Funded Startups in Norway
Norway’s largest disclosed round is PolarDC Group’s $932M (2026-06-01), and it dwarfs the next-largest disclosed amounts, with Entra at $157M (2026-04-09)…
Norway’s largest disclosed round is PolarDC Group’s $932M (2026-06-01), and it dwarfs the next-largest disclosed amounts, with Entra at $157M (2026-04-09) and the rest of the top disclosed entries clustered between $76M and $35M (Actithera $76M on 2025-07-09; Norwegian Property $74M on 2026-06-15; Magnora Data Center $70M on 2026-06-03; Corvus Energy $60M on 2025-10-12). Most deals in this view are densely time-packed: the oldest shown date is 2025-06-18 (K33) and the most recent is 2026-07-27 (Total Chess World Championship Tour), with several large checks concentrated in 2026 (e.g., Norwegian Property $74M on 2026-06-15; Magnora Data Center $70M on 2026-06-03). City concentration is also clear, with Oslo appearing repeatedly (27 entries) alongside Trondheim (3) and Fornebu (3). Sector-wise, AI/ML and biotech show up multiple times, and stage disclosure is dominated by “Series Unknown” (a large majority of rows), with early-stage seed activity visible but not the only pattern.
Most recent rounds
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Frequently asked
What stands out in deal size, and how extreme is the top round compared to the rest?
PolarDC Group’s $932M (2026-06-01) is the only disclosed amount above the $100M range; the next-largest disclosed entry is Entra at $157M (2026-04-09), and the top 8 disclosed amounts then step down into $76M–$35M (Actithera $76M on 2025-07-09; Norwegian Property $74M on 2026-06-15; Magnora Data Center $70M on 2026-06-03).
Are there time clusters in the most recent Norway rounds shown here?
Yes. Several of the largest disclosed rounds land in 2026, including Magnora Data Center $70M (2026-06-03), Norwegian Property $74M (2026-06-15), and Hofseth BioCare $15M (2026-06-26) alongside PolarDC Group $932M (2026-06-01). The overall window runs from 2025-06-18 (oldest: K33) to 2026-07-27 (most recent: Total Chess World Championship Tour).
Which city locations look over-represented in this list?
Oslo is the clear hub, appearing in 27 of the 50 rows. Trondheim appears 3 times and Fornebu appears 3 times, while the remaining locations are single-appearance entries (for example, Tromsø: Lytix Biopharma on 2026-02-10; Bergen: Lace Lithography on 2025-12-04).
How does the stage mix look, given the number of undisclosed rounds?
Stage names are frequently not specified: “Series Unknown” dominates the 50-row view, and 8 of 50 entries are explicitly undisclosed on amount (e.g., Submerged on 2026-05-07; Nordic Ferry Infrastructure on 2026-04-09). Among disclosed amounts, the smallest disclosed round is Aurora Analytica at $50K (2025-10-22), versus multi-million checks like Munibee’s undisclosed amount (2026-03-05).
Are there sectors with repeated representation in these rows, and do any sectors behave like outliers on size?
Biotechnology appears repeatedly (e.g., Zelluna Immunotherapy $2M on 2026-06-29; Hofseth BioCare $15M on 2026-06-26; Lytix Biopharma $2M on 2026-02-10), and AI also repeats (e.g., Magnora Data Center $70M on 2026-06-03; Roboxi $15M on 2026-05-21; Riff $16M on 2025-10-23). The size outlier is not tied to one small sector cluster: PolarDC Group’s $932M (Hardware) creates a gap relative to the rest of disclosed rounds.
What are the most notable recent large disclosed rounds to triage first for outreach or diligence?
Within the latest months, the largest disclosed entries include PolarDC Group $932M (2026-06-01), Norwegian Property $74M (2026-06-15), Magnora Data Center $70M (2026-06-03), and MPC Container Ships $11M (2026-06-30). For earlier in the window, Actithera closed $76M (2025-07-09) and Corvus Energy closed $60M (2025-10-12), which remain among the top disclosed amounts in the table.
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