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.
Website
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 |
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 |
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 |