Startup funding in Norway 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Norway raised $139M in 20 venture rounds from January to September 2026, 35th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
Norway had no round of $100M or more in January to September 2026.
Largest round
The largest round was Unleash in Oslo: $35M, Series B, in March 2026.
Cities
Oslo startups raised $107M, 76.9% of the national total, ahead of Fornebu with $16M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 18 rounds, $104M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Oslo | 16 | $107M | $107M | 0 |
| Fornebu | 1 | $16M | $16M | 0 |
| Sandnes | 1 | $10M | $10M | 0 |
| Stavanger | 1 | $6M | $6M | 0 |
| Moss | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Unleash | Oslo | Series B | 2026-03-04 | $35M |
| Photoncycle | Oslo | Series A | 2026-03-04 | $17M |
| Muybridge | Fornebu | Series A | 2026-05-21 | $16M |
| 6 Robotics OÜ | Oslo | seed | 2026-06-29 | $14M |
| Newcode.ai | Oslo | Series A | 2026-08-24 | $14M |
| Total Chess World Championship Tour | Sandnes | seed | 2026-07-27 | $10M |
| Ofiniti | Oslo | seed | 2026-03-18 | $7M |
| OTee | Oslo | seed | 2026-04-28 | $6M |
| Eqon | Stavanger | seed | 2026-06-24 | $6M |
| Stendr | Oslo | pre-seed | 2026-04-15 | $5M |
Method
20 rounds in Norway in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 17 of the 20 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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