Fundz

Nesr Announces Investment In Qube Technologies For Methane Emissions Monitoring

PRIVATENov 15, 2021

Round Type

Venture

CalgarySustainabilityNatural Resources

Description

National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced an investment in Qube Technologies ("Qube"), a provider of continuous emissions monitoring technology that enables oil and gas operators to better detect, measure, and reduce methane and other greenhouse gas ("GHG") emissions. Founded in 2018, Qube continuously collects gas concentration, atmospheric, and other operational data to locate, quantify, and classify emissions by source and severity. In 2021, Qube received the world's first regulatory approval to replace standard leak detection and repair ("LDAR") practices with Qube's continuous monitoring platform, which has been shown to lead to faster repairs that vastly reduce emissions and improve operational performance and safety.

Quick answer

Qube Technologies raised an undisclosed amount in a funding round, dated November 15, 2021. Qube Technologies is based in Calgary, Alberta, Canada.

How much did Qube Technologies raise?
Qube Technologies raised an undisclosed amount in a funding round on November 15, 2021.
What does Qube Technologies do?
Qube is a Calgary-based technology company that has developed a low-cost environmental surveillance technology.
Where is Qube Technologies based and how big is it?
Qube Technologies is based in Calgary, Alberta, Canada.
Who are the decision-makers at Qube Technologies?
Fundz holds 1 contact at Qube Technologies. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Sustainability and Natural Resources around the same time

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

  • Cielo Waste Solutions Corp raised $11M (Debt Financing) on December 30, 2021.
  • Great Atlantic Resources raised an undisclosed amount (Funding Round) on December 30, 2021.
  • Hydro Wind Energy raised $54M (Funding Round) on December 29, 2021.
  • Lightsource Bp raised $100M (Funding Round) on December 20, 2021.
  • Focus Graphite raised an undisclosed amount (Funding Round) on December 20, 2021.
  • Howard Energy Partners raised an undisclosed amount (Funding Round) on December 16, 2021.

Who to call at Qube Technologies, and when

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Company Information

Company

Qube Technologies

Location

Calgary, Alberta, Canada

About

Qube is a Calgary-based technology company that has developed a low-cost environmental surveillance technology. Our mission is to help primary industries, such as oil and gas, cost-effectively detect, quantify, and reduce methane and other emissions. Qube is currently working with leading operators across Canada and the US and has support from a wide range of investors and government bodies. Please visit www.qubeiot.com for more information.

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