Verlume Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 50

Employees

  • Latest Deal Type
  • Grant

  • Latest Deal Amount
  • $313K

  • Investors
  • 7

Verlume General Information

Description

Developer of subsea power hub technology designed to generate, store, and supply remote electrical power. The company's technology uses remote power generation to convert the energy within ocean currents and tides to electrical energy, store this energy, and deliver electrical power to subsea assets, enabling clients to use clean and renewable energy sources without polluting the environment around them.

Contact Information

Website
www.verlume.world
Formerly Known As
East Coast Oil & Gas Engineering, ECOG Engineering, EC-OG Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Kirkton Drive
  • Raiths Industrial Estate Dyce
  • Aberdeen AB21 0BG
  • Scotland, United Kingdom
+44 01224
Primary Industry
Alternative Energy Equipment
Other Industries
Electrical Equipment
Vertical(s)
CleanTech, Oil & Gas, Climate Tech
Corporate Office
  • Kirkton Drive
  • Raiths Industrial Estate Dyce
  • Aberdeen AB21 0BG
  • Scotland, United Kingdom
+44 01224

Verlume Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Verlume Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Grant 11-Dec-2023 $313K Completed Generating Revenue
6. Later Stage VC 31-Mar-2023 Completed Generating Revenue
5. Later Stage VC 21-Oct-2021 Completed Generating Revenue
4. Equity Crowdfunding 12-Jun-2019 Cancelled Generating Revenue
3. Early Stage VC 20-Jul-2016 Completed Generating Revenue
2. Grant 11-Dec-2015 $2.27M Completed Generating Revenue
1. Grant 01-May-2015 $7.48K Completed Startup
To view Verlume’s complete valuation and funding history, request access »

Verlume Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Preferred Ordinary
Preferred Ordinary
A Ordinary
C1 Ordinary
A Ordinary
B Ordinary
B Ordinary 2,500 $0.012129 $14.25 $14.25 1x $14.25 0.1%
A Ordinary 169,600 $0.012129 $7.15 $7.15 1x $7.15 6.96%
To view Verlume’s complete cap table history, request access »

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Verlume Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of subsea power hub technology designed to generate, store, and supply remote electrical power. The company's
Alternative Energy Equipment
Aberdeen, United Kingdom
50 As of 2025

Nesttun, Norway
 

Houston, TX
 
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Verlume Competitors (2)

One of Verlume’s 2 competitors is Corvus Energy, a Venture Capital-Backed company based in Nesttun, Norway.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Corvus Energy Venture Capital-Backed Nesttun, Norway
Quidnet Energy Venture Capital-Backed Houston, TX
You’re viewing 2 of 2 competitors. Get the full list »

Verlume Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Verlume Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Energy Transition Zone Infrastructure
Dunelm Energy Venture Capital Minority
The Scottish National Investment Bank Investment Bank Minority
KCP Nominees Corporation Minority
Castle View Ventures Holding Company Minority
You’re viewing 5 of 7 investors. Get the full list »

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Verlume Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
1847 Subsea Engineering Aberdeen, United Kingdom 2011

Verlume FAQs

  • When was Verlume founded?

    Verlume was founded in 2013.

  • Where is Verlume headquartered?

    Verlume is headquartered in Aberdeen, United Kingdom.

  • What is the size of Verlume?

    Verlume has 50 total employees.

  • What industry is Verlume in?

    Verlume’s primary industry is Alternative Energy Equipment.

  • Is Verlume a private or public company?

    Verlume is a Private company.

  • What is Verlume’s current revenue?

    The current revenue for Verlume is .

  • How much funding has Verlume raised over time?

    Verlume has raised $18.6M.

  • Who are Verlume’s investors?

    Energy Transition Zone, Dunelm Energy, The Scottish National Investment Bank, KCP Nominees, and Castle View Ventures are 5 of 7 investors who have invested in Verlume.

  • Who are Verlume’s competitors?

    Corvus Energy and Quidnet Energy are competitors of Verlume.

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