Houston, Texas-based Zahroof Valves Inc. (ZVI), recently announced it has secured Series C funding led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of energy enterprise, Saudi Aramco. Existing investor NGP Energy Technology Partners (NGP ETP) also participated in the financing. The new round of investment lays the groundwork for the next phase in Zahroof Valves’ growth and global expansion.
“We are honored that Saudi Aramco Energy Ventures has decided to make an investment in ZVI and are pleased that NGP Energy Technology Partners continues to support our vision in the reciprocating compressor valve market,” said Tony Gioffredi, Chief Executive Officer of ZVI. “The addition of Saudi Aramco Energy Ventures as a partner is significant, as they are recognized as a value-based strategic partner who invests in companies with strategic importance to its parent Saudi Aramco and other global energy companies.”