# Innotech Solar AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innotech-solar

- Industry: Renewable Energy
- Headquarters: Narvik, Norway
- Website: www.innotechsolar.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Dec 18, 2008)
- Investors on record: 1

## About

Innotech Solar AS specializes in innovative solutions for gold and silver bullion investments, catering to individual investors focused on diversifying their portfolios with physical precious metals.Innotech Solar AS, founded in 2008 in Narvik, Norway, provides investment solutions primarily in gold and silver bullion. The company has engaged in 4 deals, with its most recent deal occurring on September 22, 2014. In this round, Innotech Solar raised NOK 55.000 mn from Investinor, which constitutes the total amount raised by the firm. The company's leadership includes CEOs Erin DTM, Stanley Osuagwu, and Tommy Strömberg.Innotech Solar AS specializes in providing innovative solutions for gold and silver bullion investments, primarily aimed at individual investors seeking to diversify their retirement portfolios. The company’s core offerings include physical bullion products such as gold and silver coins and bars, which are sourced from reputable mints. These products serve the end-use case of wealth preservation, allowing customers to safeguard their investments against economic volatility and inflation. Innotech Solar emphasizes transparency and education, ensuring that clients understand the fundamentals of precious metal investing. Their customer base consists of individual retail investors primarily located in North America, particularly the United States and Canada, who are looking for tangible assets in their investment strategies.Innotech Solar AS generates revenue through direct sales of its bullion products, engaging in transactions primarily with individual investors seeking to purchase physical gold and silver. The company's business model is structured around direct-to-consumer sales, where clients can conveniently order products through the company's online platform. Transactions typically involve one-time purchases of coins or bars, with customers selecting from a variety of weights and designs. The pricing structure reflects the market value of the metals, encompassing costs associated with production, shipping, and handling. Innotech Solar's revenue is bolstered by its commitment to providing a reliable and educational purchasing experience, which fosters customer loyalty and repeat business among its client base.Innotech Solar AS plans to leverage its recent funding of NOK 55.000 mn to expand its product offerings and market reach. The company is focusing on launching new bullion products that cater to the evolving needs of individual investors, with specific release dates to be announced. Additionally, Innotech aims to expand into new geographic markets, including parts of Europe and Asia, by 2025. This strategic initiative will be supported by the funding raised in September 2014, which is intended to enhance product development and marketing efforts.

## Funding rounds

- Series A, Dec 18, 2008, $1.5M — Northzone

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A