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.

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.