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1. TRACXN MONTHLY REPORT
JUNE 2021
NORWAY TECH

2. Norway Tech - June 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 - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Norway Tech Snapshot – June 2021
Norway Tech: Snapshot – June 2021
Note : "Investors" refers to "Institutional Investors" only
3
$50.7M
3
Overall Geo Stats
8
6
18
6
4
Funding Rounds $ Invested Analyst Picks
Oda Upgraded to
UNICORN
New Investors
Alphabit
AU21 Capital
Series A+ rounds Active Investors IPOs Acquisitions
ZEM#@
Encap Security#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(3 Rounds, $47.3M)
Hamar
(1 Rounds, $3.4M)
$28.5M - Series C
Xeneta (2012, Oslo, $55.6M)
$14M - Series B
Memory (2013, Oslo, $20M)
$4.8M - Series D
Oda (2013, Oslo, $325M)
$3.4M - Seed
Iagon (2017, Hamar, $3.4M)
Investinor
(2 Investments)
Creandum
(1 Investments)
Concentric Ventures
(1 Investments)
SANDEN HOLDINGS
CORPORATION
(1 Investments)
Logistics Tech
Xeneta
Data as a Service
HRTech
Memory
Product Management Tools
Market Size
Companies Covered 2,297
Funded Companies 802
Total Funding $3.2B
Funding in last 12 months $1.2B
Top Exits
IPOs 36
Acquisitions 224
Company Stage
Unicorns 2
Soonicorns 8
Minicorns 51
Editor Picks 256
Series A+ 180
Series C+ 51
Acqui-Hires -
Deadpooled 136
Top Cities
Oslo (288 Rounds, $2.1B)
Trondheim (54 Rounds, $110M)
Top Investors
Investinor (52 Investments)
StartupLab (36 Investments)

4. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of June 2021
Norway Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2021)*
Xeneta
(2012, Oslo, $55.6M)
$28.5M - Series C Creandum
Memory
(2013, Oslo, $20.0M)
$14.0M - Series B SNO Ventures
Oda
(2013, Oslo, $325M)
$4.8M - Series D
Iagon
(2017, Hamar, $3.4M)
$3.4M - Seed Ledgerlink Labs
*Shows only the lead Investors

5. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in June 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
$4.8M - Series D
Oda (2013, Oslo, $324.9M)
Online platform offerings multi-category grocery
products
LATE STAGE
$28.5M - Series C
Xeneta (2012, Oslo, $55.6M)
Provider of a freight rate market intelligence platform
Creandum, Investinor
EARLY STAGE
$14.0M - Series B
Memory (2013, Oslo, $20.0M)
AI-based time tracking software
Melesio, SANDEN HOLDINGS CORPORATION,
Investinor, Concentric Ventures, SNO Ventures
SEED STAGE
$3.4M - Seed
Iagon (2017, Hamar, $3.4M)
Decentralized Supercomputers solutions
Ledgerlink Labs, Blockchain Israel, AU21 Capital, ,
Alphabit, and 8 more

6. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Norway Tech in June 2021
Norway Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Alphabit
19 portfolio companies | Cryptocurrency investment fund
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
AU21 Capital
43 portfolio companies | Venture capital firm investing in blockchain sectors
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
GBV
21 portfolio companies | GBV - GBV Capital
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
SANDEN HOLDINGS CORPORATION
1 portfolio companies | Manufacturer and supplier of air conditioning system
Memory
AI-based time tracking software
$14.00M Series B
PANONY
1 portfolio companies | PANONY - Incubator, Investor and Advisor for Crypto
and Blockchain Businesses
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
Blockchain Israel
1 portfolio companies | Blockchain Israel
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
Ledgerlink Labs
1 portfolio companies | Ledgerlink Labs | Full Stack Crypto Advisory | Since 2015
Iagon
Decentralized Supercomputers solutions
$3.40M Seed
Launchpool
1 portfolio companies | Limited information available
Iagon
Decentralized Supercomputers solutions
$3.40M Seed

7. Norway Tech - June 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 ▲4 Valvular Disorder Treatment Devices $18.5M 1 CardioMech | $18.5M | Series A
7 -- eSports Player Organizations $17.6M 1 Omaken Sports | $17.6M | Series B
8 -- Project Time Tracking Software $14.0M 1 Memory | $14.0M | Series B
9 -- Time Tracking $14.0M 1 Memory | $14.0M | Series B
10 -- Autoimmune Disorders Drugs $13.2M 1 Arxx Therapeutics | $13.2M | Seed

8. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Norway Tech in June 2021
Norway Tech: Analyst Picks
8
Upgraded to UNICORN
Oda (2013, Oslo, $1.5M, Seed)
Online platform offerings multi-category grocery
products
Alliance Venture, Skyfall Ventures,
RASMUSSENGRUPPEN and 5 other Investors
Upgraded to SOONICORN
Xeneta (2012, Oslo, $8.2M, Series B)
Provider of a freight rate market intelligence platform
Investinor, Creandum, Alliance Venture and 2 other
Investors
Added to Editor's Pick
APIM Therapeutics (2009, Trondheim, $3.0M,
Series A)
Develops anti-cancer therapies potentiating
chemotherapy induced responses in cancer cells
Televenture, Ventac Partners, Birk Venture and 3 other
Investors
Added to Editor's Pick
Unleash (2015, Fornebu, Unfunded)
Cloud-based feature management solutions provider
Frontline Venturesand
Added to Editor's Pick
Völur (2019, Oslo, Unfunded)
Provider of AI-based supply chain solutions for the
meat industry
Pangstartand
Added to Editor's Pick
Odda Parking (2018, Odda, Unfunded)
App-based platform offering parking space booking
services

9. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in June 2021
Norway Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
02 Jun 2021
ZEM(1993, Oslo)
Developer of lithium ion batteries for maritime applications
Volvo Penta
02 Jun 2021
Encap Security(2007, Fornebu, $2.0M)
Two-Factor Authentication & Digital Signing
Signicat
04 Jun 2021
Element Logic(1985, Klofta)
Warehouse management system to optimize warehouse space
Castik Capital
21 Jun 2021
Imatis(2007, Porsgrunn)
A provider of IT tools for clinical workflow, logistics, unified and
intelligent communication and messaging for health care
dnv.com
29 Jun 2021
Hyon(2017, Oslo)
Provider of hydrogen production and storage solutions
sagapure.com
30 Jun 2021
Lekekassen(2013, Kristiansand)
Online retailer offering multi-category toys for kids
Europris $58.5M

10. Norway Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in June 2021
Norway Tech:News
10
Exit News
.
● Vipps merges with Danske Bank's MobilePay and Finland's Pivo in face of
global competition Telecompaper
.
● UK competition watchdog approves Adevinta acquisition of Ebay classified ads
unitFashion Network
.
● Gnosis by Lesaffre Enhances Vitamin K2 Offering with Acquisition of
NattoPharma Business Wire
.
● Saga Pure ASA: Acquires Hyon And Partners With Nel ASA & Norwegian
Hydrogenfuelcellsworks.com
.
● Robotics Firm AutoStore Plans IPO at $10 Billion Value BloombergQuint
.
● Element Logic announces partnership with Castik Capital Element Logic
.
● Volvo Penta acquires majority stake in Norwegian marine battery systems
company Energy Live News
.
● Signicat buys SCA specialist Encap Security Finextra
.
People News
.

11. Norway Tech - June 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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