WindSim AS
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
WindSim AS - overview
Established
1993
Location
Tonsberg, -, Norway
Primary Industry
Software
About
WindSim AS develops advanced computational fluid dynamics software to optimize wind resource assessment and enhance wind farm design, serving the renewable energy sector. Founded in 1993 in Tonsberg, Norway, WindSim AS specializes in software solutions for wind energy. The company has not undergone any notable pivots or changes in business strategy. Founded by Arne Gravdahl, WindSim has received funding primarily from Sarsia.
The most recent financing round occurred on November 21, 2007, where the company raised USD 0. 74 mn in SEED funding, bringing the total amount raised to USD 0. 74 mn. WindSim AS specializes in advanced computational fluid dynamics (CFD) software solutions aimed at optimizing wind resource assessment and wind farm design.
Its core product offerings include WindSim 12. 0, WindSim Accelerator, and WindSim Express, which provide users with powerful tools for micro-scale wind resource mapping, virtual wind data generation, and bankable annual energy production (AEP) assessments. These software solutions cater primarily to professionals in the renewable energy sector, including wind farm developers, energy analysts, and environmental consultants. Their products enable users to conduct precise wind data analysis, site suitability assessments, and post-construction evaluations, contributing to more efficient and economically viable wind energy projects.
WindSim’s customer base spans multiple countries, with significant market penetration in Europe, China, and North America, making it a prominent player in the global wind energy software market. WindSim AS generated revenue of USD 905,626. 70 in 2022, with an EBITDA of USD -449,757. 40 for the same year.
The company generates revenue primarily through software licensing and subscriptions, positioning itself as a business-to-business (B2B) service provider within the renewable energy sector. Clients purchase licenses for flagship products such as WindSim 12. 0 and WindSim Accelerator, often opting for annual subscription plans that provide access to software updates and customer support. WindSim AS aims to enhance its product portfolio with the launch of upcoming software iterations to further optimize wind resource assessments.
The company seeks to expand into new geographic markets, specifically targeting opportunities in Asia and South America within the next three years. The recent SEED funding round of USD 0. 74 mn, completed in November 2007, will support these growth initiatives, facilitating product development and market entry strategies.
Current Investors
Sarsia
Primary Industry
Software
Sub Industries
Systems Management Software
Website
www.windsim.com
Verticals
Clean Technology
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
WindSim AS - timeline of key events
WindSim AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | 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) | 6,561,738 | 7,066,547 | 7,003,659 | 6,381,781 | 6,551,123 | 5,488,593 | 4,948,609 | 7,538,504 | 7,180,128 | 15,037,037 | 31,528,158 | - | - | - |
| % Revenue Growth (YoY) | - | 7.7% | (0.9%) | (8.9%) | 2.7% | (16.2%) | (9.8%) | 52.3% | (4.8%) | 109.4% | 109.7% | - | - | - |
| EBITDA (USD) | (3,079,381) | (4,346,005) | 1,297,344 | 2,441,101 | 3,344,926 | 2,377,588 | 3,735,833 | 5,858,335 | 3,555,636 | 6,741,406 | 23,141,605 | - | - | - |
| Operating Income (USD) | (3,100,184) | (4,584,223) | 353,786 | 533,064 | 511,797 | (1,133,891) | (283,288) | 1,704,804 | (699,705) | 2,238,460 | 18,895,978 | - | - | - |
| Operating Margin | (47.2%) | (64.9%) | 5.1% | 8.4% | 7.8% | (20.7%) | (5.7%) | 22.6% | (9.7%) | 14.9% | 59.9% | - | - | - |
| % EBITDA Margin | (46.9%) | (61.5%) | 18.5% | 38.3% | 51.1% | 43.3% | 75.5% | 77.7% | 49.5% | 44.8% | 73.4% | - | - | - |
| NET Income (USD) | (3,077,830) | (4,710,784) | 251,636 | 544,732 | (1,005,096) | (1,514,704) | (322,537) | 4,666,257 | (501,314) | (1,678,340) | 15,204,368 | - | - | - |
| % Net Margin | (46.9%) | (66.7%) | 3.6% | 8.5% | (15.3%) | (27.6%) | (6.5%) | 61.9% | (7.0%) | (11.2%) | 48.2% | - | - | - |
WindSim AS - employee data
WindSim AS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM | ||||||
| Board Member | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.