Norsepower
Reduces the environmental impact of shipping by providing efficient, easy to use and reliable auxiliary wind propulsion for ships.
Launch date
Employees
Market cap
-
Enterprise valuation
€112—168m (Dealroom.co estimates Mar 2023.)
Company register number 2506251-5
Helsinki Uusimaa (HQ)
Financials
Estimates*
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | 1.0m | 5.2m | 2.5m | 4.1m | 6.0m |
| % growth | 903 % | (40 %) | 77 % | 399 % | (52 %) | 65 % | 46 % |
| EBITDA | <1m | (<1m) | (1.2m) | (<1m) | (2.4m) | (4.3m) | - |
| % EBITDA margin | 2 % | (81 %) | (112 %) | (16 %) | (99 %) | (104 %) | - |
| Profit | (<1m) | (1.4m) | (2.6m) | (2.3m) | (3.9m) | (5.3m) | - |
| % profit margin | (81 %) | (230 %) | (252 %) | (45 %) | (160 %) | (130 %) | - |
| R&D budget | 2.0m | 1.0m | 1.0m | 5.0m | - | - | - |
| R&D % of revenue | 203 % | 170 % | 96 % | 96 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
€300k | Early VC | ||
€600k | Early VC | ||
* | €3.0m | Seed | |
$2.6m | Early VC | ||
€1.6m | Grant | ||
* | €3.6m | Early VC | |
* | $8.8m | Early VC | |
* | €10.0m | Debt | |
* | €28.0m | Series C | |
| Total Funding | €47.4m | ||
