NEOS GeoSolutions Garners $60,000,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c776b07c-12db-410e-84fa-7035fafdeea3&Preview=1 - Date
1/18/2011 - Company Name
NEOS GeoSolutions - Mailing Address
1880 South Dairy Ashford Houston, TX 77077 - Company Description
NEOS is a solutions-oriented geosciences company that is a leader in the emerging field of multi-measurement subsurface interpretation. Our mission is to help our clients in the onshore oil & gas and mining industries make faster, more informed decisions about where to explore, where to lease, and where to drill. - Website
http://www.neosgeo.com - Transaction Type
Venture Equity - Transaction Amount
$60,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The company plans to use the proceeds to fund its ongoing technology development program; expand its data acquisition and data processing capacity; add functionality to its NeoSphere™ data integration and interpretation system; and support general corporate growth initiatives, including the expansion of its engineering, sales, marketing, field operations, and customer service teams around the world. - M&A Terms
- Venture Investor
Energy Capital Partners - Venture Investor
Goldman Sachs - Venture Investor
Kleiner Perkins Caufield & Byers - Venture Investor
Passport Capital
