The document is a monthly report on Norway Tech from July 2021. Some key points: - Total funding in Norway Tech for the last 12 months was $1.3B across 2,380 companies. The top funded rounds were a $22.3M Series A for imove and a $11M Series B for Tise. - New investors in July included AutoScout24 and Voi. Tise and imove were also upgraded to 'minicorns' by analysts. - Acquisitions included DigiPlex being acquired by IPI Partners and Green Mountain being acquired by Azrieli Group for $850M. - The report provides funding amounts and numbers, lists

1. TRACXN MONTHLY REPORT
JULY 2021
NORWAY TECH

2. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private 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 - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Norway Tech Snapshot – July 2021
Norway Tech: Snapshot – July 2021
Note : "Investors" refers to "Institutional Investors" only
3
$35.7M
2
Overall Geo Stats
2
2
7
7
4
Funding Rounds $ Invested Analyst Picks
Tise Upgraded to
MINICORN
New Investors
AutoScout24
Voi
Series A+
rounds
Active Investors IPOs Acquisitions
DigiPlex#@
Green Mountain#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(3 Rounds, $13.4M)
Bergen
(1 Rounds, $22.3M)
$22.3M - Series A
imove (2018, Bergen, $22.3M)
$11M - Series B
Tise (2014, Oslo, $25M)
$1.2M - Seed
ClexBio (2020, Oslo, $1.2M)
$1.2M - Seed
Bio-Me (2016, Oslo, $1.2M)
Idekapital
(1 Investments)
Norselab
(1 Investments)
Voi
(1 Investments)
AutoScout24
(1 Investments)
Electric Vehicles
imove
Subscription Commerce
Social Commerce
Tise
Life Sciences Platforms and
Tools
ClexBio
Market Size
Companies Covered 2,380
Funded Companies 819
Total Funding $3.3B
Funding in last 12 months $1.3B
Top Exits
IPOs 37
Acquisitions 229
Company Stage
Unicorns 2
Soonicorns 7
Minicorns 55
Editor Picks 265
Series A+ 185
Series C+ 52
Acqui-Hires 2
Deadpooled 133
Top Cities
Oslo (294 Rounds, $2.1B)
Trondheim (55 Rounds, $113M)
Top Investors
Investinor (53 Investments)
StartupLab (36 Investments)

4. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of July 2021
Norway Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (July 2021)*
imove
(2018, Bergen, $22.3M)
$22.3M - Series A AutoScout24
Tise
(2014, Oslo, $25.0M)
$11.0M - Series B VNV Global
ClexBio
(2020, Oslo, $1.2M)
$1.2M - Seed
Bio-Me
(2016, Oslo, $1.2M)
$1.2M - Seed
*Shows only the lead Investors

5. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in July 2021
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
$11.0M - Series B
Tise (2014, Oslo, $25.0M)
Online platform offering used fashion products
VNV Global, Voi
EARLY STAGE
$22.3M - Series A
imove (2018, Bergen, $22.3M)
Online platform offering subscription-based
electric-car rental services
AutoScout24, Nysno, , Norselab, Idekapital
SEED STAGE
$1.2M - Seed
Bio-Me (2016, Oslo, $1.2M)
Developer of a platform for gut microbiome
analysis
SEED STAGE
$1.2M - Seed
ClexBio (2020, Oslo, $1.2M)
Developer of microfluidic chip for laboratory
purposes

6. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Norway Tech in July 2021
Norway Tech: List of New Investors
6
Investor Company Info
Round
Amount
Round Name
AutoScout24
1 portfolio companies | Online listing platform for used/new vehicles
imove
Online platform offering subscription-based electric-car rental
services
$22.30M Series A
Voi
1 portfolio companies | App-based platform offering electric-kick
scooter rental services
Tise
Online platform offering used fashion products
$11.00M Series B

7. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private 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 -- Oil and Gas Analytics Software $225M 2 Cognite | $150M | Series B
2 -- Construction Project Management Software $54.0M 1 Volue | $54.0M | Series C
3 -- Grid Management Solutions $54.0M 1 Volue | $54.0M | Series C
4 -- Sustainable Recirculating Aquaculture Systems $49.3M 2 Proximar Sea.. | $49.3M | Series C
5 -- Gamification Based Learning $26.0M 1 Attensi | $26.0M | Series B
6 -- Electric Car Subscriptions $22.3M 1 imove | $22.3M | Series A
7 ▼-6 Valvular Disorder Treatment Devices $18.5M 1 CardioMech | $18.5M | Series A
8 -- Social Shopping Networks $18.0M 2 Tise | $11.0M | Series B
9 -- eSports Player Organizations $17.6M 1 Omaken Sports | $17.6M | Series B
10 -- Time Tracking $14.0M 1 Memory | $14.0M | Series B

8. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Norway Tech in July 2021
Norway Tech: Analyst Picks
8
Upgraded to MINICORN
Tise (2014, Oslo, $11.0M, Series B)
Online platform offering used fashion products
VNV Global,Voi,Skyfall Venturesand
Upgraded to MINICORN
imove (2018, Bergen, $22.3M, Series A)
Online platform offering subscription-based
electric-car rental services
Norselab, AutoScout24, Idekapital and 2 other
Investors
Added to Editor's Pick
Bio-Me (2016, Oslo, $1.2M, Seed)
Developer of a platform for gut microbiome
analysis
Added to Editor's Pick
dRofus (2011, Oslo, Unfunded)
Cloud-based data management tool for the
construction industry
Added to Editor's Pick
Squarehead Technology (2004, Oslo,
Unfunded)
Provider of a sensor-based acoustic drone
detection solution
Added to Editor's Pick
Euronext VPS (2019, Oslo, Unfunded)
Trade surveillance and compliance management
solutions for employers
Added to Editor's Pick
CEMIT (2004, Porsgrunn, Unfunded)
Saas and AI-enabled platform offering
comprehensive rail operations management
solutions

9. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in July 2021
Norway Tech: Acquisitions
9
Acq.
Date
Company Acquirer Deal Size
07 Jul 2021
DigiPlex(2001, Oslo)
Data center colocation and cloud services provider
IPI Partners
19 Jul 2021
Green Mountain(2010, Stavanger)
Data center and colocation services
azrieligroup.com $850.0M

10. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in July 2021
Norway Tech:News
10
Exit News
.
● Norwegian Finans Holding ASA: Intra-group merger completed
GlobeNewswire
.
● Azrieli Group Acquires Norway’s Green Mountain for $850 Million Jewish
Business News
.
● Crayon acquires rhipe shares by scheme of arrangement iTWire
.
● DigiPlex agrees sale to IPI Partners for undisclosed sum Telecompaper
.
● Signicat Acquires Encap Security to Create Mobile Identity and
Authentication Powerhouse ffnews.com
.
● Aker, AF Gruppen to merge offshore decommissioning operations Offshore
Technology
.
● DeepOcean buys into marine minerals exploration and extraction firm
Offshore Energy
.
● PGS Completes Sale of CSEM Technology to OFG GlobeNewswire
.
People News
.
● Senior NE hires at Azets Insider Media
.
● Nordic Nanovector Appoints Malene Brondberg as Interim Chief
Executive Officer PR Newswire
.
● Analytical Space Inc. hires KSAT’s Monson and Velazco of JPL
SpaceNews

11. Norway Tech - July 2021 Copyright © 2021, Tracxn Technologies Private 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 Cognite
Cap Tables of
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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