Rondo Energy, Inc. announced that it has received $60,000,000 in a round of funding on August 16, 2023. The transaction included participation from new investors, Climate Innovation Fund, a fund managed by M12, Prosperity7 Ventures, SDCL Energy Efficiency Income Trust Plc, a fund managed by Sustainable Development Capital LLP, Asset Management Arm,, SABIC Ventures B.V., Rio Tinto Group, and returning investors, The Siam Cement Public Company Limited, Titan Cement International S.A., Breakthrough Energy LLC, Energy Impact Partners LLC, and individual investor, John Doerr. As a part of the transaction Prosperity7 Ventures, SDCL Energy Efficiency Income Trust Plc, SABIC Ventures B.V., The Siam Cement Public Company Limited, Titan Cement International S.A., and Rio Tinto Group have joined the company Strategic Investor Advisory Board (SIAB).