# Flocean AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flocean

- Industry: Environmental Services
- Headquarters: Oslo, Norway
- Website: www.flocean.green
- Total disclosed funding: $32M
- Latest round: Series A (Nov 20, 2025)
- Investors on record: 8

## About

Based in Oslo, Norway, and founded in 2024 by Alexander Fuglesang (CEO), Flocean AS operates as an environmental services platform that engages in providing sustainable fresh water. In November 2025, Flocean AS raised NOK 228 million in series A funding from Xylem, Inc., with participation from Water Unite Impact. Nysnø Climate Investments, Katapult, Freebird Partners, Burnt Island Ventures also participated in the round.
Flocean’s main product is an subsea desalination system designed to help solve the global water shortage problem. The firm technology uses natural underwater pressure to power reverse osmosis, which lowers energy use and cuts operating costs. The solution is ideal for municipalities, farms, and industries in water-scarce areas, especially islands and coastal communities. Flocean markets its technology with water shortages and long shorelines, focusing on areas in need of sustainable freshwater solutions to improve water security and reliability.
The company plans to use the November 2025 funding to launch and operate Flocean One in 2026, expand its team, and develop large-scale desalination projects across Europe, the Middle East, the Americas, and island nations.

## Funding rounds

- Series A, Nov 20, 2025, $23M — Xylem, Inc., Katapult, Burnt Island Ventures, Nysnø Climate Investments, Water Unite Impact, Freebird Partners, Rypples
- Series A, Dec 11, 2024, $9M — Katapult, MP Pensjon, Burnt Island Ventures, Nysnø Climate Investments

## Investors

- Katapult (https://capitalatlas.ai/funds/katapult) — Series A
- MP Pensjon — Series A
- Burnt Island Ventures (https://capitalatlas.ai/funds/burnt-island-ventures) — Series A
- Nysnø Climate Investments — Series A
- Xylem, Inc. — Series A
- Water Unite Impact — Series A
- Freebird Partners — Series A
- Rypples — Series A