Energy Ventures Fuels 2TD with Millions of Norwegian Kroner
April 27, 2012
Energy Ventures has agreed to invest up to NOK57 million (approximately $10 million USD) in 2TD Drilling, a Norway-based developer of oil and gas drilling tools that was founded in 2008. EV's investment through its Energy Venture IV fund will be accompanied by additional funding of NOK6 million ($1 million USD) from 2TD's team. Headquartered in Stavanger, Norway, EV is a global VC firm that invests in oil and gas tech companies.