# Statoil: portfolio, investments and team

> Statoil is an investment firm. 8 investments on record, latest Feb 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/statoil (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Statoil

Last cheque observed Feb 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Venture Series B Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 8 on record

Since the last cheque **4998** days **00** hrs **00** min **00** sec

Median round **$7.9M** Rounds led **0 of 8** Exits **1 from the portfolio** Mostly in **Norway, 38%**

Pitch Statoil

## Statoil highlights

- 01 8 rounds on record
- 02 Mostly Venture and Series B: 83% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2013** 1 round
- **Feb** **[LUX Assure](https://millionrounds.com/company/lux-assure)** GB · finsmes.com **$5.0M** With 2 others
- **2012** 2 rounds
- **Oct** **[Verdande Technology](https://millionrounds.com/company/verdande-technology)** Venture · NO · in.finance.yahoo.com **$8.0M** With 2 others
- **Jul** **[Numascale](https://millionrounds.com/company/numascale)** Venture · NO · finsmes.com **$3.5M** With 1 other
- **2011** 1 round
- **Aug** **[Danotek Motion Technologies](https://millionrounds.com/company/danotek-motion-technologies)** Series B · US · finsmes.com **$15M** With 3 others
- **2008** 4 rounds
- **Nov** **[Danotek Motion Technologies](https://millionrounds.com/company/danotek-motion-technologies)** Venture · US · danotekmotion.com **$15M** With 2 others
- **Nov** **[Pelamis Wave Power](https://millionrounds.com/company/pelamis-wave-power)** GB · greencarcongress.com **$7.9M** With 3 others
- **Jun** **[BrightSource Energy](https://millionrounds.com/company/brightsource-energy)** Series C · US · venturebeat.com **$115M** With 7 others
- **Mar** **[Opax](https://millionrounds.com/company/opax)** Series B · NO · opax.com **$3.4M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[BrightSource Energy](https://millionrounds.com/company/brightsource-energy)** Listed **Undisclosed** Apr 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Venture Series B Series C

Median round joined **$7.9M** the round, not its cheque

Led 0 of 8 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Feb 2013
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *3*
- Series B *2*
- Series C *1*

Cheques by year Led Joined

2008 2013

Often in the room with

- [CMEA Ventures](https://millionrounds.com/fund/cmea-capital) 2
- [GE Energy Financial Services](https://millionrounds.com/fund/ge-energy-financial-services) 2
- [Investinor](https://millionrounds.com/fund/investinor) 2

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## Who they invest alongside

The investors most often in the same rounds as Statoil. A count of rooms they were both in, not a relationship either has claimed.

[**CMEA Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/cmea-capital)[**GE Energy Financial Services** Investment firm **2** rounds together](https://millionrounds.com/fund/ge-energy-financial-services)[**Investinor** VC firm **2** rounds together](https://millionrounds.com/fund/investinor)

## Quick answers about Statoil

### What does Statoil invest in?

Statoil invests most often at Venture and Series B (83% of the rounds on record).

### How active is Statoil?

8 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2013.

### How big are Statoil's cheques?

The median round it joins is $7.9M.

### Does Statoil lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Statoil invest?

Most of the companies it backs are in Norway (38%), the United States (38%) and the United Kingdom (25%).

### Is Statoil investing now?

No investments in the last 12 months; the latest was in Feb 2013.

### Who does Statoil invest alongside?

Most often CMEA Ventures (2 rounds together), GE Energy Financial Services (2 rounds together) and Investinor (2 rounds together).

### What kind of investor is Statoil?

Statoil is an investment firm.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=statoil) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=statoil)
