Welligence Energy Analytics – a market-leading energy data & intelligence firm specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS) – recently announced it had raised $41 million in growth capital. The funding round, representing a minority stake in the company, was led by Elephant with participation from Veriten, EDG Group, and several high-profile executives from the energy, information services, and enterprise software industries.
Welligence will use the funding to further enhance its current products and geographical data coverage and expand into new energy research verticals. And the company currently has employees and clients across Africa, Asia, Europe, Latin America, the Middle East, and North America, with plans to open offices in several new countries to complement its current operations.
KEY QUOTES:
“Our team is proud of the growth we’ve achieved over the last six years. The foundation of Welligence has now been built. We have a world-class team, a robust database and platform, and a brand recognized globally in our industry. Raising significant capital from some of the market’s most sophisticated investors with a proven track record is a pivotal step towards realizing the Welligence vision — to solidify our presence as a leading global energy research house.”
– Welligence CEO Ross Lubetkin
“We have been extremely impressed by the Welligence team and product and are excited by the scalability of the platform. Through the company’s use of new technology, ideas, and methodologies, Welligence continues to take market share in a space traditionally monopolized by a few legacy players. Welligence’s global energy database positions it well for expansion into new frontiers.”
– Christopher De Souza, Partner at Elephant
