Nova Innovation: Funding, Investors & Team (Aug 2026)
Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.The company is passionate about having a cleaner environment and reducing the need for fossil fuels, for current and future generations. And it is committed to engage with and source from local supply chains: we believe that the resources and expertise of coastal communities will make a major contribution to the success of tidal power. Founded in 2010, Nova has grown rapidly over the last few years: now employing over 30 staff. In 2013, Ian Marchant joined the company as Chairman; Ian is former CEO of Scottish and Southern Energy, one of the UK’s largest utility companies. The strength of the team and our capability is demonstrated by our successful deployment of the world’s first offshore tidal array: in recognition of which Nova won the Judges Award at the Scottish Green Energy Awards 2016. We were also a regional winner in the Shell Springboard 2017 awards for low-carbon innovation.
Nova Innovation has raised $4.0M across 2 funding rounds on record, the most recent a Grant of $2.8M announced in Dec 2021.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Nova Innovation Company Profile and Key Stats
Latest funding round on record: Dec 2021.
Nova Innovation Funding Rounds
Nova Innovation raised $1.2M in an undisclosed round announced in Nov 2020.
1.1 years later, a Grant of $2.8M was announced in Dec 2021.
Nova Innovation Founders and Leadership Team
Contact details for the Nova Innovation team: 1 of 1 has an email address on file.
Start 14-day free trial →Nova Innovation Funding Compared to Other Energy Startups
Nova Innovation's latest round of $2.8M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Nova Innovation Funding FAQs
What does Nova Innovation do?
Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.The company is passionate about having a cleaner environment and reducing the need for fossil fuels, for current and future generations. And it is committed to engage with and source from local supply chains: we believe that the resources and expertise of coastal communities will make a major contribution to the success of tidal power. Founded in 2010, Nova has grown rapidly over the last few years: now employing over 30 staff. In 2013, Ian Marchant joined the company as Chairman; Ian is former CEO of Scottish and Southern Energy, one of the UK’s largest utility companies. The strength of the team and our capability is demonstrated by our successful deployment of the world’s first offshore tidal array: in recognition of which Nova won the Judges Award at the Scottish Green Energy Awards 2016. We were also a regional winner in the Shell Springboard 2017 awards for low-carbon innovation.
How much funding has Nova Innovation raised?
Nova Innovation has raised $4.0M across 2 rounds on record. The most recent is a Grant of $2.8M announced in Dec 2021.
When did Nova Innovation last raise funding?
Nova Innovation's most recent funding round on record is a Grant of $2.8M, announced in Dec 2021.
Who is the CEO of Nova Innovation?
Simon Forrest is listed as CEO at Nova Innovation.
Where is Nova Innovation headquartered?
Nova Innovation is based in Edinburgh, United Kingdom.
How many employees does Nova Innovation have?
Nova Innovation is in the 11-50 employee band.
How does Nova Innovation's funding compare to other Energy startups?
Nova Innovation's latest round of $2.8M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Nova Innovation Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Nova Innovation is left off this page rather than filled in.
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