About Nova Innovation
Nova Innovation is an Energy & Utilities company based in Edinburgh (United Kingdom) founded in 2010. Submerged turbine systems are provided for tidal energy conversion projects. Nova Innovation has raised $3.72 million across 15 funding rounds from investors including Gov.uk, European Union and The Scottish National Investment Bank. Nova Innovation offers products and services including Floating Solar, Tidal Energy, and Marine Services. Its focus areas include Energy Tech, Renewable Energy Tech, Marine Energy and Tidal. Its legal entity is NOVA INNOVATION LTD. Its competitors include Sustainable Marine Energy, Orbital Marine Power and Marine Current Turbines; 2 of its 3 listed competitors have raised funding.
Company details
Nova Innovation was founded in 2010 and is headquartered in Edinburgh, United Kingdom. Operations are centered in the renewable energy sector, with a focus on tidal power. Submerged turbine systems, including the Nova M100 model, are designed, manufactured, tested, installed, commissioned, and maintained for underwater deployment. Tidal energy projects are managed to generate electricity, which is then fed into local grids for distribution.
- Headquarters Edinburgh, United Kingdom
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website novainnovation.com
- Social LinkedIn X Instagram YouTube
- Legal Name Nova Innovation Ltd
- Date of Incorporation 01 May, 2009
- Jurisdiction EDINBURGH, SCOTLAND
- Total Equity Funding$3.72M (USD)
in 15 rounds
- Latest Funding Round$2.64M (USD), Series A
Dec 2021
- InvestorsGov.uk
& 5 more
Products & Services of Nova Innovation
Nova Innovation offers a comprehensive portfolio of products and services, including Floating Solar, Tidal Energy, and Marine Services.
Offers floating solar systems for clean electricity in marine environments
Provides tidal energy solutions for predictable power generation
Delivers expertise in energy storage and smart grids for renewables
Apps and channels of Nova Innovation
its YouTube channel Nova Innovation Ltd has 395 subscribers and 17 videos.
Videos from Nova Innovation
The most watched videos on Nova Innovation's YouTube channel, Nova Innovation Ltd (395 subscribers). Click a video to play it here.
More on Nova Innovation Ltd.
Funding Insights of Nova Innovation
Nova Innovation has successfully raised a total of $3.72M across 15 strategic funding rounds. The most recent funding activity was a Series A round of $2.64 million completed in December 2021. 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 $3.72M
- Total Rounds 15
- Last Round Series A — $2.64M
- First Round $53,686
(Oct 2014)
- Investors Count 6
Latest 10 of 15 funding rounds of Nova Innovation 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 2021 | $2.64M | Series A | – | European Union | – |
| Nov 2021 | $266,440 | Grant | – | – | |
| Sep 2021 | $8.86M | Debt – Conventional | – | – | |
| Aug 2021 | $2.78M | Grant | – | – | |
| Nov 2020 | $1.59M | Grant | – | – | |
| Nov 2019 | $1.07M | Seed | – | – | – |
| Jun 2019 | $2.4M | Grant | – | – | |
| Mar 2019 | $2.52M | Grant | – | – | |
| May 2018 | Grant | – | – | ||
| Aug 2017 | $344,861 | Grant | – | – |
6 investors in total: 6 institutional.
Investors in Nova Innovation
Nova Innovation has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, European Union and The Scottish National Investment Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Development investments are channeled into Scottish enterprises and projects. | 2020 | thebank.scot | Edinburgh, United Kingdom | |
Consumer advocacy, advice, transport, and taxation services are provided. | gov.scot | Edinburgh, United Kingdom | ||
| tnlcommunityfund.org.uk |
Investor details for Nova Innovation
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.
People of Nova Innovation
7 people are tracked at Nova Innovation (3 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Simon Forrest | CEO | Leadership |
Willie Rowell | Chief Production Officer | Leadership |
Seumas MacKenzie | Head Of Operations & Programmes | Leadership |
Andrew Green | Mechanical Project Engineer | Team |
Dougal Burnett | Electrical Engineer | Team |
Colin Walker | Lead Electrical Engineer - Tidal | Team |
Justine Scott-Gray Msc | Global HR Consultant | Team |
Complete people profiles for Nova Innovation
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 Nova Innovation
3 dated milestones of Nova Innovation across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Nova Innovation is founded.
- Funding First funding round of $54K.
- Funding Latest funding round, Series A, of $2.6M.
Competitors of Nova Innovation
Nova Innovation has 3 listed competitors in our database, 2 of them funded. They include Sustainable Marine Energy, Orbital Marine Power and Marine Current Turbines.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sustainablemarine.com | 2012 | East Cowes, United Kingdom | $11.34M | 15 | Manufactures tidal energy turbines for sustainable marine power generation. | |
| orbitalmarine.com | 2002 | Kirkwall, Scotland | $11.42M | Tidal turbine systems are developed for renewable energy generation. | ||
| marineturbines.com | 1999 | Bristol, United Kingdom | Tidal power generators are developed for marine electricity production. |
Detailed competitors of Nova Innovation
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Nova Innovation
The website of Nova Innovation (novainnovation.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 21.4% vs previous month
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Related news about Nova Innovation
Complete news archive for Nova Innovation
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Nova Innovation
Nova Innovation was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Nova Innovation is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Nova Innovation is a funded company, having raised a total of $3.72M across 15 funding rounds to date. The company's 1st funding round was a Grant of $344.86K, raised on Oct 2014.
Nova Innovation was founded in 2010 and is headquartered in Edinburgh, United Kingdom. Operations are centered in the renewable energy sector, with a focus on tidal power. Submerged turbine systems, including the Nova M100 model, are designed, manufactured, tested, installed, commissioned, and maintained for underwater deployment. Tidal energy projects are managed to generate electricity, which is then fed into local grids for distribution.
Nova Innovation's top competitors include Marine Current Turbines, Orbital Marine Power and Sustainable Marine Energy.
Nova Innovation offers Floating Solar, Tidal Energy, and Marine Services.
Nova Innovation has 6 investors. Key investors include Gov.uk, European Union, The Scottish National Investment Bank, Scotland Government, and EIC Fund.
Nova Innovation operates through Nova Innovation Ltd.