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
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
Phone
Undisclosed
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
Otovo LinkedIn Company Profile
Social Media
Otovo Company Twitter Account
Company News
Otovo News
Facebook
Otovo on Facebook
YouTube
Otovo on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Andreas Thorsheim
  Andreas Thorsheim LinkedIn Profile  Andreas Thorsheim Twitter Account  Andreas Thorsheim News  Andreas Thorsheim on Facebook
Chief Operating Officer
Michal Karnibad
  Michal Karnibad LinkedIn Profile  Michal Karnibad Twitter Account  Michal Karnibad News  Michal Karnibad on Facebook
Co-Founder
Simen Jørgensen
  Simen Jørgensen LinkedIn Profile  Simen Jørgensen Twitter Account  Simen Jørgensen News  Simen Jørgensen on Facebook


 

 

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Prev: 11/13/2023: Firefly Aerospace venture capital transaction
Next: 11/13/2023: Solvimon venture capital transaction

 

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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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