Top News

1. VCs including Crowberry Capital and Creandum shared their predictions for 2024. (link)
2. Shifter’s analysis of Norway’s 2023 capital market, highlights large investments in battery companies, health tech, AI, and robotics. (link)
3. Active investors are declining in the US according to data from Pitchbook. (link)
4. In his essay, Nnamdi Iregbulem, argues that investors have raised their expectations for Series A rounds and don’t see Series A as indicative of product market fit. Worth the read. (link)
5. In 2023, big tech companies significantly invested in AI startups, contributing to two-thirds of the total $27 billion invested in AI. (link)
6. Bloomberg’s 2024 Workplace Trends article features Naer, Norwegian mixed reality startup.(link)
7. New York Times sues OpenAI for copyright infringement. (link)
8. Aiba partners with the police for AI training against online abuse. (link)
9. Consigli and Entra will collaborate by integrating AI into all of Entra’s real estate projects. (link)
10. Entrepreneurs Svein Willassen and Dag-Inge Aas who sold Confrere to Daily, are starting their next endeavour. (link)

Latest on Funding

😄 Hadean Ventures closed their Hadean Capital II fund at $144 million, investments are from new and existing investors. The fund will focus on healthcare startups. (link)

🦆 SolarDuck, a Dutch Norwegian cleantech startup, raised €15 million from existing and new investors including Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam and Invest-NL. (link)

🫀 CardioMech, creating catheter-based therapy, raised $13 million in an oversubscribed round. (link)

☀️ Photoncycle, deep tech company working to solve Europe’s energy challenges, raised 35 million NOK from Lifeline Ventures. (link)

🪁 Kitemill, a renewable energy startup, raised 18 million NOK from Dutch investor Andre Polderman. (link)

🕶️ HoloCare received CE approval for their 3D technology and has been selected to receive almost 100 million NOK from the EU’s Horizon funds. (link)

🚀 Ducky, climate tracking software, gets Visma onboard. Amount and details are undisclosed. (link)

Latest on Talent

🇳🇴 🇩🇰 🇸🇪 The latest data and milestones from The Hub. (link)

♻️ Mari Larsen Sæther join TOMRA Textiles (link)

📈 Former founder of Arundo Analytics and ex-McKinsey, Tor Jakob Ramsøy joins Kverva, an investment firm headquartered in Trondheim. (link)

💸 Are Meisfjord steps down as CTO at Tripletex and announced he will focus more on investments. (link)