About OilX
OilX is a company based in London (United Kingdom) founded in 2018 by Florian Thaler was acquired by Energy Aspects in February 2023.. OilX has raised $2.2 million across 1 funding round from investors including Citi, GS Holdings and Energy Aspects. The company has 22 employees as of December 31, 2021. OilX operates in a competitive market with competitors including Cognite, Kayrros, Akselos, Enverus and Lone Star Analysis, among others.
- Headquarter London, United Kingdom
- Employees 22 as on 31 Dec, 2021
- Founders Florian Thaler
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Sectors
TechnologyEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oilx Ltd
- Date of Incorporation 09 Nov, 2018
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$88.98 K (USD)0as on Dec 31, 2019
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Net Profit
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EBITDA
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Total Equity Funding
$2.2 M (USD)
in 1 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Feb 24, 2020
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Investors
Citi
& 2 more
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Employee Count
22
as on Dec 31, 2021
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Acquired by
Energy Aspects
(Feb 01, 2023)
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Funding Insights of OilX
OilX has successfully raised a total of $2.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.2 million completed in February 2020. 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 Seed — $2.2M
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First Round
First Round
(24 Feb 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - OilX | Valuation | Citi , GS Group |
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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 OilX
OilX has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Citi, GS Holdings and Energy Aspects. 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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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location | |
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Industrial sectors are managed by the conglomerate in South Korea.
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Founded Year | Domain | Location | |
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Provider of data analytics and datasets of oil and gas industry
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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 OilX
| 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 |
Financial Statements - OilX
| 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 |
Oilx Comparisons
Competitors of OilX
OilX 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 Cognite, Kayrros, Akselos, Enverus and Lone Star Analysis, 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 |
AI-based software for production data analysis and collaboration is provided.
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| domain | founded_year | HQ Location |
Environmental footprints are measured via satellite imagery and AI analysis.
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| domain | founded_year | HQ Location |
Cloud-based platform for operational simulation and predictive analytics is offered.
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| domain | founded_year | HQ Location |
Accounts payable and receivable solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Predictive and prescriptive analytics are delivered to the industrial sector.
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| domain | founded_year | HQ Location |
Analytics and knowledge graph platform is offered for multi-industry applications.
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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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Frequently Asked Questions about OilX
When was OilX founded?
OilX was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is OilX located?
OilX is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of OilX?
Florian Thaler is the current CEO of OilX. They have also founded this company.
Is OilX a funded company?
OilX is a funded company, having raised a total of $2.2M across 1 funding round to date. The company's 1st funding round was a Seed of $2.2M, raised on Feb 24, 2020.
How many employees does OilX have?
As of Dec 31, 2021, the latest employee count at OilX is 22.
What is the annual revenue of OilX?
Annual revenue of OilX is $88.98K as on Dec 31, 2019.
What does OilX do?
OilX was founded in 2018 in London, United Kingdom, and operates in the oil sector. Analytics solutions for cargo tracking, refinery turnaround monitoring, and supply-demand balance are offered. The OilX Intelligence platform supports oil analytics, while the OilX Research platform enables data-driven oil market research. These services focus on oil market intelligence for industry stakeholders.
Who are OilX's investors?
OilX has 3 investors. Key investors include Citi, GS Holdings, and Energy Aspects.