When was GenOil founded?

GenOil was founded in 1996 and raised its 1st funding round 14 years after it was founded.

Where is GenOil located?

GenOil is headquartered in Calgary, Canada.

How many employees does GenOil have?

As of May 31, 2026, the latest employee count at GenOil is 10.

Is GenOil a funded company?

GenOil is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on Feb 11, 2010.

When was the latest funding round of GenOil?

GenOil's latest funding was a $***** Unattributed round on Feb 11, 2010, with participation from 0 investor.

Where does GenOil rank among its competitors?

GenOil ranks 2nd amongst 17 active competitors, of which 4 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Advanced Energy Materials, which secured $1.3M in Aug, 2024.

Who are the top competitors of GenOil?

GenOil's top competitors include Valent, Bayshore Petroleum and Advanced Energy Materials. Among them, Advanced Energy Materials secured the most recent funding round in August, 2024.

GenOil - 2026 Company Profile, Team, Funding & Competitors

GenOil is an early stage company based in Calgary (Canada), founded in 1996. It operates as a Technology developer for processing crude oil. GenOil has raised $613K in funding. The company has 17 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Valent, Bayshore Petroleum and Advanced Energy Materials.

Company Details

Genoil develops technologies for processing heavy oil, including technologies for cleaning sand produced from heavy oil operations, upgrading heavy oil to light oil with hydrogen, and oil/water separation technologies. In addition, the company develops and owns advanced patents for desulfurization and upgrading of crude oil.

Website: genoil.ca
Social

Key Metrics

Founded Year

1996

Location

Calgary, Canada

Stage

Early Stage

Total Funding

$613K in 1 round

Latest Funding Round

Unattributed, Feb 11, 2010, $*****

Ranked

2^nd among 17 active competitors

Employee Count

10 as on May 31, 2026

Similar Companies

Valent & 17 more

View GenOil's full profile

GenOil is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GENOIL INC CIN: 1261002 , United States, Active		$1 - $1M (As on Feb 11, 2010)	-	-

GenOil has raised a total funding of $613K over 1 round.

Here is the list of recent funding rounds of GenOil:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2010	3234086	Unattributed	2673614	1363987	9172474	2270854

Access funding benchmarks and valuations. Sign up today!

View details of GenOil's funding rounds and investors

GenOil's employee count trend

GenOil has 10 employees as of May 26. Here is GenOil's employee count trend over the years:

Uncover GenOil's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of GenOil include Valent, Bayshore Petroleum and Advanced Energy Materials. Here is the list of Top 10 competitors of GenOil, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Valent 2018, Mississauga (Canada), Series B	Provider of renewable fuels and oil desulfurization solutions	$30M	Kensington Capital Partners, World Energy	41/100
2nd	GenOil 1996, Calgary (Canada), Early Stage	Technology developer for processing crude oil	$613K	-	37/100
3rd	Bayshore Petroleum 2003, Calgary (Canada), Public	Developer of catalyst-based technology for processing heavy oil and oil sand	-	-	30/100
4th	Advanced Energy Materials 2010, Louisville (United States), Seed	Developer of nano-based battery components	$1.3M	National Science Foundation	29/100
5th	Auterra 2003, Schenectady (United States), Deadpooled	Innovative desulfurization technologies for cleaner energy and reduced environmental impact	$3.21M	VCFA Group, Back Bay Group & 6 others	29/100
6th	RRT Global 2011, Saint Petersburg (Russia), Seed	Technology developer for modern oil refining processes	-	Terra VC, Bright Capital & 2 others	27/100
7th	Alternative Petroleum Technologies 2008, Reno (United States), Late Stage	Environmental tech company providing clean fuel and desulfurization solutions	-	West Mountain	25/100
8th	Newskyenergy 2007, Boulder (United States), Seed	Developer of chemical technologies for industrial waste conversion and gas treatment	$218K	Imagine H2O	25/100
9th	CHEM DROP 2017, Tallahassee (United States), Unfunded	Provider of a product outlets and contaminant removal solutions from crude oils	-	-	24/100
10th	Reclaim Environmental Group 2003, Atlanta (United States), Unfunded	Crude oil and petroleum desulfurization solution provider	-	-	24/100