36 Best Petroleum Startups to Watch in 2025

The Definitive Seedtable Ranking of Petroleum Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 36 start-ups with an aggregate funding of $4.9b. The average funding per company in this subset is $136.2m.

Last update to the database: Feb 18, 2025. See changelog.

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2

Funding Rounds

$2.0m

Money raised

LogiLube, LLC is a Cheyenne, Wyoming-based company.

1

Funding Rounds

$4.4m

Money raised

Qlm Technology Ltd is a Bristol-based company developing quantum gas sensing technology for the oil and gas industry.

Location:

Key people:

5

Funding Rounds

$129.3m

Money raised

Gecko Robotics is helping the world’s most important organizations ensure the availability, reliability, and sustainability of critical infrastructure.

Key people:

6

Funding Rounds

$39.3m

Money raised

Tachyus is a company founded in 2014 by Dakin Sloss, Paul Orland, Joel Moxley, Francisco Leport and Pallav Sarma.

Industries:

Key people:

1

Funding Rounds

$350.0m

Money raised

Finning is a Vancouver-based company founded in 1933.

1

Funding Rounds

$49.1k

Money raised

International certification body and classification society with main expertise in technical assessment, advisory, and risk management

5

Funding Rounds

$172.5m

Money raised

Fortress Information Security is an Orlando, Florida-based cyber security company.

Key people:

1

Funding Rounds

Calyx (formerly BioInspira) is a company building a versatile sensor platform that can detect airborne chemicals.

1

Funding Rounds

$4.0m

Money raised

RunTitle is an Austin, Texas-based company founded in 2011 by Reid Calhoon.

Location:

Key people:

38

Funding Rounds

$32.4m

Money raised

PETROTEQ ENERGY INC. is a Sherman Oaks, Los Angeles-based petroleum company founded in 2012.

Industries:

1

Funding Rounds

$25.0m

Money raised

Oil company of the republic of macedonia

Location:

4

Funding Rounds

$60.3m

Money raised

GoExpedi is an Houston-based company founded by Timothy Neal.

Location:

Key people:

1

Funding Rounds

$3.0b

Money raised

Venture Global LNG develops, constructs, and operates liquefied natural gas (LNG) export facilities.

Key people:

1

Funding Rounds

$7.2m

Money raised

Sourcewater is an Houston-based company founded in 2014 by Josh Adler.

Location:

Key people:

1

Funding Rounds

$11.0m

Money raised

Propel Biofuels is a sells biodiesel and E85 ethanol blends founded in 2004 by Rob Elam.

Key people:

1

Funding Rounds

$5.4m

Money raised

Hifi Engineering is a developing company, founded in 2007 in Alberta, Canada.

Location:

Key people:

1

Funding Rounds

Commando Pressure Control is an Houston-based company founded in 2015 by Joe Boyd.

Location:

Key people:

4

Funding Rounds

$24.2m

Money raised

LxDATA is a Montreal-based company.

2

Funding Rounds

$3.8m

Money raised

SciAps is a Woburn, Massachusetts-based company founded in 2012.

3

Funding Rounds

$2.0m

Money raised

H2Sonics is a Glastonbury, Connecticut-based company founded in 2009 by Frank Ferrer.

1

Funding Rounds

$13.7m

Money raised

WellAware Holdings is a San Antonio-based company founded in 2012.

1

Funding Rounds

Compañía Logística de Hidrocarburos is a Madrid-based company founded in 1927.

Location:

1

Funding Rounds

Peloton Computer Enterprises is a Canadian provider of well data software solutions to the oil and gas industry.

1

Funding Rounds

$30.5m

Money raised

ShaMaran Petroleum is a Vancouver-based company.

Location:

1

Funding Rounds

$445.6k

Money raised

Platform that designs and produces in-home energy displays, online energy services, and mobile applications.

2

Funding Rounds

$8.6m

Money raised

Xona Systems is a company founded in 2017.

1

Funding Rounds

$262.5k

Money raised

Cummins Cogeneration is a Lagos-based company founded in 1919 by Clessie Cummins.

1

Funding Rounds

$100.0m

Money raised

For five generations, Nadel and Gussman has invested in the oil and gas business. Nadel and Gussman, headquartered in Tulsa, OK.

Industries:

Location:

1

Funding Rounds

$24.4k

Money raised

Vista Precision Solutions, Inc. is a Richland, Washington-based petroleum company.

Industries:

1

Funding Rounds

$26.7m

Money raised

NG Advantage LLC is a Colchester, Vermont-based company.

1

Funding Rounds

Amromco Energy is a petroleum company.

Industries:

1

Funding Rounds

$5.0m

Money raised

Huvr is an Austin, Texas-based petroleum company.

Industries:

Location:

1

Funding Rounds

$5.0m

Money raised

MagDrive Technologies, Inc. is a Bozeman, Montana-based petroleum company founded in 2022.

Industries:

Location:

1

Funding Rounds

$400.0m

Money raised

Lotus Midstream is a Sugar Land, Texas-based petroleum company.

Industries:

Location:

1

Funding Rounds

$140.0m

Money raised

Native Exploration Holdings is an Oklahoma City-based company.

Industries:

Location:

1

Funding Rounds

$300.0m

Money raised

Carrier Energy Partners is a petroleum company founded in 2013.

Industries:

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