About US Well Services
US Well Services is a company based in Houston (United States) founded in 2012 was acquired by ProFrac in June 2022.. US Well Services has raised $166 million across 8 funding rounds from investors including ProFrac, Piper Jaffray and Beal Bank. The company has 526 employees as of December 31, 2022. US Well Services operates in a competitive market with competitors including Seismos, Fishbones, ESG Solutions, ResFrac and Well Data Labs, among others.
- Headquarter Houston, United States
- Employees 526 as on 31 Dec, 2022
- Stage Public
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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
$250.46 M3as on Dec 31, 2021
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Net Profit
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EBITDA
$35.44 M-56as on Dec 31, 2021
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Total Equity Funding
$166 M (USD)
in 8 rounds
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Latest Funding Round
$125.5 M (USD), Post-IPO
Jul 06, 2021
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Investors
ProFrac
& 3 more
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Employee Count
526
as on Dec 31, 2022
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Acquired by
ProFrac
(Jun 21, 2022)
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Funding Insights of US Well Services
US Well Services has successfully raised a total of $166M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $125.5 million completed in July 2021. 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 8
- Last Round Post-IPO — $125.5M
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First Round
First Round
(06 Mar 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - US Well Services | Valuation |
investors |
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| Apr, 2020 | Amount | Post-IPO - US Well Services | Valuation |
investors |
|
| May, 2019 | Amount | Debt – Conventional - US Well Services | Valuation |
investors |
| 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 US Well Services
US Well Services has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include ProFrac, Piper Jaffray and Beal Bank. 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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Global multi-sector investments are managed by the private equity firm.
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Founded Year | Domain | Location | |
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Manufacturer of high pressure pumps
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Founded Year | Domain | Location | |
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Provides deposit accounts, loans, and savings products for individual customers.
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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 US Well Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - US Well Services
| 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 |
Us Well Services Comparisons
Competitors of US Well Services
US Well Services 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, Fishbones, ESG Solutions, ResFrac 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.
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| domain | founded_year | HQ Location |
Multilateral stimulation technology is developed for improved oil recovery.
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| domain | founded_year | HQ Location |
Microseismic monitoring solutions are provided for the mining industry.
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| domain | founded_year | HQ Location |
Integrated hydraulic fracturing and reservoir simulation software is developed.
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| domain | founded_year | HQ Location |
Cloud-based solution for fracturing data management
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| 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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Latest news on Us Well Services
Frequently Asked Questions about US Well Services
When was US Well Services founded?
US Well Services was founded in 2012.
Where is US Well Services located?
US Well Services is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of US Well Services?
Joel Broussard is the current CEO of US Well Services.
Is US Well Services a funded company?
US Well Services is a funded company, having raised a total of $166M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $325M, raised on Mar 06, 2012.
How many employees does US Well Services have?
As of Dec 31, 2022, the latest employee count at US Well Services is 526.
What is the annual revenue of US Well Services?
Annual revenue of US Well Services is $250.46M as on Dec 31, 2021.
What does US Well Services do?
US Well Services was established in 2012 in Houston, United States, within the oil and gas sector. Hydraulic fracturing services for unconventional wells are offered, supported by patented natural gas and diesel-powered systems designed for high-pressure and portable use. Key products include PowerPath for centralized power generation via microgrids, FRAC MD for predicting equipment failures, and SANDSHIELD for controlling silica emissions. Operations focus on efficient field applications across the region.
Who are the top competitors of US Well Services?
US Well Services's top competitors include Well Data Labs, Seismos and Fishbones.
Who are US Well Services's investors?
US Well Services has 4 investors. Key investors include ProFrac, Piper Jaffray, Beal Bank, and Capitala Group.