Welligence Energy Analytics, a Houston, TX-based energy data & intelligence firm specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS), has raised $41M in growth funding.
The round was led by Elephant with participation from Veriten, EDG Group, and executives from the energy, information services, and enterprise software industries.
The company intends to use the funds to further enhance its current products and geographical data coverage and expand into new energy research verticals.
Led by CEO Ross Lubetkin, Welligence is an intelligence firm, specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS). Its approach combines machine learning techniques with proprietary data on 180+ countries, offering asset-specific research and valuation models for assets, companies, and portfolios.
Its diverse client base includes supermajors, exploration and production companies, national oil companies, and sector-leading investment banks, among others. With regional hubs in Houston, Austin, London, Edinburgh, and Singapore, the company is positioned to serve its global clientele effectively.
Commenting on the news, Ross Lubetkin said, “Our team is proud of the growth we’ve achieved over the last six years. The foundation of Welligence has now been built. We have a world-class team, a robust database and platform, and a brand recognized globally in our industry. Raising significant capital from some of the market’s most sophisticated investors with a proven track record is a pivotal step towards realizing the Welligence vision — to solidify our presence as a leading global energy research house.”
FinSMEs
23/01/2024