About Rovco
Rovco is a company based in Bristol (United Kingdom) founded in 2015 by Elspeth Allen and Iain Wallace.. Rovco has raised $38.48 million across 9 funding rounds from investors including Gov.uk, Equinor and Legal & General. Rovco offers products and services including Scout, Vaantage Data Platform, and Advanced Vessels. Rovco operates in a competitive market with competitors including Vaarst, Terradepth, Planys Technologies, EyeROV and Fifish, among others.
- Headquarter Bristol, United Kingdom
- Founders Elspeth Allen, Iain Wallace
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Rovco Limited
- Date of Incorporation 21 Aug, 2015
- Jurisdiction BRISTOL, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.48 M (USD)
in 9 rounds
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Latest Funding Round
$5.8 M (USD), Series B
Jul 15, 2022
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Investors
Gov.uk
& 11 more
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Employee Count
Employee Count
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Products & Services of Rovco
Rovco offers a comprehensive portfolio of products and services, including Scout, Vaantage Data Platform, and Advanced Vessels. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered system for subsea inspections in offshore wind operations.
Tool for collecting and interpreting data in renewable energy projects.
Vessels equipped for efficient offshore wind farm surveys and maintenance.
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Funding Insights of Rovco
Rovco has successfully raised a total of $38.48M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $5.8 million completed in July 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 Total Funding
- Total Rounds 9
- Last Round Series B — $5.8M
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First Round
First Round
(20 Dec 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series B - Rovco | Valuation |
investors |
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| Mar, 2022 | Amount | Series B - Rovco | Valuation | Legal & General , Equinor | |
| Jan, 2022 | Amount | Series A - Rovco | Valuation | BOOST&Co |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Rovco
Rovco has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Equinor and Legal & General. 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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Venture capital firm
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Founded Year | Domain | Location | |
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Impact-led venture capital is invested in university spin-outs and start-ups.
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Founded Year | Domain | Location | |
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Green Angel Ventures is focused on investing in climate startups.
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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 Rovco
| 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 - Rovco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Rovco Comparisons
Competitors of Rovco
Rovco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vaarst, Terradepth, Planys Technologies, EyeROV and Fifish, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based robotic analysis solutions for marine applications are provided.
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| domain | founded_year | HQ Location |
Provides data collection technology for marine tracking systems
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| domain | founded_year | HQ Location |
Provider of marine underwater robotics inspection platform
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| domain | founded_year | HQ Location |
Provider of remotely operated vehicles and unnamed systems for underwater inspections
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| domain | founded_year | HQ Location |
Provider of an unmanned underwater robot
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Rovco
Frequently Asked Questions about Rovco
When was Rovco founded?
Rovco was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Rovco located?
Rovco is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Who is the current CEO of Rovco?
Brian Allen is the current CEO of Rovco.
Is Rovco a funded company?
Rovco is a funded company, having raised a total of $38.48M across 9 funding rounds to date. The company's 1st funding round was a Series A of $2.72M, raised on Dec 20, 2016.
What does Rovco do?
Provider of AI-driven ROVs and services for inspection of ships. Its product and service portfolio includes powerful electric work-class vehicles with e vectored thrust, compact inspection class ROV, a compact survey ROV, a workhorse of the Rovco fleet, and a compact ROV that comes with a manipulator, rear-facing camera, smart tether, sonar, blue view, HD or 4K camera. It also leverages AI technology for surveys and inspection.
Who are the top competitors of Rovco?
Rovco's top competitors include Vaarst, EyeROV and Planys Technologies.
What products or services does Rovco offer?
Rovco offers Scout, Vaantage Data Platform, and Advanced Vessels.
Who are Rovco's investors?
Rovco has 12 investors. Key investors include Gov.uk, Equinor, Legal & General, Cambridge Angels, and In-Q-Tel.
What is Rovco's valuation?
The valuation of Rovco is $1.78M as of Nov 2017.
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