About Rovop
Rovop is a company based in Shoreview (United States) founded in 2011 was acquired by Edison Chouest Offshore in May 2024.. Rovop has raised $101.89 million across 7 funding rounds from investors including Scottish Enterprise, Edison Chouest Offshore and Scottish Development International. Rovop offers products and services including ROV Solutions, Schilling UHD, Triton XLS, and Seaeye Cougar XT. Rovop operates in a competitive market with competitors including Rovco, 3sun Group, SubC Partner, Subsea Tech and Overdick, among others.
- Headquarter Shoreview, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.89 M (USD)
in 7 rounds
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Latest Funding Round
$25 M (USD), Debt – Conventional
Apr 12, 2023
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Investors
Scottish Enterprise
& 6 more
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Employee Count
Employee Count
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Acquired by
Edison Chouest Offshore
(May 02, 2024)
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Products & Services of Rovop
Rovop offers a comprehensive portfolio of products and services, including ROV Solutions, Schilling UHD, Triton XLS, and Seaeye Cougar XT. 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.
Delivers complete ROV systems for underwater operations and maintenance
Advanced ROV for high-definition subsea inspection and tasks
ROV system for versatile subsea exploration and support
Compact ROV for efficient subsea operations in various environments
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Funding Insights of Rovop
Rovop has successfully raised a total of $101.89M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in April 2023. 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 7
- Last Round Debt – Conventional — $25.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Debt – Conventional - Rovop | Valuation |
investors |
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| Jul, 2020 | Amount | Series D - Rovop | Valuation | Bluewater , BGF |
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| Dec, 2017 | Amount | Series C - Rovop | Valuation | Bluewater , BGF |
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| 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 Rovop
Rovop has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Scottish Enterprise, Edison Chouest Offshore and Scottish Development International. 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 and infrastructure fund focused on digital infra, Agri, and renewable energy sectors
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Founded Year | Domain | Location | |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Bluewater is engaged in private equity investments within the global energy supply chain.
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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 Rovop
| 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 - Rovop
| 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 |
Rovop Comparisons
Competitors of Rovop
Rovop 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 Rovco, 3sun Group, SubC Partner, Subsea Tech and Overdick, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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| domain | founded_year | HQ Location |
OIl and gas and renewable energy service provider
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| domain | founded_year | HQ Location |
Offshore services including diving, engineering, and fabrication are provided.
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| domain | founded_year | HQ Location |
ROVs for underwater inspection are developed and provided.
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| domain | founded_year | HQ Location |
Offshore engineering, maintenance, and inspections services provider
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| 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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Latest news on Rovop
Frequently Asked Questions about Rovop
When was Rovop founded?
Rovop was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Rovop located?
Rovop is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
Is Rovop a funded company?
Rovop is a funded company, having raised a total of $101.89M across 7 funding rounds to date. The company's 1st funding round was a Series C of $74.89M, raised on Jun 01, 2012.
What does Rovop do?
Rovop was founded in 2011 and is based in Shoreview, United States. Subsea remotely operated vehicle services are offered in the offshore energy sector, covering pipeline and platform inspections, repairs, and maintenance. Wind farm cable laying and inspections are included, as well as subsea construction, drill support, and survey operations. Focus is placed on supporting marine infrastructure projects globally.
Who are the top competitors of Rovop?
Rovop's top competitors include Rovco, SubC Partner and 3sun Group.
What products or services does Rovop offer?
Rovop offers ROV Solutions, Schilling UHD, Triton XLS, and Seaeye Cougar XT.
Who are Rovop's investors?
Rovop has 7 investors. Key investors include Scottish Enterprise, Edison Chouest Offshore, Scottish Development International, Cordiant Capital, and Bluewater.
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