Investments
8Portfolio Exits
4Latest Enso Ventures News
Oct 9, 2017
Edinburgh-based petroleum geoscience software startup, Cognitive Geology, has just raised a further £2m in a funding round backed by Maven Capital Partners and Enso Ventures. Founded in 2014 by Geologist Luke Johnson, Cognitive Geology has developed a set of ‘third-generation’ petroleum geoscience software modules designed to help geologists find, appraise and develop conventional and unconventional oil & gas reserves, both onshore and offshore. According to CrunchBase, the startup had previously raised £340k in a seed funding round in June 2016. The oil exploration industry has been a long-time user of supercomputing and advanced analysis tools to help assess and optimise oil finds. Indeed, the geoscience software market is reportedly worth an annual estimated $4.5B alone, even so a mere fraction of the capital invested in exploration and extraction. Cognitive Geology’s strapline is: “Helping you be approximately accurate rather than precisely wrong”. For oil companies, the cost difference between the two can be huge!
Enso Ventures Investments
8 Investments
Enso Ventures has made 8 investments. Their latest investment was in Cognitive Geology as part of their Seed VC on October 10, 2017.
Enso Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/5/2017 | Seed VC | Cognitive Geology | $2.62M | Yes | 5 | |
5/26/2017 | Series C | |||||
1/6/2017 | Series A | |||||
2/3/2016 | Series B - II | |||||
12/1/2015 | Series A |
Date | 10/5/2017 | 5/26/2017 | 1/6/2017 | 2/3/2016 | 12/1/2015 |
|---|---|---|---|---|---|
Round | Seed VC | Series C | Series A | Series B - II | Series A |
Company | Cognitive Geology | ||||
Amount | $2.62M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 5 |
Enso Ventures Portfolio Exits
4 Portfolio Exits
Enso Ventures has 4 portfolio exits. Their latest portfolio exit was UltraSoC on June 23, 2020.
Enso Ventures Acquisitions
1 Acquisition
Enso Ventures acquired 1 company. Their latest acquisition was Carbodeon on July 10, 2010.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
7/10/2010 | Other Venture Capital | $1.65M | Acq - Fin | 1 |
Date | 7/10/2010 |
|---|---|
Investment Stage | Other Venture Capital |
Companies | |
Valuation | |
Total Funding | $1.65M |
Note | Acq - Fin |
Sources | 1 |
Enso Ventures Team
3 Team Members
Enso Ventures has 3 team members, including current Controller, Edward McGill.
Name | Work History | Title | Status |
|---|---|---|---|
Edward McGill | Controller | Current | |
Nikolay Danilov | CLS Capital | Managing Director | Current |
Oleg Mukhanov | Chief Financial Officer, Chief Operating Officer | Former |
Name | Edward McGill | Nikolay Danilov | Oleg Mukhanov |
|---|---|---|---|
Work History | CLS Capital | ||
Title | Controller | Managing Director | Chief Financial Officer, Chief Operating Officer |
Status | Current | Current | Former |
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