SeaTwirl

Goteborg, Sweden Founded: 2013 • Age: 13 yrs
Vertical axis offshore wind turbine developer
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About SeaTwirl

SeaTwirl is a company based in Goteborg (Sweden) founded in 2013.. The company has 13 employees as of December 31, 2024. SeaTwirl operates in a competitive market with competitors including X1 Wind, BW Ideol, Triton Anchor, Principle Power and Wind Catching Systems, among others.

  • Headquarter Goteborg, Sweden
  • Employees 13 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Seatwirl Ab
Operational Areas
Energy & Utilities → Renewable & Clean Energy
Energy & Utilities → Renewable & Clean Energy
Key Metrics
  • Annual Revenue
    $0 (USD)
    -100
    as on Dec 31, 2024
  • Net Profit
    $-1.67 M (USD)
    -8.02
    as on Dec 31, 2024
  • EBITDA
    $-1.87 M (USD)
    -0.11
    as on Dec 31, 2024
  • Latest Funding Round
    $58.99 K (USD), Grant

    Aug 31, 2021

  • Investors
  • Employee Count
    13

    as on Dec 31, 2024

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IPO & Listings of SeaTwirl

SeaTwirl is a publicly listed company on the OMXSTO with ticker symbol STW in Sweden, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: OMXSTO · Ticker: STW . Sector: Utilities · Sweden
People of SeaTwirl
Headcount 1-10
Employee Profiles 10
Employee Profiles
People
Johan Sandberg
CEO
People
Eric Lorentzon
Head Of Foundation And Mooring
People
Rémi Corniglion
Floating Wind Turbine Loads Engineer
People
David Österberg
Head Of R&d

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Funding Insights of SeaTwirl

  • Total Funding
  • Total Rounds 3
  • Last Round Grant — $58,992
  • First Round
  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2021 Amount Grant - SeaTwirl Valuation

investors

Sep, 2019 Amount Grant - SeaTwirl Valuation

investors

Apr, 2016 Amount Series A - SeaTwirl Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in SeaTwirl

SeaTwirl has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Government agency and accelerator focusing on innovative startups and SMEs
Founded Year Domain Location
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by SeaTwirl

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - SeaTwirl

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Seatwirl Comparisons

Employees
+
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Competitors of SeaTwirl

SeaTwirl 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 X1 Wind, BW Ideol, Triton Anchor, Principle Power and Wind Catching Systems, 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 offshore floating wind platform for the wind energy sector
domain founded_year HQ Location
Floating offshore wind energy platforms are provided for renewable projects.
domain founded_year HQ Location
Provider of offshore wind anchor
domain founded_year HQ Location
Floating platforms for offshore wind turbines are designed and provided.
domain founded_year HQ Location
Offshore wind floating systems are provided for renewable energy projects.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Frequently Asked Questions about SeaTwirl

When was SeaTwirl founded?

SeaTwirl was founded in 2013 and raised its 1st funding round 3 years after it was founded.

Where is SeaTwirl located?

SeaTwirl is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.

How many employees does SeaTwirl have?

As of Dec 31, 2024, the latest employee count at SeaTwirl is 13.

What does SeaTwirl do?

SeaTwirl is a a floating offshore vertical axis wind turbine that can be placed at deeper waters. The vertical axis wind turbine is mounted on a underwater structure that reaches deep down under the water surface. The underwater structure contains a buoyancy part and in its lowest point weight part. This makes the structure stable. The full body from the wind turbine in the top to the lowest underwater weight part is rotating as one piece and all its weight is carried up by the water. To translate the kinetic energy into electrical energy a generator is placed around the rotating tower. The generator is placed above the sea level and is held at place using anchoring to the bottom of the sea.

Who are the top competitors of SeaTwirl?

SeaTwirl's top competitors include Principle Power, X1 Wind and Stiesdal.

Is SeaTwirl publicly traded?

Yes, SeaTwirl is publicly traded on OMXSTO under the ticker symbol STW.

Who are SeaTwirl's investors?

SeaTwirl has 2 investors. Key investors include European Union, and EIC Fund.

What is SeaTwirl's ticker symbol?

The ticker symbol of SeaTwirl is STW on OMXSTO.

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