Friday, October 12, 2007

Wellkeeper Raises $850K

Albuquerque, New Mexico-based Wellkeeper has closed on $850,000 in a venture investment round, from New Mexico Community Capital, Verge Fund, and angel investors, the firm said this week. The company, which develops a remote monitoring product for oil and gas producers, said that the additional capital will be used to expand the firm's service to more customers. $500,000 of the investment came from New Mexico Community Capital. WellKeeper also has sales offices in Midland, Texas and Denver, Colorado. More information »