About PanGeo Subsea
PanGeo Subsea is a company based in Aberdeen (United Kingdom) founded in 2006 by Jacques Guigne was acquired by Kraken Robotics in July 2021.. 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 as of December 31, 2024. PanGeo Subsea operates in a competitive market with competitors including Petroleum Geo Services, Wireless Seismic, ION Geophysical, Acceleware and MicroSeismic, among others.
- Headquarter Aberdeen, United Kingdom
- Employees 59 as on 31 Dec, 2024
- Founders Jacques Guigne
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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
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series A
Jul 31, 2009
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Investors
Chevron
& 3 more
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Employee Count
59
as on Dec 31, 2024
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Acquired by
Kraken Robotics
(Jul 21, 2021)
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $11.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2009 | Amount | Series A - PanGeo Subsea | Valuation | Lime Rock Partners , Chevron |
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| Jun, 2006 | Amount | Seed - PanGeo Subsea | Valuation | EV Private Equity |
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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 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. 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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Founded Year | Domain | Location | |
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Investment in sustainable energy technology companies is facilitated.
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Founded Year | Domain | Location | |
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Chevron Corporation is engaged in global energy production and sustainability.
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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 PanGeo Subsea
| 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 - PanGeo Subsea
| 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 |
Pangeo Subsea Comparisons
Competitors of PanGeo Subsea
PanGeo Subsea 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 Petroleum Geo Services, Wireless Seismic, ION Geophysical, Acceleware and MicroSeismic, 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.
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Seismic imaging software and enhanced oil recovery solutions are provided.
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Microseismic monitoring services for hydrocarbon exploration and production are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
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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 Pangeo Subsea
Frequently Asked Questions about PanGeo Subsea
When was PanGeo Subsea founded?
PanGeo Subsea was founded in 2006.
Where is PanGeo Subsea located?
PanGeo Subsea is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Is PanGeo Subsea a funded company?
PanGeo Subsea is a funded company, having raised a total of $11M across 2 funding rounds to date.
How many employees does PanGeo Subsea have?
As of Dec 31, 2024, the latest employee count at PanGeo Subsea is 59.
What does PanGeo Subsea do?
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.
Who are the top competitors of PanGeo Subsea?
PanGeo Subsea's top competitors include Petroleum Geo Services, Acceleware and MicroSeismic.
Who are PanGeo Subsea's investors?
PanGeo Subsea has 4 investors. Key investors include Chevron, Kraken Robotics, Lime Rock Partners, and EV Private Equity.