We hope you’re enjoying your summer! We’ll be taking some time off as well, so the next edition will return on Thursday 27th July. Have a great break! ☀️
Top News
- According to Atomico’s report on the state of European tech, European VCs are outperforming their US counterparts. (link) During Tech Town Hall #6, we will dig deeper into the state of venture. (link)
- Trondheim is a thriving hub for startups. In an interview with Thor Richard Isaksen, CEO at 6AM, he shares his perspective on the entrepreneurial journey and the Trondheim area. (link)
- Skyfall Ventures, will continue investing at a similar rate as they have been doing so far, with no signs of slowing down. Espen Malmo shares more on their approach. (link)
- Norway risks falling behind if the government doesn’t implement tech-focused policies to support growth companies, according to Jo Eikeland Roald from Abelia. (link)
- PortalOne’s The Arcade Show is shortlisted for an Emmy! They’ve been nominated for the “Outstanding Emerging Media Program” award. Congratulations to the whole team! (link)
- Nicolai Strøm-Olsen suggests that Norwegian companies should establish clusters abroad to boost Norwegian exports, and that Norway should not create obstacles for their return. (link)
- Shifter’s analysis of investment rounds show a 35% decrease compared to the same period last year, with fewer larger rounds occurring. (link)
- Alma Clean Power announced its breakthrough test in direct ammonia fuel cell system – the first of its kind. (link)
- Bioenvision has been selected to join the program MobilityXlab which connects mobility industry leaders with startups, including Volvo, Polestar and Ericsson. (link)
- Meta has released Threads, a challenger to Twitter. Within 7 hours of launching, it received 10 million registrations. (link)
Latest on Funding
💰 New investment fund, 3K6, set up by Investinor, KLP and the Norwegian forest industry (through Shelterwood) has a total investment of 300 million NOK from Investinor and KLP. (link)
🫁 Neko Health, co-founded by Daniel Ek raised €60 million Series A, led by Lakestar and joined by Atomico and General Catalyst. (link)
🔬 Biotech startup, ARTBIO raised $23 million in a seed round led by F-Prime Capital and Omega Funds (link)
🛥️ Evoy, electric boat engine builder, raised 75 million NOK led by Axopar and joined by Jakob Hatteland, Johan Brand, Kaptapult Ocean, Klaveness Marine and Grieg Edge. (link)
🚙 Trondelag’s Enua, startup building portable car chargers, raised 32.5 million NOK from Norbit, Proventure and Sarsia (link)
🚜 Viking Arm raised 13.4 million NOK through Folkeinvest, to expand into the market for retractors. This values the company at 60 million NOK after money (link)
🥗 Palett, offering nutritious ready-to-eat food, raised 6.2 million NOK and brought on former managing director of Kolonihagen Christina Finne as chairperson of the board. (link)
🎯 Eduplaytion, edtech startup, receives a grant of 2 million NOK from Innovation Norway, just months after their 20 million NOK investment round. (link)
🏔️ Forte Digital become owners of FRIIO, the app offering service for cabin and holiday home owners. (link)
🖌️ ECIT AS acquires Kreatif, a creative agency from Moss that specializes in online shopping (link)
Join the Mesh Community
