On October 30 2018, Validere Technologies Inc. (“Validere”) completed a $7 million seed financing round. The round included lead investor Sallyport Investments alongside Y Combinator, Real Ventures, Moment Ventures, and ZhenFund.
The new round of funding will fuel Validere’s US expansion and further the development of Validere’s new AI-powered blending, logistics, and trading optimization platform.
Validere, headquartered in Toronto, Canada, AI & IoT platform empowers oil & gas organizations to optimize critical blending, logistics, and trading decisions.
Sallyport Investments, headquartered in Houston, Texas, provides capital and leadership to companies in the Upstream, Midstream and Service Sectors of the Energy Industry.
Osler, Hoskin & Harcourt LLP represented Validere with a team consisting of Chad Bayne, Gary Marshall, Jeremy Lin, and Jeremy Wu (Corporate).