# PetroDE

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

- Industry: Software
- Headquarters: Boulder, US
- Website: www.petrode.com
- Total disclosed funding: $2M
- Latest round: Seed (Feb 4, 2014)
- Investors on record: 2

## About

PetroDE is an innovative oilfield intelligence platform that integrates geospatial data with real-time updates to enhance decision-making in the oil and gas industry, aiding various professionals in optimizing their operations.PetroDE operates as an oilfield intelligence platform that allows users to analyze and interpret geospatial data to make informed decisions. Founded by Alan Lindsey, the company is based in Boulder, US. In February 2014, PetroDE secured USD 2.00 mn in Seed funding led by Catamount Ventures, with participation from GABA, LLC. The funding has been crucial for its development and operational strategies.PetroDE primarily offers an advanced oilfield intelligence platform designed to improve decision-making processes within the oil and gas sector. The platform integrates dynamic geospatial intelligence with real-time updates, enabling users, including reservoir engineers and executives, to perform reservoir engineering, geoscience analysis, and competitor intelligence. Clients utilize PetroDE to identify production trends, streamline workflows, and assess acquisition opportunities, with geographical focus primarily on North America, particularly the United States and Canada.PetroDE generates its revenue through a subscription-based model targeted at businesses in the oil and gas industry. Clients enter annual agreements to access the platform's suite of analytical tools, facilitating detailed analyses and trend monitoring within the industry. Although specific pricing details are not disclosed, the revenue structure caters to businesses of varying sizes, promoting long-term partnerships for enhanced operational capabilities in a competitive market.Looking ahead, PetroDE aims to expand its product offerings and enhance its platform functionalities to capture a larger market share. Following the Seed funding secured in February 2014, the company plans to invest in the development of new features and possibly explore international markets for growth. Specific new product launches and geographic expansions are yet to be detailed, but the objective remains to solidify its presence in key markets, particularly in North America.

## Funding rounds

- Seed, Feb 4, 2014, $2M — Catamount Ventures, GABA, LLC

## Investors

- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Seed
- GABA, LLC — Seed