Saudi Aramco Energy Ventures leads $20m series D financing for provider of catalytic and separation process technology, with participation of Mitsui Global Investment.
Rive Technology, a US-based provider of technology solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries, has closed a $20m round of financing led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), with participation from Mitsui Global Investment, venture investment subsidiary of Japan-based trading company Mitsui & Co, along with Rive’s existing investors, The Blackstone Group, Charles River Ventures, Advanced Technology Ventures, and Nth Power.
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