Foreship

Helsinki, Finland Founded: 2002 • Age: 24 yrs Acquired By RINA
Ship design and engineering services are provided globally.
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About Foreship

Foreship is a company based in Helsinki (Finland) founded in 2002 was acquired by RINA in June 2025.. The company has 5 employees as of September 30, 2024. Foreship offers products and services including Newbuilding Services and Conversions Services.

  • Headquarter Helsinki, Finland
  • Employees 5 as on 30 Sep, 2024
  • Sectors
    Aerospace, Defense & Maritime
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Foreship Ltd
Operational Areas
Aerospace, Defense & Maritime → Maritime Manufacturing & Operations
Key Metrics
  • Annual Revenue
    $895.12 K (USD)
    22
    as on Oct 31, 2023
  • Net Profit
    $210.87 K (USD)
    50
    as on Oct 31, 2023
  • EBITDA
  • Latest Funding Round
    $359.64 K (USD), Grant

    Jan 01, 2021

  • Investors
    RINA

    & 2 more

  • Employee Count
    5

    as on Sep 30, 2024

  • Acquired by
    RINA

    & 1 more

    (Jun 18, 2025)

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Products & Services of Foreship

Foreship offers a comprehensive portfolio of products and services, including Newbuilding Services and Conversions Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

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

People of Foreship
Headcount 50-200
Employee Profiles 21
Employee Profiles
People
Olli Somerkallio
Chief Operating Officer
People
Shaun White
Managing Director, Foreship UK Ltd.
People
Daniel Grönroos
Project Manager
People
Viktor Gingsjö
Senior Specialist, Technology & Decarbonization

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Funding Insights of Foreship

  • Total Funding
  • Total Rounds 1
  • Last Round Grant — $359,639
  • First Round

    (01 Jan 2021)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2021 Amount Grant - Foreship Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Vaaka Partners is engaged in private equity investment management.
Founded Year Domain Location
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Provider of business services for energy, transport & infrastructure sectors
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Foreship

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Foreship

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Foreship Comparisons

Employees
+
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Competitors of Foreship

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Foreship

Frequently Asked Questions about Foreship

When was Foreship founded?

Foreship was founded in 2002 and raised its 1st funding round 19 years after it was founded.

Where is Foreship located?

Foreship is headquartered in Helsinki, Finland.

Who is the current CEO of Foreship?

Lauri Haavisto is the current CEO of Foreship.

How many employees does Foreship have?

As of Sep 30, 2024, the latest employee count at Foreship is 5.

What is the annual revenue of Foreship?

Annual revenue of Foreship is $895.12K as on Oct 31, 2023.

What does Foreship do?

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.

What products or services does Foreship offer?

Foreship offers Newbuilding Services and Conversions Services.

Who are Foreship's investors?

Foreship has 3 investors. Key investors include RINA, European Union, and Vaaka Partners.

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