EnergyFunders
From Wikipedia, the free encyclopedia
EnergyFunders is an energy-focused FINTECH crowdfunding company that started with oil and gas.
| Company type | Private |
|---|---|
| Industry | Oil and gas |
| Founded | 2013 |
| Headquarters | San Antonio, Texas |
Key people | Laura Pommer, Virginia Urban Light, Garrett Glass, Piyush Prakash, Elizabeth Finley Ryan, Paul Black |
| Website | energyfunders |
History
The company was founded in 2013 by Philip Racusin, Roger Gingell, Michael Racusin, and Casey Minshew in Houston, Texas.[1][2] Laura Pommer currently serves as the company's CEO.[3] It was set up as a crowdfunding platform.[citation needed] EnergyFunders initially provided accredited investors with access to upstream oil and gas projects from independent operators and producers.[4] Generally these are established small operators that otherwise have limited financing options.[5] The platform first went live in 2014 and was officially released in 2015.[6] In January 2018, the EnergyFunders Marketplace was accepted by FINRA to operate a crowdfunding portal under Regulation CF.[7] EnergyFunders launched an all-new upgraded platform using block-chain technology in early 2018.
EnergyFunders platform
The EnergyFunders platform provides crowdfunded upstream oil and gas projects to accredited investors,[1] which the company pre-vets before putting them up for offer[8][9] through a team of various professionals in law, geology, technology, and finance.[10] EnergyFunders takes a carried interest from each investment made through its platform.[1][11]