Companies · Other Energy

Otovo ASANew on the radar

OSLO · Other Energy

Diligence memoA one-page analyst read on Otovo ASA — recommendation, valuation, rhythm, risks.
$14.0M
Total raised · real
1
Rounds
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Mon Mar 02 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Otovo ASA looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.84× the median modeled value of Series A Other Energy companies in 2025–2027 (43 peers) — value vs value, same stage and era.
Active
  • Last raise 4 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

Otovo ASA is one of 2049 Other Energy companies tracked from OSLO. By capital raised it ranks in the upper tier (ahead of 75% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
13
Investors (latest)
2026-03-02
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeries A · 2026-03-02 Raised $14M (real) Modeled valuation $36M (est)$14M$36MSeries A2026

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$14.0M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$36.1M
Base estimate est.
$18.1M
Conservative case
$53.2M
Upside case
$63.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.3 yr
On record since
2026
First round
New
First-time filer
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 4.1× above median
This company$14.0M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.5× above median
This company$14.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$36.1M
Sector median$17.0M

Raised more than 75% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #6 of 43.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Industrial Biomass Group LLC · Series A Raised $15.0M · modeled $49.0M (est)Hixwood CFS Partners, LLC · Series A Raised $12.6M · modeled $43.1M (est)Endolith Inc. · Series A Raised $19.2M · modeled $38.9M (est)Sora Fuel Corp · Series A Raised $15.2M · modeled $37.3M (est)Sapphire Technologies, Inc. · Series A Raised $37.5M · modeled $36.5M (est)Helius Minerals Ltd · Series A Raised $11.3M · modeled $29.6M (est)Orenda, Inc. · Series A Raised $11.6M · modeled $27.2M (est)IsoEnergy Ltd. · Series A Raised $12.7M · modeled $26.8M (est)Fractal Power Inc. · Series A Raised $9.8M · modeled $26.0M (est)Shadow Power, Inc. · Series A Raised $7.3M · modeled $24.6M (est)Libertystream Infrastructure Partners Inc. · Series A Raised $16.4M · modeled $24.1M (est)Otovo ASA (this company) Raised $14.0M · modeled $36.1M (est)Otovo ASA
CompanyStageRaised · realValue · estvs peer med.
Industrial Biomass Group LLCSeries A$15.0M$49.0M2.50×
Hixwood CFS Partners, LLCSeries A$12.6M$43.1M2.20×
Endolith Inc.Series A$19.2M$38.9M1.98×
Sora Fuel CorpSeries A$15.2M$37.3M1.90×
Sapphire Technologies, Inc.Series A$37.5M$36.5M1.86×
Otovo ASA this companySeries A$14.0M$36.1M1.84×
Helius Minerals LtdSeries A$11.3M$29.6M1.51×
Orenda, Inc.Series A$11.6M$27.2M1.39×
IsoEnergy Ltd.Series A$12.7M$26.8M1.37×
Fractal Power Inc.Series A$9.8M$26.0M1.33×
Shadow Power, Inc.Series A$7.3M$24.6M1.26×
Libertystream Infrastructure Partners Inc.Series A$16.4M$24.1M1.23×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$14.0M2026-03-02$63.6M$36.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$14.0M2026-03-02
    • First recorded raise — entered as Series A.
    • 13 investors on this round.
Intelligence
Modeled next raise
$22.4M
Modeled next size est.range $14.5M$35.8M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Aina Lemoen Lunden2026-03
Andreas Jackson Thorsheim2026-03
Eleanor Jackson Gilbane2026-03
George Erik Coyle2026-03
Jennifer Jackson Santoscoy2026-03
Lars Erik Torjussen2026-03
Mette Rokne Hanestad2026-03
Nanna Rokne Petersen2026-03
Tor Oystein Repstad2026-03
William Jackson Berger2026-03
Registry & provenance

Otovo ASA is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2121679
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
OneEnergy, Inc.Other EnergySeries A$13.7M$37.6Msame sector · same stage
Brillouin Energy Corp.Other EnergySeries A$13.7M$48.2Msame sector · same stage
Solace Power Inc.Other EnergySeries A$13.7M$31.8Msame sector · same stage
Voyager Horseshoe, LPOther EnergySeries A$14.4M$21.3Msame sector · same stage
Sun Catalytix CorpOther EnergySeries A$13.6M$42.3Msame sector · same stage
Hill Country Wind Power Wind Farm #1, LpOther EnergySeries A$14.6M$50.7Msame sector · same stage
Electricom, LlcOther EnergySeries A$13.3M$35.5Msame sector · same stage
EnZinc Inc.Other EnergySeries A$13.3M$29.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
VERBIO Vereinigte BioEnergie AGOther EnergyPre-Seed$2.5M81%
Tgs AsaOther EnergySeries A$14.9M80%
Advanced Thermovoltaic Systems, LLCOther EnergyPre-Seed$6.2M79%
Ampion, PBCOther EnergySeries A$56.8M78%
Universal Energy Inc.Other EnergyPre-Seed$2.9M78%
Ubiquitous Energy, Inc.Other EnergySeries A$158.5M78%
Electrada, LLCOther EnergySeries B$146.1M78%
Ambient Reservoir Monitoring, Inc.Other EnergyPre-Seed$10.5M78%
Frequently asked
How much funding has Otovo ASA raised?
Otovo ASA has raised approximately $14.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Otovo ASA's estimated valuation?
Provath's modeled valuation for Otovo ASA is approximately $36.1M (modeled range $18.1M–$53.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Otovo ASA at?
Otovo ASA's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Mar 02.
What does Otovo ASA do and where is it based?
Otovo ASA operates in the Other Energy sector, based in OSLO.
Explore related

See where Otovo ASA sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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