Harbo Technologies
Latest round
- Series A
Last raised
- Jul 2017
Total raised
- Undisclosed
Investors
- 2
About Harbo Technologies
Founded in 2013 in Tel Aviv, Israel, Harbo Technologies, Ltd. develops advanced technology for oil spill management. The company underwent a significant transition in March 2021 when it was acquired by Lamor Corporation Oyj from Evok Innovations and OTV, broadening its operational strategy.Harbo Technologies specializes in innovative oil spill response solutions, with a primary focus on their rapid oil containment boom system. This lightweight, cartridge-based technology allows for quick deployment, requiring only two personnel and enabling setup within 30 minutes. The design ensures that the boom integrates seamlessly with the body of water, preventing oil from entraining beneath it and thereby enhancing recovery rates. The company’s products have been tested and demonstrated in various locations, including the Port of Rotterdam, the Vancouver area, and offshore near Tel Aviv, aligning with their commitment to improving oil spill response globally.Harbo Technologies generates revenue through direct sales and partnerships with global distributors, facilitating the delivery of their products. The company offers its flagship product, the HARBO Boom, through a business-to-business model where clients, including government and private sector entities focused on environmental protection, purchase the technology for immediate use in emergency situations. While specific pricing plans for products are not disclosed, the transaction structure involves direct sales agreements and possibly service contracts for ongoing support and training in deployment.Following the acquisition by Lamor Corporation Oyj in March 2021, Harbo Technologies is poised for growth by exploring new product developments in oil containment solutions. The company aims to expand its market presence into regions across North America and Europe by 2023. The acquisition is expected to provide the necessary capital to support these initiatives, enhancing their capabilities in oil response technology.
Who invested in Harbo Technologies
2 investors across 2 rounds
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Questions about Harbo Technologies
Who invested in Harbo Technologies?
Harbo Technologies has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Harbo Technologies raised?
Harbo Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Harbo Technologies last raise money?
Harbo Technologies's most recent round on record is a Series A, in Jul 2017.
What does Harbo Technologies do?
Founded in 2013 in Tel Aviv, Israel, Harbo Technologies, Ltd.
Where is Harbo Technologies headquartered?
Harbo Technologies is headquartered in Tel Aviv, Israel.
Which VCs invest in companies like Harbo Technologies?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back environmental services companies at Harbo Technologies's stage. Their profiles are linked below.
VCs backing environmental services startups at Series A
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