New World Angels jumped out of the gate with its first transaction of 2018. This follows a record year in 2017 when the Boca Raton-based structured angel group made seven investments in seven companies totaling $4.4 million.
The first investment of the year is a $1.3 million investment into Clarke Industrial Engineering’s $10MM Series B Preferred Stock offering. Miami and Rhode Island based Clarke is the manufacturer of the Shuttervalve, which is innovating the $84 billion valve industry with new performance features at lower costs. With this fifth investment in Clarke, NWA has invested over $4.1 million in the company. The Series B round was led by Saudi Aramco Energy Ventures and Chevron-Texaco Technology Ventures.
“We are very pleased that the venture capital arms of industry leaders Saudi Aramco and Chevron also recognize Clarke’s potential in this $84 billion market,” said Steve O’Hara, president of NWA, in a press release. “We remain committed to helping Clarke achieve its lofty goals.”