Key Takeaways:
- OILBIZ Inc, a petroleum products trading and supply company, has successfully raised $500,000 in its Series B funding round.
- With its industry focus on Fossil Fuels, Fuel, Industrial, and Shipping, the recent funding comes as a significant advancement.
- This marks the company’s first funding round, which significantly boosts its total fundraising amount to $500K.
About OILBIZ Inc
OILBIZ Inc, located in Austin, Texas, North America, specialises in the trading and supply of petroleum products worldwide. With the help of the Series B funding amount, the company aims to elevate its services and contribute further to the Fossil Fuels, Fuel, Industrial, and Shipping industry. More about the company can be found on their official website, https://www.oilbiz.us. Additional details about its funding and overall profile could be found on Crunchbase, https://www.crunchbase.com/organization/oilbiz-inc.
Details of the Fundraise
The funding round took place on July 29, 2023. While no lead investor has been declared, the funding round has successfully raised an amount of $500,000. The amount substantially impacts OILBIZ Inc’s total funding amount, bringing it to the same figure. This fundraise marks the company’s first significant funding initiative, setting a new pace in the Fossil Fuel industry.
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