Houston Ventures

Houston Ventures, established in 2004, is a Houston, Texas-based venture capital firm that invests in early to growth-stage companies across various sectors, with a focus on business products and services, energy, and information technology. The firm's investment strategy spans across communication, networking, and software sectors, aiming to support companies in their expansion and growth phases.

Fred Lummis

Junior Partner

Frederick Lummis

Junior Partner

Jim Newell

Managing Partner

5 past transactions

SecurityGate

Series A in 2020
SecurityGate, Inc. specializes in developing an integrated risk management platform focused on cybersecurity for operational technology (OT) and industrial control systems (ICS). The company's flagship product, SecurityGate.io, is a software as a service (SaaS) solution that transforms manual audit and assessment processes for risk management into digital workflows. This platform provides company leaders, governance risk and compliance departments, and IT teams with enhanced visibility into their OT/ICS environments. It employs intelligent systems to help Chief Information Security Officers (CISOs) assess business risks and formulate strategies to mitigate potential cyber threats. SecurityGate's platform streamlines risk management processes, enabling teams to implement necessary tactics more efficiently. Founded in 2017 and based in Houston, Texas, the company has attracted notable clients, including Chevron, Patterson UTI, and Westlake Chemical.

Osprey Data

Series A in 2018
OspreyData is a technology company based in San Juan Capistrano, California, that specializes in analyzing sensor data generated by high-value mechanical assets to enhance operational efficiency and prevent failures. Utilizing machine learning, OspreyData processes this data in real time, continuously improving its predictive insights. The company offers a physical systems intelligence platform that focuses on time series data, enabling the modeling of complex relationships among high-resolution signals. This platform complements existing monitoring systems, such as SCADA, by delivering deep insights into the behavior of intricate mechanical systems, including those in the oil and gas sector. By providing accurate operational decisions, OspreyData aims to help organizations prevent outages and accidents, ultimately maximizing the value derived from their critical assets.

Oseberg

Private Equity Round in 2016
Oseberg, LLC is a software company specializing in analytics solutions for the oil and gas industry, focusing on the Oklahoma and Texas markets. Founded in 2009 and headquartered in Oklahoma City, Oklahoma, with an additional office in New Orleans, Louisiana, Oseberg develops a software-as-a-service (SaaS) platform that aggregates public regulatory and county-level data. This platform allows users to search, map, mine, and conduct statistical analysis on a wide array of data, facilitating the discovery of leasing, drilling, and acquisition opportunities. Among its product offerings are atla, an energy data and mapping engine; soI, a data search tool; oseFrac, which organizes fracturing data; dataStream, which integrates with business intelligence systems; and oseberg map services. Oseberg’s solutions aim to enhance the efficiency and effectiveness of oil and gas exploration and operations by providing high-quality, normalized data.

LiquidFrameworks

Venture Round in 2013
LiquidFrameworks, Inc. is a provider of cloud-based mobile field operations management solutions tailored for the oil and gas, industrial, and environmental services industries. Founded in 2001 and headquartered in Houston, Texas, the company offers a comprehensive product suite known as FieldFX. This suite includes modules for e-ticketing, enterprise asset management, contract modeling, scheduling and dispatching, analytics, customer self-service, time tracking, electronic forms, and invoicing. These tools facilitate the automation of the quote-to-cash process, allowing companies to effectively manage jobs, quotes, contracts, and customer-specific requirements. By improving invoice accuracy, cash flow, and overall operational efficiency, LiquidFrameworks aims to enhance contract compliance and customer responsiveness for its clients.

Geoforce

Venture Round in 2013
Geoforce, Inc. is a provider of tracking and asset management solutions tailored for the oil and gas industry, as well as transportation and logistics sectors. Founded in 2007 and headquartered in Plano, Texas, with a subsidiary in Perth, Australia, the company offers a range of services including GPS-based tracking for both powered and non-powered equipment, fleet and vehicle management, and hazardous material tracking. Geoforce utilizes a combination of GPS, RFID, and wireless technologies through a customizable cloud-based platform, enabling clients to enhance operational efficiency, transparency, and safety while managing high-value assets. The company is recognized for its extensive experience in the oil and gas sector and operates one of the largest satellite asset tracking deployments in the industry. Additionally, Geoforce provides consulting, installation, and support services to ensure effective implementation and ongoing management of its solutions.
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