About Gunvor Group
Gunvor Group is an Energy & Utilities company based in Geneve (Switzerland) founded in 2000 by Torbjorn Tornqvist and Gennady Timchenko. Gunvor Group is engaged in global energy commodities trading. It operates on a Brokerage / Intermediation and Circular Economy model. Gunvor Group has completed 1 acquisition, including BahÃa de Bizkaia. Its chief executive is Torbjorn Tornqvist. Its website gunvorgroup.com draws about 67 thousand monthly visits. Gunvor Group offers products and services including Energy Commodities Trading, LNG Trading, Biofuels, and Circular Products. Its focus areas include Energy, Oil & Gas, Trading & Distribution and Renewables. Its legal entity is Gunvor Group Ltd. Its competitors include Shell, Dominion Energy, Eni Next, Gazprom and Suncor and 4 more.
Company details
Gunvor Group is recognized as one of the largest independent commodities trading houses worldwide by turnover. Physical energy, bulk materials, and base metals are moved efficiently from source to demand locations through innovative logistics solutions. Strategic investments in refineries, pipelines, storage, and terminals are made to complement core trading activities. Sustainable value is generated across the global supply chain for customers. The company is involved in the Energy Transition through trading biofuels and circular products, alongside traditional commodities like crude oil, LNG, and natural gas. Operations span over 100 countries with key hubs in Geneva, Singapore, and Houston.
- Headquarters Geneve, Switzerland
- Founders Torbjorn Tornqvist, Gennady Timchenko
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Phone•••• ••••
- Website gunvorgroup.com
- Social LinkedIn X Threads
- Legal Name Gunvor Group Ltd
- Latest Funding Round$437.57K (USD), Debt – Conventional
Dec 2023
- InvestorsSociété Générale
& 41 more
- Investments & Acquisitions
Products & Services of Gunvor Group
Gunvor Group offers a comprehensive portfolio of products and services, including Energy Commodities Trading, LNG Trading, Biofuels, and Circular Products.
Physical energy commodities are traded globally by Gunvor.
Liquefied natural gas is traded internationally by Gunvor.
Biofuels are supplied as sustainable energy by Gunvor.
Circular economy products are supported through Gunvor's initiatives.
Funding Insights of Gunvor Group
- Total Rounds 26
- Last Round Debt – Conventional — $437,572
- First Round $750M
(May 2010)
- Investors Count 42
Latest 10 of 26 funding rounds of Gunvor Group 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 |
|---|---|---|---|---|---|
| Dec 2023 | $437,572 | Debt – Conventional | – | – | |
| Jul 2023 | $1.12B | Debt – Conventional | – | – | – |
| Jan 2023 | $1.57B | Debt – Conventional | – | – | – |
| Nov 2022 | $1.45B | Debt – Conventional | – | – | – |
| Jun 2021 | $830M | Debt – Conventional | – | – | – |
| Dec 2020 | $540M | Debt – Conventional | – | – | – |
| Nov 2020 | $1.1B | Debt – Conventional | – | – | – |
| Jun 2020 | $504.05M | Debt – Conventional | – | – | |
| Oct 2018 | $745M | Debt – Conventional | – | – | – |
| Oct 2016 | $500M | Debt – Conventional | – | – |
42 investors in total: 42 institutional.
Investors in Gunvor Group
Gunvor Group has secured backing from 42 investors, including institutional investors. Prominent investors backing the company include Société Générale, ING and ICICI Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SACE is engaged in providing insurance and financial services for businesses. | – | sace.it | Italy | |
- | – | bvr.de | - | |
Provides financing for international projects, exports, and sustainable ventures globally. | 1948 | kfw-ipex-bank.de | Frankfurt Am Main, Germany | |
Investment banking operations are conducted across multiple sectors. | 1996 | rbinternational.com | Vienna, Austria | |
Commercial banking services are offered internationally from Austria. | 1819 | erstegroup.com | Vienna, Austria | |
Commercial banking services are offered to corporate and retail clients. | 1870 | commerzbank.com | Frankfurt, Germany | |
Commercial banking services are provided in the United Arab Emirates. | 2017 | bankfab.com | Abu Dhabi, United Arab Emirates | |
International commercial banking services are provided by Bank of China. | 1912 | boc.cn | Beijing, China | |
Provider of wealth management services | 2011 | ca-indosuez.com | Miami, United States | |
Commercial banking services are provided internationally by ICBC since 1984. | 1984 | icbc-ltd.com | Beijing, China |
Investor details for Gunvor Group
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People of Gunvor Group
11 people are tracked at Gunvor Group (7 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Torbjorn Tornqvist | Co-Founder & CEO | Leadership |
Gennady Timchenko | Co-Founder | Leadership |
Torbjörn Törnqvist | Co-Founder & Chairman | Leadership |
Christopher Jendras | Managing Director | Leadership |
Chen Meiling | General Manager | Leadership |
Lina Georgiade (Pantelina) | Chief Accountant | Leadership |
Alexander Kazakevich | Head Of Finance Department | Leadership |
Adriana Baron | Senior Corporate Accountant | Team |
Adriana Álvarez Mora | Dep. Económico-financiero | Team |
Abigail C. | Indirect Tax Manager | Team |
Syed Hussain | Portfolio Manager | Team |
Complete people profiles for Gunvor Group
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Investments & Acquisitions by Gunvor Group
Gunvor Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BahÃa de Bizkaia.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electricity is distributed across Spain by Bahía de Bizkaia. | bbe.es | Spain | 1990 | Dec 2023 | •••• |
Complete acquisition details for Gunvor Group
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Timeline of Gunvor Group
4 dated milestones of Gunvor Group across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Gunvor Group is founded.
