About Foreship
Foreship is an Aerospace, Defense & Maritime company based in Helsinki (Finland) founded in 2002, and was acquired by RINA in June 2025. It operates as a ship design and engineering services are provided globally. The company has 5 employees. Its chief executive is Lauri Haavisto. Foreship offers products and services including Newbuilding Services and Conversions Services. Its focus areas include Aerospace, Maritime and Defense and Ship Design and Engineering Services. Its legal entity is Foreship Ltd.
Company details
Foreship was established in 2002 in Helsinki, Finland, as a provider of ship design and engineering services within the maritime sector. Operations are centered in Helsinki, where technical expertise is applied to vessel conceptualization, structural analysis, and compliance with international standards. Services encompass full lifecycle support for commercial and specialized ships, serving clients across Europe and beyond. Leadership is held by CEO Lauri Haavisto.
Products & Services of Foreship
Foreship offers a comprehensive portfolio of products and services, including Newbuilding Services and Conversions Services.
Services are provided for concept development and design of new ships, focusing on the cruise industry
Retrofits and upgrades are handled for vessels such as cruise ships and cargo ships
Funding Insights of Foreship
- Total Rounds 1
- Last Round Grant — $359,639
- First Round $359,639
(Jan 2021)
- Investors Count 1
All 1 funding rounds of Foreship 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 |
|---|---|---|---|---|---|
| Jan 2021 | $359,639 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Foreship
Foreship has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include RINA, European Union and Vaaka Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Vaaka Partners is engaged in private equity investment management. | – | vaakapartners.fi | Helsinki, Finland | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Provider of business services for energy, transport & infrastructure sectors | 1861 | rina.org | Genoa, Italy |
Investor details for Foreship
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Foreship
21 people are tracked at Foreship (14 in leadership, 7 in team); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Lauri Haavisto | CEO | Leadership |
Olli Somerkallio | Chief Operating Officer | Leadership |
Sven Varushkin | General Manager, Foreship Oü | Leadership |
Petri Heinänen | Head Of Machinery Department | Leadership |
Markus Aarnio | Chief Naval Architect | Leadership |
Jan - Erik Räsänen | Cto, Foreship Ltd. | Leadership |
Joonatan Haukilehto | Head Of New Technologies | Leadership |
Shaun White | Managing Director, Foreship UK Ltd. | Leadership |
Ari Huttunen | Head Of Ferry Design | Leadership |
Ronny Johansson | Head Of Electrical Department | Leadership |
Benjamin Sward | President, Foreship LLC | Leadership |
Samuel Engström | Head Of Interior Department | Leadership |
Santeri Ihalainen | Head Of Project Department | Leadership |
Marcus Höglund | Head Of HR And Quality Management | Leadership |
Ted Troberg | Project Manager | Team |
Niklas Saari | Project Manager, Machinery | Team |
Daniel Grönroos | Project Manager | Team |
Sabra Razooqibastak | Msc. Naval Architect / Senior Specialist, CFD & Hydrodynamics | Team |
Viktor Gingsjö | Senior Specialist, Technology & Decarbonization | Team |
Michelle Cottet | Marketing And Communications Manager | Team |
1 more people are available in the full profile.
Complete people profiles for Foreship
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Foreship
4 dated milestones of Foreship across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Foreship is founded.
- Exit Acquired by Vaaka Partners.
- Funding First funding round of $360K.
- Exit Acquired by RINA.
Top companies in Ship Design & Manufacturing
10 companies that operate in the same segment as Foreship (Ship Design & Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Shipbuilding and machinery segments are operated worldwide. | 1972 | Ulsan, South Korea | – | USD 12.17 B | 14,540 | |
On-road load handling equipment is manufactured for various industries. | 2005 | Madrid, Madrid, Spain | – | USD 1.82 B | 4,230 | |
Engines, marine propulsion systems, and parts are manufactured and distributed. | 1939 | Fond Du Lac, Wisconsin, United States | – | USD 1.91 M | – | |
Marine components are manufactured, ships repaired, and management services provided. | 1927 | Gorinchem, South Holland, Netherlands | USD 29.3 M | – | – | |
Provider of ship building and repair services | 1886 | North Vancouver, British Columbia, Canada | – | – | 1,415 | |
Bespoke luxury yachts are designed and built to client specifications. | 1958 | Ameglia, Liguria, Italy | USD 64.38 M | USD 1.18 B | 1,660 | |
Ship design and engineering services are provided globally. | 1972 | Kochi, Kerala, India | – | USD 535.26 M | 3,540 | |
Ship design and engineering services are provided to maritime clients. | 2007 | Virginia Beach, Virginia, United States | USD 10 M | – | 622 | |
Ship building and repair equipment is manufactured by CSSC. | 1982 | Haidian, Beijing, China | – | USD 21.68 B | 14,990 | |
Boats and marine parts are manufactured and designed. | 1845 | Vernon Hills, Illinois, United States | – | USD 5.36 B | – |
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Frequently Asked Questions about Foreship
Foreship was founded in 2002 and raised its 1st funding round 19 years after it was founded.
Foreship is headquartered in Helsinki, Finland.
Lauri Haavisto is the current CEO of Foreship.
Foreship has 5 employees.
Annual revenue of Foreship is $895.12K as on Oct 31, 2023.
Foreship was established in 2002 in Helsinki, Finland, as a provider of ship design and engineering services within the maritime sector. Operations are centered in Helsinki, where technical expertise is applied to vessel conceptualization, structural analysis, and compliance with international standards. Services encompass full lifecycle support for commercial and specialized ships, serving clients across Europe and beyond. Leadership is held by CEO Lauri Haavisto.
Foreship offers Newbuilding Services and Conversions Services.
Foreship has 3 investors. Key investors include RINA, European Union, and Vaaka Partners.
Foreship operates through Foreship Ltd.
Yes. Foreship was acquired by RINA in June 2025.