32 Degrees Capital

32 Degrees Capital is a private equity and venture capital firm based in Calgary, Canada, founded in 2004. The firm specializes in investing in the energy sector, with a particular focus on oil and gas companies. It targets early-stage, growth, mid-venture, and late-venture opportunities, primarily in crude oil and natural gas exploration and production, as well as energy service, equipment, and manufacturing businesses. While the firm predominantly invests in private companies located in Canada, it also evaluates opportunities in the United States and internationally.

2 past transactions

Western Oilfield Equipment

Seed Round in 2014
Western Oilfield Equipment is a proprietary drilling technology products company focused on increasing the safety and efficiency, reducing the cost and lowering the environmental impact of horizontal drilling. The company's VAC SCREEN system uses negative pressure or vacuum to overcome the surface tension of the drilling fluid. This allows the cuttings to passively release the oil adsorbed to them which results in a significant reduction of 30-40% of oil in cuttings without any increase in Low Gravity Solid. The cycles are digitally recorded and recovery volumes are reported back at the end of each well.

Lithion Power Group

Venture Round in 2013
Lithion Power Group is an integrated oil and gas service company with a product base uniquely geared to support the constantly changing drilling environment. Our focus is to increase efficiencies for our customers by integrating tools from the drilling rig to the drill bit.
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