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ECOsubsea

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Providing environmentally friendly Hull Cleaning service and Biofouling Management solutions to the shipping industry

Austevoll, NorwayFounded 2008Transportation
Valuation $50–100M Last recorded · 2023
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for ECOsubsea and the history behind them.

About ECOsubsea

ECOsubsea provides eco-friendly underwater hull cleaning, inspection, and biofouling management services aimed at enhancing vessel efficiency and promoting environmental sustainability. The company addresses the significant issue of biofouling, which can increase fuel consumption and lead to the transfer of invasive species.

Operating within the global shipping industry, ECOsubsea serves a diverse client base that includes commercial vessels and cruise ships. The company collaborates with a global network of ship-services to deliver its solutions efficiently across various locations. Its business model revolves around offering a specialized cleaning service that not only improves the operational performance of vessels but also helps clients comply with environmental regulations.

The core of its service is a proprietary technology that has been developed over several years. This system utilizes patented "soft jets" for effective and non-damaging hull cleaning. A key differentiator is its closed-loop system, which captures the biofouling removed from the hull, preventing it from being released into the marine environment. This captured waste can then be processed and utilized for other purposes, such as biofuel, adding a circular economy aspect to its operations.

Recent fundraising of $12 million is set to accelerate the company's growth and the adoption of its green technology within the shipping industry.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Austevoll, Norway
Employees
26
Open positions
None listed
Dealroom signal
59.5/100
Industry
Transportation
Sub-industry
Maintenance
Sector
Transportation, Sustainable Development Goals, Maritime, Climate Tech, Blue Economy, Marine Transportation, Hard Tech, Shipbuilding and Refit
Business model
SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Feb 2025 $6.2M — Innovation Norway ↗
SERIES B✓Equity / VC Oct 2023 $12M $48M Blue Oceans Partners ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

ECOsubsea website traffic

Latest recorded traffic for ECOsubsea is 670 monthly website visits, down 64.7% over the last three months. ECOsubsea's team declined 16.1% over the past year.

Latest monthly visits670 3-month web change-64.7% 1-year team growth-16.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Innovation Norway

Series A1 investor entered at this stage

  • Blue Oceans Partners

Other known investors1 additional known investor

  • 1000 Ocean Startups
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇳🇴 Norway47.4%
🇬🇧 United Kingdom21.1%
🇸🇬 Singapore5.3%
🇺🇸 United States5.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ECOsubsea on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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