New funding round for Ziebel
Argentum portfolio company Ziebel has successfully completed a new financing round. Existing investors Viking Venture and Energy Venture will be joined by Investinor.
Ziebel has attracted NOK 71 million in new capital and Investinor is the lead investor in this financing round, contributing NOK 50 million of the total.
Ziebel is a Norwegian well service company, focused on technology and services which contributes to a more efficient exploration of existing oil and gas wells. Ziebel won earlier this year the prestigious Intervention Technology Award.
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| Fund | Investinor |
| Portfolio Company | Ziebel |
| Date of Transaction | 2010-04-14 |
| Transaction | Finance round |
| Seller | |
| Buyer | |
| Size of Transaction | NOK 50.0m |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Venture |