Deal

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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FundEnergy Ventures II KS Argentum share 23.78%
Portfolio CompanyStingray Geophysical
Date of Transaction2010-05-27
TransactionFinance round
Seller
Buyer
Size of TransactionGBP 3.2m
Ind. FocusEnergy
GeographyUnited Kingdom
StageVenture
 

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(2011-07-13)