Tech Company Financing Transactions
Flocean Funding Round
On 12/10/2024, Flocean received $9 million in Series A financing from Burnt Island Ventures, Nysnø Climate Investments and Katapult Ocean.
Transaction Overview
Company Name
Announced On
12/10/2024
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Series A
Investors
Burnt Island Ventures (Lead Investor)
Nysnø Climate Investments (Lead Investor)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Caspar Storms Vei 21
Oslo, 0664
Norway
Oslo, 0664
Norway
Phone
Website
Email Address
Overview
Flocean AS is the maker of the Flocean Desal. The company demerged from FSubsea, a 5-generation Norwegian family business, in 2024. Every day of the week, we design and deliver the world's most climate-smart, cost-effective and robust subsea pumping systems, including Flocean. Our mission with Flocean is to deliver affordable freshwater to people, farmers and industry in the most climate-smart and ocean-friendly way possible. We do this by harnessing the natural properties of deep ocean water, coupled with more than 100 years of subsea processing experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexander Fuglesang
Chief Financial Officer
Birgitte Hjertum
Vice President
Erlend Mjaavatten
VP - Bus. Development
Nils Heieren
VP - Operations
Solfrid Kolby
VP - Product Management
Christian Abelsson
Browse more venture capital transactions:
Prev: 12/9/2024: Lava venture capital transaction
Next: 12/10/2024: LambdaTest venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We record every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs