About Stingray Marine Solutions
Stingray Marine Solutions is a company based in Oslo (Norway) founded in 2012 was acquired by Novo Holdings in October 2024. It operates as a AgriTech Models, and Product-as-a-Service. Stingray Marine Solutions has raised $5.2 million across 4 funding rounds from investors including Innovasjon Norge, European Union and Pareto Securities. Stingray Marine Solutions offers products and services including Fiskens Helsestasjon, Laser Delousing, and Lice Counting. Stingray Marine Solutions operates in a competitive market with competitors including Blue Lice, among others.
- Headquarter Oslo, Norway
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Sectors
AgricultureTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stingray Marine Solutions As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.2 M (USD)
in 4 rounds
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Latest Funding Round
$5.2 M (USD), Series A
Dec 20, 2016
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Investors
Innovasjon Norge
& 6 more
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Employee Count
Employee Count
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Acquired by
Novo Holdings
(Oct 10, 2024)
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Products & Services of Stingray Marine Solutions
Stingray Marine Solutions offers a comprehensive portfolio of products and services, including Fiskens Helsestasjon, Laser Delousing, and Lice Counting. 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.
Laser technology is used for fish health monitoring.
Lice are removed using precise laser technology solutions.
Lice populations are monitored with advanced counting systems.
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Funding Insights of Stingray Marine Solutions
Stingray Marine Solutions has successfully raised a total of $5.2M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.2 million completed in December 2016. 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 4
- Last Round Series A — $5.2M
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First Round
First Round
(01 Jun 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Series A - Stingray Marine Solutions | Valuation | Pareto Securities , Holta Invest |
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| Jul, 2015 | Amount | Grant - Stingray Marine Solutions | Valuation |
investors |
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| Feb, 2015 | Amount | Grant - Stingray Marine Solutions | 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 Stingray Marine Solutions
Stingray Marine Solutions has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Innovasjon Norge, European Union and Pareto Securities. 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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Founded Year | Domain | Location | |
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Televenture is recognized as a leading venture capital firm in Norway.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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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 Stingray Marine Solutions
| 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 - Stingray Marine Solutions
| 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 |
Stingray Marine Solutions Comparisons
Competitors of Stingray Marine Solutions
Stingray Marine Solutions 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 Blue Lice, 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 |
Technology is developed to trap salmon lice using natural instincts.
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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 Stingray Marine Solutions
Frequently Asked Questions about Stingray Marine Solutions
When was Stingray Marine Solutions founded?
Stingray Marine Solutions was founded in 2012.
Where is Stingray Marine Solutions located?
Stingray Marine Solutions is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Is Stingray Marine Solutions a funded company?
Stingray Marine Solutions is a funded company, having raised a total of $5.2M across 4 funding rounds to date. The company's 1st funding round was a Grant of $56.54K, raised on Jun 01, 2012.
What does Stingray Marine Solutions do?
Stingray Marine Solutions is engaged in revolutionizing the aquaculture industry through innovative laser technology. Solutions are developed for delousing and continuous monitoring of fish health, minimizing physical handling. Stress and injuries to fish are reduced, contributing to lower mortality rates. The company operates primarily in the fish welfare sector, offering sustainable and efficient methods for fish farming. Advanced systems are provided to ensure natural and effective aquaculture practices.
Who are the top competitors of Stingray Marine Solutions?
Stingray Marine Solutions's top competitors include Blue Lice.
What products or services does Stingray Marine Solutions offer?
Stingray Marine Solutions offers Fiskens Helsestasjon, Laser Delousing, and Lice Counting.
Who are Stingray Marine Solutions's investors?
Stingray Marine Solutions has 7 investors. Key investors include Innovasjon Norge, European Union, Pareto Securities, Holta Invest, and Televenture.