About OVH Energy
OVH Energy is a company based in Lagos (Nigeria) founded in 2014 was acquired by NNPC in October 2022.. OVH Energy has raised $210 million across 1 funding round from investors including Vitol, Helios Investment Partners and NNPC.
- Headquarter Lagos, Nigeria
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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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Funding Insights of OVH Energy
OVH Energy has successfully raised a total of $210M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $210 million completed in July 2016. 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 1
- Last Round Private Equity Round — $210.0M
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First Round
First Round
(01 Jul 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Private Equity Round - OVH Energy | Valuation | Helios , Vitol |
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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 OVH Energy
OVH Energy has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Vitol, Helios Investment Partners and NNPC. 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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Private equity investments are managed across multiple sectors by Helios.
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Founded Year | Domain | Location | |
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Oil processing, storage, and shipping services are provided globally.
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Founded Year | Domain | Location | |
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Oil and gas producer services are provided by NNPC.
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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 OVH Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
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2016 |
Financial Statements - OVH Energy
| 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 |
Ovh Energy Comparisons
Competitors of OVH Energy
| 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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Frequently Asked Questions about OVH Energy
When was OVH Energy founded?
OVH Energy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is OVH Energy located?
OVH Energy is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of OVH Energy?
Huub Stokman is the current CEO of OVH Energy.
Is OVH Energy a funded company?
OVH Energy is a funded company, having raised a total of $210M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $210M, raised on Jul 01, 2016.
What does OVH Energy do?
OVH Energy was established in 2014 as a downstream entity in the petroleum sector. Refined products are marketed and distributed under the Oando retail brand throughout West Africa. Operations include the management of petroleum terminals located in Nigeria, Ghana, and Togo. The companys activities focus on the logistics and supply chain for fuel distribution in the region, based in Lagos, Nigeria.
Who are OVH Energy's investors?
OVH Energy has 3 investors. Key investors include Vitol, Helios Investment Partners, and NNPC.