Check out Tracxn's latest Geo Monthly Report on Tech rebrand.ly/0w26xhb For more free Monthly Startup Reports on geography of your interest , subscribe here: https://rb.gy/3yuosu

1. TRACXN MONTHLY REPORT
APRIL 2021
NORWAY TECH

2. Norway Tech - April 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 - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Norway Tech Snapshot – April 2021
Norway Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$698M
5
Overall Geo Stats
8
4
9
5
6
Funding Rounds $ Invested Analyst Picks
EnergyNest
Upgraded to
SOONICORN
New Investors
lugardroad.com
Prosus
Series A+ rounds Active Investors IPOs Acquisitions
Motimate#@
Sbanken#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(3 Rounds, $556M)
Asker
(1 Rounds, $131M)
Alesund
(1 Rounds, $8.1M)
Sandvika
(1 Rounds, $3M)
$265M - Series D
Oda (2013, Oslo, $265M)
$265M - Series C
Kolonial.no (2013, Oslo, $320M)
$131M - Series D
EnergyNest (2011, Asker, $131M)
$26M - Series B
Attensi (2012, Oslo, $32.3M)
Prosus
(2 Investments)
(1 Investments)
Viking Venture
(1 Investments)
Infracapital
(1 Investments)
Online Grocery
Oda
Energy Storage Tech
EnergyNest
HRTech
Attensi
Drones
GRIFF Aviation
Market Size
Companies Covered 2,168
Funded Companies 768
Total Funding $2.9B
Funding in last 12 months $1.1B
Top Exits
IPOs 36
Acquisitions 212
Company Stage
Unicorns -
Soonicorns 9
Minicorns 49
Editor Picks 243
Series A+ 177
Series C+ 49
Acqui-Hires 2
Deadpooled 132
Top Cities
Oslo (280 Rounds, $2.0B)
Trondheim (53 Rounds, $110M)
Top Investors
Investinor (52 Investments)
StartupLab (36 Investments)

4. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of April 2021
Norway Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
Oda
(2013, Oslo, $265M)
$265M - Series D SoftBank Vision Fund
Kolonial.no
(2013, Oslo, $320M)
$265M - Series C SoftBank Group Corp
EnergyNest
(2011, Asker, $131M)
$131M - Series D Infracapital
Attensi
(2012, Oslo, $32.3M)
$26.0M - Series B DX Ventures
GRIFF Aviation
(2016, Alesund, $12.1M)
$8.1M - Series A
MeaWallet
(2013, Sandvika, $5.2M)
$3.0M - Seed
*Shows only the lead Investors

5. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in April 2021
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
$131.1M - Series D
EnergyNest (2011, Asker, $131.1M)
Concrete based solid state thermal energy storage
Infracapital
LATE STAGE
$264.9M - Series C
Kolonial.no (2013, Oslo, $320.0M)
Online retailer of grocery items
SoftBank Group Corp, Prosus, Kinnevik,
LATE STAGE
$265.0M - Series D
Oda (2013, Oslo, $265.0M)
Online platform offerings multi-category grocery
products
SoftBank Vision Fund, Prosus
EARLY STAGE
$8.1M - Series A
GRIFF Aviation (2016, Alesund, $12.1M)
Develops drones for military and commercial
applications
EARLY STAGE
$26.0M - Series B
Attensi (2012, Oslo, $32.3M)
Simulation based training
Viking Venture, , DX Ventures
SEED STAGE
$3.0M - Seed
MeaWallet (2013, Sandvika, $5.2M)
TSM and mobile wallet solutions as a service

6. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Norway Tech in April 2021
Norway Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
lugardroad.com
1 portfolio companies |
Attensi
Simulation based training
$26.00M Series B
Prosus
31 portfolio companies | Venture capital firm investing in tech companies
Kolonial.no
Online retailer of grocery items
$265M Series C
Infracapital
1 portfolio companies | Investment firm making infrastructure investments
EnergyNest
Concrete based solid state thermal energy storage
$131M Series D
SoftBank Group Corp
65 portfolio companies | Diversified conglomerate operating across multiple
sectors
Kolonial.no
Online retailer of grocery items
$265M Series C
rema.no
1 portfolio companies | Retailer of multi food products
Kolonial.no
Online retailer of grocery items
$265M Series C
Intuitive Investments Group
5 portfolio companies | Venture capital firm investing in life sciences startups
Cardinor
Biomarker-based assays for cardiovascular diseases
$172K Seed
SoftBank Vision Fund
147 portfolio companies | Venture capital fund backed by Softbank Group
Oda
Online platform offerings multi-category grocery products
$265M Series D
DX Ventures
3 portfolio companies | Venture capital firm investing in tech sectors
Attensi
Simulation based training
$26.00M Series B

7. Norway Tech - April 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 -- Online Own Fleet Grocery Delivery $530M 2 Oda | $265M | Series D
2 --
Renewable Energy Tech > Horizontal > Project Feasibility
> Power Plants
$75.0M 1 Cognite | $75.0M | Series A
3 --
Oil & Gas Tech > Tech for Vertically Integrated Players >
Analytics
$75.0M 1 Cognite | $75.0M | Series A
4 -- Construction Project Management Software $54.0M 1 Volue | $54.0M | Series C
5 -- Smart Grid > Grid Management > Diversified $54.0M 1 Volue | $54.0M | Series C
6 -- Gamification Based Learning $26.0M 1 Attensi | $26.0M | Series B
7 ▲2 Valvular Disorder Therapy Devices $18.5M 1 CardioMech | $18.5M | Series A
8 -- Esports Player Organizations $17.6M 1 Omaken Sports | $17.6M | Series B
9 --
Investment Tech > Wealth Management IT > Portfolio
Management
$12.6M 2 Exabel | $9.0M | Seed
10 -- Software $12.0M 1 Whereby | $12.0M | Series A

8. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Norway Tech in April 2021
Norway Tech: Analyst Picks
8
Upgraded to SOONICORN
EnergyNest (2011, Asker, $131M, Series D)
Concrete based solid state thermal energy storage
Infracapital,European Union,The Research Council of
Norwayand
Upgraded to SOONICORN
Oda (2013, Oslo, $265M, Series D)
Online platform offerings multi-category grocery
products
Prosus,SoftBank Vision Fundand
Added to Editor's Pick
PatientSky (2014, Oslo, Unfunded)
Cloud-based business management tool for the
healthcare industry
Quinary Investmentand
Added to Editor's Pick
Study Portal (2018, Oslo, Unfunded)
SaaS-based platform providing international student
recruitment solutions
Added to Editor's Pick
Trolltunga Robotics (2021, Klepp, Unfunded)
Provider of hardware and software solutions for
robotics
Sprettertand

9. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in April 2021
Norway Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
07 Apr 2021
Motimate(2017, Oslo, $1.8M)
Mobile based corporate training platform
Kahoot
15 Apr 2021
Sbanken(2000, Bergen)
Digital bank for consumers & businesses
DNB $82.2M
19 Apr 2021
Ambita(2009)
Provider of digital services and solutions for the real estate
market
Sikri
26 Apr 2021
DeepWell(2004, Kopervik, $46.2M)
Well intervention company primarily providing wireline services
to oil companies
Archer

10. Norway Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in April 2021
Norway Tech:News
10
Exit News
.
● DNB announces recommended voluntary cash offer to acquire the shares of
Sbanken GlobeNewswire
.
● Oslo-based employee engagement and learning platform Motimate acquired
by Kahoot!Tech.eu
.
● Monterro buys e-health software provider Bliksund Unquote
.
● Archer makes offer for DeepWell Offshore Magazine
.
● DNB announces start of offer period for the recommended voluntary offer
from DNB Bank ASA for the acquisition ... GlobeNewswire
.
● OpenGate buys Kongsberg from Esko PE Hub
.
● Sikri : acquires Ambita in its first step to create a Nordic technology
powerhouse Stock Screener
.
● OpenGate Capital acquires Kongsberg Precision Cutting Systems from Esko
Private Equity Wire
.
People News
.
● IDEX Biometrics - CFO GlobeNewswire

11. Norway Tech - April 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
Competitors of
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

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com