Venture Capital Deals: August 11, 2022

Houston-based Utility Global, a sustainable hydrogen company, closed its Series B funding round, raising $25 million in growth capital. Ara Partners led the round with participation from Aramco, Samsung Ventures and NOVA.
Houston Startup Raises $25M

Utility Global, founded in 2018, has developed a clean hydrogen solution. The proprietary tech — called the eXEROTM Technology Platform — includes a zero electricity process that converts sustainable waste streams into high-purity hydrogen. Additionally, the company developed its H2Gen Product Line that delivers customers reliable, low carbon and high purity hydrogen, which offers unparalleled feedstock […]