NEOS GeoSolutions Garners $60,000,000 New Financing

  • Feed Type
  • Date
    1/18/2011
  • Company Name
    NEOS GeoSolutions
  • Mailing Address
    1880 South Dairy Ashford Houston, TX 77077
  • Company Description
    NEOS is a solutions-oriented geosciences company that is a leader in the emerging field of multi-measurement subsurface interpretation. Our mission is to help our clients in the onshore oil & gas and mining industries make faster, more informed decisions about where to explore, where to lease, and where to drill.
  • Website
    http://www.neosgeo.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $60,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company plans to use the proceeds to fund its ongoing technology development program; expand its data acquisition and data processing capacity; add functionality to its NeoSphere™ data integration and interpretation system; and support general corporate growth initiatives, including the expansion of its engineering, sales, marketing, field operations, and customer service teams around the world.
  • M&A Terms
  • Venture Investor
    Energy Capital Partners
  • Venture Investor
    Goldman Sachs
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Passport Capital

Trending on Xconomy