---
title: "Venture Capital Deals: August 11, 2022"
description: Houston-based Utility Global closes $25M Series B funding for sustainable hydrogen. Led by Ara Partners with Aramco, Samsung Ventures & NOVA participation.
---

[News](https://media.utilityglobal.com/news)

# [Venture Capital Deals: August 11, 2022](https://media.utilityglobal.com/news/venture-capital-deals-august-11-2022)

 Written by [Utility Global](https://media.utilityglobal.com/news/author/utility-global) | September 9, 2022, 4:07:00 PM Z

Houston-based [Utility Global](https://www.utilityglobal.com?hsLang=en), a sustainable hydrogen company, closed its [Series B funding round](https://www.gaebler.com/VC-Funding-21C24FA9-21E4-4FD9-B5E3-D5A09AFAB9CA-Utility-Global-08-08-2022), raising $25 million in growth capital. [Ara Partners](https://www.gaebler.com/VC-Investors-566EF443-909E-4EDF-8546-D854F822F7CD-Ara-Partners) led the round with participation from [Aramco](https://www.gaebler.com/VC-Investors-B6870A8F-3796-479D-B5F2-856BE2EEF7D2-Saudi-Aramco), Samsung Ventures and NOVA.

[View full post](https://media.utilityglobal.com/news/venture-capital-deals-august-11-2022)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Utility Global"
  },
  "dateModified" : "2024-04-24T16:06:23.155Z",
  "datePublished" : "2022-09-09T16:07:00Z",
  "headline" : "Venture Capital Deals: August 11, 2022",
  "image" : {
    "@type" : "ImageObject",
    "height" : 60,
    "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
    "width" : 60
  },
  "mainEntityOfPage" : "https://media.utilityglobal.com/news/venture-capital-deals-august-11-2022",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "News"
  }
}
```