3 SaaS Startups in Norway

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Norway. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in Norway .

imove

Car subscription SaaS and mobility services are provided by a Nordic corporation. Customers can obtain a weekend automobile when the electrical vehicle is not adequate for their requirements by subscribing to one for daily usage without making any commitments. Additionally, imove provides a technological framework so that other companies might launch their own car-subscription services. A top 5 global automaker is one of the users of the platform.

Company details:
Founders:
Gunnar Birkenfeldt, Hans Aas
Founded:
2018
Based in:
Bergen, Hordaland, Norway
Website:
imove
Industries:
SaaS, Software, Transportation
Latest funding:
$15,416,049
Series A
30 June 2021
Total funding:
$24,531,150
Investors
AutoScout24, Norselab, Nysnø, Idekapital, Hedin Automotive

Semine

The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels. Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)

Company details:
Founders:
Jan Høgetveit, Robert Kristiansen
Founded:
2016
Based in:
Oslo, Oslo, Norway
Website:
Semine
Industries:
Accounting, Artificial Intelligence, Enterprise Software, Information Technology, Payments, Robotics, SaaS, Software
Latest funding:
$3,000,000
Series B
15 July 2022
Total funding:
$24,125,352
Investors
Kistefos Venture Capital, Skagerak Maturo, Amesto Solutions, Adolfsen Group

Xeneta

Xeneta offers real-time, on-demand price transparency for container freight on a single platform. With the use of sophisticated pricing data, benchmark ocean container freight prices. The complete software platform of Xeneta has 160+K trade channels with 45+MN spot and long-term contractual rates. Keep track of changes in the shipping pricing market and guarantee that prices are reasonable. Launched in 2012, Xeneta is headquartered in Oslo, Norway.

Company details:
Founders:
Patrik Berglund, Thomas Sorbo, Vilhelm K. Vardoy
Founded:
2012
Based in:
Oslo, Oslo, Norway
Website:
Xeneta
Industries:
Analytics, Enterprise Software, Logistics, SaaS, Shipping
Latest funding:
$80,000,000
Series D
13 September 2022
Total funding:
$137,185,332
Investors
Creandum, Alliance, Smedvig Capital, Apax Digital, Lugard Road Capital

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