XOCEAN

XOCEAN

Using Uncrewed Surface Vessels (USVs), XOCEAN provides turnkey data collection services to surveyors, companies and agencies. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues-<1m1.2m3.7m6.1m29.3m38.2m
% growth--55 %220 %65 %377 %30 %
EBITDA<1m<1m<1m<1m<1m--
% EBITDA margin-4 %17 %17 %16 %--
Profit<1m<1m<1m<1m<1m--
% profit margin--1 %-1 %--
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DateInvestorsAmountRound
-

N/A

-

€200k

Grant

$560k

Angel
*
N/A

$8.8m

Early VC
*

€1.7m

Grant
*

€8.0m

Valuation: €100m

157.6x EV/LTM EBITDA

Early VC
*

€30.0m

Series B
Total Funding$53.2m

Recent News about XOCEAN

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More about XOCEANinfo icon
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XOCEAN specializes in providing turnkey ocean data solutions using Uncrewed Surface Vessels (USVs). The company operates in the ocean economy, serving clients in industries such as shipping, fishing, and offshore energy. XOCEAN's business model revolves around delivering high-quality ocean data for purposes like seabed mapping and environmental monitoring. The company generates revenue by offering customizable data packages tailored to the specific needs of its clients. XOCEAN's approach is both economic and environmentally friendly, focusing on carbon-neutral operations. The company is committed to sustainable development and employs a talented international team driven by the mission to make a positive impact on the planet.

Keywords: Uncrewed Surface Vessels, ocean data, seabed mapping, environmental monitoring, carbon-neutral, turnkey solutions, shipping, fishing, offshore energy, customizable data packages.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by XOCEAN

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Geomara
ACQUISITION by XOCEAN May 2022