Norsepower Overview

  • Founded
  • 2012

Founded
  • Status
  • Private

  • Employees
  • 32

Employees
  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 16

Norsepower General Information

Description

Developer of cargo vessel auxiliary wind propulsion systems designed to reduce fuel consumption. The company's system is a 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
Alternative Energy Equipment
Electrical Equipment
Primary Office
  • Tammasaarenlaituri 3
  • 00180 Helsinki
  • Finland
+358 050 0000000

Norsepower Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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Norsepower Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC 01-Jan-2021 0000 Completed Generating Revenue
9. Later Stage VC 23-Aug-2019 00.000 0000 000.00 Completed Generating Revenue
8. Later Stage VC 25-Apr-2018 00.000 000.00 000.00 Completed Generating Revenue
7. Grant 01-Jan-2017 00.000 000.00 Completed Generating Revenue
6. Early Stage VC 24-Aug-2016 00.000 000.00 Completed Generating Revenue
5. Grant 22-Jul-2016 00.000 000.00 Completed Generating Revenue
4. Seed Round 05-Feb-2016 00.000 000.00 Completed Generating Revenue
3. Seed Round 22-Dec-2015 00.00 00.000 Completed Generating Revenue
2. Seed Round 21-May-2015 $2.79M $5.79M Completed Generating Revenue
1. Seed Round 01-Oct-2013 $3M $3M Completed Generating Revenue
To view Norsepower’s complete valuation and funding history, request access »

Norsepower Cap Table

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
To view Norsepower’s complete cap table history, request access »

Norsepower Patents

Norsepower Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-3202657-A1 Method and apparatus for damping motions of vessel Active 02-Feb-2016 00000000
EP-3202657-B1 Method and apparatus for damping motions of vessel Active 02-Feb-2016 00000000
AU-2015238993-A1 Method of manufacturing a rotor body of a magnus-type rotor Active 31-Mar-2014 00000000
AU-2015238993-B2 Method of manufacturing a rotor body of a magnus-type rotor Active 31-Mar-2014 00000000
CA-2943017-C Method of manufacturing a rotor body of a magnus-type rotor Active 31-Mar-2014 B63H9/02
To view Norsepower’s complete patent history, request access »

Norsepower Executive Team (8)

Name Title Board Seat Contact Info
Tuomas Riski Co-Founder, Chief Executive Officer, Managing Director, Board Member & Partner
Kaius Nevaste Chief Financial Officer & Board Member
Jarkko Väinämö Chief Technology Officer, Chief Operating Officer & Board Member
Jufo Peltomaa Chief Marketing Officer
Jukka Kuuskoski Chief Sales Officer & Board Member
You’re viewing 5 of 8 executive team members. Get the full list »

Norsepower Board Members (7)

Name Representing Role Since
Christer Antson Self Board Member 000 0000
Erik Floman Korkia Board Member 000 0000
Jukka Kuuskoski Norsepower Chief Sales Officer & Board Member 000 0000
Kaius Nevaste Norsepower Chief Financial Officer & Board Member 000 0000
Moray Martin Self Co-Founder & Board Member 000 0000
You’re viewing 5 of 7 board members. Get the full list »

Norsepower Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Norsepower Investors (16)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Tesi Fund of Funds Minority 000 0000 000000 0
MB Martin & Partners Venture Capital Minority 000 0000 000000 0
OGCI Climate Investments Venture Capital Minority 000 0000 000000 0
EASME - EU Executive Agency for SMEs Corporation Minority 000 0000 000000 0
Business Finland Accelerator/Incubator Minority 000 0000 000000 0
You’re viewing 5 of 16 investors. Get the full list »