What is WellAware?
WellAware is an information technology services provider established in 2012 and headquartered in San Antonio, Texas. The company specializes in developing and implementing solutions designed to automate critical supply chain operations. Its expertise spans areas such as chemical delivery, usage tracking, exploration, production, and midstream operations, positioning it as a key player in optimizing complex industrial processes within the energy and chemical sectors.
How much funding has WellAware raised?
WellAware has raised a total of $31.4M across 6 funding rounds:
Debt
$650K
Multiple Rounds
$13.9M
Series B
$16.5M
Debt
$350K
Debt (2012): $650K, investors not publicly disclosed
Private Equity (2013): $6.5M, investors not publicly disclosed
Series A (2013): $6.5M, investors not publicly disclosed
Private Equity (2013): $1M, investors not publicly disclosed
Series B (2015): $16.5M backed by Mitsui and Genscape
Debt (2020): $350K with participation from PPP
Key Investors in WellAware
Mitsui
Mitsui & Co. is a global trading and investment company operating in over 60 countries, with a diverse portfolio across multiple industries. They focus on supporting industry growth, promoting the global transition to low-carbon energy, and enhancing quality of life through healthcare and nutrition solutions.
Genscape
Genscape, established in 1999, is a global provider of energy information for commodity and financial markets, based in Louisville, Kentucky.
What's next for WellAware?
With the recent major strategic investment, WellAware is poised for accelerated growth and further development of its automation solutions. This capital infusion is expected to fuel expansion into new markets, enhance its technological capabilities, and strengthen its competitive position in the IT services sector. The company's focus on automating supply chain functions, particularly within the energy industry, suggests a strategic direction towards increasing efficiency and data-driven decision-making for its clients.
See full WellAware company page
