About OVH Energy
OVH Energy is an Energy & Utilities company based in Lagos (Nigeria) founded in 2014, and was acquired by NNPC in October 2022. Refined petroleum products are marketed and distributed across West Africa. OVH Energy has raised $210 million across 1 funding round from investors including Vitol, Helios Investment Partners and NNPC. Its chief executive, as recorded, is Huub Stokman. Its focus areas include Energy, Oil & Gas Downstream and Diversified.
Company details
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.
- Headquarters Lagos, Nigeria
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ovhenergy.com
- Social LinkedIn X Facebook
- Acquired by NNPC (Oct 2022)
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 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 $210M
- Total Rounds 1
- Last Round Private Equity Round — $210M
- First Round $210M
(Jul 2016)
- Investors Count 2
All 1 funding rounds of OVH Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are managed across multiple sectors by Helios. | 2004 | heliosinvestment.com | London, United Kingdom | |
Oil processing, storage, and shipping services are provided globally. | 1966 | vitol.com | London, United Kingdom | |
Oil and gas producer services are provided by NNPC. | 1977 | nnpcgroup.com | Abuja, Nigeria |
Investor details for OVH Energy
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 OVH Energy
2 people are tracked at OVH Energy (2 in leadership).
| Name | Role | Group |
|---|---|---|
Huub Stokman | CEO | Leadership |
OLAPOSI WILLIAMS | Co-CEO | Leadership |
Complete people profiles for OVH Energy
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 OVH Energy
3 dated milestones of OVH Energy across 8 years, from founding to its latest funding, stage changes and deals.
- Founded OVH Energy is founded.
- Funding First funding round of $210.0M.
- Exit Acquired by NNPC.
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Frequently Asked Questions about OVH Energy
OVH Energy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
OVH Energy is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Huub Stokman is the CEO of OVH Energy, as recorded in our data.
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 2016.
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.
OVH Energy has 3 investors. Key investors include Vitol, Helios Investment Partners, and NNPC.
Yes. OVH Energy was acquired by NNPC in October 2022.