Press release -
Ardoq raises NOK 225 million in growth round, welcomes Norselab as investor
Norselab invests in Ardoq in heavily oversubscribed issue round, backing their international expansion.
The Enterprise Architechture company welcomes a series of new investors including both private investors and family offices, pension funds and active funds such as Altitude Capital and Norselab. More than 70 employees are also investing a total of more than $1 million.
Impressed by the team
When considering the investment opportunity, Norselab particularly noticed the team and the maturity of Ardoq’s SaaS solution:
- We have been following the company for several years and are very impressed with what they have achieved during this period. Ardoq has the right product, team and investor base to truly succeed internationally. We look forward to actively contributing to the growth trajectory the company is on," says Aksel Lund Svindal, partner in Norselab.
He further explains that Norselab is very happy to collaborate with existing owners Firda and Idékapital, who are both highly experienced within growth investments
Ambitious growth plans
The newly appointed Chairman Haakon H. Jensen emphasizes that the new capital base of the company allows for even more aggressive growth plans.
- Both the familiarity and brand of Ardoq are strengthened worldwide, and it is actually in the United States that we are growing the most with an income increase of almost 200 percent last year. We have a very robust technology platform that can be scaled, Jensen affirms.
Ardoq is a SaaS company reinventing Enterprise Architecture (EA) for today’s digital enterprise. Their platform helps Understand how applications, people, processes, and data interconnect. This makes Ardoq a key tool for businesses’ digital transformation journeys
Much-needed tool
According to CEO Erik Brakstad, companies around the world are now looking for such a tool.
- There is a tremendous complexity that arises when people, processes, systems, data and infrastructure are to be modernized in a coordinated way. We are continuously updating the Ardoq platform to meet the evolving needs of customers and see tremendous market opportunity based on the growing rate of digital transformation across industries, he states.
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Norselab is a leading Norwegian growth fund established in 2020 that invests in industry-related, data-driven technology companies with a clear contribution to the UN's sustainability goals. The team behind Norselab are seasoned entrepreneurs themselves, with a high level of expertise in scaling and growing technology companies. Through active involvement in the portfolio companies, the fund wants to ensure that more Norwegian technology companies achieve international success.
