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Norway #22: Venture Breakfast, Slush & Atomico’s Much-Anticipated Annual Report Released.

By 1 December 2023February 12th, 2024No Comments3 min read

Top News

1. VCs and founders gathered for a Venture Breakfast on Day 1 before the opening of Slush at Schibsted’s office with folks from StartupLab, Mesh Community, Schibsted, Spintop Ventures,, Strise and Völur on stage talking about VC and founder strategies. (link)
2. Schibsted received an offer for their shares in Adevinta, where they could receive 24 billion NOK. Schibsted’s Future Report launch event will dive into this topic as well as the funding landscape and AI. (link)
3. Atomico’s Annual State of European Tech report is out. One highlight shows the total capital invested in the EU is predicted to reach $45 billion. Shows a steady growth trajectory in the past decade – minus 2021 and 2022. (link)
4. “Don’t be a Microsoft”. Benchmark took the stage at Slush with four partners talking about their strategy and what their thoughts are on AI amongst other things. Read more on Tech Crunch. (link)
5. Consigli and Spoor have been listed on Slush’s “Nordic Showcase”, a list predicting the next unicorns. (link)
6. Per Ivar, from Shifter, writes about some of the trends for 2024 that were discussed at Slush. (link)
7. Bill Gates on the impact of AI agents in different industries. (link)
8. AI researchers warned of breakthroughs in AI that could harm humanity before Altman’s dismissal. (link)
9. Anne Kristine Lund, founder and CEO at Boitano, shares her opinion on the board’s role with startups. (link)
10. Youwell announces a national tender with the Norwegian health authorities. (link)

Latest on Funding

💰 Idékapital raised 400 million NOK so far for their fund focusing on industrial technology, the goal is to reach between 500 – 700 million NOK. (link)
🎥 Huddly, camera systems, raised 130 million NOK in a private placement. (link)
💰 The Finnish-American fund, Failup Ventures raised €30 million in the first financing round of its fund and will focus on investing in the Nordics and US. (link)
🧶 Knitandnote, a platform for knitters, raised 2.5 million NOK from Papirfly founders Knut Haaland and Per Oldeide. (link)
🤝 Unacast, a location and foot traffic data platform, merges with US-based Gravy Analytics, and plans to increase investments in machine learning. (link)
⚡️ Wattif, end-to-end provider in EV mobility buys charging system Charge365 from Zaptec. (link)

Latest on Talent

✉️ Erik Falk Hansen will depart as CEO of AvantGarde Search and Trine Tolfsby will take over as CEO. (link)

🌳 Marianne Sundsbø leaves NoFence and joins as managing partner for 3K6 Skoginvest. (link)

🐟 Svein Erik Gregersen is the new CEO at Remora Robotics (link)

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