A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Norway has more than 21K+ 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 27 in terms of total Unicorns created, behind Luxembourg (5 unicorns) at rank 26 and Belgium (5 unicorns) at rank 25. 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 $***** Series B funding round, valuing it at $*****.

Manufacturer of digital tablets designed for handwriting sketching and reading. These devices feature tactile surfaces that simulate the physical experience of pen on paper while providing digital tools for editing and organization. The tablets function as focused workspaces that lack notifications or pop-ups to minimize distractions during tasks. Software integration allows users to convert handwritten notes to text and sync documents across mobile and desktop applications. The hardware supports reading, note-taking, and sketching within a unified environment designed to facilitate workflows without traditional digital interruptions.
Key facts about reMarkable
- Founded Year: 2013
- Location: Oslo (Norway)
- Stage: Series B
- Primary Sector: Consumer Electronics E-Commerce
- Time to Unicorn: 9 years 4 months
- Top investors : Spark Capital, Founders Fund
- Valuation: $*****
- Total Funding till date: $15M
- Employee Count: 487 as on Sep 30, 2026
- Latest Funding Round: Series B, May 10, 2022, $*****
Dune Analytics joined the Unicorn Club on Feb 02, 2022 after raising a $***** Series B funding round led by Coatue, valuing it at $*****.

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
- Annual Revenue: $0 - $1M as on Dec 31, 2023
- Valuation: $*****
- Total Funding till date: $79.4M
- Employee Count: 152 as on Sep 30, 2026
- Latest Funding Round: Series B, Feb 02, 2022, $*****
3. Gelato
Gelato joined the Unicorn Club on Aug 16, 2021 after raising a $***** Series D funding round led by Insight Partners, valuing it at $*****.

Print-on-demand platform connecting sellers with global local production and fulfillment. It connects sellers with a global network of local print providers and logistics partners, offering product customization, order fulfillment, and integrations with e-commerce platforms such as Shopify, Etsy, Amazon, and WooCommerce.
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
- Annual Revenue: $50M - $100M as on Dec 31, 2024
- Valuation: $*****
- Total Funding till date: $284M
- Employee Count: 494 as on Sep 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
- Founded Year: 2013
- Location: Oslo (Norway)
- Stage: Series C
- Primary Sector: Online Grocery
- Time to Unicorn: 8 years 5 months
- Top investors : Kreos Capital, SoftBank Vision Fund
- Valuation: $*****
- Total Funding till date: $473M
- Employee Count: 911 as on Sep 30, 2026
- Latest Funding Round: Series C, Dec 06, 2022, $*****
1. Cognite
Cognite joined the Unicorn Club on May 19, 2021 after raising a $***** Series B funding round led by TCV, valuing it at $*****.

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
- Annual Revenue: $50M - $100M as on Dec 31, 2022
- Last Known Valuation: $*****
- Total Funding till date: $225M
- Employee Count: 931 as on Sep 30, 2026
- Latest Funding Round: Series B, Feb 02, 2022, $*****