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Ace Oil Tools

Ace Oil Tools
2012 FOUNDED
PRIVATE STATUS
1-10 EMPLOYEES
Early Stage VC LATEST DEAL TYPE
$1.56M LATEST DEAL AMOUNT
2 INVESTORS
Description

Developer of stop collars intended to arrest axial movement of centralizers and other accessories to replace centralizer subs and other tools. The company's stop collars are capable of withstanding extremely high loads and are quick and easy to install directly onto the casing at any location, enabling oil and gas business owners to save time and cost and prevent pipe damage while rotating the pipe in both drilling and cementing applications.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Oil and Gas Equipment
Other Industries
Other Equipment
Primary Office
  • Mekjarvik 14
  • 4070 Randaberg
  • Norway

+47 982 00 000
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Ace Oil Tools Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
1. Early Stage VC 16-Feb-2015 $1.56M 00.000 Completed Generating Revenue
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Ace Oil Tools Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Investinor Venture Capital Minority 000 0000 000000 0
ProVenture Seed Venture Capital Minority 000 0000 000000 0

Ace Oil Tools Executive Team (6)

Name Title Board
Seat
Contact
Info
Espen Sørbø Chief Executive Officer
Morten Klausen Chief Technology Officer, Technology & Co-Founder
Lasse Hetland Chief Commercial Officer & Co-Founder
Ken Erik Steine Co-Founder, Board Member & Manager, Business Development
Bjarte Røssland Manager, Operations
You’re viewing 5 of 6 executives. Get the full list »

Ace Oil Tools Board Members (5)

Name Representing Role Since Contact
Info
Frederik Hvistendahl ProVenture Seed Board Member 000 0000
Jan Morten Ertsaas Investinor Chairman 000 0000
Ken Erik Steine Ace Oil Tools Co-Founder, Board Member & Manager, Business Development 000 0000
Terje Eidesmo Ph.D ProVenture Seed Board Member 000 0000

1 Former Board Member

You’re viewing 4 of 5 board members. Get the full list »