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
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Sectors
Environment
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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
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Annual Revenue
$41.42 M (USD)59.42as on Mar 31, 2023
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Net Profit
$6.79 M (USD)281.61as on Mar 31, 2023
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EBITDA
$10.42 M (USD)246.16as on Mar 31, 2023
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Total Equity Funding
$12 M (USD)
in 1 rounds
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Latest Funding Round
$12 M (USD), Series B
Oct 03, 2023
- Investors
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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.
Eco-friendly removal of biofouling from ship hulls.
Underwater assessment of ship hulls for maintenance needs.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $12.0M
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First Round
First Round
(03 Oct 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - ECOsubsea | Valuation | Blue Oceans Partners |
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Investors in ECOsubsea
ECOsubsea has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blue Ocean.
| Investor | Description | Founded Year | Domain | Location |
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Blue Ocean is focused on impact investments for ocean biodiversity regeneration.
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Founded Year | Domain | Location |
Investments & Acquisitions by ECOsubsea
Financial Statements - ECOsubsea
Ecosubsea Comparisons
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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wastewater and energy management services are provided internationally.
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| domain | founded_year | HQ Location |
Provider of solutions for water and waste treatment
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| domain | founded_year | HQ Location |
Integrated facility management services are provided to businesses worldwide.
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| domain | founded_year | HQ Location |
Municipal and industrial wastewater treatment services are provided by Synagro.
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| domain | founded_year | HQ Location |
Waste management and water treatment services are provided internationally.
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| domain | founded_year | HQ Location |
Water and waste management services are provided in the UK.
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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. The company's 1st funding round was a Series B of $12M, raised on Oct 03, 2023.
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.