What is Petrospect?
Petrospect, Inc. is an independent petroleum inspection company headquartered in Honolulu, Hawaii, with operations dating back to 1985. The firm specializes in the independent inspection, documentation, and reconciliation of marine transfers for crude oils and petroleum products. Their comprehensive service portfolio also includes bunker deliveries, on-hire/off-hire surveys, pipeline transfers, cargo sampling, and quality and loss control. Petrospect's commitment to accuracy and integrity is reflected in their detailed reports, which are prepared in accordance with API Manual of Petroleum Measurement Standards and current industry practices, ensuring a high level of professional service and client responsiveness.
How much funding has Petrospect raised?
Petrospect has raised a total of $314K across 2 funding rounds:
Debt
$150K
Debt
$164K
Debt (2020): $150K with participation from PPP
Debt (2021): $164K led by PPP
Key Investors in Petrospect
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Petrospect?
The substantial capital infusion, particularly the recent strategic investment, positions Petrospect for continued growth and operational enhancement. As a company with a long-standing history and a focus on precision in a critical industry, this financing is likely to support the expansion of its service offerings, technological upgrades for inspection processes, and potentially broader geographic reach within its operational domain. The company's emphasis on experienced personnel and rigorous quality control suggests that future investments will further solidify its reputation for accuracy and reliability in petroleum product reconciliation.
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