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NorwayPlatform

Europe · Pop. 5.6M · #27 startup ecosystem by EV

A public taster of the full Norway ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

🦄 New unicorns by year
0
Annual $1B+ outcomes, unsmoothed
🐎 Cumulative thoroughbreds
18
Company revenue history, 2016-2025
Enterprise value
$67.1B
Actual EV series, 2015-2025

Largest rounds

Largest funding rounds in Norway

A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into a Norway-headquartered company, grouped by Dealroom sector.

Largest rounds in Norway - 2026

Every $100M+ VC round into Norway-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

Startup hubs

Inside Norway: top 2 startup hubs

Sub-national ecosystems ranked by combined enterprise value, paired with their 5-year growth multiplier.

By enterprise value
1 Oslo $51.8B
2 Bergen $2.6B
By 5-yr EV growth
1 Oslo 11×
2 Bergen 3.8×

Startup funnel

Norway's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
723
Seed
372
Series A
282
Series B
86
Series C
47
Unicorn
14
Decacorn
1

* 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.

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. Live from the Dealroom Next Gen API.

Notable companies

Top private companies in Norway

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 1
Visma
Unicorns $1B+ valuation 14
SbankenAutostoreRemarkableOperaLink MobilityT1 EnergyForgeRockNykode TherapeuticsCogniteGelatoScatecThe StepStone GroupKahoot!Dune Analytics
Thoroughbreds+ $100M+ revenue 20
VismaLink MobilityOperaAutostoreScatecThe Qt CompanyZaptecCogniteOtovoTibberB2 ImpactRemarkableOdaAker HorizonsAker BioMarineArtec AquaUltimovacsThe StepStone GroupECITKahoot!

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-linked startup formation
132
University spinouts
973
Total alumni-founded companies
746
Of which startups (<$15M raised)
179
Breakouts ($15M-100M)
48
Scaleups ($100M+)

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.

$213B
$142B
$108B
$105B
$98.5B
$79.1B
$66B
Norway
$65.8B

Combined enterprise value of each ecosystem.

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.

Granted patent families
2,546
Filed by tracked startups headquartered in the country.
457 patents per million residents · #21 globally
Top patenting hubs
1 Greater Oslo Region 2,379
2 Bergen Metropolitan Area, Norway 167

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.

Sector breakdown
Where Norway's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Norway's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Norway's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Norway's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Norway
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Norway
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Get the full Norway ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.