A thriving startup scene is dependent on many parts, but few get as much attention as the investments. Norway has not had a very large professional investment sector, especially looking at the ICT-sector. We have barely been mentioned in overviews from the Nordics, something that can be seen from Arctic Startup´s overview that lists 1 investment in Norway this January (the actual number is 5+).
We have been talking about this and what seems to be a change in the last year(s). Both the ICT-sector and other sectors where Norway has been stronger traditionally are growing. The infographics on the Norwegian startup scene in 2015 made in cooperation with Innovasjon Norge shows that investments are not constrained to a few industries, but are being made into a wide range, from medtech to drones to IoT.
Our friends at The Nordic Web has quickly become the most comprehensive source of data on the Nordic investment environment, and we are very happy to see Norway have a very significant increase quarter over quarter, and with an increase from 9 tech investments in 2014 to 30 in 2015. A significant 233% increase, and accordingly a great increase in amount of capital (246.30%)
There is no doubt that things are pointing upwards for the Norwegian startup scene, with Q4 being a record quarter in terms of money invested in Norwegian startups in 2015.
And with 5+ investments having already being made so far in 2016, and with Telenor acquiring Tapad, founded by Norwegian entrepreneurs Are Traasdahl and Dag Liodden, for $360 million, it looks like 2016 will be even brighter than 2015.