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Access here alternative investment news about Shell Spinout Salamander Solutions Closes $7m Series A
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Shell Spinout Salamander Solutions Closes $7m Series A

by vcaonline.com posted 2months ago 18 views
Shell spinout Salamander Solutions closes $7 million Series A HOUSTON, July 2, 2018-- Salamander Solutions, a leader in advanced heater technology for the oil and gas industry, announced that the company has raised $7 million in Series A funding from a consortium of investors with deep ties to the energy sector and cable manufacturing technology including MCAAA Holding, Shell Ventures LLC, Frontive Holding Limited. The capitalization was led by the Eden Rock Group. Salamander Solutions is a spinout from Shell and was incorporated in March 2017 as a provider of breakthrough heater systems for the oil and gas sector.