Tracxn - Norway Tech - Top Business Models - Feb 2021

TRACXN TOP BUSINESS MODELS REPORT
February 01, 2021
NORWAY TECH

Norway Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
NorwayNorway Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 8
Appendix 44
2

Norway Tech - Funding in last 1 year
3
Renewable Energy Tech $133M
GovTech $87.8M
Oil & Gas Tech $75.0M
Aquaculture Tech $49.3M
Mobile Gaming $13.6M
Energy Storage Tech $11.2M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Skyfall Ventures
Coinbase
Y Combinator
5
1
1
Early
Stage
Investinor
Nysno
Hadean Ventures
4
3
2
Late
Stage
General Atlantic
Warburg Pincus
TPG
1
1
1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Mercell
(1999, Oslo)
$87.8M - PE
Cognite
(2016, Lysaker)
$75.0M - Series A
Volue
(2020, Oslo)
$54.0M - Series C
Proximar Seafood
(2015, Bergen)
$49.3M - Series C
CardioMech
(2015, Trondheim)
$18.5M - Series A
Play Magnus
(2013, Oslo)
$13.6M - Series A
Saga Robotics
(2016, Ski)
$11.3M - Series B
ZEG Power
(2008, Fornebu)
$11.2M - Series B
Geomatikk
(1990, Oslo)
$10.0M - PE
Earth Science Analytics
(2018, Stavanger)
$8.6M - Series B
Zelluna Immunotherapy
(2016, Oslo)
$8.4M - Series A
Aprila Bank
(2017, Oslo)
$7.5M - Series A
Oslo (54%)
Lysaker (18%)
Bergen (12%)
Trondheim (5%)
Stavanger (3%)
Others (7%)

Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Norway Tech - Top Business Models Report
Norway Tech - Top Funded Business Models - last 1 year (1/4)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Industrial Process Analytics $75.0M 1 Cognite | $75.0M | Series A Link
2--
Renewable Energy Tech > Horizontal > Project
Feasibility > Power Plants
$75.0M 1 Cognite | $75.0M | Series A Link
3▲7
Renewable Energy Tech > Horizontal > Portfolio
Management Software
$54.0M 1 Volue | $54.0M | Series C Link
4▲2 Valvular Disorder Therapy Devices $18.5M 1 CardioMech | $18.5M | Series A Link
5-- Agricultural Robots $11.3M 1 Saga Robotics | $11.3M | Series B Link
6-- Crop Tech > Autonomous Farming > Diversified $11.3M 1 Saga Robotics | $11.3M | Series B Link
7-- CHP Solid Oxide Fuel Cells $11.2M 1 ZEG Power | $11.2M | Series B Link
8--
Geographic Information Systems > Location
Analytics > Natural Resources
$8.6M 1 Earth Science.. | $8.6M | Series B Link
9▲4 Cryptocurrency Exchanges $7.7M 2 NBX | $7.1M | Series A Link
10-- Digital Native Banks for Businesses $7.5M 1 Aprila Bank | $7.5M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5
11--
Enterprise Collaboration > Meeting Collaboration >
Meeting Management
$6.7M 1 Synergy SKY | $6.7M | Series A Link
12-- Project Portfolio Management $6.3M 1 Ardoq | $6.3M | Series A Link
13-- Code Visualization $6.3M 1 Ardoq | $6.3M | Series A Link
14--
Smart Grid > Utility Management > Data
Management
$5.8M 1 Greenbird | $5.8M | Series B Link
15-- Remittance > Networks > Bank Settlement $5.3M 1 UNITE Global | $5.3M | Series A Link
16--
Renewable Energy Tech > Wind Energy > Wind Farm
IT > Operations and Maintenance > O&M Simulat..
$4.0M 1 Shoreline | $4.0M | Series A Link
17-- Oncology > Drugs > Peritoneal Cancer $4.0M 1 Oncoinvent | $4.0M | Series B Link
18--
Crop Tech > Content Platforms > Farming Advice >
Expert Advisors
$3.9M 1 Farmforce | $3.9M | Series A Link
19--
Investment Tech > Wealth Management IT >
Portfolio Management
$3.6M 1 Exabel | $3.6M | Seed Link
20--
Enterprise Collaboration > Meeting Collaboration >
Meeting Scheduling
$2.1M 1 Decisions | $2.1M | Series A Link

