Funding news:
Skyfri, solar plant operations, has raised 51MNOK from All Iron Ventures, Speedinvest, Tie Break Ventures, Saber, Greenlight Ventures, Nergaard Investment Partners, and others. Link ($)
Sharebox, maker of self-serve key sharing boxes, has raised 41MNOK from Gumpen Gruppen and others. Link ($)
Text analytics company Anzyz Technologies has raised 40MNOK from Jakob Hatteland, Asteroidebakken, Hodne Invest AS, Maximus Trust, and others. Link
Sustainable concrete maker Saferock has raised 37MNOK from Equinor Ventures, GC Rieber, and Awilco. Link
Health technology company Dignio has raised >35MNOK in a round led by Hugo Maurstad. Link ($)
Rift Labs, LED lights for vertical farmers, has raised 17MNOK in a round led by Karbon Invest. Link
Logistics automation company OmniMod has raised 15MNOK from Element Logic. Link
Lipscore, a platform for customer reviews, has raised 6MNOK in a round led by Leif Jørgen Moger and Midas Group. Link
Dealflow, an invoicing solution for influencers, has raised 4MNOK. Link
Carbon removal company Inherit Carbon Solutions has raised an undisclosed amount from Equinor Ventures, Stratel, and StartupLab. Link
Whee, cargo-bike-as-a-service, has raised an undisclosed amount from Spike Ventures. Link
Battery maker ZNL Energy has raised an undisclosed amount from Jan Børge Sagmo, Finn Blydt-Svendsen, Dag Skansen, and others. Link
Personal finance service Defero has been acquired by Axo Finans for 200MNOK. Link ($)
PE firm Hitecvision has raised a new 10BNOK fund focused on renewable energy. Link ($)
Other notable stories:
Abelia with a report on entrepreneurship in Norway: while Norway is ranked as the best country to start a country in amongst those surveyed, fewer people are starting companies now than during the pandemic (and Norway ranks as no 20). Gloomy stuff. Link
Introduction to Bergen-based VC fund Momentum Partners. Link ($)
Norwegians' reported crypto holdings increased from 8BNOK in 2020 to 20BNOK in 2021. Link ($)
EV charging company Easee with an entertaining attempt at getting a meeting with Elon Musk: Welcome to Musk City. Link
Interview with the team behind mobile game FunRun, on everything from being bootstrapped to their next game. Link ($)
Meeting management software Decisions did 19MNOK in revenue last year. Link
Mobile door opener Unloc did 1.1MNOK in revenue last year. Link ($)
My old colleagues at StartupLab are accepting applications for the thirteenth edition of their accelerator program. Link
From abroad:
Kyle Harrison with a good post on WeWork-founder Adam Neumann's new company Flow, covering many different aspects including why it might make sense to fund this company with $350M. Link
Tomasz Tunguz on how growth is no longer the best predictor of a software company's value - now it's net income. Link
Tom Blomfield, founder of neobank Monzo, on how they got their first 1 million users. Very insightful, especially if you're building something consumer-facing. Link
Climate crisis tracker: The atmosphere is filling up with CO2. We must avoid a level of 450 parts per million. Current level: 417.3ppm (12 months ago: 414.3ppm, likely to exceed the target in 8-13 years).
Disclaimer: I have indirect ownership in Inherit Carbon Solutions
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