Friday, February 24, 2006

ORYXE raises Series C to $27M

In a round that has been open for some time (or at least was re-opened), ORYXE announced today that their Series C has been increased to $27M with the addition of funding from Paladin Capital Group. ORYXE's fuel additive technology helps users of diesel fuel meet increasingly stringent emissions standards, and is already being offered in Texas.

Existing investors include Ridgewood Capital, Odyssey Venture Partners, and DSM Venturing.


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