What is PrePad?
Founded in 2021, PrePad operates at the forefront of the oil and gas software industry. The company provides a specialized cloud-based platform designed to simulate intricate drilling and completions processes. By enabling operators to visualize and refine well designs before breaking ground, PrePad facilitates a more agile decision-making environment. This technological approach allows firms to significantly reduce operational expenditures while simultaneously minimizing their environmental footprint. With a dual presence in Calgary and Houston, the company serves a high-profile client base, including industry leaders such as Devon Energy, Artis Exploration, and Shell Canada, effectively positioning itself as an essential partner in the digital transformation of the energy sector.
How much funding has PrePad raised?
PrePad has raised a total of $2.8M across 1 funding round:
Angel/Seed
$2.8M
Angel/Seed (2025): $2.8M with participation from Devon Energy, BDC, and Arcurve
Key Investors in PrePad
Devon Energy
Devon Energy Corporation is an independent energy company focused on the exploration, development, and production of oil and natural gas, operating extensively across major U.S. basins.
BDC
The Business Development Bank of Canada is a financial institution dedicated to supporting Canadian entrepreneurs through specialized financing and consulting services, with a strong emphasis on technology-driven growth.
Arcurve
Arcurve is a full-service technology and software development firm that provides digital strategy, AI, and data analytics expertise to clients across the telecommunications and energy sectors.
What's next for PrePad?
With the successful closure of this major strategic investment, PrePad is poised to accelerate its product development roadmap and expand its market footprint. The company's strategic focus will likely center on enhancing its AI-driven analytics capabilities to further refine drilling simulations and predictive maintenance features. By deepening its integration with existing enterprise workflows, PrePad aims to solidify its role as a primary software provider for operators seeking to navigate the complexities of modern energy production. The infusion of capital will also support the scaling of its professional services team, ensuring that the company can maintain its high standards of client support as it expands its reach across North American basins.
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