About Sorbwater Technology
Sorbwater Technology is a company based in Bergen (Norway) founded in 2007. Sorbwater Technology has raised $8.91 million across 2 funding rounds from investors including Repsol, Sparebanken Vest and Investinor. The company has 3 employees as of December 31, 2020. Sorbwater Technology offers products and services including Slop Treatment Technology (STT®), STT Purifier, Cuttings Treatment Technology (CTT®), Swarf Removal System (SRS), and Sorbfloc®. Sorbwater Technology operates in a competitive market with competitors including Streamline Innovations, SulfiLogger, AguaRaider, Sulfx and Clean Stream Technologies, among others.
- Headquarter Bergen, Norway
- Employees 3 as on 31 Dec, 2020
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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
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- Legal Name Soiltech As
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Annual Revenue
Not available
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Net Profit
$2.53 M (USD)2604as on Dec 31, 2022
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EBITDA
-$260.44 K (USD)-2013as on Dec 31, 2022
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Total Equity Funding
$8.91 M (USD)
in 2 rounds
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Latest Funding Round
$5.08 M (USD), Series A
Jun 08, 2017
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Investors
Repsol
& 4 more
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Employee Count
3
as on Dec 31, 2020
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Products & Services of Sorbwater Technology
Sorbwater Technology offers a comprehensive portfolio of products and services, including Slop Treatment Technology (STT®), STT Purifier, Cuttings Treatment Technology (CTT®), Swarf Removal System (SRS), and Sorbfloc®.
Mechanical technology that treats slop water and recovers oil, water, solids.
Reduces metals and ions in contaminated water for reuse or irrigation.
Treats drill cuttings to reduce waste in oil and gas operations.
Removes steel fragments from well flows for drilling fluid reuse.
Biodegradable chemical for treating and purifying contaminated water.
Funding Insights of Sorbwater Technology
Sorbwater Technology has successfully raised a total of $8.91M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.08 million completed in June 2017. 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.
Investors in Sorbwater Technology
Sorbwater Technology has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Repsol, Sparebanken Vest and Investinor.
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Early-stage tech and energy investments are made primarily in Norway.
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Investor details for Sorbwater Technology
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Investments & Acquisitions by Sorbwater Technology
Investment portfolio details for Sorbwater Technology
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Financial Statements - Sorbwater Technology
Detailed financials for Sorbwater Technology
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Sorbwater Technology Comparisons
Peer comparison for Sorbwater Technology
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Competitors of Sorbwater Technology
Sorbwater Technology 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 Streamline Innovations, SulfiLogger, AguaRaider, Sulfx and Clean Stream Technologies, among others.
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Water treatment solutions are delivered through chemical processes for reuse.
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Provider of innovative H2S sensors for continuous monitoring in industrial applications
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Provides technology solutions for oil and gas wastewater treatment.
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H2S gas removal technology is provided using efficient solutions.
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Provides air purification, spill kits, and protective equipment for industrial and healthcare safety.
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Detailed competitors of Sorbwater Technology
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Latest news on Sorbwater Technology
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Frequently Asked Questions about Sorbwater Technology
Sorbwater Technology was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Sorbwater Technology is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.
Svein Egil Steen is the current CEO of Sorbwater Technology.
Sorbwater Technology is a funded company, having raised a total of $8.91M across 2 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Sorbwater Technology is 3.
Sorbwater Technology was founded in 2007 in Bergen, Norway. Flocculation-based solutions for water and wastewater purification are offered to the oil and gas sector. A flocculent filter media called Sorbfloc has been developed to attach oil droplets. The patented separation device Sorbsep functions as a compact flotation unit for hydrocarbon-water separation. Additionally, the patent-pending Sorbpol is utilized to remove residual hydrocarbons from oily water.
Sorbwater Technology's top competitors include Streamline Innovations, SulfiLogger and Sulfx.
Sorbwater Technology offers Slop Treatment Technology (STT®), STT Purifier, Cuttings Treatment Technology (CTT®), Swarf Removal System (SRS), and Sorbfloc®.
Sorbwater Technology has 5 investors. Key investors include Repsol, Sparebanken Vest, Investinor, ProVenture, and Sarsia Seed.