
Enverus is a leading energy-focused technology company providing a comprehensive SaaS platform and advanced analytics for the entire energy value chain. Their products serve multiple sectors including oil & gas, power & renewables, midstream, minerals, financial services, and trading & risk. Enverus RFx, formerly BidOut, is a specialized oilfield bidding software that streamlines procurement by enabling supply chain and operations teams to quickly create, compare, and award bids from a vetted network of suppliers across North America. The platform enhances transparency, compliance, and efficiency with features like AI-powered templates, searchable audit trails, and integrated communication. Enverus supports customers with professional services and offers a broad suite of related products to optimize energy operations and investments. The company is positioned as a technology partner dedicated exclusively to the energy sector, with over 35,000 suppliers and thousands of energy customers, processing billions in annual spend.

Enverus is a leading energy-focused technology company providing a comprehensive SaaS platform and advanced analytics for the entire energy value chain. Their products serve multiple sectors including oil & gas, power & renewables, midstream, minerals, financial services, and trading & risk. Enverus RFx, formerly BidOut, is a specialized oilfield bidding software that streamlines procurement by enabling supply chain and operations teams to quickly create, compare, and award bids from a vetted network of suppliers across North America. The platform enhances transparency, compliance, and efficiency with features like AI-powered templates, searchable audit trails, and integrated communication. Enverus supports customers with professional services and offers a broad suite of related products to optimize energy operations and investments. The company is positioned as a technology partner dedicated exclusively to the energy sector, with over 35,000 suppliers and thousands of energy customers, processing billions in annual spend.
Product: RFx and bidding SaaS for oil & gas procurement with a proprietary anonymous reverse-auction (
Procurement and bidding for oil & gas / energy operations
2020
Energy (Oil & Gas)
Round included 2 investors; other disclosed investor: Leazar Capital; amount not publicly disclosed on Crunchbase.
“Backed in pre-seed by energy-focused investors Ascent Energy Ventures (lead) and Leazar Capital.”