6
21-- Business Intelligence Platforms $2.0M 1 Dune Analytics | $2.0M | Seed Link
22-- Investment Tech > Wealth Management IT > Suite $1.6M 1 Quanfolio | $1.6M | Series A Link
23--
Maritime Tech > Yacht Management > Monitoring >
Sensors
$1.5M 1 Sensar Marine | $1.5M | Seed Link
24-- Business Process Management $1.5M 1 Strise | $1.5M | Seed Link
25--
Business Process Management Software > Process
Modelling
$1.1M 1 ShiftX | $1.1M | Seed Link
26--
Biotech R&D > Research Applications > Translational
Research > Biomarkers > Healthcare
$876K 1 Age Labs | $876K | Seed Link
27--
Diagnostics (by Technology) > Diagnostic Assays and
Systems > In vitro Diagnostics > Nucleic ..
28--
Genomics > Applied Genomics > Clinical Genomics >
Diagnostics > Sequencing-based > Genetic Di..
29-- Diversified Diagnostics > Tests $876K 1 Age Labs | $876K | Seed Link
30--
Clinical Genomics > Sequencing Based > Genetic
Testing > Epigenomics

7
31--
Legal Tech > Legal Practice Management >
Document Assembly & Automation
$578K 1 Simplifai | $578K | Seed Link
32-- Enterprise Document Management $578K 1 Simplifai | $578K | Seed Link
33--
Chatbots > Tech Enabled Services > Chatbot
Development > Text Based
$578K 1 Simplifai | $578K | Seed Link
34--
Fitness & Wellness Tech > Physical Fitness > Fitness
and Diet Training Apps > Fitness > Video..
$450K 1 Naardic | $450K | Seed Link
35--
AdTech > Reward Based Ad Platforms > Cross
Channel
$406K 1 SMOC | $406K | Seed Link
36--
Art E-Commerce > Paintings and Art Prints > Multi
Category
$162K 1 Atelier | $162K | Seed Link

Recent Funding Rounds
Industrial Process Analytics - Norway
01
8
Back to index
Taxonomy
$ Invested in last 1 year in Norway
Tech
Key Stats
# Funding Rounds in last 1 year in
Norway Tech
$75.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$83.2M
2
-
2
1
Manufacturing Tech (Intelecy)
(# Cos: 22 | $87.1M)
Process Control (Nordic Automation Systems)
(# Cos: 10 | $83.2M)
Analytics (CAMO)
(# Cos: 9 | $83.2M)
Production Analysis (Cognite)
(# Cos: 2 | $83.2M)
Cognite
(2016, Lysaker, $75.0M)
CAMO
(1984, Oslo, $8.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cognite (2016, Lysaker)
$75.0M - Series A - Oct 2020

Cognite (2016, Lysaker)
$75.0M - Series A - Oct 2020
Renewable Energy Tech > Horizontal > Project
Feasibility > Power Plants - Norway
02
9
Back to index
Renewable Energy Tech (Shoreline)
(# Cos: 31 | $140M)
Horizontal (Volue)
(# Cos: 5 | $134M)
Power Plants (Cognite)
(# Cos: 1 | $75.0M)
Taxonomy
Tech
Key Stats
Norway Tech
$75.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$75.0M
1
-
1
1
Cognite
(2016, Lysaker, $75.0M)

