# Harbo Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/harbo-technologies

- Industry: Environmental Services
- Headquarters: Tel Aviv, Israel
- Website: www.harbo-technologies.com
- Latest round: Series A (Jul 1, 2017)
- Investors on record: 2

## About

Harbo Technologies, Ltd., based in Israel, specializes in innovative solutions for oil spill response, focusing on rapid oil containment systems that ensure efficient deployment and recovery for environmental protection efforts.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. Co-founders Arnon Shany, Boaz Ur, and Haim Greenberg have established a track record in technology innovation prior to starting this venture.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 serves a diverse client base that includes government agencies, environmental organizations, and industrial operators in regions such as North America, Europe, and the Middle East, focused on effective and efficient oil spill management.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. This model enables Harbo Technologies to maintain a robust revenue stream while expanding its market reach and enhancing the overall efficiency of oil spill response operations.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.

## Funding rounds

- Series A, Jul 1, 2017 — OTV, Evok Innovations
- Seed, Feb 1, 2016 — OTV

## Investors

- OTV (https://capitalatlas.ai/funds/otv) — Seed, Series A
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A