ECOsubsea

Storebo, Norway Founded: 2008 • Age: 18 yrs
Provider of eco-friendly hull cleaning for shipowners in sustainable ports
Annual revenue $41.4M Latest available
Total funding $12.0M 1 rounds
Employees 653 Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About ECOsubsea

ECOsubsea is a company based in Storebo (Norway) founded in 2008 by Klaus Ostervold and Tor Mikal Ostervold. ECOsubsea has raised $12 million across 1 funding round from investors including Blue Ocean. The company has 653 employees as of April 06, 2024. ECOsubsea offers products and services including Sustainable Hull Cleaning, Underwater Hull Inspection, and Niche & Propeller Management. ECOsubsea operates in a competitive market with competitors including Veolia, SUEZ, ISS FS Integrated Solutions, Synagro and REMONDIS, among others.

  • Headquarter Storebo, Norway
  • Employees 653 as on 06 Apr, 2024
  • Founders Klaus Ostervold, Tor Mikal Ostervold
  • Sectors
    Environment
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Electronic Arts Games (India) Private Limited
  • Jurisdiction Shaikpet, Telangana, India
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $41.42 M (USD)
    59.42
    as on Mar 31, 2023
  • Net Profit
    $6.79 M (USD)
    281.61
    as on Mar 31, 2023
  • EBITDA
    $10.42 M (USD)
    246.16
    as on Mar 31, 2023
  • Total Equity Funding
    $12 M (USD)

    in 1 rounds

  • Latest Funding Round
    $12 M (USD), Series B

    Oct 03, 2023

  • Investors
  • Employee Count
    653

    as on Apr 06, 2024

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Products & Services of ECOsubsea

ECOsubsea offers a comprehensive portfolio of products and services, including Sustainable Hull Cleaning, Underwater Hull Inspection, and Niche & Propeller Management.

Product name locked
Category locked
Primary

Eco-friendly removal of biofouling from ship hulls.

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Underwater assessment of ship hulls for maintenance needs.

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Management of ship propellers and niches to ensure efficiency.

Funding Insights of ECOsubsea

ECOsubsea has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series B round of $12 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in ECOsubsea

ECOsubsea has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blue Ocean.

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Venture Fund
Investor Description Founded Year Domain Location
Blue Ocean is focused on impact investments for ocean biodiversity regeneration.
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Investor details for ECOsubsea

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Investments & Acquisitions by ECOsubsea

Investments
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Investment portfolio details for ECOsubsea

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Financial Statements - ECOsubsea

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Ecosubsea Comparisons

ECOsubsea Primary company
Description
Provider of eco-friendly hull cleaning for shipowners in sus...
Location
Storebo, Norway
Founded Year
2008
Annual Revenue
$41.42 M (USD)
Net Profit
$6.79 M (USD)
EBITDA
$10.42 M (USD)
Employees
653
As of 2024
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Peer comparison for ECOsubsea

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Competitors of ECOsubsea

ECOsubsea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Veolia, SUEZ, ISS FS Integrated Solutions, Synagro and REMONDIS, among others.

Company Name Domain Founded year HQ Location Description
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Wastewater and energy management services are provided internationally.
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Provider of solutions for water and waste treatment
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Integrated facility management services are provided to businesses worldwide.
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Municipal and industrial wastewater treatment services are provided by Synagro.
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Waste management and water treatment services are provided internationally.
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Water and waste management services are provided in the UK.
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Detailed competitors of ECOsubsea

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Latest news on Ecosubsea

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Frequently Asked Questions about ECOsubsea

ECOsubsea was founded in 2008 and raised its 1st funding round 15 years after it was founded.

ECOsubsea is headquartered in Storebo, Norway. It is registered at Storebo, Vestland, Norway.

Tor Mikal Ostervold is the current CEO of ECOsubsea. They have also founded this company.

ECOsubsea is a funded company, having raised a total of $12M across 1 funding round to date.

As of Apr 06, 2024, the latest employee count at ECOsubsea is 653.

Annual revenue of ECOsubsea is $41.42M as on Mar 31, 2023.

ECOsubsea was founded in 2008 and is based in Storebo, Norway. Operations focus on the maritime sector, where eco-friendly hull cleaning is delivered to shipowners operating in sustainable ports. Services encompass biofouling detection, issuance of biofouling passports, and complete collection along with processing of removed materials. These activities support compliance and environmental standards in port environments.

ECOsubsea's top competitors include Veolia, ISS FS Integrated Solutions and SUEZ.

ECOsubsea offers Sustainable Hull Cleaning, Underwater Hull Inspection, and Niche & Propeller Management.

ECOsubsea has 1 investor. Key investors include Blue Ocean.

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