Svante Raises $21 Million CAD in Series C, Looks to Raise $6.5 Million more.

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Carbon capture technology company, Svante (formerly Inventys) announced that it has raised a total of $21 million CAD out of a total round of $27.5 million CAD in a series C. The round was led by OGCI Climate Investments.

Svante is looking to secure an additional $6.5 million CAD during the series C round, before the end of June in order to commercialize its first industrial-scale CO₂ capture plant by 2020.

Part of the series C funding round includes a $6.5 million CAD investment from the Business Development Bank of Canada’s (BDC) Cleantech Practice, as well as a follow-on investment from current shareholder Chevron Technology Ventures.


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“It is empowering to know, given my Alberta heritage, our technology can change the climate impacts of the Alberta oil sands regions and generate significant additional economic benefits.”

Brett Henkel

Co-Founder and Vice President Strategic Accounts & Government Affairs

Brett Henkel’s unabashed optimism tempered by his mechanical engineering background and gas separation experience combine to bring a rare perspective to his position on Svante’s executive team.

Transferring the company’s breakthrough CO2 capture technology to customers’ sites will rely heavily on Brett’s strengths for identifying and understanding the technical and business details and relating those details to partners’ teams, approving agencies, and stakeholders.

As co-founder, he was instrumental in creating the process and the hardware used to prove the technology’s effectiveness as well as mobilizing external support throughout the path to becoming a successful innovation. These experiences strengthened his knowledge of business development and program management priorities.

Prior to launching Svante, Mr. Henkel was the program manager for QuestAir Technologies’ compact hydrogen production system with its partner, ExxonMobil. He is credited with designing the world’s first solenoid-driven rapid pressure swing adsorption test station.

Brett received his Bachelor of Science in Physics, with distinction, and a Mechanical Engineering degree from the University of Victoria.

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