What is PrePad?
Founded in 2021 and headquartered in Calgary, Alberta, with a U.S. presence in Houston, Texas, PrePad operates within the oil and gas software sector. The company provides a sophisticated cloud-based platform designed to simulate drilling and completions processes. This technology empowers operators to refine well design, achieve substantial cost reductions, and minimize environmental emissions. By facilitating faster decision-making and uncovering latent value, PrePad assists major clients, including Devon Energy, Artis Exploration, and Shell Canada, in realizing significant financial and operational efficiencies.
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 BDC, Arcurve, and Devon Energy
Key Investors in PrePad
BDC
BDC Business Development Bank of Canada is a financial institution supporting small businesses, with a focus on technology and exporting.
Arcurve
Arcurve is a North American technology, advisory, and software development company that assists clients in achieving business objectives through professional technology services, with expertise in digital strategy, AI, and software development.
Devon Energy
Devon Energy Corporation is an independent energy company involved in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
What's next for PrePad?
The recent major strategic investment signals a new phase of expansion for PrePad. This capital is likely to be deployed towards enhancing its simulation platform's capabilities, expanding its market reach into new territories, and potentially forging deeper partnerships with key industry players. The company's focus on cost reduction and emissions minimization aligns with current industry imperatives, positioning PrePad for sustained growth and technological leadership in the energy sector.
See full PrePad company page
