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Vortex Oil

Vortex Oil
2013 FOUNDED
PRIVATE STATUS
Early Stage VC LATEST DEAL TYPE
$887K LATEST DEAL AMOUNT
9 INVESTORS
Description

Developer of extraction equipment designed for oil recovery from productive oil layers. The company's devices use technology that can increase the extracted oil amounts from oil fields and reduce the production of polluted water at the same time, enabling companies to extract oil in a more efficient, cost-effective and environmentally-friendly way.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Oil and Gas Equipment
Primary Office
  • Stabu iela 17
  • Riga
  • Latvia
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Vortex Oil Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Early Stage VC 08-Feb-2018 $887K 00.000 Completed Generating Revenue
5. Early Stage VC 08-Dec-2015 00000 00000 Completed Startup
4. Early Stage VC 01-Sep-2015 000.00 00000 Completed Startup
3. Grant 27-Feb-2015 00000 000.00 Completed Startup
2. Angel (individual) 17-Apr-2014 $66.2K $66.2K Completed Startup
1. Accelerator/Incubator Completed Startup
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Vortex Oil Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
ValueTech Seed Venture Capital Minority 000 0000 000000 0
Giza Polish Ventures Venture Capital Minority 000 0000 000000 0
StarFinder Venture Capital Minority 000 0000 000000 0
Startup Hub Poland Accelerator/Incubator Minority 000 0000 000000 0
Imprimatur Capital Venture Capital Minority 000 0000 000000 0
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Vortex Oil Executive Team (6)

Name Title Board
Seat
Contact
Info
Sergey Jakimov Co-Founder & Chief Executive Officer
Alexander Mokrecki Chief Financial Officer & Chairman of the Supervisory Board
Martins Stirans Co-Founder & Chief Operating Officer
Jury Novakovsky Chief Technology Officer
Waldemar Bak Managing Director of Poland
You’re viewing 5 of 6 executives. Get the full list »

Vortex Oil Board Members (1)

Name Representing Role Since Contact
Info
Alexander Mokrecki Vortex Oil Chief Financial Officer & Chairman of the Supervisory Board 000 0000