Validere, a company that graduated from Creative Destruction Lab, is announcing Tuesday it has raised US$43-million from Swiss commodities trader Mercuria Energy Group Ltd. and funds and accounts managed by investment giant BlackRock Inc. Other backers include Nova Fleet, Pioneer Fund, Natural Gas Innovation Fund, and past investors Greylock Partners and Wing VC.

Validere now has 45 energy companies – including Canada’s Vermilion Energy Inc. and two supermajor producers – as clients. It monitors the contents of more than six million barrels of oil daily as it positions itself to become a leading data provider and “system of record” for energy products through the global supply chain.

Read the full story in The Globe and Mail