Funding news:
Real estate marketing tool Marketer has raised 50MNOK from MP Pensjon, AB Invest, and existing shareholders. Link
Sayfr, software reducing the risk of incidents in organizations, has raised 25MNOK from Corinthian Venture Partners. Link
Carbon accounting tool Energi.ai has raised 15MNOK from Trond Riiber Knudsen, Jakob Hatteland, Peder Nærbø, Stian Rustad, Tjuvholmen Ventures, and others. Link
Presail, a platform for managing web3 investments, has raised 14MNOK in a round led by Skyfall Ventures. Link ($)
Credit management software Axeptia has raised 13MNOK in a round led by Peter Thomsen. Link
Sirken, reducing surplus materials from building projects, has raised 8MNOK from StartupLab, Møller, and others. Link
Manolin, software for predicting the health of farmed fish, has raised 8MNOK (inc. soft funding) from Boost.vc and Hatch. Link ($)
E-sports team Become Legends has raised 8MNOK from Murshid Ali, Petter Berge, and others. Link
Bookd, a platform for connecting artists and private events, has raised 3.5MNOK from Eirik Rime, Murshid Ali, and others. Link
Sustainability reporting tool Ecofric has raised 3MNOK through crowdfunding. Link ($)
Online psychologist service Lifekeys has raised an undisclosed amount from Infocapital. Link
LN Capital, software for speeding up BTC transfers, has raised an undisclosed amount from RunwayFBU, Seetee, and Christoffer Herheim. Link
Storage as a service company Kubert has been acquired by Swedish competitor Vinden. Link ($)
Other notable stories:
Nerd Aid has set up a fundraiser to support Ukraine (through Red Cross). A good initiative to support the Ukrainian people in this meaningless situation, with many startups contributing. Link
Arne Tonning of Alliance Venture on startup investment terms. A very good primer on how to think about contractual terms, and especially his "no go zone" should be mandatory reading for everyone investing in startups. Link
Johan Gjesdal, also of Alliance, with new reflections around current and future Norwegian unicorns. Link
The 2022 version of Financial Times' 1000 fastest-growing companies of Europe, including several Norwegian tech companies. Link
Profile interview with Magnus Wanberg, founder of paper tablet Remarkable. Well deserved recognition. Link
Story on the many new venture funds that have emerged in Norway in the last few years. Link ($)
List of seven of the most prominent Norwegian "web3" companies. Link ($)
Johan Hallesby of Beta Mobility on what's ahead for electric scooters in Norway. Link
Digital electricity company Tibber did 2.96BNOK in revenue last year. Link
From abroad:
Podcast with Frank Slootman, CEO of Snowflake. Heaps of lessons on company building in this hour-long conversation, especially around pace and focus. Link
Abraham Thomas on what might cause a bubble to burst in private markets, in an excellent post called "Minsky Moments in Venture Capital". Very well written, touching on the compressed timelines we've seen across the board the past few years, and how a reversal of this might be what eventually causes a downturn. Link
Keith Rabois on how to run an effective board meeting. While it's from 2019, it's still just as relevant for founders wanting to make the most out of their board members and meetings. Link
Climate crisis tracker: The atmosphere is filling up with CO2. We must avoid a level of 450 parts per million. Current level: 418.6ppm (12 months ago: 416.6ppm, likely to exceed the target in 8-13 years). See also the summary of IPCC's most recent report - definitely not a promising outlook as of now.
Disclaimer: I have direct or indirect ownership in Presail, Axeptia, and Sirken.
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