Rovop manufactures and operates subsea remotely operated vehicles (ROVs) and provides associated services from an 18,500 sq ft Westhill facility that includes a proprietary training academy, ROV simulator, offices and an underwater ROV test facility. Its ROVs are deployed in the offshore oil & gas and renewables sectors for tasks such as wind-farm cable laying and inspection, drilling support, subsea construction, survey, and inspection, repair and maintenance of pipelines, platforms and other infrastructure. The company opened a U.S. headquarters in Houston in April 2015 and has served customers in both North and South America, hiring Scott Wagner, Brett "Gonzo" Eychner and Wayne Betts to lead the U.S. business. Founded in September 2011, Rovop plans to use new funding to continue development of its fleet and to support international expansion. No revenues or other operating metrics are disclosed in the article. The on-site training academy and test facility indicate an emphasis on both equipment manufacture and operator training. ROVOP operates remotely operated vehicles (ROVs) providing subsea services to the offshore oil & gas and renewable sectors. Its service offering includes pipeline and platform inspection, repair and maintenance, wind farm cable laying and inspection, subsea construction, drill and survey support, and excavation and dredging. The company is led by Mark Vorenkamp, Scott Freeland and Steven Gray. ROVOP has secured long-term wind farm contracts with major international marine contractors. To support those contracts it has obtained debt financing that will provide working capital to acquire additional ROVs. The financing was provided by the Scottish Loan Fund and the transaction amount was not disclosed.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

May 2015