About DeepWell
DeepWell is a company based in Kopervik (Norway) founded in 2004 was acquired by Archer in April 2021.. DeepWell has raised $46.21 million across 1 funding round from investors including Archer and HitecVision. The company has 163 employees as of December 31, 2018. DeepWell offers products and services including Credit Card Guides and Credit Card Comparisons. DeepWell operates in a competitive market with competitors including NCS Multistage, Getech, Zyfra, Optime Subsea and GeoSplit, among others.
- Headquarter Kopervik, Norway
- Employees 163 as on 31 Dec, 2018
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Deepwell As
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Annual Revenue
$36 M (USD)36as on Dec 31, 2018
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Net Profit
$-15.37 M (USD)-54as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$46.21 M (USD)
in 1 rounds
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Latest Funding Round
$46.21 M (USD), Series B
Dec 23, 2013
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Investors
Archer
& 1 more
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Employee Count
163
as on Dec 31, 2018
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Acquired by
Archer
(Apr 26, 2021)
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Products & Services of DeepWell
DeepWell offers a comprehensive portfolio of products and services, including Credit Card Guides and Credit Card Comparisons. 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.
Online resources providing advice on selecting and using credit cards effectively.
Platform for comparing card features, benefits, and rates for consumers.
Funding Insights of DeepWell
DeepWell has successfully raised a total of $46.21M through 1 strategic funding round. The most recent funding activity was a Series B round of $46.21 million completed in December 2013. 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 Total Funding
- Total Rounds 1
- Last Round Series B — $46.2M
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First Round
First Round
(23 Dec 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series B - DeepWell | Valuation | HitecVision |
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| 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 DeepWell
DeepWell has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Archer and HitecVision. 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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HitecVision is focused on investments in the European energy sector.
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Founded Year | Domain | Location | |
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Archer is recognized as a global energy service provider.
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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 DeepWell
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - DeepWell
| 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 |
Deepwell Comparisons
Competitors of DeepWell
DeepWell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NCS Multistage, Getech, Zyfra, Optime Subsea and GeoSplit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Independent technology and services company specializing in multistage completions
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| domain | founded_year | HQ Location |
Oil rigs datasets are provided to enterprises for exploration analysis.
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| domain | founded_year | HQ Location |
Provider of robots, AI, and IIoT based solutions for mining industries
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| domain | founded_year | HQ Location |
Subsea well completion and intervention systems are developed and supplied.
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| domain | founded_year | HQ Location |
Oil well stimulation and fracturing services are provided to clients.
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| 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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Latest news on Deepwell
Frequently Asked Questions about DeepWell
When was DeepWell founded?
DeepWell was founded in 2004 and raised its 1st funding round 9 years after it was founded.
Where is DeepWell located?
DeepWell is headquartered in Kopervik, Norway. It is registered at Kopervik, Rogaland, Norway.
Is DeepWell a funded company?
DeepWell is a funded company, having raised a total of $46.21M across 1 funding round to date. The company's 1st funding round was a Series B of $46.21M, raised on Dec 23, 2013.
How many employees does DeepWell have?
As of Dec 31, 2018, the latest employee count at DeepWell is 163.
What is the annual revenue of DeepWell?
Annual revenue of DeepWell is $36M as on Dec 31, 2018.
What does DeepWell do?
DeepWell was established in 2004 in Kopervik, Norway, as a provider of well intervention services within the oil and gas sector. Wireline operations are supported through an integrated centre where real-time monitoring of parameters occurs. Data from these activities is transmitted back to clients and archived for analysis. Services focus on enhancing operational efficiency for oil companies in the region.
Who are the top competitors of DeepWell?
DeepWell's top competitors include NCS Multistage, Optime Subsea and Getech.
What products or services does DeepWell offer?
DeepWell offers Credit Card Guides and Credit Card Comparisons.
Who are DeepWell's investors?
DeepWell has 2 investors. Key investors include Archer, and HitecVision.
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