Led · Series D · Jul 2022

Clarke Valve provides industrial control valves for organizations worldwide, with technology deployed across oil and gas, chemical, power plants, water management, and aerospace markets. Founded in 2011 and led by CEO Kyle Daniels, the company is based in North Kingstown, Rhode Island. On July 27, 2022, Clarke Valve closed a $5 million Series D funding round led by Flowserve Corporation. Participants in the round included OGCI Climate Investments, Saudi Aramco Energy Ventures, Chevron Technology Ventures and New World Angels. The company intends to use the funds to continue to expand operations and its business reach. Clarke Valve designs and manufactures the patented Shutter Valve, a full-bore control valve engineered to virtually eliminate fugitive emissions while delivering high flow rate, zero pressure drop, zero leakage, and reduced cavitation and pitting. The company says its Shutter Valves are typically one-fifth the weight, size, and cost of equivalent legacy valves and are currently the only control valves to achieve API 641 certification for low fugitive emission performance. Clarke assembles its standard products at its headquarters in North Kingstown, Rhode Island. The company plans to roll out its proprietary solution globally, offer retrofit options for the majority of competitive valves in the marketplace, and capture market share to reduce methane emissions from legacy valve designs. Financially, Clarke completed a $5.5 million sale of Series B Preferred Stock in this round, bringing Series B funding to $15.5 million and total investor capital raised to over $23 million. Clarke Industrial Engineering develops and commercializes a proprietary Shutter Valve designed to change control valve technology. The company targets the $84 billion worldwide industrial valve market, with applications in oil and gas and beyond. Its core product aims to provide a step change in performance compared with traditional control valves. Clarke highlights strategic industry validation from major purchasers that have invested in the company. The firm completed a $10 million Series B financing to institutional and corporate investors. Clarke is headquartered in North Kingstown, Rhode Island. Clarke Industrial Engineering markets and produces the patented Shutter Valve, introduced in 2014 and invented by founder and CEO Kyle Daniels. The Shutter Valve is presented as a major innovation in the valve industry, offering precision flow control, zero pressure drop and zero leakage versus traditional gate, ball and butterfly valves. Clarke reports blue‑chip customers across natural gas, water, power, paper and chemical industries and has a licensing arrangement with Curtiss‑Wright to enter defense and nuclear markets. The company maintains sales, marketing and finance operations in Miami and engineering and production operations in Rhode Island. The business is using external capital to scale production and expand its product line and performance specifications across industries. Clarke Industrial Engineering develops and sells the patented Shutter Valve, including 1', 2' and 4' sizes. The company says its valve combines aerospace-inspired design for high flow-control performance with ease of manufacturing. Recent hires and leadership additions aim to scale volume production and supply-chain management. Management changes include the addition of Jeff Buck (engineering and production executive) and Chad Heffernan as Manager of Sales & Marketing. Clarke states its lead customers represent billions of dollars of industrial revenue and that volume builds will yield cost efficiencies and competitive pricing. The company is based in N. Kingstown, RI and positions itself to target the global $100 billion valve market.