Terves Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 54


  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 5

Terves General Information


Developer of engineered response materials designed for making frac balls, plugs, slips, seals and several other components used in the oil and gas industry. The company's materials respond to the 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 changes in time, temperature and pressure, enabling the oil and gas industries to address the most critical challenges in production and completion.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Materials
Corporate Office
  • 24112 Rockwell Drive
  • Euclid, OH 44117
  • United States
+1 (216) 000-0000

Terves Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth

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Terves Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Accelerator/Incubator 000.00 Completed Generating Revenue
9. Debt - General 29-Jul-2022 00.00 000.00 Completed Generating Revenue
8. Grant 31-Dec-2021 00.000 000 Completed Generating Revenue
7. Grant 31-Dec-2020 00000 000 Completed Generating Revenue
6. Debt - PPP 29-Apr-2020 00000 000 Completed Generating Revenue
5. Grant 31-Dec-2017 00.000 000 Completed Generating Revenue
4. Seed Round 28-Jun-2017 000 000 Completed Generating Revenue
3. Accelerator/Incubator Completed Generating Revenue
2. Grant 01-Jan-2015 $150K Completed Generating Revenue
1. Grant 01-Jan-2014 $327K Completed Generating Revenue
To view Terves’s complete valuation and funding history, request access »

Terves Patents

Terves Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240026499-A1 Magnesium alloys and methods of making and use thereof Pending 22-Jul-2022 000000000
US-20240191321-A1 Semi-continuous rare earth metal production Pending 07-Jul-2022 000000000
US-20210047895-A1 Temporary well isolation device Active 14-Aug-2019 0000000000
US-20220372832-A1 Temporary well isolation device Active 14-Aug-2019 000000000 00
US-11459846-B2 Temporary well isolation device Active 14-Aug-2019 E21B34/063 00
To view Terves’s complete patent history, request access »

Terves Executive Team (4)

Name Title Board Seat
Andrew Sherman Co-Founder, Chief Executive Officer, Chief Technical Officer & President
Brian Doud Co-Founder & Chief Operating Officer
Robert Slowey Board Member & Class A-1 Manager
You’re viewing 3 of 4 executive team members. Get the full list »

Terves Board Members (2)

Name Representing Role Since
Robert Slowey Terves Board Member & Class A-1 Manager 000 0000
You’re viewing 1 of 2 board members. Get the full list »

Terves Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Terves Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
U.S. Department of Energy Government 000 0000 000000 0
National Aeronautics and Space Administration Government 000 0000 000000 0
BRITE Energy Innovators Accelerator/Incubator 000 0000 000000 0
Innovation Fund of Northeast Ohio Other 000 0000 000000 0
Magnet Innovation Center Accelerator/Incubator Minority 000 0000 000000 0
To view Terves’s complete investors history, request access »

Terves FAQs

  • When was Terves founded?

    Terves was founded in 2013.

  • Who is the founder of Terves?

    Andrew Sherman and Brian Doud are the founders of Terves.

  • Who is the CEO of Terves?

    Andrew Sherman is the CEO of Terves.

  • Where is Terves headquartered?

    Terves is headquartered in Euclid, OH.

  • What is the size of Terves?

    Terves has 54 total employees.

  • What industry is Terves in?

    Terves’s primary industry is Other Materials.

  • Is Terves a private or public company?

    Terves is a Private company.

  • What is Terves’s current revenue?

    The current revenue for Terves is 00000.

  • How much funding has Terves raised over time?

    Terves has raised $10.6M.

  • Who are Terves’s investors?

    U.S. Department of Energy, National Aeronautics and Space Administration, BRITE Energy Innovators, Innovation Fund of Northeast Ohio, and Magnet Innovation Center have invested in Terves.

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