Norway’s shift from traditional industries like oil and gas to tech and innovation has propelled it into the spotlight as a rising star in the startup ecosystem. With the notable success of startups like Kahoot, the country’s entrepreneurial landscape has matured significantly in recent years.
As one of the world’s least corrupt countries and a leader in renewable energy production, Norway’s initiatives, including tax breaks and incentives, have led to remarkable achievements such as boasting the highest number of electric cars per capita globally. It is unsurprising that Norway has witnessed an increase in startups specializing in renewable energy and electric vehicles.
Supported by a robust ecosystem fostered by government policies, including tax incentives, grants, and incubators, Norway has become a magnet for both local and international investors. This concerted effort has not only attracted capital but also nurtured a diverse community of innovators and visionaries.
Furthermore, Norway’s commitment to maintaining a healthy work-life balance ensures that entrepreneurs and employees can thrive while pursuing their passions, contributing to the continued success of the country’s burgeoning startup scene.
In this article, we spotlight 10 of the most promising Norwegian startups, all founded post 2021, to watch out for on in 2024 and beyond!
Databutton
: Oslo-based Databutton develops a low-code app builder platform to help users build and launch AI apps. It allows users to build interactive web applications in minutes using their own datasets or by connecting to a catalog of sources, models, and integrations. Founded in 2021, the company secured €4.7 million to make AI-powered assistants, chatbots, and automation accessible to all.
Fairsight:
Founded in 2022, Fairsight is on a mission to make recruitment processes truly fair and stripped of personal biases, while helping employers recruit both the highest-performing candidates and ensure diversity. Oslo-based startup received €1.8 million in to facilitate both high-performance identification and building a diverse workforce, prioritizing fairness and inclusivity.
OTee: Founded in 2022, OTee specializes in the development of industrial automation software, offering a comprehensive solution for the setup, testing, and safe operation of operational facilities in real time. Oslo-based deeptech startup has closed a €1.25 million investment round to further their position in the Nordics.
Over Easy Solar: Oslo-based Over Easy Solar focuses on delivering prefabricated solar units for flat and green rooftops. The product is unique to the market with vertical bi-facial solar panels, designed for easy installation and maintenance. Founded in 2021, the company successfully raised €3 million to bring decentralized clean energy to the entire market.
Presail: Founded in 2021, Presail is on a mission to accelerate a safe expansion of web3’s growing investment space. The Oslo-based innovators have developed a management platform for community-driven web3 funding. This promising startup has picked up about €3.8 million to develop its management platform for community-driven web3 funding.
Sloyd: Oslo-based Sloyd creates a platform tailored for 3D environments and gaming, functioning as an indexed library of 3D assets. It enables game developers to search for items specific to their virtual worlds. Sloyd’s system offers developers the flexibility to customize models according to their unique requirements. Founded in 2021, the startup raised €832k in funding.
Tana: Oslo-based Tana seeks to revolutionize collaboration between humans, teams, and computers. Founded in 2021, it blends Notion, Roam, and Airtable features for fluid idea flow, teamwork, and structured data. With backing from leading VCs like Northzone, Lightspeed, and firstminute, Tana aims to reshape the productivity software industry.
Tings:
Founded in 2022, Tings is a mobile app designed to assist individuals in organizing, retaining, and selling recyclable and used items they no longer need. Through the development of transformative technologies, Tings aims to foster this pivotal shift towards sustainability. Oslo-based startup secured €1.2 million to encourage others to join in preserving the future through conscientious choices.
Vespa.ai: Trondheim-based Vespa.ai is an innovative search technology powered by an AI engine, optimized for high-speed, large-scale data processing. Founded in 2023, as a spin-out from Yahoo, it raised €28.7 million to invest in building a complete platform for all use cases involving big data and AI online.
Wattif EV: Bergen-based Wattif is advancing the electric vehicle (EV) revolution with its inventive EV charging solutions. Founded in 2021, Wattif EV AS tackles a key concern among EV owners, the availability and speed of charging. Wattif EV secured a €50 million investment to bolster the company’s growth and expansion plans, aiming to establish itself as the premier charging station provider in Europe.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!
Read the orginal article: https://www.eu-startups.com/2024/02/top-10-promising-norwegian-startups-to-watch-out-for-in-2024/
