# Wind Catching Systems AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wind-catching-systems

- Industry: Renewable Energy
- Headquarters: Lysaker, Norway
- Website: www.windcatching.com
- Total disclosed funding: $10M
- Latest round: Series A (Jun 15, 2022)
- Investors on record: 4

## About

Founded in 2017 by Asbjørn Nes, Arthur Kordt and Ole Heggheim (CEO), and based in Lysaker, Norway, Wind Catching Systems AS (WCS) operates as a developer of floating offshore wind technology that produces electricity. In June 2021, Wind Catching Systems AS raised venture funding from new investors Ferd Capital, Innovation Energy, and North Energy ASA. Additionally, In June 2022, Wind Catching Systems AS raised USD 10 million in Series A funding led by new investor General Motors Ventures, with participation from Havfonn AS. Returning investors  Ferd Capital and North Energy ASA also participated in the round. The company won Fast Company’s Innovation by Design Awards 2022 in the Sustainability category. 

Wind Catching Systems offers wind-catching technology, Windcatcher which is a floating wind power plant based on a multi-turbine design and is projected to have a structural design life of 50 years. The company works with Aibel as the principal engineering contractor and the Institute for Energy Technology (IFE) on energy production. WCS also aims to enable offshore wind operators and developers to produce electricity at a cost that competes with other energy sources, without subsidies, and to solve sustainability issues related to recycling, marine resources, and CO2 emissions from installation and maintenance.  

The company plans to use the 2022 funding to further develop and commercialize the design of offshore wind power.

## Funding rounds

- Series A, Jun 15, 2022, $10M — Ferd Capital, General Motors Ventures, North Energy ASA, Havfonn AS

## Investors

- Ferd Capital (https://capitalatlas.ai/funds/ferd-capital) — Series A
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series A
- North Energy ASA — Series A
- Havfonn AS — Series A