Russian oilfield services company ML One attracted investment of 50 million rubles

The remaining 25 million rubles were invested in ML One by the fund’s partner, whose name was not revealed by the fund’s press service. ML One will use the funds raised to purchase materials and equipment and increase warehouse stock.

ML One specializes in the development of Russian multilateral well completion technologies. The company’s range of solutions allows it to produce side branches of various functionalities and designs.

According to the press service of the Moscow venture fund, ML One’s portfolio includes more than 260 completed works, which is unprecedented in world practice. At the time of its founding in 2017, the company offered technological systems to the market that had no analogues, the fund notes.

ML One is managed by ML Van Solutions LLC, established in 2017. According to the Unified State Register of Legal Entities, in 2023 the company achieved revenue of 383.7 million rubles and a net profit of 27 million rubles. 45% of the company’s capital each belongs to Alexander Kashlev and Ivan Mnatsakanov, whose shares are pledged in several organizations, including the Moscow Venture Fund. Sergey Fedotov and Adala Compliance Limited each own 5% of ML One; the latter is registered in Cyprus.