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Vaarst/Rovco Series B investment

We leveraged Silverpeak’s global network of investors to find the right partner to guide Vaarst/Rovco on their next chapter of growth

About our client

Vaarst is a leading provider of subsea 3D computer vision and SLAM technologies; supporting offshore wind, wave & tidal, scientific, and maritime security sector.

Rovco delivers Vaarst technology into the energy transition space mainly focused on its use for subsea surveys in offshore wind where it is a market leader in the UK, and in oil field decommissioning.

Why they chose us

Silverpeak was engaged due to its expertise in the deeptech and software sectors, as well as extensive knowledge of the international investor market.

How we added value

The company was positioned as an autonomous robotics leader in the global blue technology sector and attracted a range of international financial investors as well as strategic counterparties with a strong interest in renewable energy and ESG-focused investments.

The successful outcome

A successful process comprising an array of global strategic and financial investors, resulting in a $26m+ Series B round made up of top tier investors: L&G, Equinor, IQT, Future Planet Capital and SDF.

Transaction Summary


Vaarst & Rovco

Deal Type








UK / NO / US / AE

Silverpeak team

The Silverpeak team helped us build the equity story and business plan; held in-depth discussions with global investors; put together the multi-party transaction; and provided invaluable support throughout the process all the way to closing – it was a huge undertaking and I’m sure resulted in a better outcome than managing the process in-house.
Brian Allen | CEO