Capital Partners, GTI Ventures, Kleiner Perkins Caufield & Byers (KPCB), Oxford Bioscience Partners, Malaysian Life Sciences Capital Fund, and The Omzest Group.
Piper Jaffray acted as placement agent.
Glori helps recover trapped…