Volue (2020, Oslo)
$54.0M - Series C - Oct 2020
Renewable Energy Tech > Horizontal > Portfolio
Management Software - Norway
03
10
Back to index
Renewable Energy Tech (Shoreline)
(# Cos: 31 | $140M)
Horizontal (Cognite)
(# Cos: 5 | $134M)
Portfolio Management Software (Volue)
(# Cos: 4 | $59.1M)
Taxonomy
Tech
Key Stats
Norway Tech
$54.0M (▲1825%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$59.1M
3
-
4
1
Volue
(2020, Oslo, $54.0M)
Prediktor
(1995, Fredrikstad, $5.1M)
Bazefield
(2008, Porsgrunn)

Valvular Disorder Therapy Devices -
Norway
04
11
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$18.5M (▲146%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.0M
1
-
1
1
Cardiac and Vascular Disorders (Medistim)
(# Cos: 10 | $26.8M)
Medical Devices (Sensocure)
(# Cos: 6 | $26.0M)
Therapeutic Devices (Otivio)
(# Cos: 3 | $26.0M)
Valvular Diseases (CardioMech)
(# Cos: 1 | $26.0M)
CardioMech
(2015, Trondheim, $26.0M)
CardioMech (2015, Trondheim)
$18.5M - Series A - Aug 2020

Agricultural Robots - Norway
05
12
Back to index
Industrial Robotics (No Isolation)
(# Cos: 23 | $22.4M)
Agriculture (Saga Robotics)
(# Cos: 2 | $11.3M)
Taxonomy
Tech
Key Stats
Norway Tech
$11.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.3M
1
-
2
1
Saga Robotics
(2016, Ski, $11.3M)
Adigo
(1996, Langhus)
Saga Robotics (2016, Ski)
$11.3M - Series B - Sep 2020

Saga Robotics (2016, Ski)
$11.3M - Series B - Sep 2020
Crop Tech > Autonomous Farming >
Diversified - Norway
06
13
Back to index
Crop Tech (Agrinos)
(# Cos: 27 | $63.6M)
Autonomous Farming (Adigo)
(# Cos: 3 | $11.3M)
Diversified (Saga Robotics)
(# Cos: 1 | $11.3M)
Taxonomy
Tech
Key Stats
Norway Tech
$11.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.3M
1
-
1
1
Saga Robotics
(2016, Ski, $11.3M)

ZEG Power (2008, Fornebu)
$11.2M - Series B - Mar 2020
CHP Solid Oxide Fuel Cells - Norway
07
14
Back to index
Energy Storage Tech (Nel Hydrogen)
(# Cos: 28 | $12.7M)
Fuel Cell (Powunit)
(# Cos: 2 | $11.2M)
CHP (ZEG Power)
(# Cos: 1 | $11.2M)
Taxonomy
Tech
Key Stats
Norway Tech
$11.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.2M
1
-
1
1
ZEG Power
(2008, Fornebu, $11.2M)

Earth Science Ana.. (2018, Stavanger)
$8.6M - Series B - Sep 2020
Geographic Information Systems > Location
Analytics > Natural Resources - Norway
08
15
Back to index
Geographic Information Systems (MazeMap)
(# Cos: 16 | $59.6M)
Location Analytics (Norkart)
(# Cos: 8 | $8.6M)
Natural Resources (Earth Science
Analytics)
(# Cos: 4 | $8.6M)
Taxonomy
Tech
Key Stats
Norway Tech
$8.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$8.6M
2
1
4
1
Earth Science Analytics
(2018, Stavanger, $8.6M)
Globesar
(2010, Oslo)
Multi Client Geophysical
(2007, Asker)

Cryptocurrency Exchanges - Norway
09
16
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$7.7M (▲368%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.3M
2
-
5
1
Cryptocurrencies (BitGate)
(# Cos: 28 | $9.3M)
Financial Services (Joystream)
(# Cos: 13 | $9.3M)
Investment Industry (MiraiEx)
(# Cos: 10 | $9.3M)
Crypto Exchanges (NBX)
(# Cos: 5 | $9.3M)
NBX
(1995, Oslo, $8.7M)
MiraiEx
(2017, Oslo, $556K)
HandleKrypto
(2018, Oslo)
NBX (1995, Oslo)
$7.1M - Series A - Jan 2021
MiraiEx (2017, Oslo)
$556K - Seed - Aug 2020

