Oslo
Introduction
The startup and investment ecosystem in Oslo has experienced a tremendous development in the last 5 years and is now one of the top 15 cities for VC investments in Europe. Climate tech, health tech and life science are sectors that stand out on raising VC investments. Oslo still has a lot of potential to attract international investors and talent to the home of more than 2000 startups and an increasing number of scaleups.
Tonje Ørnholt, Head of investment, Oslo Business Region
Discover innovative companies, investors and ecosystem players in Oslo.
Venture Capital
Discover 1.5K+ funding rounds in Oslo startups who have seen over a 2x increase in VC investment since 2019 and a record $1.7B raised in 2021.
By Stage
Below we break venture capital into three distinct stages:
- Early stage ($0-15M rounds)
- Breakout stage ($15-100M rounds)
- Late stage ($100M+ rounds)
This provides more consistent and timeless segmentation of the startup & venture capital landscape (more so than self-reported round labelling, which are applied inconsistently, especially between business cycles).
Early stage
Access early-stage funding rounds into Oslo startups here on the platform.
Breakout stage
Access breakout-stage funding rounds into Oslo startups here on the platform.
Late stage
Access late-stage funding rounds into Oslo startups here on the platform.
Position in Norway
Oslo has captured more than 60% of VC activity in Norway in the last five years.
By industry
Industry analysis
The top three industries in Oslo for VC investment raised in 2023 were Energy, Transportation, and Health.
See below for the leading industry in 2024 to date.
Segment analysis
See below for the leading segment in 2024 to date.
Investors
The following table showcases the most active domestic and foreign investors in the Oslo ecosystem.
Discover 400+ local investors active in Oslo.
Source of capital
Oslo startups raise a significant share of their VC Investment domestically. Over the last 5 years, roughly 30% of funding rounds have been raised by investors in Oslo and about 10% have come from the rest of Norway.
Explore rounds with foreign investor participation here.
Unicorns and promising companies
Over just 5 years, Oslo grew from one unicorn to being home to nine $1B+ companies. Oslo is the birthplace of private unicorns and $1B exits such as Kahoot and ReMarkable.
Discover Oslo's unicorns and $1B exits here and future unicorns here.
Discover the top Oslo startups to watch based on the Dealroom signal, surfacing the most promising upcoming funding opportunities in Oslo.
To learn more about the Dealroom signal and its latest features, consult our knowledge base.
International Comparisons
City benchmarking
Oslo ranks amongst the top 15 European cities for VC investment.
Compare startup ecosystem metrics against its European and global counterparts down below or here on the Dealroom platform.
Country benchmarking
Norway currently ranks within the top 15 countries in terms of VC investment in Europe.
Compare startup ecosystem metrics against its European and global counterparts down below or here on the Dealroom platform.
Related Content
Oslo Ecosystem Data: Discover Oslo´s most promising companies and put your startup on the map on the the Oslo Business Region Ecosystem platform.
Dealroom Data: Explore all funded startups in Oslo.
Dealroom Data: Explore all funding rounds in Oslo.