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SLB

North America, Texas, United States, Houston

Description

SLB, formerly known as Schlumberger, has established itself as a significant player in the venture capital landscape through its corporate venture arm, SLB Ventures. Launched in 2022, SLB Ventures is an evergreen fund dedicated to investing in early-stage companies at the forefront of the energy transition. Its primary focus areas include new energy technologies, digital solutions, and deep-tech innovations that align with SLB's strategic vision for a sustainable energy future. The fund aims to accelerate the development and deployment of disruptive technologies that can decarbonize industries and enhance energy efficiency.

The investment strategy of SLB Ventures is centered on providing capital and strategic support to promising startups, typically participating in Series A and Series B funding rounds. The fund explicitly targets investments ranging from $1 million to $20 million, reflecting its commitment to nurturing nascent companies with high growth potential. Beyond financial backing, SLB Ventures often offers portfolio companies access to SLB's extensive global network, technical expertise, and market reach, fostering synergistic relationships that can accelerate product development and market penetration. This approach allows SLB to gain insights into emerging technologies while helping startups scale.

SLB Ventures' portfolio spans a diverse range of innovative solutions crucial for the evolving energy landscape. This includes companies developing advanced energy storage solutions, hydrogen production technologies, carbon capture and utilization, geothermal energy, and digital platforms that optimize energy operations. By strategically investing in these areas, SLB reinforces its commitment to leading the energy industry's transformation. The fund's proactive engagement underscores SLB's dedication to fostering innovation and building a more sustainable and efficient energy ecosystem for the future.

Investor Profile

SLB has backed more than 38 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 32% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Manufacturing, Energy, Robotics.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $20M.

Stage Focus

  • Series B (26%)
  • Series A (21%)
  • Series C (13%)
  • Series D (11%)
  • Series Unknown (8%)
  • Post Ipo Equity (5%)
  • Debt Financing (3%)
  • Seed (3%)
  • Series G (3%)
  • Corporate Round (3%)

Country Focus

  • United States (68%)
  • United Kingdom (11%)
  • Canada (8%)
  • Australia (5%)
  • Germany (3%)
  • Norway (3%)
  • Belgium (3%)

Industry Focus

  • Manufacturing
  • Energy
  • Robotics
  • Aerospace
  • Battery
  • Oil And Gas
  • Renewable Energy
  • Industrial Automation
  • Sustainability
  • Chemical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does SLB frequently co-invest with?

Razor's Edge Ventures
North America, Virginia, United States, Reston
Co-Investments: 4
Casdin Capital
North America, New York, United States, New York
Co-Investments: 2
AeroVironment
North America, California, United States, Monrovia
Co-Investments: 2
Caterpillar Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
GE Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Climate Investment
Europe, England, United Kingdom, London
Co-Investments: 3
Transocean
Europe, Zug, Switzerland, Steinhausen
Co-Investments: 2
Co-Investments: 2
Saudi Aramco Energy Ventures
Asia, Ash Sharqiyah, Saudi Arabia, Dhahran
Co-Investments: 5
ARCH Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 3

Which angels does SLB often collaborate with?

BW
North America, Texas, United States
Shared Deals: 1
Marcos Galperin
South America, Distrito Federal, Argentina, Buenos Aires
Shared Deals: 1
JB
Europe, England, United Kingdom, London
Shared Deals: 1
Shared Deals: 1
DT
North America, Colorado, United States, Denver
Shared Deals: 1

What are some of recent deals done by SLB?

John Cockerill Hydrogen

Seraing, Liege, Belgium

John Cockerill Hydrogen is a major global company that specializes in green hydrogen technology.

Industrial Engineering
Series UnknownJun 24, 2025
Amount Raised: $134,704,063
RayGen

Nunawading, Victoria, Australia

RayGen is building lowest cost, long duration solar + storage to deliver the economics of pumped hydro with the flexibility of batteries.

BatteryClean EnergyEnergyEnergy StorageManufacturingRenewable EnergySolar
Series DApr 10, 2025
Amount Raised: $79,040,363
ILiAD Technologies

Carlsbad, California, United States

ILiAD Technologies is a private direct lithium extraction (DLE) technology firm.

Mining TechnologyPrecious Metals
Corporate RoundJul 31, 2024
RayGen

Nunawading, Victoria, Australia

RayGen is building lowest cost, long duration solar + storage to deliver the economics of pumped hydro with the flexibility of batteries.

BatteryClean EnergyEnergyEnergy StorageManufacturingRenewable EnergySolar
Series DApr 22, 2024
Amount Raised: $32,904,797
Geminus

Cambridge, Massachusetts, United States

Geminus is pioneering AI for engineering and science, delivering new, disruptive AI approaches based on physics.

AerospaceArtificial Intelligence (AI)ChemicalClean EnergyEnergy EfficiencyEnergy StorageOil and GasRenewable EnergySemiconductor
Series AJan 10, 2024
Amount Raised: $13,000,000
Immaterial

Cambridge, Cambridgeshire, United Kingdom

Immaterial develop nanomaterials that are super effective at storing and separating gas.

Chemical EngineeringEnergyManufacturingNanotechnology
Series ASep 19, 2023
The Exploration Company

Munich, Bayern, Germany

The Exploration Company develops, manufactures and operates modular and reusable spaceships serving the needs of space stations.

AerospaceAir TransportationManufacturingSpace Travel
Series AFeb 1, 2023
Amount Raised: $44,051,020
Nauticus Robotics

Webster, Texas, United States

Nauticus Robotics specializes in mechatronics, automation engineering, intelligent systems, and robotics.

Industrial AutomationMachinery ManufacturingMechanical EngineeringRoboticsSustainability
Post Ipo EquitySep 13, 2022
Amount Raised: $73,000,000
QLM Technology

Bristol, Bristol, City of, United Kingdom

Quantum Light Metrology (QLM) is a Bristol, UK- based startup developing ultra-compact, high-precision quantum optical sensors.

Sensor
Series AAug 4, 2022
Amount Raised: $14,591,404
Nauticus Robotics

Webster, Texas, United States

Nauticus Robotics specializes in mechatronics, automation engineering, intelligent systems, and robotics.

Industrial AutomationMachinery ManufacturingMechanical EngineeringRoboticsSustainability
Debt FinancingDec 15, 2021
Amount Raised: $34,000,000