Ocean Oasis welcoming new investors in a financing round lead by Grieg Edge

Portrettbilde Nicolai Grieg

Ocean Oasis has now welcomed on board new investors. The lead investor is Grieg Maritime Group through their newly established dedicated innovation unit Grieg Edge, lead by Nicolai Grieg.

The financing round will further strengthen the company’s efforts towards supplying fresh water competitively to coastal communities and businesses in many locations worldwide, adding capacity to technology development and testing.

In the Grieg Maritime Group, we say we will create maritime solutions for a better future. And that is what Kristine and her team in Ocean Oasis are planning to do: create a better future. Their ability to create a business while solving a fundamental worldwide problem using non-carbon energy is a perfect fit for our investment policy

Head of Grieg Edge, Nicolai Grieg

Grieg Edge has not only invested in Ocean Oasis but will also be an active partner. Kjerstin Hernes will enter the Ocean Oasis Board of Directors on behalf of Grieg Edge. Furthermore, Ocean Oasis will be able to draw on the expertise of the Grieg Maritime Group.

Other prominent investors are Kristin and Johan Odfjell through Planet 9 Venture, former Statoil/Equinor CEO Harald Norvik, Grethe and Sjur Thorsheim, FemInvest, and Stefano Bernardi through Atomico’s angel program.

Earlier this year, Ocean Oasis secured support from Innovation Norway and The Research Council of Norway in several rounds.

1.5 billion people live in areas with high or extremely high water vulnerability. With population growth and climate change, water scarcity will affect over half the world’s population by 2050. We are confident that we can supply water competitively to coastal communities and businesses in many locations worldwide.

CEO of Ocean Oasis, Kristine B. Fredriksen.

May 6, 2021