About Ocean Harvesting Technologies
Ocean Harvesting Technologies is a company based in Karlskrona (Sweden) founded in 2007 by Mikael Sidenmark. Ocean Harvesting Technologies has raised $355.11 thousand across 5 funding rounds from investors including European Union, Swedish Energy Agency and Lundin Foundation. Ocean Harvesting Technologies offers products and services including InfinityWEC. Ocean Harvesting Technologies operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, CorPower Ocean and Floating Power Plant, among others.
- Headquarter Karlskrona, Sweden
- Founders Mikael Sidenmark
- SectorsEnergy & Utilities
- Website oceanharvesting.com
- Social LinkedIn X
- Legal Name Ocean Harvesting Technologies Ab
- Total Equity Funding$355.11K (USD)
in 5 rounds
- Latest Funding Round$2.06M (USD), Grant
Nov 2022
- InvestorsEuropean Union
& 3 more
Products & Services of Ocean Harvesting Technologies
Ocean Harvesting Technologies offers a comprehensive portfolio of products and services, including InfinityWEC.
Generates electricity from ocean waves using advanced tuning technology.
Funding Insights of Ocean Harvesting Technologies
Ocean Harvesting Technologies has successfully raised a total of $355.11K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $2.06 million completed in November 2022. 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 $355,111
- Total Rounds 5
- Last Round Grant — $2.06M
- First Round $52,653
(Jan 2017)
- Investors Count 4
All 5 funding rounds of Ocean Harvesting Technologies 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 |
|---|---|---|---|---|---|
| Nov 2022 | $2.06M | Grant | – | – | |
| Sep 2020 | $355,111 | Seed | – | Lundin Foundation | – |
| Sep 2017 | $59,004 | Grant | – | – | |
| Jun 2017 | $56,067 | Grant | – | – | |
| Jan 2017 | $52,653 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Ocean Harvesting Technologies
Ocean Harvesting Technologies has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Swedish Energy Agency and Lundin Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
The Swedish Energy Agency was established in 1998 in Eskilstuna. | 1998 | energimyndigheten.se | Eskilstuna, Sweden | |
Supports ESG strategies, community investments, and sustainable practices for resource companies worldwide. | 2005 | lundinfoundation.org | Vancouver, Canada | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Ocean Harvesting Technologies
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People of Ocean Harvesting Technologies
1 people are tracked at Ocean Harvesting Technologies (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mikael Sidenmark | Founder & CEO | Leadership |
Complete people profiles for Ocean Harvesting Technologies
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Timeline of Ocean Harvesting Technologies
3 dated milestones of Ocean Harvesting Technologies across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Ocean Harvesting Technologies is founded.
- Funding First funding round of $53K.
- Funding Latest funding round, Grant, of $2.1M.
Competitors of Ocean Harvesting Technologies
Ocean Harvesting Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, CorPower Ocean and Floating Power Plant, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| oceanpowertechnologies.com | 1984 | Monroe Township, United States | – | 72 | Ocean energy technologies are provided for intelligent maritime solutions. | |
| carnegiece.com | 1987 | Fremantle, Australia | – | – | CETO wave energy converters and solar PV systems are provided. | |
| marinepowersystems.co.uk | 2008 | Swansea, United Kingdom | $21.62M | 30 | Modular technology for deep-water offshore wind deployment is engineered. | |
| corpowerocean.com | 2009 | Stockholm, Sweden | $91.42M | – | Wave energy converter solutions provider | |
| floatingpowerplant.com | 2004 | Bandholm, Denmark | $16.75M | 10 | Floating wind and wave energy systems are developed and deployed. | |
| schottel.de | 1921 | Morsbach, Germany | – | 733 | Hydrokinetic turbines and semi-submerged platforms are provided. | |
| sinnpower.com | 2014 | Gauting, Germany | $9.36M | 19 | Shore-based hardware for wave energy conversion is supplied. | |
| wavepiston.dk | 2006 | Gribskov, Denmark | $7.46M | 9 | Wave energy is generated via buoy-anchored wire systems. | |
| gkinetic.com | 2014 | Newcastle West, Ireland | – | – | Provider of vertical axis turbine device for ocean currents, rivers, and canals |
Detailed competitors of Ocean Harvesting Technologies
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Web traffic of Ocean Harvesting Technologies
The website of Ocean Harvesting Technologies (oceanharvesting.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 14% vs previous month
Latest news on Ocean Harvesting Technologies
Complete news archive for Ocean Harvesting Technologies
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Similar companies to Ocean Harvesting Technologies
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|---|---|---|---|---|---|---|
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Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | – | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Frequently Asked Questions about Ocean Harvesting Technologies
Ocean Harvesting Technologies was founded in 2007 and raised its 1st funding round 10 years after it was founded.
Ocean Harvesting Technologies is headquartered in Karlskrona, Sweden. It is registered at Karlskrona, Blekinge, Sweden.
Mikael Sidenmark is the current CEO of Ocean Harvesting Technologies. They have also founded this company.
Ocean Harvesting Technologies is a funded company, having raised a total of $355.11K across 5 funding rounds to date. The company's 1st funding round was a Grant of $52.65K, raised on Jan 2017.
Founded in 2007 in Karlskrona, Sweden, Ocean Harvesting Technologies operates in the renewable energy sector. Wave energy converter technology is developed to transform ocean waves into electric energy. A power take-off system is included that tunes to individual waves for energy extraction. Modular structures and specific materials are incorporated to facilitate manufacturing, transport, installation, and maintenance.
Ocean Harvesting Technologies's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
Ocean Harvesting Technologies offers InfinityWEC.
Ocean Harvesting Technologies has 4 investors. Key investors include European Union, Swedish Energy Agency, Lundin Foundation, and EIC Fund.
Ocean Harvesting Technologies operates through Ocean Harvesting Technologies Ab.