A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Norway has more than 18.2K+ startups. Of these, 5 have become Unicorns, with the latest entrant to the club being reMarkable on May 10, 2022. In 2026, Norway has seen no new unicorn startups.
Globally, Norway is number 26 in terms of total Unicorns created, behind Nigeria (5 unicorns) at rank 25 and Luxembourg (5 unicorns) at rank 24. Oslo leads the list of cities in Norway with most unicorns at 4. It is followed by Lysaker (1 unicorn). Among sectors, Consumer has seen the most unicorns created at 3, followed by Enterprise Applications at 2, and Retail at 2
Here is a list of all 5 unicorns created in Norway:
5. reMarkable
reMarkable joined the Unicorn Club on May 10, 2022 after raising a Undisclosed Series B funding round, valuing it at $1B.
Developer of paper tablets and related software for focused work. The company provides digital notebooks designed to replicate a paper-like writing experience. These tablets offer tools for organization, handwriting search, and cloud storage. The company also offers applications for computers and mobile devices, enabling users to access and refine their notes across multiple platforms.
Key facts about reMarkable
- Founded Year: 2013
- Location: Oslo (Norway)
- Stage: Series B
- Primary Sector: Stationery E-Commerce
- Time to Unicorn: 9 years 4 months
- Top investors : Spark Capital, Founders Fund
- Valuation: $*****
- Total Funding till date: $15M
- Employee Count: 603 as on Apr 30, 2026
- Latest Funding Round: Series B, May 10, 2022, $*****
Dune Analytics joined the Unicorn Club on Feb 02, 2022 after raising a $69.4M Series B funding round led by Coatue, valuing it at $1B.
Data and analytics solutions for cryptocurrency. It enables users to explore and share data from Ethereum Mainnet, Matic, Optimism, and xDai. Its features are key metrics for DeFi and NFTs, query for human-readable data with SQL, smart contract-enabled analysis, and more.
Key facts about Dune Analytics
- Founded Year: 2018
- Location: Oslo (Norway)
- Stage: Series B
- Primary Sector: Cryptocurrencies
- Time to Unicorn: 4 years 1 month
- Top investors : Redpoint Ventures, Union Square Ventures
- Valuation: $*****
- Total Funding till date: $79.4M
- Employee Count: 149 as on Apr 30, 2026
- Latest Funding Round: Series B, Feb 02, 2022, $*****
3. Gelato
Gelato joined the Unicorn Club on Aug 16, 2021 after raising a $240M Series D funding round led by Insight Partners, valuing it at $1.05B.
Provider of SaaS-based solutions for dropshipping customized products. The company offers solutions for on-demand printing of customized products such as apparel, drinkware, phone cases, decor, and more. Its mobile application is available on Android and iOS platforms.
Key facts about Gelato
- Founded Year: 2007
- Location: Oslo (Norway)
- Stage: Series D
- Primary Sector: E-Commerce Enablers and Logistics Tech
- Time to Unicorn: 14 years 7 months
- Top investors : SEB, SoftBank Group
- Valuation: $*****
- Total Funding till date: $269M
- Employee Count: 488 as on Apr 30, 2026
- Latest Funding Round: Series D, Aug 16, 2021, $*****
2. Oda
Oda joined the Unicorn Club on Jun 06, 2021
Online platform offerings multi-category grocery products. It offers fruits & vegetables, meat & seafood, rice & spices, and more. Its application features include in-built payment, scheduled delivery, order tracking, and more. The company offers mobile applications for Android and iOS platforms.
Key facts about Oda
1. Cognite
Cognite joined the Unicorn Club on May 19, 2021 after raising a $150M Series B funding round led by TCV, valuing it at $1.6B.
Provider of industrial artificial intelligence and data management platform solutions. The platform unifies and contextualizes industrial data, enabling users to automate complex operations. It offers tools for data onboarding, exploration, and pre-built applications for various workflows. The platform is designed to scale digital transformation across different assets and sites. It empowers teams to enrich operations with trustworthy data.
Key facts about Cognite
- Founded Year: 2016
- Location: Lysaker (Norway)
- Stage: Acquired
- Primary Sector: Digital Twin, Oil & Gas Tech, Manufacturing Tech and IoT Applications
- Time to Unicorn: 5 years 4 months
- Top investors : TCV, Aramco
- Last Known Valuation: $*****
- Total Funding till date: $225M
- Employee Count: 871 as on Apr 30, 2026
- Latest Funding Round: Series B, Feb 02, 2022, $*****
