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Here are the 5 hottest startups in Norway

The Next Web

A country of never-ending sunsets, northern lights, and home to over 50 thousand islands and fjords, Norway has always been a haven for nature enthusiasts. Norway is home to one of the fastest growing startup ecosystems in the Nordics. In the first half of 2018, the country raised $185.8 million in investments, a full 76.3

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German startup Isar Aerospace cancels maiden voyage of orbital rocket

Fast Company Tech

A private European aerospace company scrubbed its attempt on Monday to launch the first test flight of its orbital launch vehicle from Norway. Unfavorable winds meant that the Spectrum rocket couldn’t be launched from the island of Andya in northern Norway, Munich-based Isar Aerospace said.

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Arkon Energy raises $110M to grow U.S. bitcoin mining capacity, launch AI cloud service in Norway

TechCrunch

About $80 million will be used to build new data centers in Ohio, North Carolina and Texas as part of a plan to increase the company’s total megawatts by 130% by mid-2024. © 2023 TechCrunch. All rights reserved. For personal use only.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Next stop, Norway. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.

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Oda, the Norwegian grocery delivery startup, raises a fresh $151M, but at a lowered valuation of $353M

TechCrunch

Oda , one of the bigger players in online grocery delivery in Europe with operations in its home market of Norway as well as Finland and Germany, today announced that it had raised 1.5 Rohlik in the Czech Republic, Picnic in the Netherlands and Everli in Italy — says that its Norway operations are profitable. “In

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Autonomous and electric truck company Einride raises $500M in equity and debt

TechCrunch

Einride has already been on something of an expansion drive (so to speak) these past few months, launching in Germany back in September followed by Belgium, the Netherlands, and Luxembourg last week, with plans in place to target Norway too.

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Solar-powered carmaker Lightyear raises $81M and gears up for production

TechCrunch

Lightyear , a Dutch startup developing a long-range hybrid solar-powered car, today announced that it has raised €81 million ($81 million) as it prepares to begin production of its first vehicle in the coming months. Driving change. Asia, among other markets.

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