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Norsepower

Norsepower
2012 FOUNDED
PRIVATE STATUS
1-10 EMPLOYEES
Later Stage VC LATEST DEAL TYPE
$8.91M LATEST DEAL AMOUNT
12 INVESTORS
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.

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
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Norsepower Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Later Stage VC 23-Aug-2019 $8.91M 0000 Completed Generating Revenue/Not Profitable
7. Later Stage VC 25-Apr-2018 00.000 000.00 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
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Norsepower Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
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
You’re viewing 5 of 12 investors. Get the full list »

Norsepower Executive Team (4)

Name Title Board
Seat
Contact
Info
Tuomas Riski Founder, Chief Executive Officer & Partner
Jarkko Väinämö Chief Technology Officer
Jukka Kuuskoski Chief Sales Officer
Jorma Eloranta Advisor

Norsepower Board Members (5)

Name Representing Role Since Contact
Info
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