USA – BioSqueeze, a Butte, MT-based commercial biomineralization company, raised $7.4M in Series A funding.
The round was led by Valo Ventures, with participation from Zero Infinity Partners, Riverstone LLC, and Next Frontier Capital.The company intends to use the funds to accelerate its growth in sealing methane leaks in oil and gas wells across North America.Led by Mark Ranalli, President & CEO, BioSqueeze offers biomineralization technology that provides the solution for eliminating methane leaks in oil and gas wells, saving time and money otherwise spent on unsuccessful remediation attempts. The company specializes in commercial biomineralization, utilizing natural soil bacteria delivered via low-viscosity, self diverting fluids to form calcium carbonate (limestone), steadily reducing permeability to create a permanent, gas-tight seal. Biomineralization is effective, environmentally friendly, and has a host of applications including leak sealing, enhanced oil recovery, soil stabilization, and infrastructure repair.22/02/2023
