About MidOcean Energy
MidOcean Energy is a company founded in 2021.. MidOcean Energy has raised $500 million across 2 funding rounds from investors including Aramco and Mitsubishi Corporation. MidOcean Energy has completed 1 acquisition, including Origin Energy. MidOcean Energy offers products and services including LNG Portfolio and Asset Management Services.
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eig Asset Management, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Aramco
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of MidOcean Energy
MidOcean Energy offers a comprehensive portfolio of products and services, including LNG Portfolio and Asset Management 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.
A diversified LNG portfolio is managed to ensure resilience and competitiveness in cost and carbon aspects.
Energy assets are handled globally to support portfolio development.
Funding Insights of MidOcean Energy
MidOcean Energy has successfully raised a total of $500M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(28 Sep 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series D - MidOcean Energy | Valuation | Mitsubishi Corporation |
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| Sep, 2023 | Amount | Series D - MidOcean Energy | Valuation | Aramco |
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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 MidOcean Energy
MidOcean Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Aramco and Mitsubishi Corporation. 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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Natural gas and petroleum are distributed and traded globally.
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Founded Year | Domain | Location | |
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Aramco is recognized as a leading producer of energy and chemicals globally.
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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 MidOcean Energy
MidOcean Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Origin Energy. 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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Energy corporation
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2000 |
| 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 - MidOcean Energy
| 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 |
Midocean Energy Comparisons
Competitors of MidOcean Energy
| 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 Midocean Energy
Frequently Asked Questions about MidOcean Energy
When was MidOcean Energy founded?
MidOcean Energy was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Who is the current CEO of MidOcean Energy?
De La Rey Venter is the current CEO of MidOcean Energy.
Is MidOcean Energy a funded company?
MidOcean Energy is a funded company, having raised a total of $500M across 2 funding rounds to date. The company's 1st funding round was a Series D of $500M, raised on Sep 28, 2023.
What does MidOcean Energy do?
MidOcean Energy was founded in 2021 as a provider of exploration and production services in the oil and gas sector. Upstream activities are supported through these offerings for industry clients. Leadership is held by CEO De La Rey Venter. The companys online presence is maintained via midoceanenergy.com, with no specific location details available.
What products or services does MidOcean Energy offer?
MidOcean Energy offers LNG Portfolio and Asset Management Services.
How many acquisitions has MidOcean Energy made?
MidOcean Energy has made 1 acquisition, including Origin Energy.
Who are MidOcean Energy's investors?
MidOcean Energy has 2 investors. Key investors include Aramco, and Mitsubishi Corporation.