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Data Gumbo Closes $7.7 Million Series B Funding Round

PRIVATEAug 04, 2021

Amount Raised

$7.7 Million

Round Type

Series B

HoustonManufacturingInformation TechnologyEnergy

Description

Data Gumbo, provider of GumboNetTM — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it has closed its Series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures, the corporate venture capital arm of Equinor, with participation from Saudi Aramco Energy Ventures, the corporate venture capital fund of Saudi Aramco, and Bay Area and Houston-based venture firm L37.

Quick answer

Data Gumbo raised $7.7 Million in a Series B round, dated August 4, 2021. Data Gumbo is based in Houston, Texas, United States.

How much did Data Gumbo raise?
Data Gumbo raised $7.7 Million in a Series B round on August 4, 2021.
What does Data Gumbo do?
Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — a massively interconnected industrial smart contract network secured and powered by blockchain.
Where is Data Gumbo based and how big is it?
Data Gumbo is based in Houston, Texas, United States.

Source: Fundz verified event record.

Who else raised in Energy and Manufacturing around the same time

Companies in the same sectors as Data Gumbo that raised within 45 days of this round, from Fundz verified event records.

  • Silfab Solar raised an undisclosed amount on September 15, 2021.
  • FastCAP Systems raised $7.2M on September 2, 2021.
  • Patriot Battery Metals Inc. raised $207K (Pre-Seed) on August 27, 2021.
  • Energy Vault raised $100M (Series C) on August 25, 2021.
  • RAVEN SR raised $20M on August 16, 2021.
  • Sicona Battery Technologies raised $3.7M (Seed) on August 12, 2021.

Who to call at Data Gumbo, and when

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Company Information

Company

Data Gumbo

Location

Houston, Texas, United States

About

Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — a massively interconnected industrial smart contract network secured and powered by blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Data Gumbo also provides GumboNet™ ESG, the automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting for industrial supply chains. To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and with L37, a hybrid venture capital and private equity company. With offices in Stavanger, Norway, and London, UK, the growing company was recognized as the Disruptive Innovator in the Forbes Energy Awards 2020 and named to CB Insights Blockchain 50, among other awards last year. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Data Gumbo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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