Phaze Ventures Portfolio Company Interface Fluidics Announces $6.7M Series-B Funding Round
Updated: Jan 27, 2022
Interface Fluidics today announced it's Series-B fundraise of $6.7M CAD led by global energy firm Equinor, with participation from leading early stage venture capital firm Phaze Ventures.
Interface Fluidics is facilitating a net zero energy industry and the conservation of finite resources with fluid testing that is cost effective, rapid, and repeatable – and at higher pressures and temperatures. By providing more and better data, Interface is helping reduce emissions and increase efficiencies with visual insights at the microscopic level. The innovative, proprietary technology created by Interface Fluidics provides results that can increase ROI, reduce chemical costs, and take the guesswork out of operations.
"I'm thrilled to announce Interface Fluidics has secured an additional $6.7 Million financing from Equinor Ventures, Techstars, and Phaze Ventures to continue growing in our mission to make fluid analysis truly accessible to the energy and carbon sequestration industries" said Stuart Kinnear, Co-Founder & CEO at Interface Fluidics.
"Phaze Ventures first invested in Interface Fluidics at their Series-A funding round in 2019, and we have been thrilled to see them commercialize their microfluidics breakthroughs with major energy players such as Suncor, Equinor, Total, BP, Saudi Aramco, and of course Petroleum Development Oman since then" said Abdullah Al-Shaksy, Co-Found & CEO at Phaze Ventures.