# LEPS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leps

- Industry: Oil & Gas
- Headquarters: Chengdu, China
- Website: www.cdleps.com
- Total disclosed funding: $21M
- Latest round: Series B (Nov 29, 2024)
- Investors on record: 8

## About

Based in Chengdu, China, and founded in 2014, LEPS operates as an oilfield technology services company, specializing in oil and gas field engineering technology and chemical feedstock development services. There are more than 310 employees in the company, and 118 of them are the research and development staffs. It has set up laboratories in China and U.S. In September 2020, LEPS acquired a High-Tech Enterprise Certificate. The company has also been recognized as a Postdoctoral Innovation Practice Base. In December 2023, LEPS raised CNY 150 million in series A funding. In November 2024, the firm closed a series B funding.

LEPS's business mainly involves fracturing and recovery and transportation in the oil and gas extraction chain. The company is committed to providing fracking fluid formulations and additives research and development, production, sales and corresponding supporting technical services. In the fracturing field, the products include integrated variable viscosity and salt-resistant drag agent, temporary plugging fiber, acid solution and anti-sand fiber. In the field of extraction and transportation, products are corrosion inhibitor, corrosion inhibitor, bubbling agent and unplugging agent. The company's products and services can be used in shale oil, shale gas and coal rock gas areas.

The company’s revenue is generated by providing oilfield chemicals and technical services.

## Funding rounds

- Series B, Nov 29, 2024 — Sichuan Development Holding, China Reform Holdings, Sinopec Capital, CNPC Kunlun Capital Co., Ltd.
- Series A, Dec 28, 2023, $21M — Sichuan Development Industry Led Equity Investment Fund Management, Chengdu Venture Capital, Canghai Capital
- Angel, Dec 29, 2016 — Chengdu Science and Technology Venture Capital Group

## Investors

- Chengdu Science and Technology Venture Capital Group (https://capitalatlas.ai/funds/chengdu-science-and-technology-venture-capital-group) — Angel
- Sichuan Development Industry Led Equity Investment Fund Management — Series A
- Chengdu Venture Capital (https://capitalatlas.ai/funds/chengdu-venture-capital) — Series A
- Canghai Capital (https://capitalatlas.ai/funds/canghai-capital) — Series A
- Sichuan Development Holding — Series B
- China Reform Holdings (https://capitalatlas.ai/funds/china-reform-holdings) — Series B
- Sinopec Capital — Series B
- CNPC Kunlun Capital Co., Ltd. — Series B