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1. TRACXN MONTHLY REPORT
DECEMBER 2020
NORWAY TECH

2. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Norway Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
Top Funded Business Models - last 1 year 6
Acquisitions 7
Recent News 8

3. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Norway Tech Snapshot – December 2020
Norway Tech: Snapshot – December 2020
Note : "Investors" refers to "Institutional Investors" only
3
$1.2M
-
Overall Geo Stats
1-
21
Funding Rounds $ Invested Analyst Picks
Prediktor!@#
New Investors
Series A+ rounds Active Investors IPOs Acquisitions
Porterbuddy#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Oslo
(1 Rounds, $1.2M)
$1.2M - Seed
Globus (2017, Oslo, $1.2M)
Vertical Business Intelligence
Globus
Healthcare IT
Market Size
Companies Covered 2,000
Funded Companies 709
Total Funding $2.1B
Funding in last 12 months $358M
Top Exits
IPOs 34
Acquisitions 198
Company Stage
Unicorns -
Soonicorns 9
Minicorns 45
Editor Picks 229
Series A+ 168
Series C+ 44
Acqui-Hires 2
Deadpooled 128
Top Cities
Oslo (262 Rounds, $1.3B)
Trondheim (53 Rounds, $107M)
Top Investors
Investinor (51 Investments)
StartupLab (36 Investments)

4. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Norway Tech as of December 2020
Norway Tech: Investment Snapshot
4
# Rounds$ Funding
Investment Trend Top Investments (December 2020)*
Globus
(2017, Oslo, $1.2M)
$1.2M - Seed
*Shows only the lead Investors

5. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Norway Tech in December 2020
Norway Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
SEED STAGE
$1.2M - Seed
Globus (2017, Oslo, $1.2M)
Provider of an AI and SaaS based staffing and
recruitment management solutions for healthcare
industry

6. Norway Tech - December 2020 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.
6
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Industrial Process Analytics $75.0M 1 Cognite | $75.0M | Series A
2 --
Renewable Energy Tech > Horizontal > Project Feasibility
> Power Plants
$75.0M 1 Cognite | $75.0M | Series A
3 ▲11
Renewable Energy Tech > Horizontal > Portfolio
Management Software
$54.0M 1 Volue | $54.0M | Series C
4 ▲6 Valvular Disorder Therapy Devices $18.5M 1 CardioMech | $18.5M | Series A
5 -- Agricultural Robots $11.3M 1 Saga Robotics | $11.3M | Series B
6 -- Crop Tech > Autonomous Farming > Diversified $11.3M 1 Saga Robotics | $11.3M | Series B
7 -- CHP Solid Oxide Fuel Cells $11.2M 1 ZEG Power | $11.2M | Series B
8 --
Geographic Information Systems > Location Analytics >
Natural Resources
$8.6M 1 Earth Science.. | $8.6M | Series B
9 -- Internet First Invoice Financing Marketplace $7.5M 1 Aprila Bank | $7.5M | Series A
10 -- Digital Native Banks for Businesses $7.5M 1 Aprila Bank | $7.5M | Series A

7. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Norway Tech in December 2020
Norway Tech: Acquisitions
7
Acq. Date Company Acquirer Deal Size
03 Dec 2020
Porterbuddy(, Oslo)
Providing delivery solutions to logistics and ecommerce
companies
Canica

8. Norway Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Norway Tech in December 2020
Norway Tech:News
8
Exit News
.
● eBay planning sale of classifieds arm to Norwegian firm New York Post
.
● Nordic Semiconductor expands into Wi-Fi by acquiring the entire Wi-Fi
development team, core Wi-Fi expertise, ... CNW
.
● Crayon agrees to buy Sensa from Siminn for ISK 3.25 bln Telecompaper

9. Norway Tech - December 2020 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
9
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

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