About Reach Subsea
Reach Subsea is a company based in Haugesund (Norway) founded in 2008.. The company has 105 employees as of December 31, 2020. Reach Subsea has completed 3 acquisitions, including Guardian Geomatics, Octio and iSURVEY.
- Headquarter Haugesund, Norway
- Employees 105 as on 31 Dec, 2020
- Stage Public
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Sectors
Real Estate & Construction
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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
$86.09 M (USD)33as on Dec 31, 2022
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Net Profit
$6.97 M (USD)14as on Dec 31, 2022
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EBITDA
$8.99 M (USD)15as on Dec 31, 2022
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Latest Funding Round
$12.26 M (USD), Post-IPO
Feb 16, 2023
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Investors
Wilhelmsen
& 1 more
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Employee Count
105
as on Dec 31, 2020
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Investments & Acquisitions
Guardian Geomatics
& 2 more
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Funding Insights of Reach Subsea
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $12.3M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - Reach Subsea | Valuation |
investors |
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| Feb, 2022 | Amount | Post-IPO - Reach Subsea | Valuation |
investors |
| 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 Reach Subsea
Reach Subsea has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Wilhelmsen and North Energy. 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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Exploration and Production in the Norwegian Continental Shelf and Barents sea
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Founded Year | Domain | Location | |
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Maritime services including shipping and logistics are provided by Wilhelmsen.
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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
|
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 Reach Subsea
Reach Subsea has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Guardian Geomatics, Octio and iSURVEY. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Marine surveying is provided for offshore oil, gas, and renewables.
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2018 | ||||
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Real-time geophysical monitoring solutions for subsurface activities are provided.
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2007 | ||||
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Survey and positioning services are provided for marine projects worldwide.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Reach Subsea
| 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 |
Reach Subsea Comparisons
Competitors of Reach Subsea
| 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 Reach Subsea
When was Reach Subsea founded?
Reach Subsea was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Where is Reach Subsea located?
Reach Subsea is headquartered in Haugesund, Norway. It is registered at Haugesund, Rogaland, Norway.
Who is the current CEO of Reach Subsea?
Jostein Alendal is the current CEO of Reach Subsea.
How many employees does Reach Subsea have?
As of Dec 31, 2020, the latest employee count at Reach Subsea is 105.
What is the annual revenue of Reach Subsea?
Annual revenue of Reach Subsea is $86.09M as on Dec 31, 2022.
What does Reach Subsea do?
Reach Subsea was established in 2008 in Haugesund, Norway. Operations are conducted within the subsea sector, where construction support, surveying, and decommissioning services are delivered to clients in offshore environments. Expertise is applied to underwater infrastructure projects, ensuring compliance with industry standards. The company is led by CEO Jostein Alendal, with a focus on reliable service provision across Norwegian waters and international waters.
How many acquisitions has Reach Subsea made?
Reach Subsea has made 3 acquisitions, including Guardian Geomatics, Octio, and iSURVEY.
Who are Reach Subsea's investors?
Reach Subsea has 2 investors. Key investors include Wilhelmsen, and North Energy.