About Rovco
Rovco is a Transportation, Automotive & Logistics company based in Bristol (United Kingdom) founded in 2015 by Elspeth Allen and Iain Wallace. It operates in the Transportation, Automotive & Logistics, Energy & Utilities, and Industrial Goods & Manufacturing sectors. Rovco has raised $38.48 million across 9 funding rounds from investors including Gov.uk, Equinor and Legal & General. Rovco was last valued at $1.78 million in November 2017. Its chief executive, as recorded, is Brian Allen. Rovco offers products and services including Scout, Vaantage Data Platform, and Advanced Vessels. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Oilfield Management. Its legal entity is ROVCO LIMITED.
Company details
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.
- Headquarters Bristol, United Kingdom
- Founders Elspeth Allen, Iain Wallace
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities Industrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website rovco.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Rovco Limited
- Date of Incorporation 21 Aug, 2015
- Jurisdiction BRISTOL, UNITED KINGDOM
- Total Equity Funding$38.48M (USD)
in 9 rounds
- Latest Funding Round$5.8M (USD), Series B
Jul 2022
- InvestorsGov.uk
& 11 more
Products & Services of Rovco
Rovco offers a comprehensive portfolio of products and services, including Scout, Vaantage Data Platform, and Advanced Vessels.
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.
Apps and channels of Rovco
its YouTube channel Beam has 169 subscribers and 28 videos.
Videos from Rovco
The most watched videos on Rovco's YouTube channel, Beam (169 subscribers). Click a video to play it here.
More on Beam.
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 $38.48M
- Total Rounds 9
- Last Round Series B — $5.8M
- First Round $66,526
(Dec 2016)
- Investors Count 12
All 9 funding rounds of Rovco 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 |
|---|---|---|---|---|---|
| Jul 2022 | $5.8M | Series B | – | – | – |
| Mar 2022 | $19.96M | Series B | – | Legal & General, Equinor | |
| Jan 2022 | $2.72M | Series A | – | BOOST&Co | – |
| Dec 2019 | $6.5M | Series A | – | Bristol Private Equity Club, Foresight Williams | |
| Dec 2018 | $1.86M | Grant | – | – | |
| Apr 2018 | $3.3M | Seed | – | – | |
| Jan 2018 | Grant | – | – | ||
| Nov 2017 | $197,600 | Seed | $1.78M | – | |
| Dec 2016 | $66,526 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2017 | $1.78M | •••••••• |
Last known valuation $1.78M (Nov 2017). 12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | iqt.org | Washington, Dc, United States | ||
Impact-led venture capital is invested in university spin-outs and start-ups. | futureplanetcapital.com | London, United Kingdom | ||
Green Angel Ventures is focused on investing in climate startups. | greenangelventures.com | London, United Kingdom | ||
Angel network investing in the UK | 2002 | cambridgeangels.com | Cambridge, United Kingdom | |
Tech & Energy focused VC firm funding companies in the UK | sustainableventures.co.uk | London, United Kingdom | ||
Life, home, pet, and general insurance services are offered online. | 1836 | legalandgeneral.com | London, United Kingdom | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Early-stage technology companies are supported through strategic investments. | foresightwilliams.co.uk | London, United Kingdom | ||
| boostandco.com | ||||
A club connecting high-net-worth individuals with early-stage businesses for investment is operated. | 2016 | bristolprivateequityclub.com | Bristol, United Kingdom |
Investor details for Rovco
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 Rovco
15 people are tracked at Rovco (7 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Elspeth Allen | Co-Founder | Leadership |
Iain Wallace | Co-Founder & CTO | Leadership |
Brian Allen | CEO | Leadership |
Mitch Johnson | Director - Americas | Leadership |
Simon Miller | Chief Revenue Officer (CRO) | Leadership |
Craig Davis | Director - Site Characterisation | Leadership |
Marc Coull | Business Unit Director | Leadership |
Daniel Strachan | Asset Support Engineer | Team |
David Pattison | Project Accountant | Team |
Kayleigh Wilkinson | Financial Controller | Team |
Valentina Colon | Global Account Manager | Team |
Rhea Fraser | Operational Resources Manager | Team |
Jaclyn Callaghan | Project Coordinator - Site Characterisation | Team |
Matthew Tait | Senior Project Manager | Team |
Jon Love | Senior Project Manager | Team |
Complete people profiles for Rovco
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 Rovco
4 dated milestones of Rovco across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Rovco is founded.
- Funding First funding round of $67K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $5.8M.
Top companies in Maritime Technology & Training
2 companies that operate in the same segment as Rovco (Maritime Technology & Training) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a mobile app for marine navigation | 2017 | Bournemouth, England, United Kingdom | USD 4.6 M | |||
AI-based robotic analysis solutions for marine applications are provided. | 2015 | Bristol, England, United Kingdom | USD 20 M |
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Related news about Rovco
Complete news archive for Rovco
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Frequently Asked Questions about Rovco
Rovco was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Rovco is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Brian Allen is the CEO of Rovco, as recorded in our data.
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 Grant of $66.53K, raised on Dec 2016.
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.
Rovco offers Scout, Vaantage Data Platform, and Advanced Vessels.
Rovco has 12 investors. Key investors include Gov.uk, Equinor, Legal & General, Cambridge Angels, and In-Q-Tel.
The valuation of Rovco is $1.78M as of Nov 2017.
Rovco operates through Rovco Limited.