ML One develops Russian technologies for multilateral well completion that enable the deployment of lateral branches with varied functionality and constructions. The company’s solutions were introduced at its founding in 2017 and the firm says its portfolio includes more than 260 completed jobs, described as unprecedented in global practice. ML One is managed by an LLC formed in 2017. In 2023 the company reported revenue of 383.7 million rubles and a net profit of 27 million rubles. The newly raised funds will be used to purchase materials and equipment and to build inventory stocks. Ownership is split 45%/45% between Alexander Kashlev and Ivan Mnatsakanov (their stakes are pledged to several organisations, including the Moscow Venture Fund), with 5% held by Sergey Fedotov and 5% by Adala Compliance Limited (registered in Cyprus).

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2024