Tag: Austin Ventures (Page 2 of 2)

Omni Water Solutions lands $7.9 million, plans to create clean water systems for oil and gas operations


Omni Water Solutions won the Clean Energy Venture Summit last October.
Now the Austin startup, which makes a portable water purifying system, just landed $7.9 million in a first round financing deal led by Austin Ventures. Backers also included investors “connected to land, oil, and gas in the Eagle Ford Shale region of Texas,” according to Omni’s news release.
Omni plans to use proceeds from the financing to create water treatment units for oil and gas operations where water can be treated and re-used instead of discarded.
Founded in 2010, Omni has patent-pending technology that allows it to treat a high volume of contaminated water effectively with its portable systems at remote locations.
“Omni has an industry-leading approach, which has resulted in successful pilot tests with several marquee exploration and production operators,” Clark Jernigan, Venture Partner at Austin Ventures, said in a statement. “We believe that as domestic energy exploration continues to expand, Omni’s advanced technology will become increasingly important to companies that are looking for economical solutions to water conservation and re-use.”

Omni Hippo System – Oil & Gas Market from Omni Water Solutions on Vimeo.

Austin Entrepreneur Andrew Busey joins Austin Ventures

Austin Ventures announced that Andrew Busey, a well-known Austin entrepreneur, has joined its firm as a venture partner.
Busey formerly served as vice present and general manager at Zynga, makers of Farmville.
“In his new role, Andrew will help the venture team identify and attract very early-stage companies,” John Thornton, general partner of Austin Ventures, said in a news statesman.
Busey built Challenge Games into large social gaming company which Zynga acquired. He also co-founded Pluck, which DemandMedia acquired.
He is a graduate in computer science and marketing from Duke University and holds an MBA from The Wharton School at the University of Pennsylvania.
Lori Hawkins, technology reporter with the Austin American Statesman, has covered Busey for a long time and has written a good story on his latest move.

Newer posts »

© 2024 SiliconHills

Theme by Anders NorenUp ↑