Fundz

Enerpure Inc. Closes Oversubscribed Cad$5 Million Financing

PRIVATENov 20, 2023

Amount Raised

C$5 Million

Round Type

Seed

WinnipegInformation TechnologySoftware

Description

EnerPure Inc. (“EnerPure” or the “Company”), a Manitoba cleantech company, is pleased to announce that it has now closed its oversubscribed CAD$5 million financing as described in its October 23, 2023, news release. In total, the Company raised over CAD$6.9 million through the issuance of 12,600,495 units.

Quick answer

Ener Pure raised C$5 Million in a Seed round, dated November 20, 2023. Ener Pure is based in Winnipeg, Manitoba, Canada.

How much did Ener Pure raise?
Ener Pure raised C$5 Million in a Seed round on November 20, 2023.
What does Ener Pure do?
EnerPure's waste oil regeneration technology provides a profitable and sustainable solution for recycling waste lubricating oil.
Where is Ener Pure based and how big is it?
Ener Pure is based in Winnipeg, Manitoba, Canada. Fundz records about 19 employees.
Who are the decision-makers at Ener Pure?
Fundz holds 1 contact at Ener Pure. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

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

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Vigilant Ops raised $2M (Seed) on January 4, 2024.
  • BlueMatrix raised an undisclosed amount (Corporate Round) on January 4, 2024.
  • Robin AI raised $26M (Funding Round) on January 3, 2024.
  • Certiverse raised $250K on January 3, 2024.
  • Interfield Global Software Inc. raised an undisclosed amount (Post-IPO Equity) on January 2, 2024.

Who to call at Ener Pure, and when

A new round usually means Ener Pure is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Ener Pure raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Ener Pure, from your own LinkedIn network

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Company Information

Company

Ener Pure

Location

Winnipeg, Manitoba, Canada

About

EnerPure's waste oil regeneration technology provides a profitable and sustainable solution for recycling waste lubricating oil. The mishandling and improper disposal of waste oil is an issue that adversely impacts the environment and human life worldwide. Unfortunately, the bulk of waste oil is indiscriminately burned, dumped, or buried, contaminating the air, water, and soil. The impact of improper disposal is devastating on human health and the environment by contributing to acid rain, carcinogenic emissions and asthma-causing gases. EnerPure has chosen to approach the waste oil problem differently from conventional processes: sometimes smaller is better. EnerPure's regeneration technology provides a truly practical and profitable solution to the waste oil handling predicament. Rather than trying to bring the waste to the solution, we bring the solution to the waste. An EnerPure regeneration unit is completely self-sustainable within a moderately sized urban or industrial area. After the regeneration process, the finished fuel product can be sold directly back into the same marketplace from which the waste oil originated. The simplicity of operation and the small geographic loop used in the execution of the business model decrease overhead while creating local sustainable employment.

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