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Minesto

10 Disclosed Funding Rounds $46,383,815

0 Participating Investments


Energy, GreenTech, CleanTech, Renewable Energy, Clean Energy

Minesto operates as a developer of marine energy technology solution in Sweden, Wales, and Northern Ireland.

Västra Frölunda, Vastra Gotaland, Sweden, Europe (SE)

Organizations in Västra Frölunda in Energy,
Organizations in Västra Frölunda in GreenTech,
Organizations in Västra Frölunda in CleanTech,
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Organizations in Västra Frölunda in Clean Energy,
Organizations in Vastra Gotaland in Energy,
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Organizations in Vastra Gotaland in Clean Energy,
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Investors in Västra Frölunda in Energy,
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European Union (EU) (0 Investors) (0 Startups), Scandinavia (0 Investors) (0 Startups), Nordic Countries (0 Investors) (0 Startups)

Founded date 01, 2007

Founders Magnus Landberg

Operating Status Active

Funding Stage IPO

Last Funding Type Grant

Company Type For Profit


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Minesto operates as a developer of marine energy technology solution in Sweden, Wales, and Northern Ireland. It develops Deep Green technology, which produces electricity from slow tidal and ocean currents through a turbine. Magnus Landberg founded Minesto in 2007. It has its headquarters in Gothenburg in Sweden.

Date Round Raised Lead
June, 19, 2019 Grant $1,300,000 Swedish Energy Agency
June, 10, 2019 Grant $2,829,625 European Commission
May, 31, 2019 Grant $16,678,233 The Welsh Government
December, 10, 2018 Post-IPO Equity $1,135,603 InnoEnergy
June, 21, 2018 Grant $58,019 Horizon 2020
February, 09, 2018 Post-IPO Equity $5,512,949 InnoEnergy
March, 06, 2017 Post-IPO Equity $8,322,420 -------
February, 01, 2017 Post-IPO Equity $3,800,000 -------
June, 15, 2016 Venture - Series Unknown $1,126,378 InnoEnergy
December, 09, 2015 Venture - Series Unknown $5,620,584 -------

Minesto Investors (9)

Investor Lead? Round Participating Raise Date Partners
Swedish Energy Agency Yes Grant $1,300,000 June, 19, 2019 -------
European Commission Yes Grant $2,829,625 June, 10, 2019 -------
The Welsh Government Yes Grant $16,678,233 May, 31, 2019 -------
InnoEnergy Yes Post-IPO Equity $1,135,603 December, 10, 2018 -------
Horizon 2020 Yes Grant $58,019 June, 21, 2018 -------
InnoEnergy Yes Post-IPO Equity $5,512,949 February, 09, 2018 -------
Midroc New Technology No Post-IPO Equity $3,800,000 February, 01, 2017 -------
BGA Invest AB No Post-IPO Equity $3,800,000 February, 01, 2017 -------
InnoEnergy Yes Venture - Series Unknown $1,126,378 June, 15, 2016 -------