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Terves

Terves
2014 FOUNDED
PRIVATE STATUS
21-30 EMPLOYEES
Angel LATEST DEAL TYPE
$5M LATEST DEAL AMOUNT
4 INVESTORS
Description

Manufacturer and developer of engineered response materials created for the oil and gas industry. The company's engineered response materials respond to their environment to "do something specific", such as dissolve, change dimensions, generate force or heat, destroy chemicals or bacteria, and/or other specific actions based on change in time, temperature, pressure and/or other triggering agents, enabling the oil and gas indusrties to address the most critical challenges in production and completion. The company's products include dissolvable metals and polymers that are used for making frac balls, plugs, slips, seals and several other components used in oil and gas well completion and production, as well as highly-engineered specialty proppants, expandable metals, acoustic imaging tools, thermites and structural reactive materials, net-shaped ceramic-metallic (cermet) nanocomposites, and high energy density supercapacitors.

Ownership Status
Privately Held (backing)
Financing Status
Accelerator/Incubator Backed
Primary Industry
Other Materials
Primary Office
  • 24112 Rockwell Drive
  • Euclid, OH 44117
  • United States

+1 (216) 000-0000
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Terves Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Angel (individual) 28-Jun-2017 $5M 000 Completed Startup
3. Accelerator/Incubator Completed Startup
2. Grant 01-Jan-2015 $150K Completed Startup
1. Grant 01-Jan-2014 $327K Completed Startup
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Terves Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
U.S. Department of Energy Government 000 0000 000000 0
National Aeronautics and Space Administration Government 000 0000 000000 0
Innovation Fund of Northeast Ohio Accelerator/Incubator 000 0000 000000 0
Magnet Innovation Center Accelerator/Incubator Minority 000 0000 000000 0

Terves Executive Team (5)

Name Title Board
Seat
Contact
Info
Brian Doud Co-Founder & Chief Operating Officer
Andrew Sherman Co-Founder, President, Board Member & Chief Technology Officer, Technology
Daniel Sherman Board Member & Class A-1 Manager
Robert Slowey Board Member & Class A-1 Manager

1 Former Executive

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Terves Board Members (4)

Name Representing Role Since Contact
Info
Andrew Sherman Terves Co-Founder, President, Board Member & Chief Technology Officer, Technology 000 0000
Daniel Sherman Terves Board Member & Class A-1 Manager 000 0000
Robert Slowey Terves Board Member & Class A-1 Manager 000 0000

1 Former Board Member

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