Heating cable developer Salamander Solutions has raised series A cash from investors including Shell Ventures, 16 months after being spun out of Shell.
Salamander Solutions, a heater technology developer spun off from oil and gas supplier Shell, has secured $7m in a series A round featuring the corporate’s strategic investment arm, Shell Ventures.
Eden Rock Group led the round, which also featured fellow investment firm Frontive Holding and MCAAA Holding, a subsidiary of electrical product and cable producer Yesss Group.
Spun out of Shell in March 2017, Salamander has developed cable-based heater systems for the oil and gas industry that provide functions such…
