Amount$35M
Post-money valuation$195M
SeriesSeries B
AnnouncedApr 23, 2022
RegionNorway
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution58th pct
smaller Series B roundslarger
Post-money valuation18th pct
$35Mthis round: $195M$2.6B
