About Velvet Energy
Velvet Energy is a company based in Calgary (Canada) founded in 2011 was acquired by Spartan Delta in July 2021.. Velvet Energy has raised $436 million across 4 funding rounds from investors including Warburg Pincus, CPP Investments and Spartan Delta. Velvet Energy has completed 1 acquisition, including Iron Bridge Resources.
- 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
*********
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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
$436 M (USD)
in 4 rounds
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Latest Funding Round
$119.62 M (USD), Post-IPO
Dec 01, 2017
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Investors
Warburg Pincus
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Spartan Delta
(Jul 30, 2021)
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Funding Insights of Velvet Energy
Velvet Energy has successfully raised a total of $436M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $119.62 million completed in December 2017. 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 4
- Last Round Post-IPO — $119.6M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Post-IPO - Velvet Energy | Valuation |
investors |
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| Oct, 2016 | Amount | Post-IPO - Velvet Energy | Valuation |
investors |
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| Jan, 2015 | Amount | Private Equity Round - Velvet Energy | Valuation | Warburg Pincus , Trilantic Capital Partners North America |
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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 Velvet Energy
Velvet Energy has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Warburg Pincus, CPP Investments and Spartan Delta. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Private equity investments are targeted at North American companies.
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Founded Year | Domain | Location | |
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Pension fund assets are managed for sustainable long-term growth.
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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 Velvet Energy
Velvet Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Iron Bridge Resources. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Oil and natural gas exploration and production services are provided.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Velvet Energy
| 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 |
Velvet Energy Comparisons
Competitors of Velvet Energy
| 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 Velvet Energy
When was Velvet Energy founded?
Velvet Energy was founded in 2011.
Where is Velvet Energy located?
Velvet Energy is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Is Velvet Energy a funded company?
Velvet Energy is a funded company, having raised a total of $436M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $436M, raised on Jun 02, 2011.
What does Velvet Energy do?
Velvet Energy was founded in 2011 and is headquartered in Calgary, Canada. Operations in the oil and gas exploration and production sector are centered in the Deep Basin of Alberta. A capacity of 21,000 barrels of oil equivalent per day is maintained. Ninety-six gross horizontal wells have been drilled in the Ellerslie formation since 2013, as reported in February 2018.
How many acquisitions has Velvet Energy made?
Velvet Energy has made 1 acquisition, including Iron Bridge Resources.
Who are Velvet Energy's investors?
Velvet Energy has 4 investors. Key investors include Warburg Pincus, CPP Investments, Spartan Delta, and Trilantic Capital Partners North America.