Ideol Offshore Funding, Investors & Competitors
Ideol Offshore has raised $118M across 6 funding rounds, most recently a $73M strategic investment round in February 2021.
Last Ideol Offshore funding round
$73M
Strategic investment · Feb 2021
Cumulative funding Ideol Offshore raised
$118M
across 6 funding rounds
Key investors in Ideol Offshore
Paca Investissement
Demeter Partners
Sofimac Investment Managers
Amundi
Conseil Plus Gestion
BNP Paribas Private Equity
Caisse d’Epargne
Kerogen Capital
About Ideol Offshore
Ideol Offshore is a French company pioneering floating foundations for offshore wind turbines since 2010. Headquartered in Toulouse, it deploys the Damping Pool design, a concrete floater reducing motions by 50 percent. Ideol has engineered projects like Floatgen in France and partners with EDF Renewables. The firm employs over 60 engineers and holds multiple patents for deep-water installations.
Founded
2010
HQ
La CiotatWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Ideol Offshore Funding History
Ideol Offshore has raised a total of $118M across 6 funding rounds.
Ideol Offshore's first fundraising round was a $9M Series A in April 2013. The most recent completed round was a $73M strategic investment round in February 2021.
Ideol Offshore funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2021 | Strategic investment | BW Offshore | $73M | Ideol Offshore is a French developer of floating offshore wind technology, specializing in the patented Damping Pool foundation design. The company has over 10 years of experience in engineering and supporting floating offshore wind projects, with more than 60 employees, 90% engineers. It has installed two full-scale demonstration floating wind turbines, one in France and one in Japan, and was building a project pipeline as co-developer in Japan, the US, and Europe. On February 16, 2021, BW Offshore, an oil & gas services provider with offshore production expertise, signed a share purchase agreement to invest EUR 60 million in Ideol S.A., creating BW Ideol AS as a new entity. Ideol S.A. became a wholly owned subsidiary of BW Ideol, with Ideol's founders and employees transferring their holdings and retaining leadership. BW Offshore aimed for approximately 50% ownership post a contemplated capital raise and listing on Euronext Growth Oslo by end-March 2021, with Ideol management and employees at about 20%. The EUR 60 million investment funded the share acquisition, separate from a planned private placement of new shares. In March 2021, BW Ideol announced a private placement to raise NOK 500 million at NOK 47 per share, equivalent to a pre-money valuation of NOK 961 million, matching the NOK equivalent of the price paid for Ideol S.A. Net proceeds were for project pipeline development, working capital, and general purposes. BW Offshore participated as anchor investor, with pre-commitments like NOK 118 million from Kerogen Energy Fund II. The transaction closed in Q1 2021, subject to approvals, positioning BW Ideol as a fully integrated floating offshore wind player in technology/EPC, project development, and operations, leveraging BW Offshore's experience. BW Ideol targeted growth in floating wind amid emerging market potential. |
| Apr 2018 | Undisclosed stage | Kerogen Capital (lead); Amundi; Paca Investissement; Sofimac Investment Managers | $18M | Ideol Offshore (Ideol SA), founded in 2010, develops cost-effective floating offshore wind foundations, including its Damping Pool technology, to enable wind projects in deep waters and support the energy transition. The company has demonstrated its solution through full-scale projects in France and Japan, formed strategic partnerships, expanded internationally, and built a pipeline of commercial-scale floating offshore wind projects. On April 27, 2018, Ideol raised a €15 million equity funding round led by Kerogen Capital, which became the largest shareholder, with participation from existing investors Amundi Private Equity, Sofimac Regions (Sofimac Investment Managers), and Paca Investissement. Kerogen, an energy-focused private equity firm with over $2 billion in assets under management based in Hong Kong and London, made this its first renewable energy investment to accelerate Ideol's commercialization in markets like France, Scotland, California, Japan, and Taiwan. The funding secured long-term requirements and leveraged Kerogen's network in the energy sector, with Kerogen representatives joining the board. Subsequent developments include Kerogen rolling NOK 118 million of its Ideol interest into the 2021 creation of BW Ideol, a joint platform with BW Offshore for floating wind technology, EPC, development, and operations, ahead of listing on Euronext Growth Oslo. |
| Jun 2017 | Series A | Conseil Plus Gestion; Amundi; Siem Offshore Contractors; Paca Investissement; Hitachi Zosen Corp. | $9M | - |
| May 2016 | Seed | Demeter Partners; Conseil Plus Gestion; Paca Investissement; Sofimac Investment Managers | $3M | - |
| Jan 2015 | Series A | Demeter Partners; Caisse d’Epargne; HPC Capital; Paca Investissement; BNP Paribas Private Equity | $6M | - |
| Apr 2013 | Series A | Demeter Partners | $9M | Ideol Offshore raised 7 million euros in additional funding on April 10, 2013, from FCPR Demeter 3 Seed Fund managed by Demeter Partners and FCPR Emergence Innovation 1 managed by Sofimac Partners and Soridec. The funding supports the industrialization of its floating platform solution based on the Damping Pool patented system for offshore wind turbines. This technology breakthrough enables floating foundations competitive with seabed-fixed technologies at 35-40 meter water depths, extending the offshore wind market by removing water-depth constraints and optimizing wind conditions. |
Who has invested in Ideol Offshore?