Digital Native Banks for Businesses -
Norway
10
17
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$7.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.6M
1
-
1
1
Banking Tech (Signicat)
(# Cos: 22 | $125M)
Internet First Banks (Sbanken)
(# Cos: 10 | $95.3M)
Digital Native Banks (Bank Norwegian)
(# Cos: 5 | $64.6M)
Business Banking (Aprila Bank)
(# Cos: 1 | $28.6M)
Aprila Bank
(2017, Oslo, $28.6M)
Aprila Bank (2017, Oslo)
$7.5M - Series A - May 2020

Synergy SKY (2008, Oslo)
$6.7M - Series A - Apr 2020
Enterprise Collaboration > Meeting
Collaboration > Meeting Management - Norway
11
18
Back to index
Enterprise Collaboration (Huddly)
(# Cos: 46 | $52.3M)
Meeting Collaboration (Nyby)
(# Cos: 3 | $8.8M)
Meeting Management (Synergy SKY)
(# Cos: 2 | $6.7M)
Taxonomy
Tech
Key Stats
Norway Tech
$6.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.7M
2
-
2
1
Synergy SKY
(2008, Oslo, $6.7M)
Nyby
(2015, Oslo)

Ardoq (2013, Oslo)
$6.3M - Series A - Jun 2020
Project Portfolio Management - Norway
12
19
Back to index
Product Management Tools (Memory)
(# Cos: 16 | $19.5M)
Product Strategy (SimplyBetter)
(# Cos: 2 | $7.5M)
Project Portfolio Management (Ardoq)
(# Cos: 1 | $7.5M)
Taxonomy
Tech
Key Stats
Norway Tech
$6.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.5M
1
-
1
1
Ardoq
(2013, Oslo, $7.5M)

Ardoq (2013, Oslo)
$6.3M - Series A - Jun 2020
Code Visualization - Norway
13
20
Back to index
Application Development Tools (Neptune Software)
(# Cos: 18 | $19.8M)
Code Management (Webhooks)
(# Cos: 2 | $7.5M)
Code Visualization (Ardoq)
(# Cos: 1 | $7.5M)
Taxonomy
Tech
Key Stats
Norway Tech
$6.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.5M
1
-
1
1
Ardoq
(2013, Oslo, $7.5M)

Greenbird (2010, Oslo)
$5.8M - Series B - Sep 2020
Smart Grid > Utility Management > Data
Management - Norway
14
21
Back to index
Smart Grid (eSmart Systems)
(# Cos: 15 | $60.3M)
Utility Management (Xigrid Technologies)
(# Cos: 5 | $10.8M)
Data Management (Greenbird)
(# Cos: 1 | $10.8M)
Taxonomy
Tech
Key Stats
Norway Tech
$5.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.8M
1
-
1
1
Greenbird
(2010, Oslo, $10.8M)

Remittance > Networks > Bank
Settlement - Norway
15
22
Back to index
Remittance (Eternic)
(# Cos: 6 | $5.5M)
Bank Settlement (UNITE Global)
(# Cos: 1 | $5.3M)
Taxonomy
Tech
Key Stats
Norway Tech
$5.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.3M
1
-
1
0
UNITE Global
(2014, Fredrikstad, $5.3M)
UNITE Global (2014, Fredrikstad)
$5.3M - Series A - Feb 2020

Renewable Energy Tech > Wind Energy > Wind Farm IT >
Operations and Maintenance > O&M Simulation - Norway
16
23
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$4.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.0M
1
-
1
0
Renewable Energy Tech (Cognite)
(# Cos: 31 | $140M)
Wind Energy (Olympic)
(# Cos: 7 | $4.7M)
Wind Farm IT (WindSim)
(# Cos: 3 | $4.7M)
O&M Simulation (Shoreline)
(# Cos: 1 | $4.0M)
Shoreline
(2014, Stavanger, $4.0M)
Shoreline (2014, Stavanger)
$4.0M - Series A - Apr 2020

