Set up in late 2018, we are a team of business builders, with deep capabilities in tech, talent, and growth marketing. We turn breakthrough technologies and business models from inside and outside bp into high potential businesses. Then we grow them really fast.
Launchpad operates like private equity, feels like a start-up, but is deeply connected to bp, focused on accessing the unique advantages that only a global energy company can bring.
Today we have four growth businesses in our portfolio:
- Lytt (lytt.com): a subsurface analytics business, using distributed acoustic sensing business. At the end of 2018, Lytt was a technology team of two, today it employs around 30 people and is revenue-generating
- STRYDE (strydefurther.com): Next generation land seismic receiver technology business, leveraging bp’s industry leading seismic capability and relationships with operators’ seismic contractors. STRYDE’s technology breaks the cost/time trade-off to generate high quality seismic images of the subsurface
- Fotech (fotech.com): an innovative technology company focused on developing and deploying advanced fibre optic sensing hardware targeting the smart cities, security and oil and gas sectors. Launchpad acquired in late 2019; bp Ventures has been a minority investor in Fotech since 2013
- Onyx (onyxinsight.com): a leader in predictive analytics for the wind sector. bp sees huge potential in building a world-class predictive analytics platform serving the growing wind market, including bp’s own wind business, the largest in the US.
For more information on Launchpad, visit itslaunchpad.com.