CorPower Ocean AB, a leading wave energy technology company, has completed share registration from its Series B financing round of 53 MEUR in total proceeds. This announcement follows the release of CorPower Ocean’s annual report of 2025.
Over the last year Algebris Investments and EIC Fund joined the Series B investor consortia led by Nordic Ninja, SEB Greentech, InnoEnery and including Santander Asset Management, Iberis Capital, Cisco Investments, GTT Strategic Investments and Acario (the investment arm of Tokyo Gas). The investment further strengthens CorPower Ocean’s capital base and its capacity for continued growth as it advances toward commercial-scale deployment of wave energy technology.
EIC Fund
The EIC Fund is the investment arm of the European Innovation Council, established to provide equity and quasi-equity financing to Europe’s most promising deep-tech startups and scale-ups. By investing alongside private and institutional investors, the EIC Fund supports breakthrough technologies with strong growth potential and strategic relevance for Europe, helping companies bridge the funding gap between innovation, commercialisation and global scale-up.
Algebris Investments
Algebris Investments is an independent global asset manager, founded by Davide Serra in 2006. Financials have been at the core of its expertise since inception, spanning across credit, equity and private debt. Over the years, the firm has widened its capabilities to global credit and global equity, including Italian equity. On the private investments side, the firm supports the transition to a greener and more sustainable economy, via its private equity solutions. As a specialist asset manager, Algebris focused and thematic approach has been the cornerstone of its strategies. As of 30 November 2025, Algebris manages approximately €34 billion in assets, with a global team of over 175 professionals across offices in London, Milan, Rome, Zurich, Dublin, Boston, Singapore, and Tokyo.