Oncoinvent (2010, Oslo)
$4.0M - Series B - May 2020
Oncology > Drugs > Peritoneal Cancer -
Norway
17
24
Back to index
Oncology (Nordic Nanovector)
(# Cos: 26 | $223M)
Drugs (Targovax)
(# Cos: 19 | $223M)
Peritoneal Cancer (Oncoinvent)
(# Cos: 1 | $30.8M)
Taxonomy
Tech
Key Stats
Norway Tech
$4.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.8M
1
-
1
1
Oncoinvent
(2010, Oslo, $30.8M)

Crop Tech > Content Platforms > Farming Advice
> Expert Advisors - Norway
18
25
Back to index
Crop Tech (Agrinos)
(# Cos: 27 | $63.6M)
Expert Advisors (Farmforce)
(# Cos: 1 | $3.9M)
Taxonomy
Tech
Key Stats
Norway Tech
$3.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.9M
1
-
1
1
Farmforce
(2007, Oslo, $3.9M)
Farmforce (2007, Oslo)
$3.9M - Series A - Aug 2020

Exabel (2016, Oslo)
$3.6M - Seed - Sep 2020
Investment Tech > Wealth Management IT >
Portfolio Management - Norway
19
26
Back to index
Investment Tech (Spiff)
(# Cos: 30 | $11.7M)
Wealth Management IT (Quanfolio)
(# Cos: 5 | $10.5M)
Portfolio Management (Exabel)
(# Cos: 1 | $8.3M)
Taxonomy
Tech
Key Stats
Norway Tech
$3.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.3M
1
-
1
1
Exabel
(2016, Oslo, $8.3M)

Decisions (2016, Oslo)
$2.1M - Series A - Oct 2020
Enterprise Collaboration > Meeting
Collaboration > Meeting Scheduling - Norway
20
27
Back to index
Enterprise Collaboration (Huddly)
(# Cos: 46 | $52.3M)
Meeting Collaboration (Synergy SKY)
(# Cos: 3 | $8.8M)
Meeting Scheduling (Decisions)
(# Cos: 1 | $2.1M)
Taxonomy
Tech
Key Stats
Norway Tech
$2.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.1M
1
-
1
0
Decisions
(2016, Oslo, $2.1M)

Dune Analytics (2018, Oslo)
$2.0M - Seed - Sep 2020
Business Intelligence Platforms - Norway
21
28
Back to index
Business Intelligence (Iris.Ai)
(# Cos: 19 | $5.9M)
Business Intelligence Suites (BI Builders)
(# Cos: 4 | $2.0M)
Platform (Dune Analytics)
(# Cos: 2 | $2.0M)
Taxonomy
Tech
Key Stats
Norway Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
1
-
2
0
Dune Analytics
(2018, Oslo, $2.0M)
Telemark Gruppen
(1993, Oslo)

Quanfolio (2015, Bergen)
$1.6M - Series A - Oct 2020
Investment Tech > Wealth Management
IT > Suite - Norway
22
29
Back to index
Investment Tech (Spiff)
(# Cos: 30 | $11.7M)
Wealth Management IT (Exabel)
(# Cos: 5 | $10.5M)
Suite (Quanfolio)
(# Cos: 2 | $2.2M)
Taxonomy
Tech
Key Stats
Norway Tech
$1.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.2M
2
-
2
0
Quanfolio
(2015, Bergen, $1.6M)
Edgefolio
(2013, Oslo, $582K)

Maritime Tech > Yacht Management >
Monitoring > Sensors - Norway
23
30
Back to index
Maritime Tech (Vesslman)
(# Cos: 27 | $2.7M)
Sensors (Sensar Marine)
(# Cos: 1 | $1.5M)
Taxonomy
Tech
Key Stats
Norway Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.5M
1
-
1
0
Sensar Marine
(2016, Bergen, $1.5M)
Sensar Marine (2016, Bergen)
$1.5M - Seed - Jun 2020

