GA Drilling a.s. announced that it has received $15 million in funding from Underground Ventures, alfa8, Neulogy Ventures, Nabors Industries Ltd. and other investors
April 17, 2024
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GA Drilling a.s. announced that it will receive investment in a round of funding on April 18, 2024.
On the same date, the company raised $15 million in its first tranche. The tranche included participation from new investors, Underground Ventures, alfa8, Christian Oldendorff's new Family Office, Neulogy Ventures, returning investors, Nabors Industries Ltd. and individual investor, Thomas von Koch.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and international markets. The Company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. Its services include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD) systems and services, equipment manufacturing, rig instrumentation and optimization software. Its United States fleet consists of approximately 171 alternating current (AC) rigs and 11 silicon-controlled rectifier (SCR) land rigs. Its international fleet consists of approximately 117 land-based drilling rigs located in approximately 14 countries. Through its Drilling Solutions, the Company offers specialized drilling technologies, such as patented steering systems and rig instrumentation software systems.
GA Drilling a.s. announced that it has received $15 million in funding from Underground Ventures, alfa8, Neulogy Ventures, Nabors Industries Ltd. and other investors
NABORS INDUSTRIES LTD. 
