Kitemill
Develops high altitude wind energy technology that will produce renewable energy in a safe and low-cost manners.
Launch date
Employees
Market cap
-
Enterprise valuation
€32—48m (Dealroom.co estimates Jul 2024.)
Company register number 992943718
Farsund Agder (HQ)
Financials
Estimates*
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | <1m | 1.5m | 1.1m | <1m |
| % growth | 26 % | (22 %) | (34 %) | 119 % | 109 % | (29 %) | (53 %) |
| EBITDA | (<1m) | (<1m) | (<1m) | (<1m) | <1m | (<1m) | - |
| % EBITDA margin | (94 %) | (39 %) | (169 %) | (71 %) | 29 % | (77 %) | - |
| Profit | (<1m) | (<1m) | (<1m) | (<1m) | <1m | (1.0m) | (1.3m) |
| % profit margin | (102 %) | (53 %) | (204 %) | (90 %) | 20 % | (95 %) | (264 %) |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
€2.2m Valuation: €14.0m 27.6x EV/LTM Revenues | Early VC | ||
* | €250k Valuation: €20.0m 39.4x EV/LTM Revenues | Seed | |
* | €2.0m Valuation: €30.0m | Seed | |
* | €2.5m | Grant | |
* | €8.0m | Early VC | |
| Total Funding | €27.9m | ||
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ACQUISITION by Kitemill Feb 2020
ACQUISITION by Kitemill Jun 2023