TouGas Oilfield Solutions has completed its Series D investment round. Broadscale Group, a New York based investment and advisory firm, has joined the Series D round as a new investor and shareholder.
"I am very excited to welcome Broadscale as a new shareholder in the company. The deep and longstanding expertise of Broadscale and its partners in supporting growth companies will help us to further accelerate the growth of the company," says Dr Tore Land, CEO of TouGas Oilfield Solutions.
"TouGas's proprietary technology solutions can dramatically improve the productivity and sustainability of the oil and gas sector. By enabling hydraulic fracturing without freshwater, TouGas can reduce operators' costs substantially and deliver a game-changing environmental breakthrough. We look forward to working closely with TouGas to expand its business, particularly in North America," says Andrew Shapiro (pictured), Founder and Partner of Broadscale.
