Orbital Systems Ab
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Orbital Systems Ab - overview
Established
2012
Location
Malmo, -, Sweden
Primary Industry
Software
About
Orbital Systems Ab is a Swedish company specializing in innovative water-saving technologies. They offer advanced shower systems that recycle water to meet the growing demand for sustainable solutions in residential and commercial markets. Founded in 2012 in Malmo, Sweden, Orbital Systems Ab focuses on creating water-efficient products. The company was established by Mehrdad Mahdjoubi, who has a background in developing sustainable technologies.
Orbital has completed a total of 9 funding deals, with the latest being a VENTURE DEBT round in which they raised EUR 20. 00 mn from various investors, bringing the total amount raised to EUR 30. 00 mn. Orbital Systems specializes in water-saving technologies, particularly its flagship product, the Orbital Shower.
This innovative system significantly reduces water consumption while providing a luxurious shower experience through advanced recycling technology. Their solutions target both residential and commercial markets, including Scandinavia, the United States, and parts of Europe, catering to environmentally conscious consumers and establishments aiming to enhance sustainability. In 2022, Orbital Systems reported a revenue of EUR 7,983,778 with an EBITDA of EUR -4,732,597. 8, reflecting the company's ongoing investment in product development and market expansion.
Orbital Systems plans to expand its product line by launching new water-saving technologies aimed at addressing sustainability challenges in various sectors. They are targeting new geographic markets including additional regions in Europe and North America by 2024. Recent funding will support these initiatives, including an undisclosed amount of venture funding from Eastate, which will contribute to the expansion of their product offerings and market reach.
Current Investors
Stena Ventures, af Jochnick family, Rosengård Invest
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.orbital-systems.com
Verticals
Clean Technology
Company Stage
Series B
Total Amount Raised
Subscriber access only
Orbital Systems Ab - timeline of key events
Orbital Systems Ab - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 15,489 | 3,463,738 | 1,047,370 | 6,147,372 | 954,261 | 3,832,125 | 8,549,507 | 13,963,064 | - | - | - |
| % Revenue Growth (YoY) | - | 22262.6% | (69.8%) | 486.9% | (84.5%) | 301.6% | 123.1% | 63.3% | - | - | - |
| EBITDA (USD) | (528,262) | (6,764,218) | (16,134,920) | (41,927,245) | (65,881,275) | (53,677,623) | (64,411,100) | (21,581,629) | - | - | - |
| Operating Income (USD) | (528,262) | (6,768,176) | (17,728,286) | (45,108,906) | (69,820,464) | (57,589,762) | (69,327,537) | (26,456,173) | - | - | - |
| Operating Margin | (3410.6%) | (195.4%) | (1692.6%) | (733.8%) | (7316.7%) | (1502.8%) | (810.9%) | (189.5%) | - | - | - |
| % EBITDA Margin | (3410.6%) | (195.3%) | (1540.5%) | (682.0%) | (6903.9%) | (1400.7%) | (753.4%) | (154.6%) | - | - | - |
| NET Income (USD) | (537,133) | (6,980,551) | (17,954,205) | (47,834,955) | (69,923,289) | (59,808,801) | (71,529,473) | (29,593,801) | - | - | - |
| % Net Margin | (3467.8%) | (201.5%) | (1714.2%) | (778.1%) | (7327.5%) | (1560.7%) | (836.7%) | (211.9%) | - | - | - |
Orbital Systems Ab - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Venture Debt | Completed | Orbital Systems Ab | - | ||||||||
| Venture Debt | Completed | Orbital Systems Ab | - | ||||||||
| Unspecified Round | Completed | Orbital Systems Ab | - | ||||||||
| Series B | Completed | Orbital Systems Ab | - | ||||||||
| Grant | Completed | Orbital Systems Ab | - |
Displaying 1 - 5 of 9
Orbital Systems Ab - employee data
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