12 investors have backed Ideol Offshore across its funding rounds, including Paca Investissement, Demeter Partners, Sofimac Investment Managers, Amundi, Conseil Plus Gestion and BNP Paribas Private Equity.
Lead investors include Kerogen Capital.
Ideol Offshore Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Paris | 4 | Participant | Jan 2015 | |
| Paris | 3 | Participant | Apr 2013 | |
| Paris | 2 | Participant | May 2016 | |
| Paris | 2 | Participant | Jun 2017 | |
| Clermont-Ferrand | 2 | Participant | May 2016 | |
| Paris | 1 | Participant | Jan 2015 | |
| Montpellier | 1 | Participant | Jan 2015 | |
 Hanover | 1 | Participant | Jun 2017 | |
 Oslo | 1 | Participant | Feb 2021 | |
| Paris | 1 | Participant | Jan 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialIdeol Offshore Competitors
Ideol Offshore competitors include listed companies like GE Vernova, Vestas, First Solar and Hyosung Heavy Industries, and private ones like Adani New Industries and Enpal.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 United States | Publicly listed | $38B | $3.2B | $246B | 5.4x | |
 Ahmedabad | Private | - | - | $50B | - | |
 Denmark | Publicly listed | $22B | $2.6B | $32B | 1.3x | |
| United States | Publicly listed | $5.2B | $2.1B | $22B | 4.0x | |
 South Korea | Publicly listed | $4.3B | $533M | $19B | 4.0x | |
| Berlin | Private | $1B | $24M | $2.5B | - |
Ideol Offshore Public Comps
Ideol Offshore is still privately-owned, but its public comps include GE Vernova, Iberdrola, Siemens Energy, China Yangtze Power, Constellation Energy, Bloom Energy, SLB, Baker Hughes, Vistra and Sandvik.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $45B | $4.5B | 2.7x | 2.4x | 27.3x | 16.1x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $2B | ($14M) | 40.9x | 23.7x | (5906.9x) | 112.5x | |||
| $36B | $7B | 2.4x | 2.4x | 12.5x | 10.6x | |||
| $28B | $4.3B | 2.0x | 2.0x | 13.3x | 11.3x | |||
This data is available for Pro users. Sign up to see all Ideol Offshore competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ideol Offshore
| When was Ideol Offshore founded? | Ideol Offshore was founded in 2010. |
| Where is Ideol Offshore headquartered? | Ideol Offshore is headquartered in La Ciotat, France. |
| Is Ideol Offshore publicly listed? | No, Ideol Offshore is a private, VC-backed company. |
| How much funding has Ideol Offshore raised? | Ideol Offshore has raised $118M across 6 funding rounds. |
| What was Ideol Offshore's last funding round? | Ideol Offshore's last funding round was a $73M strategic investment round in February 2021. |
| Who are Ideol Offshore's investors? | Ideol Offshore's investors include Paca Investissement, Demeter Partners, Conseil Plus Gestion, Amundi, Sofimac Investment Managers, Caisse d’Epargne, HPC Capital, Siem Offshore Contractors, BW Offshore, BNP Paribas Private Equity and 2 others. |
| Which companies are comparable to Ideol Offshore? | Companies comparable to Ideol Offshore include GE Vernova, Adani New Industries, Vestas, First Solar, Hyosung Heavy Industries and Enpal. |
See companies similar to Ideol Offshore
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