About Archer
Archer is a company based in Sandnes (Norway) founded in 2011. It operates as a Professional Services, and Managed Services. Archer has completed 8 acquisitions, including DeepWell, Gray Wireline and Greatwhiteenergy. Archer offers products and services including Platform Operations, Well Services, Land Drilling, and Renewable Services.
- Headquarter Sandnes, Norway
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Archer Limited
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Products & Services of Archer
Archer offers a comprehensive portfolio of products and services, including Platform Operations, Well Services, Land Drilling, and Renewable Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform drilling and modular rigs are provided for operations.
Well construction and intervention services are delivered globally.
Land drilling solutions are offered for energy extraction.
Geothermal and windpower services are provided for sustainability.
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Funding Insights of Archer
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $625.0M
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First Round
First Round
(26 Aug 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Debt – Conventional - Archer | Valuation |
investors |
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| Aug, 2011 | Amount | Post-IPO - Archer | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Archer
Archer has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Seadrill and Lime Rock Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Provider of oil & gas drilling services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Archer
Archer has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include DeepWell, Gray Wireline and Greatwhiteenergy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-specialty hospital services are provided in Houston.
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2012 | ||||
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Cased-hole wireline services are provided to oil and gas exploration.
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2008 | ||||
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Provider of multidisciplinary services and equipment in inspection and access technology for land and offshore industries
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Archer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Archer Comparisons
Competitors of Archer
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Archer
When was Archer founded?
Archer was founded in 2011.
Where is Archer located?
Archer is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.
What does Archer do?
Archer is established as a global energy service company with over 50 years of experience. Operations are conducted in more than 40 locations worldwide, employing around 5,000 staff. High-quality services and innovative technology are provided to optimize energy solutions for customers. The company is focused on renewable energy services, including geothermal drilling and windpower, as part of the energy transition. A commitment to achieving a net-zero target by 2050 is emphasized. Sectors served include oil and gas as well as renewable energy, with solutions spanning platform operations, well services, and land drilling.
What products or services does Archer offer?
Archer offers Platform Operations, Well Services, Land Drilling, and Renewable Services.
How many acquisitions has Archer made?
Archer has made 8 acquisitions, including DeepWell, Gray Wireline, and Greatwhiteenergy.
Who are Archer's investors?
Archer has 2 investors. Key investors include Seadrill, and Lime Rock Partners.
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