Taylor Wessing advises GA Drilling on USD 44.1M investment to commercialize NexTitan drilling technology

Taylor Wessing has advised GA Drilling, a leader in advanced geothermal and deep-drilling technology, in the successful closing of a USD 44.1 million investment round to accelerate the commercial deployment of its NexTitan drilling system.

The funding round was led by TomEnterprise Private AB with participation from Underground Ventures and strategic investment from Nabors Industries, a global drilling contractor with extensive operational reach and energy transition commitments.

NexTitan is a next-generation downhole control and anchoring technology that delivers autonomous, real-time drilling stability and operational improvements. Field testing has proved its capability to deliver consistent performance in challenging conditions, marking a key milestone toward scalability and deeper geothermal deployment.

Juraj Frindrich, partner at Taylor Wessing:

“A strong strategic investment round with partners like TomEnterprise Private AB and Nabors Industries is a pivotal step for bringing NexTitan from field-tested technology to market-ready solution,” said Juraj Frindrich.

Igor Kočiš, founder of GA Drilling:

“Securing this level of investment validates both the technology and the long-term vision behind NexTitan as a genuinely transformative drilling solution for the market,” said Igor Kocis. “We greatly value Taylor Wessing’s pragmatic and commercially focused advice, which was essential in successfully closing this transaction.”

About GA Drilling:

GA Drilling is a technology innovator focused on overcoming the economic and technical barriers of deep and ultra-deep drilling. Its proprietary systems are designed to reduce costs and improve drilling control and speed, enabling reliable and cost-effective access to geothermal and other energy resources.

Team

This transaction drew on the expertise offered by the firm’s Corporate/M&A team. The team was led by Corporate/M&A partner Juraj Frindrich and composed of senior associate Juraj Paluš and associate Kristina Kešnerová.