COREteQ Overview
- Year Founded
-
2012

- Status
-
Private
- Employees
-
11

- Latest Deal Type
-
M&A
COREteQ General Information
Description
Developer of permanent magnet motor systems intended to maximize the run life of Electrical Submersible Pumps (ESPs) used in oil production and geothermal applications. The company's systems are used in conjunction with protectors to continuously flush and replenish the filtered fluid in contact with the mechanical seal and manage heat reduction, enabling oil operators to extract oil more economically from their assets.
Contact Information
Website
www.coreteqsystems.comCorporate Office
- Unit 1, Trade City
- Lyon Way, Frimley
- Surrey GU16 7AL
- England, United Kingdom
Corporate Office
- Unit 1, Trade City
- Lyon Way, Frimley
- Surrey GU16 7AL
- England, United Kingdom
COREteQ Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
5. Merger/Acquisition | 02-Aug-2021 | Completed | Generating Revenue | |||
4. Grant | 01-Jun-2020 | Completed | Generating Revenue | |||
3. Later Stage VC | 20-Mar-2019 | Completed | Generating Revenue | |||
2. Grant | 01-Jul-2015 | $2M | $651K | Completed | Generating Revenue | |
1. Seed Round | 01-Oct-2014 | $651K | $651K | Completed | Generating Revenue |
COREteQ Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Ordinary | ||||||||
Ordinary |
COREteQ Patents
COREteQ Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-20220311300-A1 | Form wound motor for electrical submersible pumps | Active | 26-Mar-2021 | ||
GB-202104354-D0 | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | ||
GB-2610367-A | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | ||
EP-4285466-A1 | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | ||
CA-3196792-A1 | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | H02K3/487 |
COREteQ Signals
COREteQ FAQs
-
When was COREteQ founded?
COREteQ was founded in 2012.
-
Where is COREteQ headquartered?
COREteQ is headquartered in Surrey, United Kingdom.
-
What is the size of COREteQ?
COREteQ has 11 total employees.
-
What industry is COREteQ in?
COREteQ’s primary industry is Oil and Gas Equipment.
-
Is COREteQ a private or public company?
COREteQ is a Private company.
-
What is COREteQ’s current revenue?
The current revenue for COREteQ is
. -
How much funding has COREteQ raised over time?
COREteQ has raised $1.64M.
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