Rocsole collected a substantial funding round worth several million euro. The funding round was led by the Spanish oil and gas company Repsol together with co-investors, Finnvera and some of the current investors. This will be the first investment in a Finnish company by an international oil company.
“This fresh capital gives us the resources we need to better serve our customers worldwide while also establishing offices in key locations, including Houston, Texas,” said Anssi Lehikoinen, Chairman of the Board at Rocsole. “We are ready to move our marketing, product distribution and support efforts to the next phase, so we can work with oil and gas leaders and other heavy industries to improve operations and technologies with our unique patent-pending solutions.”