Stingray Geophysical secures growth investment
Stingray Geophysical Limited, a leader in Seismic Permanent Reservoir Monitoring (Seismic PRM) solutions to the upstream oil and gas industry, has announced the successful completion of its latest funding round.
Existing shareholders Energy Ventures, Cody Gate Ventures, Chevron Technology Ventures and Statoil Venture, along with the company´s non-executive Chairman and Chief Executive.
The finance round resulted in GBP 3.15 million in growth equity formthe company.
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| Fund | Energy Ventures II KS Argentum share 23.78% |
| Portfolio Company | Stingray Geophysical |
| Date of Transaction | 2010-05-27 |
| Transaction | Finance round |
| Seller | |
| Buyer | |
| Size of Transaction | GBP 3.2m |
| Ind. Focus | Energy |
| Geography | United Kingdom |
| Stage | Venture |