Aurelia Turbines manufacturers the most efficient small gas turbines in the world.
Business Model:
Revenue: $5M
Employees: 11-50
Address: Hoylakatu 1
City: Lappeenranta
State: other
Zip: 53500
Country: FI
Aurelia Turbines have successfully commercialised technology developed in Lappeenranta University of Technology, Finland. The pedigree of this technology has been established over 30 years of Research and Development in high speed technology and fluid dynamics. The company has extensive immaterial rights on the core technology and continue to develop a portfolio of IP protection around the product and its application. The strategy of the Aurelia team from the outset, has been to have a world class product with high reliability and high efficiency achieved with modular components. To this end Aurelia will retain the core expertise and are employing industrial, world-class partners to ensure component scalability and ease of integration into Aurelia’s own technology. Company is financed by the Finnish investors, such as Greencampus Innovations Oy, Capillary Oy and Cleantech Invest Oyj to name a few. Aurelia was one of the first companies in Europe to receive financing from the EU H2020 – program and has also received funding from different financing bodies owned by the local authorities and / or Finnish government.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2014 | Venture Round | 2 | - |
Loudspring LUT University Loudspring LUT University |
10/2014 | Grant | 1 | $63.1k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
12/2021 | Debt | $5.7M |
Finnish Climate Fund |
1/2014 | Seed Round | 1 | - |
Green Campus Innovations Oy Green Campus Innovations Oy |
3/2018 | Venture Round | $0 |
First Imagine! Ventures First Imagine! Ventures |
7/2015 | Venture Round | 1 | - |
Loudspring Loudspring |
12/2021 | Debt Financing | 1 | - |
Finnish Climate Fund Finnish Climate Fund |
3/2018 | Venture Round | 1 | $4.5M |
First Imagine! Ventures First Imagine! Ventures |
7/2015 | Venture Round | 1 | - |
Loudspring Loudspring |
10/2014 | Grant | 1 | $63.1k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
2/2014 | Venture Round | 2 | - |
Loudspring LUT University Loudspring LUT University |
1/2014 | Seed Round | 1 | - |
Green Campus Innovations Oy Green Campus Innovations Oy |
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