Emissions monitoring tech provider Qube closes Series B round

• Qube provides continuous emissions monitoring technology, helping primary industries measure, manage and reduce their environmental impact
• The funds raised will be used by Qube to enhance its emissions monitoring solutions and release new product lines, expand its presence globally, enter new primary industries and acquire fresh talent
• Qube’s other investors include SCF Ventures, North West Capital Partners and Ian Bruce

Qube Technologies, a Calgary-based technology company that has developed a low-cost environmental surveillance technology, has raised an undisclosed amount in Series B financing.

The investor was Riverbend Energy Group, a Houston, Texas-based investment firm focused on the North American energy sector. As part of the deal, Eric Danziger, managing director at Riverbend, will join Qube’s board of directors.

Qube provides continuous emissions monitoring technology, helping primary industries, such as oil and gas, measure, manage and reduce their environmental impact. The company is currently working with leading operators across Canada and the US.

The funds raised will be used by Qube to enhance its emissions monitoring solutions and release new product lines, expand its presence globally, enter new primary industries and acquire fresh talent.

“We are thrilled to enter this new phase of growth with the support of our investors,” said Alex MacGregor, CEO of Qube, in a statement. “This funding will allow us to further develop our emissions monitoring solutions, expand our commercial presence, and increase our industry-leading accuracy of our physics guided AI algorithms. Our aim is to provide exceptional value to our clients in their pursuit of environmental responsibility.”

Qube’s other investors include SCF Ventures, North West Capital Partners and Ian Bruce.