Participated · Series B · Mar 2022

Validere provides a platform that monitors, validates and forecasts facility-level data to help energy companies improve operations and make better commercial and emissions decisions. Its platform integrates data and insights on ESG markets with traditional commodity markets, enabling clients to reduce operational upsets, increase netbacks, and gain visibility into commercial decisions. Validere also supports sustainability reporting and monetization of environmentally differentiated products. The company acts as the data layer for environmental tracking initiatives, including a blockchain‑transacted tokenization of voluntary carbon credits from a CCUS project and certification of responsibly sourced natural gas with partners such as Xpansiv. Management frames the product as a way to integrate environmental attributes into day-to-day operations rather than managing them in a silo. The company announced a material financing event in support of scaling its platform. Validere is a leading informatics platform that enables energy companies to realize efficiencies through real-time product quality insights. The company bridges new technologies with deep industry expertise to make product quality data transparent across trading, logistics and operations. Validere’s software is monitoring and optimizing over 3 million barrels per day for leading oil and gas companies in Canada and the U.S. The business has offices in Houston, Calgary, and Toronto and was founded by Dr. Ian Burgess and Nouman Ahmad. Validere positions its tools as means to reduce costs, increase profitability, and minimize unnecessary shut-ins, leaks and emissions. The company plans to use new funding to scale in the U.S., expand its team, and grow its technological capabilities across the oil and gas ecosystem. Validere provides an AI- and IoT-powered platform that gives oil and gas organizations tools to optimize blending, logistics and trading decisions. The company has completed IoT and AI platform deployments with large Canadian oil and gas clients. It recently expanded into the U.S. market and opened an office in Houston. Founded in 2015, Validere is based in Calgary and Toronto, Canada, with operations in Houston, U.S. The company intends to use new funding to accelerate its U.S. expansion and further develop its platform.