What Navidium does

Navidium Plc is a Maritime CleanTech company headquartered in Oulu, Finland, founded in 2013. The firm operates with 11–50 employees in the Nordic maritime sector, a domain focused on reducing environmental impact of shipping through technology, services, or compliance-oriented solutions. Its legal designation as "Plc" is noted alongside a private company status flag in the source data, indicating the firm is not publicly listed. The company is led by an experienced Nordic executive bench headed by CEO Simen Kortgaard, with senior officers covering product security (Frode Alirash-Roarson), technology (Marty Cochrane), business development (Arto Koistinen), commercial (Glenn Edvardsen), and finance (Kari Eidsaether). This breadth of C-level coverage across commercial and technical functions, in a sub-50-person organization, suggests the company is structured to sell and deliver specialized maritime solutions rather than operate as a pure R&D lab.

The company has secured at least two venture funding rounds: an early-stage round in June 2021 led by Momentum, and a subsequent round in 2023 with Farvatn Venture participating. Deal sizes are not publicly disclosed, consistent with typical early-stage Nordic venture practice. Beyond high-level firmographic, leadership, and funding signals, the input data does not contain specific information about Navidium's products, underlying technology stack, customer segments, pricing, geographic markets, or commercial traction.

Data integrity note: a substantial portion of the aggregated source material describes an Indonesian online gambling platform (Alexistogel) operating slot games with an APK-based mobile distribution model. This material appears to be a misattributed data artifact unrelated to Navidium's stated Maritime CleanTech business and has been excluded from this analysis. Readers should treat the Alexistogel product, customer, and revenue information as not applicable to Navidium.

Name

Navidium

Legal name

Alexistogel

Website

https://navidium.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Navidium Plc is a Maritime CleanTech company headquartered in Oulu, Finland, founded in 2013, employing 11–50 people and serving the Nordic maritime sector with a commercially-oriented executive team.

Ownership category

akta.pro rank

Headquarters

HQ city

Oulu

HQ country

Finland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Online Slot Gambling: Online gambling platform offering slot games from Pragmatic Play and PG Soft. Revenue generated through player deposits and game participation fees on slot machine games.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Navidium Plc is a Maritime CleanTech company developing clean technology solutions for the maritime industry. The company is headquartered in Oulu, Finland, was founded in 2013, and operates with a team of 11-50 employees.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Live RTP accuracy above 98%
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Pragmatic PlaycoreTechnology or IntegrationGlobal slot game provider partnership supplying premium slot game content to the Alexistogel platform. Pragmatic Play is a well-known international gaming software provider.
• PG SoftcoreTechnology or IntegrationGlobal slot game provider supplying premium slot game content to the Alexistogel platform. PG Soft is an international mobile game developer.

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Wärtsilä: Finnish-headquartered global leader in marine engines and lifecycle services, with a large Clean Energy & Storage line (battery, hybrid, future fuels). Comparable as a Finnish maritime clean-tech company pursuing engine/fuel decarbonization for shipowners, though materially larger and broader in scope than Navidium.
• Alfa Laval: Swedish global leader in heat transfer, separation, and marine systems including fuel-cells, scrubbers, and ballast-water treatment. Comparable in maritime clean-tech equipment but operates at a vastly larger scale with a broad industrial portfolio.
• ABB Marine & Ports: Swiss-Swedish multinational providing electric, automated, and digital solutions for ships and ports, including hybrid propulsion and shore power. Comparable as a Nordic-headquartered maritime cleantech supplier but materially broader in scope.

Direct peers

• Corvus Energy: Norwegian maritime battery and energy-storage specialist supplying zero-emission propulsion systems to ferries, offshore vessels, and commercial ships. Highly comparable to a Finnish/Nordic maritime cleantech firm targeting vessel decarbonization through battery and hybrid technology.
• Echandia: Swedish/Nordic supplier of maritime battery systems and fuel-cell solutions for commercial vessels and ferries. Closely comparable business model and product profile to a small Nordic maritime cleantech company focused on electric and hybrid propulsion retrofits.
• Silverstream Technologies: UK-based provider of air lubrication and hull-efficiency systems for ships, a fuel-saving cleantech for commercial fleets. Comparable as a niche maritime efficiency technology supplier selling B2B to shipyards and operators.
• GoodFuels: Dutch sustainable marine fuel supplier offering biofuels and methanol bunkering for ocean-going vessels. Comparable as a small-to-mid maritime clean-fuel provider serving commercial shipping's decarbonization needs.
• Lehmann Marine: German developer of onboard CO2 capture and liquefaction systems for commercial ships. Comparable small-scale European maritime cleantech firm with a novel emissions-reduction technology aimed at shipowners.

Emerging players

• StormGeo (now part of StormGeo/Vortex): Norwegian-based provider of weather routing and vessel-performance optimization software that reduces fuel consumption and emissions. Comparable as a Nordic maritime-efficiency software firm that monetizes emissions-reduction outcomes for shipowners.
• Oceanwing (Climeon): Swedish clean-tech company producing waste-heat recovery systems for maritime and industrial use. Comparable small-scale Nordic firm converting shipboard thermal losses into usable electrical power.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key highlights4 records

Customer concentration

• Xx.com/navidiumoyj

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Navidium