About QED Naval
QED Naval is an Environment company based in Edinburgh (United Kingdom) founded in 2008 by Jeremy Smith. It operates as a marine renewable engineering and design consulting services are provided. It operates on a Green Energy-as-a-Service model. QED Naval has raised $3.77 million across 4 funding rounds from investors including Scottish Enterprise and Kelvin Capital. QED Naval has completed 1 acquisition, including Tocardo. QED Naval offers products and services including Subhub Tidal Platform and Tocardo Tidal Turbines. Its focus areas include Energy, Renewable Energy and Tidal Energy. Its legal entity is QED Naval Limited.
Company details
Tidal energy technologies are pioneered by QED Naval to integrate into the renewable energy mix. Focus is placed on cost-competitive solutions through innovative platforms like Subhub, which reduces deployment and maintenance costs. Tocardo Tidal Turbines are also provided, known for their proven reliability. The company operates in the renewable energy sector, targeting energy security and climate change mitigation. Projects such as TIGER and OTP are managed to showcase large-scale tidal energy applications. A positive impact on marine life and clean oceans is promoted through their initiatives.
- Headquarters Edinburgh, United Kingdom
- Founders Jeremy Smith
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website qednaval.co.uk
- Social LinkedIn X Facebook YouTube
- Legal Name Qed Naval Limited
- Total Equity Funding$3.77M (USD)
in 4 rounds
- Latest Funding Round$1.76M (USD), Series A
Nov 2022
- InvestorsScottish Enterprise
& 1 more
- Investments & Acquisitions
Products & Services of QED Naval
QED Naval offers a comprehensive portfolio of products and services, including Subhub Tidal Platform and Tocardo Tidal Turbines.
Deployment and maintenance costs are reduced by Subhub significantly.
Proven tidal turbines are offered with extensive operational experience.
Apps and channels of QED Naval
its YouTube channel Jeremy's Personal QED Naval Videos has 35 subscribers and 30 videos.
Videos from QED Naval
The most watched videos on QED Naval's YouTube channel, Jeremy's Personal QED Naval Videos (35 subscribers). Click a video to play it here.
More on Jeremy's Personal QED Naval Videos.
Funding Insights of QED Naval
QED Naval has successfully raised a total of $3.77M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.76 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 $3.77M
- Total Rounds 4
- Last Round Series A — $1.76M
- First Round $927,619
(Aug 2014)
- Investors Count 2
All 4 funding rounds of QED Naval 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 | $1.76M | Series A | – | Kelvin Capital | – |
| Feb 2021 | $1.08M | Series A | – | – | – |
| Apr 2018 | – | Series A | – | – | |
| Aug 2014 | $927,619 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in QED Naval
QED Naval has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Scottish Enterprise and Kelvin Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | kelvincapital.com | - | |
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom |
Investor details for QED Naval
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 QED Naval
5 people are tracked at QED Naval (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Jeremy Smith | Founder & Director | Leadership |
Keith Murray | Chief Commercial Officer | Leadership |
Gonzalo Azqueta | Lead Naval Architect | Team |
Corey Badger | Lead Hydrodynamics Engineer | Team |
Andrew Skocz | Engineering & Production Manager | Team |
Complete people profiles for QED Naval
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.
Investments & Acquisitions by QED Naval
QED Naval has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tocardo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer of tidal turbines | tocardo.com | Den Oever, Netherlands | 2008 | Jan 2020 | •••• |
Complete acquisition details for QED Naval
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of QED Naval
4 dated milestones of QED Naval across 14 years, from founding to its latest funding, stage changes and deals.
- Founded QED Naval is founded.
- Funding First funding round of $928K.
- Acquisition Acquires Tocardo.
- Funding Latest funding round, Series A, of $1.8M.
Web traffic of QED Naval
The website of QED Naval (qednaval.co.uk) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 94.5% vs previous month
Top companies in Environmental Consulting & Advisory
10 companies that operate in the same segment as QED Naval (Environmental Consulting & Advisory), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Environmental consulting and operational performance services are provided. | 1971 | London, England, United Kingdom | – | – | – | |
Engineering and construction services for industrial plants are provided. | 1972 | Madrid, Madrid, Spain | – | USD 7.6 B | 973 | |
Pest control and building environment services are provided globally. | 1934 | Stockholm, Sweden | – | – | 378 | |
Engineering and management consulting services are provided globally. | 1961 | San Diego, California, United States | – | – | – | |
Environmental consultancy services are provided to clients worldwide. | 2008 | Durham, North Carolina, United States | USD 100 M | – | – | |
Environmental services are provided for ocean conservation efforts. | 2007 | Gloria, Alagoas, Brazil | USD 35 M | USD 388.84 M | 2,160 | |
Weather forecasting and climate science services are provided globally. | 1854 | Exeter, Devon, United Kingdom | – | – | – | |
Floor coverings are distributed by Headlam in the United Kingdom. | 1992 | Coleshill, United Kingdom | – | USD 671.52 M | 2,380 | |
Compliance evaluation and certification services are provided worldwide. | 1828 | Paris, France | – | USD 7.6 B | 84,250 | |
Company providing consulting services to organizations measure, reduce, and report their greenhouse gas emissions, aiming to their decarbonization ... | 2019 | Tokyo, Tokyo, Japan | USD 110.99 M | – | – |
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Frequently Asked Questions about QED Naval
QED Naval was founded in 2008 and raised its 1st funding round 6 years after it was founded.
QED Naval is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
QED Naval is a funded company, having raised a total of $3.77M across 4 funding rounds to date. The company's 1st funding round was a Seed of $927.62K, raised on Aug 2014.
Tidal energy technologies are pioneered by QED Naval to integrate into the renewable energy mix. Focus is placed on cost-competitive solutions through innovative platforms like Subhub, which reduces deployment and maintenance costs. Tocardo Tidal Turbines are also provided, known for their proven reliability. The company operates in the renewable energy sector, targeting energy security and climate change mitigation. Projects such as TIGER and OTP are managed to showcase large-scale tidal energy applications. A positive impact on marine life and clean oceans is promoted through their initiatives.
QED Naval offers Subhub Tidal Platform and Tocardo Tidal Turbines.
QED Naval has made 1 acquisition, including Tocardo.
QED Naval has 2 investors. Key investors include Scottish Enterprise, and Kelvin Capital.
QED Naval operates through Qed Naval Limited.