About Faroe Petroleum
Faroe Petroleum is an Energy & Utilities company based in Aberdeen (United Kingdom) founded in 1997, and was acquired by DNO in February 2019. Jute and cotton bags, ribbons, and decorative items are manufactured. Its focus areas include Energy, Oil & Gas Upstream and Diversified.
Company details
Faroe Petroleum was established in 1997 in Aberdeen City, Scotland, within the manufacturing sector focused on textiles and decorative goods. Jute and cotton bags are produced for applications including gifts, beach use, wine carrying, promotions, shopping, and fashion. Wrapping sheets, rolls, and items for Christmas and other festivals are also created. Custom designs and sizes are available, with operations covering jute cultivation, weaving, spinning, dyeing, printing, and stitching.
Funding Insights of Faroe Petroleum
- Total Rounds 4
- Last Round Post-IPO — $6.65M
- First Round $99.69M
(Nov 2010)
- Investors Count 1
All 4 funding rounds of Faroe Petroleum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $6.65M | Post-IPO | – | – | |
| Nov 2017 | $100,000 | Debt – Conventional | – | – | – |
| Jul 2016 | $81.38M | Post-IPO | – | – | – |
| Nov 2010 | $99.69M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Faroe Petroleum
Faroe Petroleum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DNO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Upstream oil and gas company | 1971 | dno.no | Oslo, Norway |
Investor details for Faroe Petroleum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Faroe Petroleum
5 dated milestones of Faroe Petroleum across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Faroe Petroleum is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $99.7M.
- Funding Latest funding round, Post-IPO, of $6.6M.
- Exit Acquired by DNO.
Web traffic of Faroe Petroleum
Websites that share an audience with Faroe Petroleum (fp.fo).
Websites whose visitors overlap most with Faroe Petroleum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ithacaenergy.com | 89% | 9.1K | #2,477,828 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Faroe Petroleum
Faroe Petroleum was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Faroe Petroleum is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Faroe Petroleum was established in 1997 in Aberdeen City, Scotland, within the manufacturing sector focused on textiles and decorative goods. Jute and cotton bags are produced for applications including gifts, beach use, wine carrying, promotions, shopping, and fashion. Wrapping sheets, rolls, and items for Christmas and other festivals are also created. Custom designs and sizes are available, with operations covering jute cultivation, weaving, spinning, dyeing, printing, and stitching.
Faroe Petroleum has 1 investor. Key investors include DNO.
Yes. Faroe Petroleum was acquired by DNO in February 2019.