Thursday, February 23, 2006
Oryxe Raises Series C Funding
Irvine-based Oryxe Energy said today that it has received new funding for its environmental fuel additives. Oryxe said that Paladin capital Group has provided financing that brings it Series C round to $27M. Other firms in this round include Ridgewood Capital, Odyssey venture Partners, and DSM Venturing. The firm announced an original close of that Series C round in May of last year where it raised $11M from strategic partners. Oryxe will use the funding to further development, distribution, and sale of its fuel additives. More information »