Business Process Management - Norway
24
31
Back to index
Business Process Management Software (ShiftX)
(# Cos: 6 | $2.6M)
BPM Suite (Strise)
(# Cos: 1 | $1.5M)
Taxonomy
Tech
Key Stats
Norway Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.5M
1
-
1
0
Strise
Strise (2016, Trondheim)
$1.5M - Seed - Apr 2020

Business Process Management Software >
Process Modelling - Norway
25
32
Back to index
Business Process Management Software (Strise)
(# Cos: 6 | $2.6M)
Process Modelling (ShiftX)
(# Cos: 1 | $1.1M)
Taxonomy
Tech
Key Stats
Norway Tech
$1.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1M
1
-
1
0
ShiftX
(2010, Oslo, $1.1M)
ShiftX (2010, Oslo)
$1.1M - Seed - Nov 2020

Age Labs (2017, Oslo)
$876K - Seed - Apr 2020
Biotech R&D > Research Applications > Translational
Research > Biomarkers > Healthcare - Norway
26
33
Back to index
Biotech R&D (OncoImmunity)
(# Cos: 31 | $14.3M)
Research Applications (Borregaard)
(# Cos: 19 | $1.3M)
Healthcare (Age Labs)
(# Cos: 1 | $876K)
Taxonomy
Tech
Key Stats
Norway Tech
$876K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$876K
1
-
1
0
Age Labs
(2017, Oslo, $876K)

Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro
Diagnostics > Nucleic Acid-based > Sequencing-based > Genomics >
Epigenomics > Liquid Biopsy - Norway
27
34
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$876K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$876K
1
-
1
0
Diagnostics (by Technology) (Medistim)
(# Cos: 22 | $7.3M)
Diagnostic Assays and Systems (Pre Diagnostics)
(# Cos: 8 | $3.0M)
In vitro Diagnostics (Orthogenics)
(# Cos: 8 | $3.0M)
Nucleic Acid-based (DiaGenic)
(# Cos: 4 | $876K)
Sequencing-based (Genetic Analysis)
(# Cos: 2 | $876K)
Liquid Biopsy (Age Labs)
(# Cos: 1 | $876K)
Age Labs
(2017, Oslo, $876K)
$876K - Seed - Apr 2020

Genomics > Applied Genomics > Clinical Genomics > Diagnostics >
Sequencing-based > Genetic Diagnosis > Epigenomics - Norway
28
35
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$876K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$876K
1
-
1
0
Genomics (ArcticZymes)
(# Cos: 16 | $3.2M)
Applied Genomics (Biosergen)
(# Cos: 10 | $876K)
Clinical Genomics (PreTect)
(# Cos: 5 | $876K)
Diagnostics (DiaGenic)
(# Cos: 5 | $876K)
Sequencing-based (Genetic Analysis)
(# Cos: 3 | $876K)
Genetic Diagnosis (ICCD)
(# Cos: 2 | $876K)
Epigenomics (Age Labs)
(# Cos: 1 | $876K)
Age Labs
(2017, Oslo, $876K)
$876K - Seed - Apr 2020

Diversified Diagnostics > Tests - Norway
29
36
Back to index
Diversified Diagnostics (Infiniwell)
(# Cos: 6 | $2.4M)
Tests (Age Labs)
(# Cos: 6 | $2.4M)
Taxonomy
Tech
Key Stats
Norway Tech
$876K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4M
2
-
6
0
Age Labs
(2017, Oslo, $876K)
Infiniwell
(2017, Trondheim)
SonoClear
$876K - Seed - Apr 2020

