# Cnergreen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cnergreen

- Industry: Materials
- Headquarters: Calgary, Canada
- Website: www.cnergreen.ca/
- Total disclosed funding: $2M
- Latest round: Seed (Jan 23, 2024)
- Investors on record: 1

## About

Based in Alberta, Canada, and founded in 2019 by its CEO Ali Telmadarreie, and co-founder Steven Bryant, Cnergreen operates as a developer of nanoparticle-based foam technology enabling cleaner hydrocarbon production. In January 2024, new investor Rhapsody Venture Partners led a USD 2 million in funding for Cnergreen. 

Cnergreen core offerings is ArmorFoam™, a nanoparticle-based foam designed for superior stability and tunability in various reservoirs. The product has various applications, including ArmorFoam™-EOR (Enhanced Oil Recovery), which increases oil recovery and facilitates CO2 storage, all while reducing carbon intensity. ArmorFoam™-Frac mitigates frac hits and improves infill well fracture operations, contributing to stable and strong foam. Additionally, ArmorFoam™-HP effectively delivers production-enhancing fluids throughout reservoirs.

The company plans to use the January 2024 funding to accelerate field trials and commercialization.

## Funding rounds

- Seed, Jan 23, 2024, $2M — Rhapsody Venture Partners

## Investors

- Rhapsody Venture Partners (https://capitalatlas.ai/funds/rhapsody-venture-partners) — Seed