Cetasol

1. 29 Apr 2024

   Seed

   €2.0M

   Cumulative €2.0M

2. 24 Sep 2025 · +1 yr 5 mo

   Seed

   €2.3M

   Cumulative €4.3M

Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.

• Funding24 Sep 2025EUR 2.3M

  Cetasol raised EUR 2.3M in seed.

  ▸Source: cetasol.com

  Read at cetasol.com

• Funding29 Apr 2024EUR 2.0M

  Cetasol closed a EUR 2M seed round from Sarsia, ShipsFocus and Impact X Capital to expand its maritime energy-efficiency software and double R&D.

  ▸Source: mynewsdesk.com

  Read at mynewsdesk.com

• Ethan Faghani

  CEO & Founder

• Ken Ryrbo

  CTO

What does Cetasol do?

AI-powered decision-support software for maritime operators (iHelm digital-twin platform + CetaFuel virtual fuel reader) to cut fuel use and emissions. Deep-tech spin-off from Volvo Penta.

When was Cetasol founded?

Cetasol was founded in 2020.

Where is Cetasol headquartered?

Cetasol is headquartered in Gothenburg, Sweden.

How much funding has Cetasol raised?

Cetasol has raised €4.3M (across 2 rounds · last 24 Sep 2025).

What was Cetasol's latest funding round?

Cetasol's most recent disclosed round was a seed round of €2.3M, announced 24 September 2025.

Who has invested in Cetasol?

Investors in Cetasol include BackingMinds, Sarsia, Shift4Good.