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1. TRACXN MONTHLY REPORT
MARCH 2022
NORWAY TECH

2. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Norway Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 9
Recent News 10

3. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Norway Tech Snapshot – March 2022
Norway Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$148M
3
Overall Geo Stats
8
1
16
5
5
Funding Rounds $ Invested Analyst Picks
Ardoq Upgraded to
SOONICORN
New Investors
D1 Ventures
Kraken Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Drylab
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(4 Rounds, $134M)
Fornebu
(1 Rounds, $14M)
$125M - Series D
Ardoq (2013, Oslo, $133M)
$14M - Series A
Unleash (2015, Fornebu, $16.5M)
$5.9M - Series A
Joystream (2017, Oslo, $5.9M)
$1.6M - Seed
Presail (2021, Oslo, $1.6M)
One Peak Partners
(1 Investments)
Spark Capital
(1 Investments)
Frontline Ventures
(1 Investments)
Schibsted Media Group
(1 Investments)
IT Operations
Ardoq
DevOps
Unleash
Build Tools
OTT Video
Joystream
Market Size
Companies Covered 2,670
Funded Companies 874
Total Funding $3.5B
Funding in last 12 months $1.3B
Top Exits
IPOs 38
Acquisitions 223
Company Stage
Unicorns 4
Soonicorns 7
Minicorns 58
Editor Picks 293
Series A+ 179
Series C+ 44
Acqui-Hires 2
Deadpooled 132
Top Cities
Oslo (314 Rounds, $2.4B)
Trondheim (57 Rounds, $116M)
Top Investors
Investinor (50 Investments)
StartupLab (36 Investments)

4. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of March 2022
Norway Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Ardoq
(2013, Oslo, $133M)
$125M - Series D One Peak Partners
Unleash
(2015, Fornebu, $16.5M)
$14.0M - Series A Spark Capital
Joystream
(2017, Oslo, $5.8M)
$5.8M - Series A Digital Currency Group
Presail
(2021, Oslo, $1.6M)
$1.6M - Seed Skyfall Ventures
Knips
(2020, Oslo, $1.1M)
$1.1M - Seed Schibsted Media Group
*Shows only the lead Investors

5. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in March 2022
Norway Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$125.0M - Series D
Ardoq (2013, Oslo, $132.5M)
Cloud-based solutions for enterprise architecture
management
EQT, One Peak Partners
EARLY STAGE
$5.8M - Series A
Joystream (2017, Oslo, $5.8M)
Blockchain-based video streaming platform
Digital Currency Group, Hypersphere, Alliance DAO, D1
Ventures
EARLY STAGE
$14.0M - Series A
Unleash (2015, Fornebu, $16.5M)
Cloud based feature management solutions provider
Spark Capital, Alliance Venture, Firstminute Capital,
Frontline Ventures, Arkwright X
SEED STAGE
$1.1M - Seed
Knips (2020, Oslo, $1.1M)
Platform offering software to manage and engage
leads
Schibsted Media Group
SEED STAGE
$1.6M - Seed
Presail (2021, Oslo, $1.6M)
Deal management solution for blockchain projects
Skyfall Ventures, Global Founders Capital, Weekend
Fund, Kraken Ventures, Avlok Kohli, and 10 more

6. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Norway Tech in March 2022
Norway Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
D1 Ventures
23 portfolio companies | Limited information available
Joystream
Blockchain-based video streaming platform
$5.85M Series A
Kraken Ventures
11 portfolio companies | Venture capital fund investing in fintech and crypto
startups
Presail
Deal management solution for blockchain projects
$1.60M Seed
Hypersphere
33 portfolio companies | Limited information available
Joystream
Blockchain-based video streaming platform
$5.85M Series A
EQT
36 portfolio companies | Private fund focused on debt and equity investments
in real estate, startups, and multiple sectors
Ardoq
Cloud-based solutions for enterprise architecture management
$125M Series D
Weekend Fund
15 portfolio companies | Micro-venture capital fund investing in multiple
sectors
Presail
Deal management solution for blockchain projects
$1.60M Seed
One Peak Partners
27 portfolio companies | Growth stage tech-focused VC firm funding companies
in Europe
Ardoq
Cloud-based solutions for enterprise architecture management
$125M Series D
Global Founders Capital
426 portfolio companies | Seed to growth stage startups focused stage-agnostic
VC firm
Presail
Deal management solution for blockchain projects
$1.60M Seed
Alliance DAO
3 portfolio companies | DAO venture capital-backed accelerator focused on
blockchain startups
Joystream
Blockchain-based video streaming platform
$5.85M Series A

7. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Digital Twin Modelling Software $150M 2 Cognite | $150M | Series B
2 <> 0 Oil and Gas Analytics Software $150M 2 Cognite | $150M | Series B
3 ▲10 Human Presence Detection Sensors $44.7M 1 Novelda | $44.7M | Series D
4 -- Internet First Meeting Room System Brands $30.0M 1 Neat | $30.0M | Series A
5 ▲1 Gamification Based Learning $26.0M 1 Attensi | $26.0M | Series B
6 -- Electric Car Subscriptions $22.3M 1 imove | $22.3M | Series A
7 ▲8 Drugs for Multiple Cancer Types $20.0M 1 Cytovation | $20.0M | Series A
8 -- Aesthetic Medicines $20.0M 1 Cytovation | $20.0M | Series A
9 -- Project Time Tracking Software $14.0M 1 Memory | $14.0M | Series B
10 ▲9 Social Shopping Networks $11.0M 1 Tise | $11.0M | Series B

8. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Norway Tech in March 2022
Norway Tech: Analyst Picks
8
Upgraded to SOONICORN
Ardoq (2013, Oslo, $6.3M, Series A)
Cloud-based solutions for enterprise architecture
management
One Peak Partners, EQT, Bertel O. Steen Kapital and 5
other Investors
Upgraded to MINICORN
Unleash (2015, Fornebu, $2.5M, Seed)
Cloud based feature management solutions provider
Spark Capital, Frontline Ventures, Firstminute Capital
and 4 other Investors
Added to Editor's Pick
Joystream (2017, Oslo, $5.8M, Series A)
Blockchain-based video streaming platform
Digital Currency Group, Hypersphere, Alliance DAO and
4 other Investors
Added to Editor's Pick
Presail (2021, Oslo, $1.6M, Seed)
Deal management solution for blockchain projects
Skyfall Ventures, Weekend Fund, Global Founders
Capital and 12 other Investors
Added to Editor's Pick
Aviant (2020, Trondheim, Unfunded)
Provider of on-demand autonomous drone delivery
services

9. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in March 2022
Norway Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
28 Mar 2022
Drylab(2009, Oslo)
Software provider for metadata, dailies, and collaboration
MTS

10. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in March 2022
Norway Tech:News
10
Exit News
.
● Lunar set to acquire Norwegian digital bank Instabank for €132m FinTech Futures
.
● Grant Thornton advises on cross-border sale of Scottish EdTech firm Private Equity
Wire
.
● Media Tech SPAC acquires film and TV production software platform Drylab
Proactive Investors
.
● Yorkshire glass manufacturer acquired by German investment firm Bdaily
.
● Adevinta sells its stake in InfoJobs Brazil to RedArbor AIM Group
.
● Element Logic expands its operations into Americas via acquisition of SDI
Industries mmh.com
.
● VISMA’s Acquisition of Calipso Group Global Legal Chronicle
.
● Creditsafe acquires B2B Information services company Graydon from Atradius
Business Money
.
People News
.
● Senior appointment and promotion at Azets Insider Media
● SalMar names Linda Litlekalsøy Aase as next CEO SeafoodSource
.
● Leappoint Appoints New Managing Director Of Emea To Lead Connected
Work™ Growth In Global Markets PR Newswire

11. Norway Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Norway Tech on Tracxn Platform
Norway Tech: Explore more on Tracxn Platform
11
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Norway
AI Companies in Norway
Fintech Companies Norway
Consumer Digital in Norway
Company Due Diligence
Detailed profile of Oda
Competitors of Gelato
Cap Tables of Cognite
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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