About Storm Development Corp
Storm Development Corp is a company based in Calgary (Canada) founded in 2022.. Storm Development Corp has raised $11.52 million across 2 funding rounds. Storm Development Corp offers products and services including Natural Gas Exploration and NGL Production.
- Headquarter Calgary, Canada
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Storm Development Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.52 M (USD)
in 2 rounds
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Latest Funding Round
$9.87 M (USD), Series A
Apr 11, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Storm Development Corp
Storm Development Corp offers a comprehensive portfolio of products and services, including Natural Gas Exploration and NGL Production. 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.
Exploration for natural gas reserves is conducted in Alberta to support energy development
Development and production of NGL reserves are managed to ensure efficient energy operations
Funding Insights of Storm Development Corp
Storm Development Corp has successfully raised a total of $11.52M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.87 million completed in April 2023. 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 — $9.9M
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First Round
First Round
(30 Mar 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Storm Development Corp | Valuation |
investors |
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| Mar, 2023 | Amount | Series A - Storm Development Corp | Valuation |
investors |
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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 |
Investments & Acquisitions by Storm Development Corp
| 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 - Storm Development Corp
| 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 |
Storm Development Corp Comparisons
Competitors of Storm Development Corp
| 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 Storm Development Corp
When was Storm Development Corp founded?
Storm Development Corp was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Storm Development Corp located?
Storm Development Corp is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Storm Development Corp?
Brian Lavergne is the current CEO of Storm Development Corp.
Is Storm Development Corp a funded company?
Storm Development Corp is a funded company, having raised a total of $11.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.65M, raised on Mar 30, 2023.
What does Storm Development Corp do?
Storm Development Corp was founded in 2022 and is based in Calgary, Canada. Operations in the natural gas sector involve the exploration, acquisition, development, and production of assets. Strategic acquisitions are pursued alongside efficient development methods to support production expansion. Services center on gas production, with a focus on resource management in the energy industry.
What products or services does Storm Development Corp offer?
Storm Development Corp offers Natural Gas Exploration and NGL Production.