# Welldog

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

- Industry: Oil & Gas
- Headquarters: Brisbane, Australia
- Website: www.welldog.com
- Total disclosed funding: $1.5M
- Latest round: Series B (Jun 17, 2004)
- Investors on record: 1

## About

WellDog is an innovative company focused on subsurface data collection and analysis, offering advanced technologies to support carbon-sensitive activities and environmental sustainability efforts.Founded in 1999 and headquartered in Brisbane, Australia, WellDog specializes in the analysis of subsurface data through cutting-edge technology. The company has completed a total of 8 deals, with the latest funding round being a VENTURE DEBT of AUD 4.25 million, raised on March 26, 2016. The founder's detailed history is not available, and there have been no references to changes in business strategy or operations.WellDog specializes in the collection and analysis of subsurface data through innovative technologies aimed at managing carbon-sensitive activities. Their core offerings include the SweetSpotter Raman sensor and the Reservoir RockHound, both designed for effective monitoring and validation of sequestered carbon dioxide. These advanced tools provide real-time and accurate measurements of gas content, gas saturation, critical desorption pressure, and permeability, even in challenging open-hole conditions. WellDog’s services cater predominantly to industries focused on environmental sustainability and carbon management, with a client base that includes energy companies and environmental agencies across North America and Asia, specifically targeting markets in the United States and China. By combining their technical expertise with operational innovations, WellDog addresses pressing environmental concerns while enhancing production efficiencies.WellDog’s revenue for the most recent year, 2015, reached AUD 23,588,183.30, with an EBITDA of AUD 1,875,122.50. Their revenue model is primarily based on service-based contracts with clients, wherein they provide specialized subsurface data collection and analysis services. Transactions typically occur through B2B partnerships, where clients engage WellDog for extended service agreements focusing on subsurface monitoring and management related to carbon sequestration. Their flagship product, the SweetSpotter service, is a key component of these agreements, offering essential data that supports clients in optimizing their operations.Looking ahead, WellDog plans to leverage the AUD 4.25 million raised in VENTURE DEBT funding to enhance its product offerings and expand its market reach. This funding will support the development of new products tailored for environmental sustainability and carbon management. Specifically, WellDog aims to enter new geographic markets with a particular focus on expanding operations in the United States and China by the year 2020.

## Funding rounds

- Series B, Jun 17, 2004, $1.5M — Prospector Equity Capital

## Investors

- Prospector Equity Capital (https://capitalatlas.ai/funds/prospector-equity-capital) — Series B