About Welltec
Welltec is a company based in Allerød (Denmark) founded in 1994 was acquired by Riverside in June 2005. Welltec has raised $182.17 million across 5 funding rounds from investors including Exor, PFA Pension and Legacy Africa. The company has 140 employees as of December 31, 2022. Welltec has completed 1 acquisition, including Autentik. Welltec offers products and services including Reservoir Optimization and Intervention Services.
- Headquarter Allerød, Denmark
- Employees 140 as on 31 Dec, 2022
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Welltec A/S
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Annual Revenue
$39.73 M (USD)13as on Dec 31, 2021
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Net Profit
$841.27 K (USD)134as on Dec 31, 2021
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EBITDA
$3.4 M (USD)144as on Dec 31, 2021
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Total Equity Funding
$182.17 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Exor
& 4 more
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Employee Count
140
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Riverside
(Jun 01, 2005)
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Products & Services of Welltec
Welltec offers a comprehensive portfolio of products and services, including Reservoir Optimization and Intervention Services.
Solutions are provided for maximizing reservoir contact and optimizing recovery in energy operations.
Services are offered for dealing with uncertainty and complex tasks in completion and new energy sectors.
Funding Insights of Welltec
Welltec has successfully raised a total of $182.17M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(27 Jul 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Unspecified - Welltec | Valuation | Legacy Africa |
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| Feb, 2016 | Amount | Unspecified - Welltec | Valuation |
investors |
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| Sep, 2013 | Amount | Unspecified - Welltec | Valuation | PFA Pension |
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Investors in Welltec
Welltec has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Exor, PFA Pension and Legacy Africa.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Private equity and debt are provided to middle market companies.
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Founded Year | Domain | Location | |
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Manages investments for institutional and retail investors in African equity and markets.
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Founded Year | Domain | Location |
Investments & Acquisitions by Welltec
Welltec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Autentik.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric release fishing tools are manufactured and supplied for operations.
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2016 |
Financial Statements - Welltec
Welltec Comparisons
Competitors of Welltec
Latest news on Welltec
Frequently Asked Questions about Welltec
Welltec was founded in 1994 and raised its 1st funding round 13 years after it was founded.
Welltec is headquartered in Allerød, Denmark.
Welltec is a funded company, having raised a total of $182.17M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $372K, raised on Jul 27, 2007.
As of Dec 31, 2022, the latest employee count at Welltec is 140.
Annual revenue of Welltec is $39.73M as on Dec 31, 2021.
Welltec was founded in 1994 in Alleroed, Denmark, and focuses on the oil and gas sector. Well technology and solutions are developed for onshore and offshore environments, including deepwater, subsea, extended-reach, high-yield, heavy oil, and unconventional gas wells. Services encompass logging, perforation, and mechanical tasks such as plug pulling, valve manipulation, clean-up, and milling, with specialization in robotic interventions.
Welltec offers Reservoir Optimization and Intervention Services.
Welltec has made 1 acquisition, including Autentik.
Welltec has 5 investors. Key investors include Exor, PFA Pension, Legacy Africa, Summit Partners, and The Riverside Company.