About Spring Energy
Spring Energy is an Energy & Utilities company based in Oslo (Norway) founded in 2007, and was acquired by Tullow Oil in December 2012. Exploration and production company. Spring Energy has raised $120 million across 1 funding round from investors including Tullow Oil and HitecVision. Its focus areas include Energy, Oil & Gas Upstream and Diversified.
Company details
Spring Energy was established in 2007 in Oslo, Norway, as an oil and gas firm. Exploration and production operations were centered on the Norwegian Continental Shelf, with interests maintained in offshore licenses across the North, Norwegian, and Barents Seas. The company was acquired by Tullow Oil in December 2012.
- Headquarters Oslo, Norway
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website springenergy.no
- Social LinkedIn
- Acquired by Tullow Oil (Dec 2012)
- Total Equity Funding$120M (USD)
in 1 rounds
- Latest Funding Round$120M (USD), Private Equity Round
Apr 2008
- InvestorsTullow Oil
& 1 more
- Acquired byTullow Oil
(Dec 2012)
Funding Insights of Spring Energy
Spring Energy has successfully raised a total of $120M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $120 million completed in April 2008. 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 $120M
- Total Rounds 1
- Last Round Private Equity Round — $120M
- First Round $120M
(Apr 2008)
- Investors Count 1
All 1 funding rounds of Spring Energy 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 |
|---|---|---|---|---|---|
| Apr 2008 | $120M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Spring Energy
Spring Energy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tullow Oil and HitecVision.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HitecVision is focused on investments in the European energy sector. | hitecvision.com | Stavanger, Norway | ||
Oil exploration and production activities are conducted internationally. | 1985 | tullowoil.com | Chiswick, United Kingdom |
Investor details for Spring Energy
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.
Timeline of Spring Energy
3 dated milestones of Spring Energy across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Spring Energy is founded.
- Funding First funding round of $120.0M.
- Exit Acquired by Tullow Oil.
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Frequently Asked Questions about Spring Energy
Spring Energy was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Spring Energy is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Spring Energy is a funded company, having raised a total of $120M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $120M, raised on Apr 2008.
Spring Energy was established in 2007 in Oslo, Norway, as an oil and gas firm. Exploration and production operations were centered on the Norwegian Continental Shelf, with interests maintained in offshore licenses across the North, Norwegian, and Barents Seas. The company was acquired by Tullow Oil in December 2012.
Spring Energy has 2 investors. Key investors include Tullow Oil, and HitecVision.
Yes. Spring Energy was acquired by Tullow Oil in December 2012.