Tech Company Financing Transactions
Minesto Funding Round
Minesto, operating out of Västra Frölunda, secured $2.3 million from Fenja Capital.
Transaction Overview
Company Name
Announced On
6/18/2025
Transaction Type
Debt
Amount
$2,300,000
Round
Undisclosed
Investors
Proceeds Purpose
The loan financing will be used as working capital in the Company's ongoing operations and business development to clarify immediate market opportunities.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
J A Wettergrens gata 14
Västra Frölunda, 421 30
Sweden
Västra Frölunda, 421 30
Sweden
Phone
Website
Email Address
Not Recorded
Overview
Minesto is a marine energy technology developer, founded in 2007 as a spin-off from Swedish aerospace manufacturer Saab. Since then, Minesto has successfully developed its unique ocean energy technology. The company has operations in Sweden, Wales, the Faroe Islands, Northern Ireland and Taiwan, with headquarters in Gothenburg, Sweden. Main owners are BGA Invest and Corespring New Technology. The Minesto shares are listed on the Nasdaq First North Growth Market in Stockholm.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Martin Edlund
Browse more venture capital transactions:
Prev: 6/18/2025: Swarmia venture capital transaction
Next: 6/18/2025: Tennr venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs