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§ Private Profile · Calgary, AB, Canada
Technology startup developing nanoparticle foam for enhanced oil recovery (EOR) and CO2 storage in the oil and gas industry.
Cnergreen is a seed-stage startup that develops nanoparticle foam technology designed to enhance oil recovery and facilitate carbon dioxide storage within existing underground reservoirs. The company's proprietary technology stabilizes carbon dioxide foam using tailored nanoparticles and commercial chemicals, enabling the broader oil and gas industry to extract additional hydrocarbon resources and sequester carbon without drilling new wells. This approach aims to reduce operational costs and lower the environmental impact of traditional hydrocarbon production. To commercialize its patented environmental solutions, the enterprise has secured a $2 million seed funding round led by Rhapsody Venture Partners, building upon an additional $1.5 million previously raised through venture capital and grants. The firm has also participated in the Creative Destruction Lab accelerator program and received corporate recognition from RSM Canada. Cnergreen was founded in 2019 by Ali Telmadarreie and Steven Bryant.
Cnergreen has raised $2.0M across 1 funding round.
Cnergreen has raised $2.0M in total across 1 funding round.
Cnergreen has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in January 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 26, 2024 | $2.0M Seed | Jason Whaley |
Cnergreen has raised $2.0M in total across 1 funding round.
Cnergreen's investors include Jason Whaley.