The BIG platform

Fueling a groundbreaking idea during an oil industry slump

Founded: 2014
Website: raptorrig.com

COMPANY PROFILE

Raptor Rig is an oil and gas automation company that builds technology to automate drilling procedures. Their products and services have revolutionized an industry reliant on archaic and often unsafe practices, empowering improved efficiency, employee safety and cost savings.

The challenge

Raptor Rig was sitting on an idea, poised to disrupt the multi-billion dollar oil and gas industry. Their founders had leveraged their combined tech, design and engineering backgrounds to concept the world’s first automated drilling rig. Despite their unrivaled expertise, they were struggling to turn their idea into a business. Namely, they needed funding. But in the midst of an industry-wide economic depression, building confidence in potential investors was an uphill battle. They pulled in BIG for help.

How we tackled it

BIG facilitated a capital infusion that fueled the product development, internal operations and business development Raptor Rig needed to transform from an idea to an industry leader.

BIG WIN: WE NAVIGATED AN ECONOMIC DEPRESSION TO CLOSE 3 ROUNDS OF FUNDING

BIG brought in our partners at Axial Energy Technology, an early-stage venture firm hyper-focused on high-potential oil and gas tech startups. In addition to their initial investment, we led two subsequent rounds of funding – all the while allowing Raptor Rig’s founders to maintain 65% ownership in their compan

BIG WIN: WE BUILT RAPTOR RIG’S INTERNAL INFRASTRUCTURE FROM THE GROUND UP

Getting funding was only the beginning. Raptor Rig needed help building the business around their idea. We used RIPKIT, our our proprietary business acceleration methodology, to set up an internal infrastructure that kept operations working seamlessly in the background while internal teams focused on product building and partnerships.

BIG WIN: WE LED BUSINESS DEVELOPMENT TO LAND KEY PARTNERS

Raptor Rig was built by visionary leaders, but like many founders, they were experts in their product who struggled with sales and storytelling. We crafted a business development narrative, built and managed relationships with key partners and negotiated contracts, all allowing Raptor Rig to stay focused on what they knew best: their product.

Building Impossible

Many companies would forfeit the challenge to build a new business in an economically depressed industry – but BIG saw an opportunity. Today Raptor Rig continues to lead the oil and gas automation space, and are recognized as the innovative team who sparked the advancement of modern drilling practices.

FAQ

We would love to hear from you! To answer some of the most common questions we receive, we’ve created an FAQ below.

Will you invest in my company?
Sorry, Business Instincts Group does not offer financing. However, we recommend you check out Build Impossible, our virtual accelerator. Our members have access to growth classes, tech, and coaches, and an exclusive financing community.
Can I speak directly to Cameron Chell?
Cam would love to have the chance to speak to everyone but with his busy schedule building impossible, he’s unable to.

For speaker and media inquiries, please contact arian@businessinstincts.com

For inquiries about working with BIG, please contact hello@businessinstincts.com

I have a business idea OR I’m just getting started, can you help me?
Yes! We have a virtual accelerator just for you. Get access to some of our best secrets and tips at www.buildimpossible.com.
I have an established business but we have some issues. How can BIG help?
Using our proprietary tools and processes, we can help define how to work through your current issues and move you to the next level in your business. We have scaled dozens of leading companies, and yours might be next. Please contact hello@businessinstincts.com to get started.
I work in media and would love the opportunity to speak to the founders of BIG on some of their current exciting projects.
We’d love to speak to you too! Please contact arian@businessinstincts.com
I am an investor in a current portfolio company, and have a question about the status of the company. Who do I speak to?
Absolutely, please email investor@businessinstincts.com and we will make sure we get you in touch with the right person.
I am an investor, can you help me with my next big opportunity?
Yes! We would love to share the amazing projects we are currently working on, primarily in new tech. Please contact hello@businessinstincts.com.

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