News

PrePad has closed a $3.8 million CAD seed funding round led by Devon Energy, and with support from Chevron Technology Ventures and others.

Focused on optimizing well manufacturing economics, PrePad's deep data analytics powered cloud platform maximizes profitability by enabling users to analyze cost, time, and production inter-dependencies. At the heart of PrePad is its proprietary completions cost and time simulation model, which seamlessly integrates key variables to quantify the economics of different scenarios. The company plans use the proceeds to accelerate growth, establish a new market category for drilling and completions software, and further expand their U.S. market.

PrePad is part of Calgary50 - Scale Up Canada’s most scalable startups list.

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