Norsepower Overview
Latest Deal Type
Later Stage VC
Latest Deal Amount
$8.91M
Norsepower General Information
Description
Provider of cargo vessel auxiliary wind propulsion systems designed to reduce fuel consumption. The company's system is a proven, low-maintenance, easy to use and reliable fuel-saving technology to significantly reduce both fuel costs and greenhouse gas emissions of ships, enabling maritime industries to ensure their durability, safety, long lifetime, easy operations and low maintenance costs.
Norsepower Timeline
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Norsepower Valuation & Funding
| Deal Type |
Date |
Amount |
Raised to Date |
Post-Val |
Status |
Stage |
| 8. Later Stage VC |
23-Aug-2019 |
$8.91M |
0000 |
000.00 |
Completed |
Generating Revenue/Not Profitable |
| 7. Later Stage VC |
25-Apr-2018 |
00.000 |
000.00 |
000.00 |
Completed |
Generating Revenue/Not Profitable |
| 6. Early Stage VC |
24-Aug-2016 |
00.000 |
000.00 |
|
Completed |
Generating Revenue/Not Profitable |
| 5. Grant |
22-Jul-2016 |
00.000 |
000.00 |
|
Completed |
Generating Revenue/Not Profitable |
| 4. Seed Round |
05-Feb-2016 |
00.000 |
000.00 |
|
Completed |
Generating Revenue/Not Profitable |
| 3. Seed Round |
22-Dec-2015 |
00.00 |
00.000 |
|
Completed |
Generating Revenue/Not Profitable |
| 2. Seed Round |
21-May-2015 |
$2.79M |
$5.79M |
|
Completed |
Generating Revenue/Not Profitable |
| 1. Seed Round |
01-Oct-2013 |
$3M |
$3M |
|
Completed |
Generating Revenue/Not Profitable |
Norsepower Cap Table
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| Stock |
# of Shares
Authorized |
Par Value |
Dividend Rate (%) |
Original
Issue Price |
Liquidation |
Liquidation
Pref. Multiple |
Conversion Price |
% Owned |
| C Class |
00,000,000 |
|
|
00.00 |
00.00 |
00 |
00.00 |
00.000 |
| Ordinary |
0,000,000 |
|
|
00.00 |
00.00 |
00 |
00.00 |
00.000 |
Norsepower Executive Team (5)
| Name |
Title |
Board Seat |
Contact Info |
| Tuomas Riski |
Founder, Chief Executive Officer & Partner |
|
|
| Kaius Nevaste |
Chief Financial Officer |
|
|
| Jarkko Väinämö |
Chief Technology Officer |
|
|
| Jukka Kuuskoski |
Chief Sales Officer |
|
|
| Jorma Eloranta |
Advisor |
|
|
Norsepower Board Members (5)
| Name |
Representing |
Role |
Since |
| Christer Antson |
Self |
Board Member |
000 0000
|
| Erik Floman |
Korkia |
Board Member |
000 0000
|
| Moray Martin |
Self |
Board Member |
000 0000
|
| Timo Ahopelto |
Lifeline Ventures |
Chairman |
000 0000
|
| Vesa Sadeharju |
VNT Management |
Board Member |
000 0000
|