About Geomec
Geomec is an Energy & Utilities company based in Stavanger (Norway) founded in 2002. Software solutions for subsurface injection. Geomec has raised $2.6 million across 3 funding rounds from investors including Gov.uk, Norwegian Research Council and Aramco Ventures. The company has 6 employees. Geomec offers products and services including Subsurface Engineering Services. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Exploration.
Company details
Geomec was founded in 2002 in Stavanger, Norway, with a focus on the oil and gas sector. Software solutions and subsurface injection services are provided to support operations in disposal, pressure-support, and shale-stimulation wells. The GeoTool Inject platform is utilized for monitoring and analysis of injection activities. Operations are centered in Norway, serving international energy companies through specialized tools for subsurface management.
- Headquarters Stavanger, Norway
- Employees 6
- SectorsEnergy & Utilities
- Email••••••••
- Website geomec.com
- Social LinkedIn
- Annual Revenue$746.32 K (USD)-15as on Dec 31, 2021
- Net Profit$28.55 K (USD)125as on Dec 31, 2021
- EBITDA$28.55 K (USD)125as on Dec 31, 2021
- Total Equity Funding$2.6M (USD)
in 3 rounds
- Latest Funding Round$2.6M (USD), Series A
Aug 2016
- InvestorsGov.uk
& 2 more
- Employee Count6
Products & Services of Geomec
Geomec offers a comprehensive portfolio of products and services, including Subsurface Engineering Services.
Services for enhancing oil recovery and managing CO2 storage safely.
Funding Insights of Geomec
Geomec has successfully raised a total of $2.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.6 million completed in August 2016. 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 $2.6M
- Total Rounds 3
- Last Round Series A — $2.6M
- Investors Count 3
All 3 funding rounds of Geomec 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 |
|---|---|---|---|---|---|
| Aug 2016 | $2.6M | Series A | – | – | |
| Jan 2015 | $228,204 | Grant | – | – | |
| Dec 2013 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Geomec
Geomec has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Gov.uk, Norwegian Research Council and Aramco Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are targeted for investment by Aramco Ventures. | aramcoventures.com | Dhahran, Saudi Arabia | ||
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Research policy advice is provided to the Norwegian government. | 1993 | forskningsradet.no | Oslo, Norway |
Investor details for Geomec
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 Geomec
2 people are tracked at Geomec (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Jarle Steen Stueflotten | CEO & President | Leadership |
Julian Leander Löw | Chief Operating Officer | Leadership |
Complete people profiles for Geomec
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 Geomec
3 dated milestones of Geomec across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Geomec is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.6M.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Geomec
Geomec was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Geomec is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Geomec is a funded company, having raised a total of $2.6M across 3 funding rounds to date.
Geomec has 6 employees.
Annual revenue of Geomec is $746.32K as on Dec 31, 2021.
Geomec was founded in 2002 in Stavanger, Norway, with a focus on the oil and gas sector. Software solutions and subsurface injection services are provided to support operations in disposal, pressure-support, and shale-stimulation wells. The GeoTool Inject platform is utilized for monitoring and analysis of injection activities. Operations are centered in Norway, serving international energy companies through specialized tools for subsurface management.
Geomec offers Subsurface Engineering Services.
Geomec has 3 investors. Key investors include Gov.uk, Norwegian Research Council, and Aramco Ventures.