Fracture ID Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 13

Employees

  • Latest Deal Type
  • Debt - PPP

  • Latest Deal Amount
  • $973K

  • Investors
  • 2

Fracture ID General Information

Description

Developer of geomechanics technology designed to understand the rock mechanics and geology of the reservoir. The company's technology utilizes downhole recorded drilling dynamics data to measure the in situ mechanical properties of the rock being drilled and to identify intersected fracture swarms, enabling operators to know their reservoir conditions so they can begin improving completion strategies to reduce both costs and well-to-well interaction.

Contact Information

Website
www.fractureid.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 216 16th Street
  • Suite 1300
  • Denver, CO 80202
  • United States
+1 (888)
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Other Energy Services
Vertical(s)
Industrials
Corporate Office
  • 216 16th Street
  • Suite 1300
  • Denver, CO 80202
  • United States
+1 (888)

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Fracture ID Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Debt - PPP 13-Apr-2020 $973K Completed Generating Revenue
4. Later Stage VC 08-Nov-2019 Completed Generating Revenue
3. Later Stage VC (Series B2) 07-Feb-2019 Completed Generating Revenue
2. Early Stage VC (Series B) 25-Jul-2016 $2M $2M Completed Generating Revenue
1. Grant 11-Feb-2016 $500K Completed Startup
To view Fracture ID’s complete valuation and funding history, request access »

Fracture ID Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B2
Series B1
Series B 56,961 $0.010000 $35.11 $35.11 1x $35.11 17.57%
Series A 62,500 $0.010000 $4 $4 1x $4 19.28%
To view Fracture ID’s complete cap table history, request access »

Fracture ID Patents

  • 24

    Total Documents Applications and Grants

  • Total Patents Families

  • 21

    Granted

  • Pending

  • Expiring in next 12 mo

Fracture ID Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20200256187-A1 Systems and methods for classifying mechanical quality of a subterranean formation using measurements obtained during drilling Inactive 12-Feb-2019
US-20180371901-A1 Control of drilling system operations based on drill bit mechanics Inactive 26-Jun-2017
CA-3026641-A1 Apparatus and method using measurements taken while drilling cement to obtain absolute values of mechanical rock properties along a borehole Active 07-Jun-2016
CA-3026641-C Apparatus and method using measurements taken while drilling cement to obtain absolute values of mechanical rock properties along a borehole Active 07-Jun-2016
US-20170058669-A1 Apparatus and method of using measurement while drilling data to generate mechanical rock-strength properties and map mechanical rock-strength properties along a borehole Inactive 10-Sep-2014 E21B49/003
To view Fracture ID’s complete patent history, request access »

Fracture ID Executive Team (9)

Name Title Board Seat
Christopher Neale Founder, Chief Executive Officer, Board Member & President
Barbara Pickup Chief Operating Officer
Tom Ruecker Controller
You’re viewing 3 of 9 executive team members. Get the full list »

Fracture ID Board Members (3)

Name Representing Role Since
Christopher Neale Fracture ID Founder, Chief Executive Officer, Board Member & President
George Coyle Energy Innovation Capital Board Member
Jason Cansler Self Board Member
To view Fracture ID’s complete board members history, request access »

Fracture ID Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Fracture ID Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
Energy Innovation Capital Venture Capital Minority
Colorado Office of Economic Development & International Trade Government
To view Fracture ID’s complete investors history, request access »

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Fracture ID FAQs

  • When was Fracture ID founded?

    Fracture ID was founded in 2014.

  • Who is the founder of Fracture ID?

    Christopher Neale and James Lakings Ph.D are the founders of Fracture ID.

  • Where is Fracture ID headquartered?

    Fracture ID is headquartered in Denver, CO.

  • What is the size of Fracture ID?

    Fracture ID has 13 total employees.

  • What industry is Fracture ID in?

    Fracture ID’s primary industry is Business/Productivity Software.

  • Is Fracture ID a private or public company?

    Fracture ID is a Private company.

  • What is Fracture ID’s current revenue?

    The current revenue for Fracture ID is .

  • How much funding has Fracture ID raised over time?

    Fracture ID has raised $5M.

  • Who are Fracture ID’s investors?

    Energy Innovation Capital and Colorado Office of Economic Development & International Trade have invested in Fracture ID.

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