Tuesday, May 10, 2005

Further information on ORYXE's Series C

As previously noted, ORYXE has raised a hefty Series C round. Official announcement came today that the total round was $11M, and included new investors Ridgewood Capital and Royal DSM. Total investment to date has been $25M.

ORYXE is well-positioned in the clean fuel additive space. It will be interesting to see how quickly the company is able to penetrate this regulatory-driven market. According to today's announcement, it appears progress is well underway, with production facilities and initial customers getting signed up.


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