- Funding First funding round of $750.0M.
- Acquisition Acquires Bahía de Bizkaia.
- Funding Latest funding round, Debt – Conventional, of $438K.
Competitors of Gunvor Group
Gunvor Group has 9 listed competitors in our database. They include Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shell.com | 1907 | London, United Kingdom | – | 2 | Shell is recognized as a global energy and petrochemical company. | |
| dominionenergy.com | 1983 | United States | – | 17,700 | Energy production and transportation are conducted by Dominion Energy. | |
| eni.com | 1953 | Boston, United States | – | 62 | Provider of exploration, production, and distribution services of oil & gas | |
| gazprom.com | 1989 | Moscow, Russia | – | 469,000 | Gazprom is engaged in the exploration, production, and distribution of natural gas. | |
| suncor.com | 1967 | Calgary, Canada | – | 12,381 | Oil sands development, exploration, production, and refining are conducted. | |
| naturgy.com | 1843 | Madrid, Spain | – | – | Electricity and natural gas distribution services are provided globally. | |
| omv.com | 1956 | Vienna, Austria | – | 20,723 | Oil and gas exploration, production, and chemical services are provided. | |
| uniper.energy | 2016 | Dusseldorf, Germany | – | 12,180 | Power generation and distribution are managed by Uniper globally. | |
| nblenergy.com | 1932 | Houston, United States | – | 2,277 | Oil and natural gas exploration, production, and processing company |
Detailed competitors of Gunvor Group
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Web traffic of Gunvor Group
The website of Gunvor Group (gunvorgroup.com) receives about 67.1K visits a month and ranks #479,799 among all websites worldwide, #6,447 in Energy Industry.
- Monthly visits67.1K
▼ 14.3% vs previous month
- Unique visitors33.4K
per month
- Global rank#479,799
among all websites
- Category rank#6,447
Heavy Industry and Engineering · Energy Industry
- Bounce rate38%
- Pages per visit1.8
- Average visit25 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with Gunvor Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vitol.com | 100% | 111.9K | #391,609 | View details | |
| mercuria.com | 96% | 44.5K | #612,662 | View details | |
| trafigura.com | 86% | 194.1K | #231,930 | View details | |
| edftrading.com | 70% | 14.5K | #1,746,137 | View details | |
| petrosync.com | 67% | 55.5K | #680,986 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Gunvor Group
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- 11 similar websites
- Audience overlap
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Top companies in Oil & Gas Operations
10 companies that operate in the same segment as Gunvor Group (Oil & Gas Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | – | USD 35.69 B | 110,000 | |
MET Group is engaged in energy trading and renewable production. | 2012 | Zug, Zug, Switzerland | USD 58.74 M | USD 33.52 M | – | |
bp is recognized as a global energy company. | 1909 | United States | – | USD 185.5 B | 100,500 | |
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | – | USD 16.73 B | 14,700 | |
Provider of oil & gas downstream services | 1997 | United States | – | USD 13.55 B | 10,680 | |
Energy infrastructure services are provided by Kinder Morgan. | 1997 | United States | – | USD 16.81 B | 10,930 | |
Shell is recognized as a global energy and petrochemical company. | 1907 | London, England, United Kingdom | – | USD 262.93 B | 104,000 | |
Provider of natural gas & oil exploration and transportation services | 1922 | Buenos Aires, Argentina | – | – | – | |
Midstream services for oil and gas are provided. | 1996 | Dallas, Texas, United States | – | USD 85.54 B | 16,250 | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | Houston, Texas, United States | – | USD 21.56 B | 13,320 |
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Related news about Gunvor Group
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Frequently Asked Questions about Gunvor Group
Gunvor Group was founded in 2000 and raised its 1st funding round 10 years after it was founded.
Gunvor Group is headquartered in Geneve, Switzerland. It is registered at Geneve, Geneve, Switzerland.
Torbjorn Tornqvist is the current CEO of Gunvor Group. They have also founded this company.
Gunvor Group is recognized as one of the largest independent commodities trading houses worldwide by turnover. Physical energy, bulk materials, and base metals are moved efficiently from source to demand locations through innovative logistics solutions. Strategic investments in refineries, pipelines, storage, and terminals are made to complement core trading activities. Sustainable value is generated across the global supply chain for customers. The company is involved in the Energy Transition through trading biofuels and circular products, alongside traditional commodities like crude oil, LNG, and natural gas. Operations span over 100 countries with key hubs in Geneva, Singapore, and Houston.
Gunvor Group's top competitors include Dominion Energy, Shell and Uniper.
Gunvor Group offers Energy Commodities Trading, LNG Trading, Biofuels, and Circular Products.
Gunvor Group has made 1 acquisition, including BahÃa de Bizkaia.
Gunvor Group has 42 investors. Key investors include Société Générale, ING, ICICI Bank, UBS, and National Australia Bank.
Gunvor Group operates through Gunvor Group Ltd.