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Profero Energy
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Short description

Developer of a new technology to recover oil resources through bacterial biodegradation

Founded in 2008
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Canada Calgary, Canada
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Updated by at on 02/24/2025

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Date Company
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Date Partner Type
01/01/2012
Innovate Calgary Innovate Calgary
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Confirmed by Innovate Calgary
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IPO INFORMATION

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Date Investors Type Amount
04/28/2008 Novotech Investments Novotech Investments (1)
Post-money valuation of
Novotech Investments, Ltd. provided Profero Energy with an initial investment of £500,000 and earmarked the company for a strategic investment of £5 million over a two and a half year period.
Seed $1,000,000
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