About Otovo
Otovo is a publicly listed company based in Oslo (Norway) founded in 2016 by Simen Fure Jorgensen and Andreas Thorsheim. Homeowners are connected to solar panel installers via a marketplace. It operates on a Two-Sided Marketplace model. The company has 149 employees. Its chief executive, as recorded, is Andreas Thorsheim. Its website otovo.com draws about 111 thousand monthly visits. Otovo offers products and services including Solar Panels and Home Batteries. Its focus areas include Energy, Renewable Energy and Solar Energy.
Company details
Otovo is established as a prominent marketplace for residential solar energy across Europe. The company connects homeowners with a network of vetted local energy installers. Proprietary technology is utilized to analyze home potential and provide instant project offers. Operating in multiple European countries, thousands of solar projects have been sold and completed. Sectors served include renewable energy with a focus on solar solutions and energy storage through home batteries. The mission is centered on promoting local and clean energy in neighborhoods.
- Annual Revenue$103.59 M (USD)68as on Dec 31, 2023
- Net Profit-$36.48 M (USD)-24as on Dec 31, 2023
- EBITDA-$36.96 M (USD)-22as on Dec 31, 2023
- Latest Funding Round$3M (USD), Post-IPO
Oct 2026
- InvestorsKLP
& 4 more
- Employee Count149
Products & Services of Otovo
Otovo offers a comprehensive portfolio of products and services, including Solar Panels and Home Batteries.
Solar panels are provided for residential energy solutions.
Home batteries are offered for energy storage needs.
Funding Insights of Otovo
- Total Rounds 7
- Last Round Post-IPO — $3M
- Investors Count 5
All 7 funding rounds of Otovo 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 |
|---|---|---|---|---|---|
| Oct 2026 | $3M | Post-IPO | – | – | – |
| Jul 2026 | $7.25M | Post-IPO | – | – | – |
| Mar 2026 | $13.99M | Post-IPO | – | – | – |
| Sep 2025 | $4M | Post-IPO | – | – | – |
| Nov 2023 | $42.74M | Post-IPO | – | – | |
| Feb 2022 | $33.99M | Post-IPO | – | Axel Johnson | |
| Apr 2016 | Post-IPO | – | – | – |
5 investors in total: 5 institutional.
Investors in Otovo
Otovo has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include KLP, Akershus Energi and A Energi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A diversified group of companies is owned and operated by Axel Johnson Inc. | axeljohnson.com | New York, United States | ||
Provides renewable energy production and services for private and business customers. | 2000 | aenergi.no | Kristiansand, Norway | |
Offers long-term investments in projects that reduce emissions and promote green shifts. | 2017 | nysnoinvest.no | Stavanger, Norway | |
Pension funds are managed for Norwegian government employees. | 1949 | klp.no | Oslo, Norway | |
Solar and wind energy projects are developed in Norway. | 1922 | akershusenergi.no | Ranasfoss, Norway |
Investor details for Otovo
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 Otovo
2 people are tracked at Otovo (2 in leadership); the tracked headcount is 149.
| Name | Role | Group |
|---|---|---|
Simen Fure Jorgensen | Co-Founder | Leadership |
Andreas Thorsheim | Co-Founder & CEO | Leadership |
Complete people profiles for Otovo
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 Otovo
4 dated milestones of Otovo across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Otovo is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $3.0M.
Web traffic of Otovo
The website of Otovo (otovo.com) receives about 110.5K visits a month and ranks #232,984 among all websites worldwide, #3,582 in Banking Credit and Lending.
- Monthly visits110.5K
▼ 3.8% vs previous month
- Unique visitors24.4K
per month
- Global rank#232,984
among all websites
- Category rank#3,582
Finance · Banking Credit and Lending
- Bounce rate26%
- Pages per visit8.4
- Average visit14 min 38 sec
- DevicesDesktop 74% · Mobile 26%
Websites whose visitors overlap most with Otovo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nordnet.no | nordnet.no | 100% | #9,642 | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Otovo
Complete news archive for Otovo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Otovo
Otovo was founded in 2016.
Otovo is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Andreas Thorsheim is the CEO of Otovo, as recorded in our data. They have also founded this company.
Otovo has 149 employees.
Annual revenue of Otovo is $103.59M as on Dec 31, 2023.
Otovo is established as a prominent marketplace for residential solar energy across Europe. The company connects homeowners with a network of vetted local energy installers. Proprietary technology is utilized to analyze home potential and provide instant project offers. Operating in multiple European countries, thousands of solar projects have been sold and completed. Sectors served include renewable energy with a focus on solar solutions and energy storage through home batteries. The mission is centered on promoting local and clean energy in neighborhoods.
Otovo offers Solar Panels and Home Batteries.
Otovo has 5 investors. Key investors include KLP, Akershus Energi, A Energi, Axel Johnson, and Nysno.
The website of Otovo receives about 111 thousand visits a month and ranks #232,984 among all websites worldwide.