Glori Energy's mission is to sustainably and efficiently recover billions of barrels of oil trapped in reservoirs using existing oil wells. Glori partners with oil producers to significantly increase their oil production through the deployment of its AEROTM (Activated Environment for Recovery of Oil) System. The system makes use of existing non-potable water sources, optimizing the water quality to activate and sustain the indigenous reservoir microbial life with the desired metabolic activities. The AERO™ System provides a new, viable option to recover previously trapped oil with minimal new footprint or investment.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/24/12 | $20,000,000 | Series C |
Advantage Capital Partners GTI Ventures Malaysian Life Sciences Capital Fund Omzest Group | undisclosed |
