Midroc Europe led a round that increzased the wave energy technology developer's total equity funding to $25m.
CorPower Ocean, a Sweden-headquartered developer of wave energy technology, has received €9m ($10.9m) in funding from investors including financial services group SEB and property developer Midroc Europe.
The round was led by Midroc Europe’s investment arm, Midroc New Technology, and included SEB Greentech VC, a green technology-focused investment arm of SEB, together with undisclosed family offices and private investors.
Founded in 2012, CorPower Ocean is developing wave energy converters which harness the power of ocean waves to generate electricity. It…
