Norsepower

Norsepower Overview

Founded 2012
Founded
Status Private
Employees 5
Employees
Latest Deal Type Later Stage VC
Latest Deal Amount $8.91M
Latest Deal Amount
Investors 12

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.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Industrial Supplies and Parts
Other Industries
Other Energy
Primary Office
  • Tallberginkatu 2 A
  • 00180 Helsinki
  • Finland
+358 050 0000000

Norsepower Timeline

2017201820192020
Financing RoundCaptured Employee CountEstimated Employee Growth
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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

Norsepower Investors (12)

To view Norsepower‘s full investor history, request access >>
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Oil and Gas Climate Initiative Venture Capital Minority 000 0000 000000 0
European Commission Government 000 0000 000000 0
Korkia PE/Buyout Minority 000 0000 000000 0
Valve Ventures Family Office Minority 000 0000 000000 0
Horizon 2020 Government 000 0000 000000 0

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