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Overview
EnergyFunders is the world’s largest online investment marketplace, disrupting the energy industry by evolving the way capital investment and energy projects come together to generate more profitable commerce.
Address
716 S Frio St, Ste. 201
San Antonio,
Texas
78207
Year Founded
2013
Operates In
Texas
Asset Classes
Oil & Gas
Accepted Investors
Accredited
highlighted review
Verified Investor
1.00
"Worst investment"
ABSOLUTELY WOULD NOT INVEST AGAIN. Worst investment I've ever made as I’m facing a ~95% loss. Fortunately I didn’t invest much. Energy Funders buys shares in gas wells and was supposed to pay out monthly (either in $ or BTC). Energy Funders made bad buys… drilled holes that were ultimately non productive. Distributions stopped after a couple of months (2022/2023)… little to no communication… Many people quit or moved on from the company and there has been a revolving door as CEOs and CFOs have joined and then ‘quickly exited’ the mess. K1s delayed several months. A suspicious $4.5 million loan was made using investor funds and was apparently unsecured and NOT paid back. I’ve noticed that some people who have left removed reference to working for Energy Funders from their LinkedIn profiles. One board member arrested for defrauding his clients (Chris Pettit) and now serving 50 years. One investor has been threatened with a lawsuit for speaking out about the mess (so I have to be careful here). Never the less… I’m avoiding any future investment that is associated with EnergyFunders, Laura Pommer, Virginia Urban Light, Paul Black, Gray Street Partners or Paleo Oil. Before the investment, communication was great... but somewhere after the investment it seems that things went downhill. Key people had left. Google 'Chris Pettit' for more. Check out the Wikipedia page for 'Energy Funders'. Search Reddit for 'Energy Funders' for more info. Notice that their social media pages are silent with no activity. AND... believe it or not, they are still looking for more investors after this debacle.
Verified Investor
1.00
"Worst investment"
ABSOLUTELY WOULD NOT INVEST AGAIN. Worst investment I've ever made as I’m facing a ~95% loss. Fortunately I didn’t invest much. Energy Funders buys shares in gas wells and was supposed to pay out monthly (either in $ or BTC). Energy Funders made bad buys… drilled holes that were ultimately non productive. Distributions stopped after a couple of months (2022/2023)… little to no communication… Many people quit or moved on from the company and there has been a revolving door as CEOs and CFOs have joined and then ‘quickly exited’ the mess. K1s delayed several months. A suspicious $4.5 million loan was made using investor funds and was apparently unsecured and NOT paid back. I’ve noticed that some people who have left removed reference to working for Energy Funders from their LinkedIn profiles. One board member arrested for defrauding his clients (Chris Pettit) and now serving 50 years. One investor has been threatened with a lawsuit for speaking out about the mess (so I have to be careful here). Never the less… I’m avoiding any future investment that is associated with EnergyFunders, Laura Pommer, Virginia Urban Light, Paul Black, Gray Street Partners or Paleo Oil. Before the investment, communication was great... but somewhere after the investment it seems that things went downhill. Key people had left. Google 'Chris Pettit' for more. Check out the Wikipedia page for 'Energy Funders'. Search Reddit for 'Energy Funders' for more info. Notice that their social media pages are silent with no activity. AND... believe it or not, they are still looking for more investors after this debacle.