Halifax- and Calgary-based Arolytics, whose software helps oil and gas companies track their methane emissions, has raised $710,000 in equity financing, which the company says will help it to scale quickly.
The company issued a statement saying it won Startup TNT’s inaugural Calgary Investment Summit in November, and the prize included backing from a pool of Alberta investors. The company also received investment from Calgary based M-Tech Innovations and Metiquity Ventures, both of whom will have seats on the Arolytics board.
Arolytics also won a $25,000 investment as a winner of the Volta
