About Deep Casing Tools
Deep Casing Tools is a company based in Shoreview (United States) founded in 1999, and was acquired by Drilling Tools in March 2024. Downhole technologies for well construction, completion, and recovery are provided. Deep Casing Tools has raised $15.67 million across 4 funding rounds from investors including Maven Capital Partners, Drilling Tools and EV Private Equity. Its chief executive, as recorded, is David Stephenson. Deep Casing Tools offers products and services including TurboCaser and Rubblizer.
Company details
Founded in 1999 and based in Shoreview, United States, Deep Casing Tools operates in the global energy sector. Downhole technology solutions are developed for well construction, completion, and recovery. Products are designed, engineered, and manufactured to support the well lifecycle. Operations focus on time savings, cost efficiencies, and emission reductions through sustainable innovations in well completion processes.
- Headquarters Shoreview, United States
- Stage Acquired
- Website deepcasingtools.com
- Social LinkedIn X YouTube
- Acquired by Drilling Tools (Mar 2024)
- Legal Name Deep Casing Tools
- Total Equity Funding$15.67M (USD)
in 4 rounds
- Latest Funding Round$4.67M (USD), Series B
Jun 2018
- InvestorsMaven Capital Partners
& 3 more
- Acquired byDrilling Tools
(Mar 2024)
Products & Services of Deep Casing Tools
Deep Casing Tools offers a comprehensive portfolio of products and services, including TurboCaser and Rubblizer.
A tool that is utilized for casing operations to reduce preparation time compared to conventional methods, thereby improving efficiency in drilling activities.
A tool that is applied for well abandonment and slot recovery to facilitate casing pulling and minimize milling requirements in oil and gas projects.
Apps and channels of Deep Casing Tools
its YouTube channel Deep Casing Tools has 170 subscribers and 30 videos.
Videos from Deep Casing Tools
The most watched videos on Deep Casing Tools's YouTube channel, Deep Casing Tools (170 subscribers). Click a video to play it here.
More on Deep Casing Tools.
Funding Insights of Deep Casing Tools
Deep Casing Tools has successfully raised a total of $15.67M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $4.67 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15.67M
- Total Rounds 4
- Last Round Series B — $4.67M
- First Round $7.8M
(May 2008)
- Investors Count 3
All 4 funding rounds of Deep Casing Tools with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $4.67M | Series B | – | – | |
| Apr 2013 | $3.2M | Debt – Venture | – | – | |
| Apr 2013 | $3.2M | Series A | – | – | |
| May 2008 | $7.8M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Deep Casing Tools
Deep Casing Tools has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Maven Capital Partners, Drilling Tools and EV Private Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in sustainable energy technology companies is facilitated. | evprivateequity.no | Stavanger, Norway | ||
Multiple sectors are targeted for private equity investments. | 2005 | mavencp.com | Birmingham, United Kingdom | |
Venture capital firm focused on tech companies | sep.co.uk | London, United Kingdom | ||
Manufacturer of industrial equipment | 1984 | drillingtools.com | Houston, United States |
Investor details for Deep Casing Tools
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Deep Casing Tools
1 people are tracked at Deep Casing Tools (1 in leadership).
| Name | Role | Group |
|---|---|---|
David Stephenson | CEO | Leadership |
Complete people profiles for Deep Casing Tools
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Deep Casing Tools
4 dated milestones of Deep Casing Tools across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Deep Casing Tools is founded.
- Funding First funding round of $7.8M.
- Funding Latest funding round, Series B, of $4.7M.
- Exit Acquired by Drilling Tools.
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Frequently Asked Questions about Deep Casing Tools
Deep Casing Tools was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Deep Casing Tools is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
David Stephenson is the CEO of Deep Casing Tools, as recorded in our data.
Deep Casing Tools is a funded company, having raised a total of $15.67M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.8M, raised on May 2008.
Founded in 1999 and based in Shoreview, United States, Deep Casing Tools operates in the global energy sector. Downhole technology solutions are developed for well construction, completion, and recovery. Products are designed, engineered, and manufactured to support the well lifecycle. Operations focus on time savings, cost efficiencies, and emission reductions through sustainable innovations in well completion processes.
Deep Casing Tools offers TurboCaser and Rubblizer.
Deep Casing Tools has 4 investors. Key investors include Maven Capital Partners, Drilling Tools, EV Private Equity, and Scottish Equity Partners.
Deep Casing Tools operates through Deep Casing Tools.
Yes. Deep Casing Tools was acquired by Drilling Tools in March 2024.