Series Unknown Funded Startups in Norway
Among the 50 most recent “Series Unknown” rounds shown for Norway, the largest disclosed amount is BW Energy’s $400M on 2025-03-28, which dwarfs the next-l…
Among the 50 most recent “Series Unknown” rounds shown for Norway, the largest disclosed amount is BW Energy’s $400M on 2025-03-28, which dwarfs the next-largest disclosed figures (e.g., Jordanes at $242M on 2025-01-06 and Morrow Batteries at $75M on 2023-09-22). The disclosed amounts also show a wide split between very large rounds (such as Linja’s $66M on 2025-04-11 and OptiNose’s $55M on 2024-05-09) and small disclosed deals like PropL’s $10K on 2023-09-26.
Date-wise, the list spans from 2023-09-07 (Deep Wind Offshore, undisclosed) to 2025-08-08 (Saga Robotics, $11M). Several clusters appear by city, with Oslo recurring across multiple entries (e.g., Norwegian Block Exchange $540K on 2025-07-05; K33 $13M on 2025-06-18; Entra $750K on 2025-03-20), alongside repeated “other” locales like Akershus (e.g., Saga Robotics in Ås; eSmart Systems in Halden) and Trondheim (e.g., Biosergen AS $4M on 2024-11-18; CardioMech $13M on 2024-01-02). Sector concentration is visible through biotechnology-related names appearing repeatedly (e.g., Zelluna Immunotherapy $5M on 2025-03-03; Lytix Biopharma $9M on 2024-12-16; Oncoinvent $12M on 2024-12-04). Amount disclosure is also mixed: 9 of 50 rows are “undisclosed” (e.g., Db Journey on 2025-06-16; Aida Social on 2025-05-15).
Most recent rounds
50 shownRelated listings
Frequently asked
Which disclosed round looks like a true outlier, and what sits just below it?
BW Energy’s $400M on 2025-03-28 is the largest disclosed amount in the list and materially exceeds the next-largest disclosed rounds (Jordanes $242M on 2025-01-06 and OptiNose $55M on 2024-05-09). The gap is large enough that the $242M tier still feels closer to mid-sized rounds than to the $400M outlier.
Do any cities appear repeatedly, suggesting deal flow concentration?
Oslo shows up across many entries with different deal sizes and dates, including Norwegian Block Exchange ($540K on 2025-07-05), K33 ($13M on 2025-06-18), Entra ($750K on 2025-03-20), and Aker ($28M on 2024-04-05). Other locations recur too, but Oslo is the most consistently represented city in the rows shown.
What does the most recent portion of the timeline look like, and how far does it reach?
The newest dated row is Saga Robotics on 2025-08-08 ($11M), while the oldest dated row shown is 2023-09-07 (Deep Wind Offshore, undisclosed). That means the visible window covers nearly two years of “Series Unknown” rounds.
Is biotechnology over-represented among these “Series Unknown” entries?
Biotechnology appears multiple times with distinct companies and disclosed amounts, including Zelluna Immunotherapy ($5M on 2025-03-03), Lytix Biopharma ($9M on 2024-12-16), Oncoinvent ($12M on 2024-12-04), and OptiNose ($55M on 2024-05-09). The repetition is strong enough to call out biotechnology as a repeated sector theme within the list.
How common are undisclosed round sizes, and does that affect outlier detection?
9 of the 50 rows list “undisclosed” amounts (e.g., Db Journey on 2025-06-16 and Aida Social on 2025-05-15), so comparisons rely on the remaining disclosed set. Even with those gaps, the $400M BW Energy round on 2025-03-28 remains the clear disclosed-size outlier, with smaller disclosed deals spanning from PropL’s $10K (2023-09-26) upward.
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