About OpenHydro
OpenHydro is a company based in Dublin (Ireland) founded in 2004 was acquired by Naval Group in January 2013.. OpenHydro has raised $71.11 million across 3 funding rounds from investors including European Union and Naval Group. OpenHydro operates in a competitive market with competitors including Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others.
- Headquarter Dublin, Ireland
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71.11 M (USD)
in 3 rounds
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Latest Funding Round
$9.32 M (USD), Grant
Sep 01, 2017
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Acquired by
Naval Group
(Jan 22, 2013)
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Funding Insights of OpenHydro
OpenHydro has successfully raised a total of $71.11M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $9.32 million completed in September 2017. 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 Total Funding
- Total Rounds 3
- Last Round Grant — $9.3M
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First Round
First Round
(28 Jan 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Grant - OpenHydro | Valuation |
investors |
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| Feb, 2016 | Amount | Private Equity Round - OpenHydro | Valuation |
investors |
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| Jan, 2011 | Amount | Series A - OpenHydro | Valuation | Naval Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenHydro
OpenHydro has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Naval Group. 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Military ships and submarines are built by Naval Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenHydro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - OpenHydro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openhydro Comparisons
Competitors of OpenHydro
OpenHydro 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 Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tidal turbines are developed and manufactured for hydropower projects.
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| domain | founded_year | HQ Location |
Submerged turbine systems are provided for tidal energy conversion projects.
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| domain | founded_year | HQ Location |
Tidal energy is harnessed through an underwater kite with turbine.
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| domain | founded_year | HQ Location |
Manufacturer of tidal turbines
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| domain | founded_year | HQ Location |
Manufactures tidal energy turbines for sustainable marine power generation.
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| domain | founded_year | HQ Location |
Submerged tidal turbines for marine energy are developed and deployed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openhydro
Frequently Asked Questions about OpenHydro
When was OpenHydro founded?
OpenHydro was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Where is OpenHydro located?
OpenHydro is headquartered in Dublin, Ireland.
Is OpenHydro a funded company?
OpenHydro is a funded company, having raised a total of $71.11M across 3 funding rounds to date. The company's 1st funding round was a Series A of $18.11M, raised on Jan 28, 2011.
What does OpenHydro do?
OpenHydro, a DCNS company, specializing in the design, manufacture, installation and maintenance of marine turbines generating renewable energy from tidal streams. It offers a full turn-key tidal farm service, including the supply of Open-Centre Turbines, installation using patented barge deployment system, grid connection and maintenance. It deploys turbine arrays under the surface of the oceans to produce energy silently, invisibly and with no impact on the environment. It has tidal development projects in Ireland as well as internationally UK, France Canada.
Who are the top competitors of OpenHydro?
OpenHydro's top competitors include Verdant Power, Minesto and Nova Innovation.
Who are OpenHydro's investors?
OpenHydro has 2 investors. Key investors include European Union, and Naval Group.