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Wind Catching Systems

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Develops floating offshore wind technology at bottom-fixed prices

Bærum, NorwayFounded 2017Energy
Valuation $50–100M Last recorded · 2023
Revenue <$1M 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 Wind Catching Systems and the history behind them.

About Wind Catching Systems

Wind Catching Systems AS, established in 2017, is a Norwegian company developing a novel floating offshore wind energy solution. The firm was founded by Asbjørn Nes, Arthur Kordt, and Ole Heggheim. Nes, with his background as a founder of a consultancy in the oil and gas sector, and Kordt, a mechanical engineer and inventor, conceived the initial idea, with Heggheim later joining to contribute his extensive experience from the wind industry.

The company's core technology is the Windcatcher, a large floating structure that utilizes multiple smaller turbines arranged in a grid formation, contrasting with the conventional single large turbine design. This multi-rotor system is designed to produce significantly more energy per square meter of ocean space. Projections suggest a single Windcatcher unit could generate electricity equivalent to five of the largest conventional offshore wind turbines, potentially powering up to 100,000 European households. The design aims to reduce the operational area needed for wind farms by over 80%.

Wind Catching Systems targets the deep-water offshore wind market, an area with vast, untapped wind resources. The business model appears to be centered on the development and eventual sale or licensing of its Windcatcher technology to energy developers and operators. The system is engineered for a 50-year operational lifespan and is designed for easier maintenance, as repairs can be performed on-site without the need for specialized vessels. By stacking turbines vertically, the system can capture energy from winds at different altitudes, an effect enhanced by the interaction between the rotors which can increase their individual output.

The company has secured significant backing from investors including Ferd, North Energy, and the an entity associated with the General Motors investment arm. A prototype is scheduled for installation in 2024 at the Mehuken wind park in Norway, operated by Stadtwerke München.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Bærum, Norway
Employees
13
Open positions
None listed
Dealroom signal
70.3/100
Industry
Energy
Sub-industry
Clean Energy
Sector
Energy, Wind Energy, Sustainable Development Goals, Marine Energy, Climate Tech, Blue Economy, Offshore Wind, Renewable Energy, Blue Renewable Energy, Hard Tech
Technology
Hardware
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jul 2023 $15M $61M Undisclosed ↗
GRANT✓Other financing Oct 2022 $2.1M — Enova ↗
Showing the latest 2 of 5 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.

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Growth signals

Wind Catching Systems website traffic

Latest recorded traffic for Wind Catching Systems is 2.2K monthly website visits, up 1900% over the last three months. Wind Catching Systems's team declined 13.3% over the past year.

Latest monthly visits2.2K 3-month web change+1900% 1-year team growth-13.3%
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.

Seed2 investors entered at this stage

  • Innovation Norway
  • Enova

Series A1 investor entered at this stage

  • GM Ventures
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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
🇳🇴 Norway63.6%
🇺🇸 United States18.2%
🇮🇱 Israel9.1%
🇬🇧 United Kingdom9.1%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Wind Catching Systems 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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