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1. TRACXN MONTHLY REPORT
FEBRUARY 2022
NORWAY TECH

2. Norway Tech - February 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
Acquisitions 8
Recent News 9

3. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Norway Tech Snapshot – February 2022
Norway Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$71.3M
2
Overall Geo Stats
1
2
4
8
3
Funding Rounds $ Invested Analyst Picks
Cognite!@#
New Investors
4
Series A+ rounds Active Investors IPOs Acquisitions
Cenium
FluxLoop
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(2 Rounds, $71.3M)
Lysaker
(2 Rounds, $71.3M)
$69.4M - Series B
Dune Analytics (2018, Oslo, $79.4M)
$1.9M - Seed
Vicotee (2016, Oslo, $1.9M)
- Series B
Cognite (2016, Lysaker, $225M)
Aramco
(1 Investments)
Coatue
(1 Investments)
Multicoin Capital
(1 Investments)
Dragonfly Capital
(1 Investments)
Cryptocurrencies
Dune Analytics
Internet of Things Infrastructure
Vicotee
Market Size
Companies Covered 2,596
Funded Companies 847
Total Funding $3.4B
Funding in last 12 months $1.2B
Top Exits
IPOs 36
Acquisitions 220
Company Stage
Unicorns 3
Soonicorns 7
Minicorns 58
Editor Picks 288
Series A+ 174
Series C+ 42
Acqui-Hires 2
Deadpooled 132
Top Cities
Oslo (308 Rounds, $2.3B)
Trondheim (57 Rounds, $116M)
Top Investors
Investinor (50 Investments)
StartupLab (36 Investments)

4. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of February 2022
Norway Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Dune Analytics
(2018, Oslo, $79.4M)
$69.4M - Series B Multicoin Capital
Vicotee
(2016, Oslo, $1.9M)
$1.9M - Seed
*Shows only the lead Investors

5. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in February 2022
Norway Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$69.4M - Series B
Dune Analytics (2018, Oslo, $79.4M)
Trading signal and analytics solutions for
cryptocurrency
Coatue, Dragonfly Capital, Multicoin Capital
EARLY STAGE
Series B
Cognite (2016, Lysaker, $225.0M)
Provider of AI-based production data analysis software
Aramco
SEED STAGE
$1.9M - Seed
Vicotee (2016, Oslo, $1.9M)
Vicotee provides hardware solutions for real-time
sensor data monitoring

6. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Norway Tech in February 2022
Norway Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Aramco
4 portfolio companies | Oil and gas exploration and production company
Cognite
Provider of AI-based production data analysis software
Undisclosed Series B

7. Norway Tech - February 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 ▲6 Human Presence Detection Sensors $44.7M 1 Novelda | $44.7M | Series D
4 -- Gamification Based Learning $26.0M 1 Attensi | $26.0M | Series B
5 -- Electric Car Subscriptions $22.3M 1 imove | $22.3M | Series A
6 ▲5 Drugs for Multiple Cancer Types $20.0M 1 Cytovation | $20.0M | Series A
7 -- Aesthetic Medicines $20.0M 1 Cytovation | $20.0M | Series A
8 -- Project Time Tracking Software $14.0M 1 Memory | $14.0M | Series B
9 ▼-1 Autoimmune Disorders Drugs $13.2M 1 Arxx Therapeutics | $13.2M | Seed
10 -- Secure Communication $12.0M 1 Whereby | $12.0M | Series A

8. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in February 2022
Norway Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
02 Feb 2022
Cenium(2003, Oslo)
Hospitality management system.
Mews
15 Feb 2022
FluxLoop(2012, Oslo)
Consumer intelligence solutions provider
Kogenta

9. Norway Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in February 2022
Norway Tech:News
9
Exit News
.
● Mews continues hotel tech rollup, acquires Cenium PhocusWire
.
● Aker Solutions buying compatriot consultancy to support growth strategy
Offshore Energy
.
● Palamon Capital Partners acquires Eneas Energy for NOK375m Private Equity Wire
.
● Palamon acquires Eneas for NOK 375m Unquote
.
People News
.
● ECI expands team with three new hires Business Money
.
● Pexip appoints Johannessen as CEO Telecompaper
.
● Vizrt Names Sam Leadsom To Global Sports Leadership Team TV Tech
.
● Pair of appointments at Azets Insider Media
.
● Azets adds to restructuring and insolvency team Daily Business

10. Norway Tech - February 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
10
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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