NorwayPlatform
Europe · Pop. 5.6M · #27 startup ecosystem by EV
1 Overview
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
2 Largest rounds
Largest funding rounds in Norway
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a Norway-headquartered company, grouped by Dealroom sector.
Largest rounds in Norway - 2026
4 VC investment
How much venture capital flows into Norway
VC investment into Norway-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Academia
Norway's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Norway.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | Norwegian University of Science and Technology | Trondheim | 916 | 855 |
| 2 | University of Oslo | Oslo | 571 | 656 |
| 3 | University of Bergen (UiB) | Bergen | 223 | 246 |
6 Location comparison
How Norway stacks up
Compare Norway with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Norway's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 226 | $23.9B | 20.2K |
| 2 | France | $399B | 5.4× | 66 | $8.4B | 9,168 |
| 3 | Netherlands | $324B | 2.8× | 44 | $3.3B | 3,935 |
| 4 | Sweden | $278B | 5.7× | 58 | $3.5B | 3,264 |
| 5 | Switzerland | $213B | 3.5× | 49 | $4.2B | 3,037 |
| 6 | Denmark | $142B | 4.3× | 24 | $1.8B | 1,670 |
| 7 | Belgium | $108B | 7.2× | 12 | $902.7M | 1,903 |
| 8 | Germany | $108B | 1.1× | 93 | $8.2B | 8,788 |
| 9 | Ireland | $104B | 4.9× | 25 | $1.2B | 1,977 |
| 10 | Spain | $98.2B | 5.4× | 18 | $3.3B | 4,599 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,757 |
| 13 | Norway | $65.8B | 8.8× | 15 | $785M | 1,420 |
7 Patent intelligence
Norway startup IP portfolio: 2,546 patent families
Granted patent families assigned to startups headquartered in Norway. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
8 Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Norway dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Norway ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.