Takeoff Partners congratulates portfolio company Rocsole for bold internationalization plans and a sizable financing round led by Repsol

11.1.2016 13:49

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Rocsole collected a several million euro funding round led by the Spanish oil and gas company Repsol together with co-investors, Finnvera and some of the current investors. This will be the first investment in a Finnish company by an international oil company.

“This fresh capital gives us the resources we need to better serve our customers worldwide while also establishing offices in key locations, including Houston, Texas,” said Anssi Lehikoinen, Chairman of the Board at Rocsole.

“We are ready to move our marketing, product distribution and support efforts to the next phase, so we can work with oil and gas leaders and other heavy industries to improve operations and technologies with our unique patent-pending solutions.”

A startup with bold global plans

Rocsole Ltd. is a leading provider of tomography technology for industrial processes. Established in 2012, the company serves some of the largest oil and gas companies in the world, along with other heavy industries. Rocsole’s key assets include tomographic process imaging expertise, fluent development of solutions in cooperation with the client, and an innovative and progressive staff.

During its early-stage development, Rocsole has seen revenue close to one million euro per year. The company’s headquarters and technological development center are located in Kuopio, Finland, and Rocsole also maintains an extensive global network of sales representatives and subcontractors. For more information, visit www.rocsole.com.

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