About Shoreline
Shoreline is a company based in Stavanger (Norway) founded in 2014 by Michael Bjerrum and Ole-Erik Endrerud.. Shoreline has raised $11.5 million across 3 funding rounds from investors including Ingenious, Ecosystem Integrity Fund and Blue Bear Capital. The company has 9 employees as of December 31, 2021. Shoreline offers products and services including Construction Simulations, O&M Simulations, Work Order Management, Defect Management, and Inventory Management. Shoreline operates in a competitive market with competitors including Sentient Science, Mingyang Intelligence, NASH Renewables, Marlinks and Ithaca Clean Energy, among others.
- Headquarter Stavanger, Norway
- Employees 9 as on 31 Dec, 2021
- Founders Michael Bjerrum, Ole-Erik Endrerud
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Shoreline As
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Annual Revenue
$1.41 M (USD)17as on Dec 31, 2021
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Net Profit
$-22.38 K (USD)87as on Dec 31, 2021
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EBITDA
$-22.38 K (USD)87as on Dec 31, 2021
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Total Equity Funding
$11.5 M (USD)
in 3 rounds
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Latest Funding Round
$7.5 M (USD), Series B
Jun 06, 2022
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Investors
Ingenious
& 4 more
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Employee Count
9
as on Dec 31, 2021
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Products & Services of Shoreline
Shoreline offers a comprehensive portfolio of products and services, including Construction Simulations, O&M Simulations, Work Order Management, Defect Management, and Inventory Management. 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.
Simulates scenarios for wind farm construction to optimize schedules
Optimizes wind farm maintenance and resource management processes
Automates work orders to reduce errors in field services
Manages defects to ensure efficient wind farm operations
Tracks resources for streamlined wind farm logistics
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Funding Insights of Shoreline
Shoreline has successfully raised a total of $11.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7.5 million completed in June 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 3
- Last Round Series B — $7.5M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Shoreline | Valuation |
investors |
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| Apr, 2020 | Amount | Series A - Shoreline | Valuation | The Ingenious Group | |
| Oct, 2017 | Amount | Seed - Shoreline | 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 Shoreline
Shoreline has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ingenious, Ecosystem Integrity Fund and Blue Bear Capital. 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 is provided to early-stage startups by this fund.
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Private equity investments are directed across various sectors.
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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 Shoreline
| 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 - Shoreline
| 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 |
Shoreline Comparisons
Competitors of Shoreline
Shoreline 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 Sentient Science, Mingyang Intelligence, NASH Renewables, Marlinks and Ithaca Clean Energy, 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 |
Predictive platform for mechanical failures in critical equipment is developed.
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| domain | founded_year | HQ Location |
Wind energy generation and monitoring systems are developed and optimized.
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| domain | founded_year | HQ Location |
AI-driven wind energy asset management software is provided.
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| domain | founded_year | HQ Location |
Provides real-time monitoring services for subsea cables in renewable energy.
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| domain | founded_year | HQ Location |
AI and app-based platform offering a digital twin and analytics solution for offshore wind projects
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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 Shoreline
Frequently Asked Questions about Shoreline
When was Shoreline founded?
Shoreline was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Shoreline located?
Shoreline is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Who is the current CEO of Shoreline?
Ole-Erik Endrerud is the current CEO of Shoreline. They have also founded this company.
Is Shoreline a funded company?
Shoreline is a funded company, having raised a total of $11.5M across 3 funding rounds to date.
How many employees does Shoreline have?
As of Dec 31, 2021, the latest employee count at Shoreline is 9.
What is the annual revenue of Shoreline?
Annual revenue of Shoreline is $1.41M as on Dec 31, 2021.
What does Shoreline do?
Shoreline was founded in 2014 in Stavanger, Norway, as a provider of simulation and monitoring software for the wind energy sector. Offshore wind energy systems are supported through tools for monitoring, analysis, and management. Software such as Maintsys and Simstall is developed to handle operations, maintenance, and logistics for offshore wind turbine farms. The focus remains on practical solutions for energy infrastructure.
Who are the top competitors of Shoreline?
Shoreline's top competitors include Mingyang Intelligence, Sentient Science and NASH Renewables.
What products or services does Shoreline offer?
Shoreline offers Construction Simulations, O&M Simulations, Work Order Management, Defect Management, and Inventory Management.
Who are Shoreline's investors?
Shoreline has 5 investors. Key investors include Ingenious, Ecosystem Integrity Fund, Blue Bear Capital, Investinor, and Alliance Venture.
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