Tech Company Financing Transactions
Otovo Funding Round
Otovo secured a $4.4 million financing round on 11/13/2023. Investors included Axel Johnson, Norwegian and Obos VC.
Transaction Overview
Company Name
Announced On
11/13/2023
Transaction Type
Venture Equity
Amount
$4,380,000
Round
Undisclosed
Investors
Proceeds Purpose
The new capital is aimed at providing Otovo with a path to profitability by growing sales volume, optimising operational costs, and monetising subscription assets
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Torggata 7
Oslo, 0181
NO
Oslo, 0181
NO
Phone
Undisclosed
Website
Email Address
Overview
Otovo is the easiest way for homeowners to get solar panels on the roof and batteries in the home. We are a marketplace that organizes a network of hundreds of local and highly qualified solar installers that we have carefully reviewed. We use our proprietary technology to analyze the potential of any home and provide precise advice on the ideal project so we can provide clients with an offer in seconds.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andreas Thorsheim
Chief Operating Officer
Michal Karnibad
Co-Founder
Simen Jørgensen
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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