Clinical Genomics > Sequencing Based > Genetic
Testing > Epigenomics - Norway
30
37
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$876K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$876K
1
-
1
0
Clinical Genomics (DiaGenic)
(# Cos: 5 | $876K)
Sequencing Based (Genetic Analysis)
(# Cos: 3 | $876K)
Genetic Testing (ICCD)
(# Cos: 2 | $876K)
Epigenomics (Age Labs)
(# Cos: 1 | $876K)
Age Labs
(2017, Oslo, $876K)
$876K - Seed - Apr 2020

Simplifai (2017, Oslo)
$578K - Seed - Mar 2020
Legal Tech > Legal Practice Management >
Document Assembly & Automation - Norway
31
38
Back to index
Legal Tech (Help)
(# Cos: 11 | $578K)
Legal Practice Management (Lexolve)
(# Cos: 5 | $578K)
Document Assembly & Automation
(Simplifai)
(# Cos: 4 | $578K)
Taxonomy
Tech
Key Stats
Norway Tech
$578K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$578K
2
-
4
0
Simplifai
(2017, Oslo, $578K)
Lexolve
(2018, Oslo)
DIBkunnskap
(1995, Lysaker)

$578K - Seed - Mar 2020
Enterprise Document Management -
Norway
32
39
Back to index
Enterprise Information Management (Fotoware)
(# Cos: 8 | $2.6M)
Enterprise Content Management (Iris.Ai)
(# Cos: 5 | $978K)
Document Management (Xait)
(# Cos: 4 | $978K)
Taxonomy
Tech
Key Stats
Norway Tech
$578K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$978K
4
-
4
0
Xait
(2000, Stavanger)
Iris.Ai
(2015, Haslum, $400K)
Software Innovation
(1984, Oslo)

$578K - Seed - Mar 2020
Chatbots > Tech Enabled Services > Chatbot
Development > Text Based - Norway
33
40
Back to index
Chatbots (Boost.ai)
(# Cos: 10 | $5.9M)
Chatbot Development (Virtual Assistants)
(# Cos: 2 | $578K)
Text Based (Simplifai)
(# Cos: 2 | $578K)
Taxonomy
Tech
Key Stats
Norway Tech
$578K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$578K
1
-
2
0
Simplifai
(2017, Oslo, $578K)
Virtual Assistants
(2018, Oslo)

Fitness & Wellness Tech > Physical Fitness > Fitness and Diet
Training Apps > Fitness > Video Lessons > Live - Norway
34
41
Back to index
Taxonomy
Tech
Key Stats
Norway Tech
$450K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$450K
1
-
1
0
Fitness & Wellness Tech (InfoGym)
(# Cos: 28 | $715K)
Physical Fitness (PlayPulse)
(# Cos: 19 | $715K)
Fitness and Diet Training Apps (Myworkout)
(# Cos: 13 | $450K)
Fitness (WOD Roulette)
(# Cos: 11 | $450K)
Live (Naardic)
(# Cos: 1 | $450K)
Naardic
(2019, Oslo, $450K)
Naardic (2019, Oslo)
$450K - Seed - Aug 2020

AdTech > Reward Based Ad Platforms >
Cross Channel - Norway
35
42
Back to index
AdTech (Cxense)
(# Cos: 18 | $3.2M)
Cross Channel (SMOC)
(# Cos: 1 | $666K)
Taxonomy
Tech
Key Stats
Norway Tech
$406K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$666K
1
-
1
0
SMOC
(2019, Oslo, $666K)
SMOC (2019, Oslo)
$406K - Seed - Aug 2020

Atelier (2016, Oslo)
$162K - Seed - Dec 2020
Art E-Commerce > Paintings and Art Prints >
Multi Category - Norway
36
43
Back to index
Art E-Commerce (Fine Art)
(# Cos: 3 | $162K)
Paintings and Art Prints (Kunstportal)
(# Cos: 2 | $162K)
Multi Category (Atelier)
(# Cos: 1 | $162K)
Taxonomy
Tech
Key Stats
Norway Tech
$162K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$162K
1
-
1
0
Atelier
(2016, Oslo, $162K)

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Tracxn - Norway Tech - Top Business Models - Feb 2021

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