About Western Bulk
Western Bulk is a company based in Oslo (Norway) founded in 1982 by Tellef Thorleifsson was acquired by Kistefos in February 2016.. Western Bulk has raised $15 million across 2 funding rounds from investors including Ojada and Kistefos. The company has 94 employees as of December 31, 2024. Western Bulk offers products and services including Dry Bulk Chartering.
- Headquarter Oslo, Norway
- Employees 94 as on 31 Dec, 2024
- Founders Tellef Thorleifsson
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Western Bulk Chartering As
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Annual Revenue
$1.2 B (USD)15.58as on Dec 31, 2024
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Net Profit
$-2.6 M (USD)82.1as on Dec 31, 2024
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EBITDA
$-5.34 M (USD)55.03as on Dec 31, 2024
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Ojada
& 1 more
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Employee Count
94
as on Dec 31, 2024
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Acquired by
Kistefos
(Feb 02, 2016)
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IPO & Listings of Western Bulk
Western Bulk is a publicly listed company on the OSL with ticker symbol WEST in Norway, operating in the Transportation 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.
Products & Services of Western Bulk
Western Bulk offers a comprehensive portfolio of products and services, including Dry Bulk Chartering. 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.
Chartering of dry bulk vessels for global commodity trade
Funding Insights of Western Bulk
Western Bulk has successfully raised a total of $15M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(26 Apr 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Private Equity Round - Western Bulk | Valuation | Ojada |
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| Apr, 2019 | Amount | Debt – Conventional - Western Bulk | 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Western Bulk
Western Bulk has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ojada and Kistefos. 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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A private investment company managing diversified portfolios is operated.
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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.
|
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 Western Bulk
| 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 - Western Bulk
| 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 |
Western Bulk Comparisons
Competitors of Western Bulk
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Western Bulk
Frequently Asked Questions about Western Bulk
When was Western Bulk founded?
Western Bulk was founded in 1982 and raised its 1st funding round 37 years after it was founded.
Where is Western Bulk located?
Western Bulk is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Western Bulk?
Hans Aasnaes is the current CEO of Western Bulk.
Is Western Bulk a funded company?
Western Bulk is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $15M, raised on Apr 26, 2019.
How many employees does Western Bulk have?
As of Dec 31, 2024, the latest employee count at Western Bulk is 94.
What is the annual revenue of Western Bulk?
Annual revenue of Western Bulk is $1.2B as on Dec 31, 2024.
What does Western Bulk do?
Western Bulk was established in 1982 in Oslo, Norway, within the maritime sector. Transportation services for dry bulk commodities, such as grains and minerals, are offered through a dedicated fleet of vessels. Ownership and operation of these ships enable reliable global shipping. The company maintains its base in Norway while supporting international trade networks.
What products or services does Western Bulk offer?
Western Bulk offers Dry Bulk Chartering.
Is Western Bulk publicly traded?
Yes, Western Bulk is publicly traded on OSL under the ticker symbol WEST.
Who are Western Bulk's investors?
Western Bulk has 2 investors. Key investors include Ojada, and Kistefos.
What is Western Bulk's ticker symbol?
The ticker symbol of Western Bulk is WEST on OSL.