About ResFrac
ResFrac is a company based in Palo Alto (United States) founded in 2018.. ResFrac has raised $5 million across 2 funding rounds from investors including Altira Group. The company has 16 employees as of December 31, 2024. ResFrac offers products and services including ResFracPro, ResApps, and Solutions. ResFrac operates in a competitive market with competitors including Seismos, US Well Services, Fishbones, ESG Solutions and Well Data Labs, among others.
- Headquarter Palo Alto, United States
- Employees 16 as on 31 Dec, 2024
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Resfrac Corporation
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5 M (USD)
in 2 rounds
-
Latest Funding Round
$2 M (USD), Series B
May 06, 2020
- Investors
-
Employee Count
16
as on Dec 31, 2024
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
Products & Services of ResFrac
ResFrac offers a comprehensive portfolio of products and services, including ResFracPro, ResApps, and Solutions. 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.
Software for integrated hydraulic fracturing and reservoir modeling.
Tools for enhanced geothermal system simulations and analysis.
Services optimizing well designs and proppant distribution.
Unlock access to complete
Funding Insights of ResFrac
ResFrac has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in May 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 2
- Last Round Series B — $2.0M
-
First Round
First Round
(19 Jul 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series B - ResFrac | Valuation | Altira Group |
|
| Jul, 2018 | Amount | Series A - ResFrac | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ResFrac
ResFrac has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Altira Group. 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 |
|---|---|---|---|---|
|
Growth stage energy sector focused VC firm investing primarily in the US and Canada
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ResFrac
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ResFrac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Resfrac Comparisons
Competitors of ResFrac
ResFrac 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 Seismos, US Well Services, Fishbones, ESG Solutions and Well Data Labs, 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 |
Real-time fluid-flow monitoring is enabled for oil and gas reservoirs.
|
|
| domain | founded_year | HQ Location |
Hydraulic fracturing services are provided for unconventional wells.
|
|
| domain | founded_year | HQ Location |
Multilateral stimulation technology is developed for improved oil recovery.
|
|
| domain | founded_year | HQ Location |
Microseismic monitoring solutions are provided for the mining industry.
|
|
| domain | founded_year | HQ Location |
Cloud-based solution for fracturing data management
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about ResFrac
When was ResFrac founded?
ResFrac was founded in 2018.
Where is ResFrac located?
ResFrac is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is ResFrac a funded company?
ResFrac is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jul 19, 2018.
How many employees does ResFrac have?
As of Dec 31, 2024, the latest employee count at ResFrac is 16.
What does ResFrac do?
ResFrac was founded in 2018 and is headquartered in Palo Alto, United States. Software for hydraulic fracturing and reservoir simulation is provided to the exploration and production sector. Operations encompass integrated modeling of fracturing processes, wellbore dynamics, and reservoir interactions. Analysis of fracture transitions, fluid flow, proppant transport, and three-dimensional proppant simulations are included. Long-term production forecasting is supported across relevant geographies.
Who are the top competitors of ResFrac?
ResFrac's top competitors include Well Data Labs, US Well Services and Seismos.
What products or services does ResFrac offer?
ResFrac offers ResFracPro, ResApps, and Solutions.
Who are ResFrac's investors?
ResFrac has 1 investor. Key investors include Altira Group.