Motive Drilling Technologies Obtains $10,500,000 Series A Round

Company Information

Company
Motive Drilling Technologies

Website

http://www.motivedrilling.com

Location
1807 Ross Avenue Dallas, TX 75201

Description
MOTIVE Drilling Technologies is a company defined by a singular focus: providing unique disruptive technologies and services that lower the cost and improve the accuracy and performance of drilling operations.

Transaction Details

  • Date – 2/18/2016
  • Transaction Type – Venture Equity
  • Transaction Amount – $10,500,000
  • Transaction Round – Series A
  • Acquire / Investor(s) – Formation 8
  • Acquire / Investor(s) – GE Ventures
  • Acquire / Investor(s) – Undisclosed