About PanGeo Subsea
PanGeo Subsea is an Energy & Utilities company based in Aberdeen (United Kingdom) founded in 2006 by Jacques Guigne, and was acquired by Kraken Robotics in July 2021. Seabed risk mitigation services for offshore installations are provided. PanGeo Subsea has raised $11 million across 2 funding rounds from investors including Chevron, Kraken Robotics and Lime Rock Partners. The company has 59 employees. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Exploration.
Company details
PanGeo Subsea was founded in 2006 and is based in Aberdeen City, Scotland. Marine geotechnical services are delivered by the company, with a focus on acoustic imaging solutions. Seabed-related risks for offshore installations are addressed through near-surface geophysical methods and tools. Operations center on risk mitigation in the offshore sector, supporting installations with specialized geophysical assessments.
- Headquarters Aberdeen, United Kingdom
- Employees 59
- Founders Jacques Guigne
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website pangeosubsea.com
- Social LinkedIn X Facebook
- Acquired by Kraken Robotics (Jul 2021)
- Total Equity Funding$11M (USD)
in 2 rounds
- Latest Funding Round$11M (USD), Series A
Jul 2009
- InvestorsChevron
& 3 more
- Employee Count59
- Acquired byKraken Robotics
(Jul 2021)
Funding Insights of PanGeo Subsea
PanGeo Subsea has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in July 2009. 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 $11M
- Total Rounds 2
- Last Round Series A — $11M
- Investors Count 3
All 2 funding rounds of PanGeo Subsea 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 |
|---|---|---|---|---|---|
| Jul 2009 | $11M | Series A | – | Lime Rock Partners, Chevron | – |
| Jun 2006 | Seed | – | EV Private Equity | – |
4 investors in total: 4 institutional.
Investors in PanGeo Subsea
PanGeo Subsea has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Chevron, Kraken Robotics and Lime Rock Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| lrpartners.com | ||||
Investment in sustainable energy technology companies is facilitated. | evprivateequity.no | Stavanger, Norway | ||
Chevron Corporation is engaged in global energy production and sustainability. | 1879 | chevron.com | United States | |
Unmanned maritime vehicles and subsea sensors are provided. | 2008 | krakenrobotics.com | Paradise Cove, Canada |
Investor details for PanGeo Subsea
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People of PanGeo Subsea
1 people are tracked at PanGeo Subsea (1 in leadership); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
Jacques Guigne | Co-Founder & CSO | Leadership |
Complete people profiles for PanGeo Subsea
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Timeline of PanGeo Subsea
4 dated milestones of PanGeo Subsea across 15 years, from founding to its latest funding, stage changes and deals.
- Founded PanGeo Subsea is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $11.0M.
- Exit Acquired by Kraken Robotics.
Top companies in Oil & Gas Technology Solutions
2 companies that operate in the same segment as PanGeo Subsea (Oil & Gas Technology Solutions) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | |||
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | 46 |
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Related news about Pangeo Subsea
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Frequently Asked Questions about PanGeo Subsea
PanGeo Subsea was founded in 2006.
PanGeo Subsea is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
PanGeo Subsea is a funded company, having raised a total of $11M across 2 funding rounds to date.
PanGeo Subsea has 59 employees.
PanGeo Subsea was founded in 2006 and is based in Aberdeen City, Scotland. Marine geotechnical services are delivered by the company, with a focus on acoustic imaging solutions. Seabed-related risks for offshore installations are addressed through near-surface geophysical methods and tools. Operations center on risk mitigation in the offshore sector, supporting installations with specialized geophysical assessments.
PanGeo Subsea has 4 investors. Key investors include Chevron, Kraken Robotics, Lime Rock Partners, and EV Private Equity.
Yes. PanGeo Subsea was acquired by Kraken Robotics in July 2021.