ResFrac

Palo Alto, United States Founded: 2018 • Age: 8 yrs
Integrated hydraulic fracturing and reservoir simulation software is developed.
Annual revenue - Latest available
Total funding $5.0M 2 rounds
Employees 16 Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

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
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  • Phone
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  • Website
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  • Social
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  • Legal Name Resfrac Corporation
Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • 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

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Products & Services of ResFrac

ResFrac offers a comprehensive portfolio of products and services, including ResFracPro, ResApps, and Solutions.

Product name locked
Category locked
Primary

Software for integrated hydraulic fracturing and reservoir modeling.

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Tools for enhanced geothermal system simulations and analysis.

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Services optimizing well designs and proppant distribution.

People of ResFrac

Headcount 10-50
Employee Profiles 10
Employee Profiles
People
Mark McClure
CEO
People
Charles A. Kang
CTO, Co-Founder
People
Dave Ratcliff
Petrophysicist, Reservoir And Completions Simulation Engineer
People
Egor Dontsov
Chief Scientist

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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.

Investors in ResFrac

ResFrac has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Altira Group.

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Venture Fund
Investor Description Founded Year Domain Location
Growth stage energy sector focused VC firm investing primarily in the US and Canada
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Investor details for ResFrac

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Investments & Acquisitions by ResFrac

Investments
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Investment portfolio details for ResFrac

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Financial Statements - ResFrac

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Resfrac Comparisons

ResFrac Primary company
Description
Integrated hydraulic fracturing and reservoir simulation sof...
Location
Palo Alto, United States
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
16
As of 2024
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Peer comparison for ResFrac

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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.

Company Name Domain Founded year HQ Location Description
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Real-time fluid-flow monitoring is enabled for oil and gas reservoirs.
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Hydraulic fracturing services are provided for unconventional wells.
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Multilateral stimulation technology is developed for improved oil recovery.
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Microseismic monitoring solutions are provided for the mining industry.
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Cloud-based solution for fracturing data management
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Detailed competitors of ResFrac

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Latest news on Resfrac

ResFrac nets funding
Venturecapitaljournal6 years ago
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Frequently Asked Questions about ResFrac

ResFrac was founded in 2018.

ResFrac is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.

ResFrac is a funded company, having raised a total of $5M across 2 funding rounds to date.

As of Dec 31, 2024, the latest employee count at ResFrac is 16.

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.

ResFrac's top competitors include Well Data Labs, US Well Services and Seismos.

ResFrac offers ResFracPro, ResApps, and Solutions.

ResFrac has 1 investor. Key investors include Altira Group.

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