DNB Bank

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo, providing a comprehensive range of financial products and services for both retail and corporate customers. Its personal banking offerings include savings accounts, loans such as mortgages and consumer loans, and various insurance products. For business clients, DNB offers financing options, transaction banking, investment services, and advisory services, including mergers and acquisitions. The bank serves diverse sectors, including energy, healthcare, manufacturing, and technology, and distributes its offerings through branches, online platforms, and customer service centers. Founded in 1822, DNB has established itself as a prominent player in the Norwegian financial landscape, catering to a wide array of customer needs with a focus on accessibility and comprehensive service.

Thor Tellefsen

Senior Vice President and Head of Long Term Funding

Past deals in Oslo

Space Norway

Funding Round in 2019
Space Norway formerly known Norsk Romsenter Eiendom, specializes in providing satellite mobile broadband coverage to civilian and military users in the Arctic. It has a disposal satellite-based communications capacity providing coverage of the Troll Research Station in Antarctica. The solution onboard the Thor 7 satellite has been developed in cooperation with Telenor. The company is driven by a mission to own and lease out space-related infrastructure, and to make other investments in space-related activities. Space Norway is also the owner of Statsat AS, a company that manages small satellites owned by the Norwegian state, such as AISSat-1 and -2 and Norsat-1 and -2. Space Norway was founded in 1995 as a subsidiary of the Norwegian Space Centre to operate as a vehicle for the Centre’s operational activities.

Unite Living

Venture Round in 2019
Unite Living AS operates an online platform that facilitates the search for compatible roommates based on shared characteristics, personality traits, and interests. The company offers an automated system that connects residential property owners with groups of tenants seeking shared living arrangements. This service addresses the challenge of finding suitable roommates, thereby enhancing the likelihood of harmonious cohabitation. Additionally, Unite Living provides rental management software that includes features such as billing, accounting, advertising, and multi-signing services, allowing landlords to efficiently manage their properties. Founded in 2016 and based in Fornebu, Norway, Unite Living was previously known as Uninite AS.

Luca

Seed Round in 2018
Artificial intelligence for accounting.

Payr

Seed Round in 2018
Payr AS is a financial technology company based in Oslo, Norway, founded in 2016. It has developed a mobile payment application that allows users to pay invoices flexibly using various methods such as bank accounts, debit or credit cards, and digital wallets. The platform enhances the payment experience by analyzing users' expenditures and offering suggestions for more cost-effective or higher-quality alternatives for financial products, including loans, currency exchange, and insurance. By providing a comprehensive marketplace, Payr aims to improve users' financial well-being and empower them to make informed decisions regarding their financial services. As of November 30, 2019, Payr operates as a subsidiary of Hudya AB.

Payr

Seed Round in 2018
Payr AS is a financial technology company based in Oslo, Norway, founded in 2016. It has developed a mobile payment application that allows users to pay invoices flexibly using various methods such as bank accounts, debit or credit cards, and digital wallets. The platform enhances the payment experience by analyzing users' expenditures and offering suggestions for more cost-effective or higher-quality alternatives for financial products, including loans, currency exchange, and insurance. By providing a comprehensive marketplace, Payr aims to improve users' financial well-being and empower them to make informed decisions regarding their financial services. As of November 30, 2019, Payr operates as a subsidiary of Hudya AB.

Payr

Seed Round in 2017
Payr AS is a financial technology company based in Oslo, Norway, founded in 2016. It has developed a mobile payment application that allows users to pay invoices flexibly using various methods such as bank accounts, debit or credit cards, and digital wallets. The platform enhances the payment experience by analyzing users' expenditures and offering suggestions for more cost-effective or higher-quality alternatives for financial products, including loans, currency exchange, and insurance. By providing a comprehensive marketplace, Payr aims to improve users' financial well-being and empower them to make informed decisions regarding their financial services. As of November 30, 2019, Payr operates as a subsidiary of Hudya AB.

Chooose

Angel Round in 2017
CHOOOSE AS, based in Oslo, Norway, specializes in carbon offset solutions by purchasing carbon credits and deleting CO2 emission quotas. The company offers a platform that enables consumer-facing enterprises to integrate climate compensation options into their e-commerce checkouts and applications, facilitating a seamless experience for millions of customers. Founded in 1997, CHOOOSE has received recognition for its innovative approach, being named Norway's startup of the year in 2017 and ranking among the top ten global tech startups by Sir Richard Branson and the Extreme Tech Challenge. Additionally, CHOOOSE sells gift cards online, further enhancing its consumer engagement.

SantoSolve

Venture Round in 2007
SantoSolve AS is a biotech company based in Oslo, Norway, founded in 1994, specializing in the development of topical analgesic products for pain management. The company's lead product, 2PX, is formulated for topical administration using non-radioactive strontium as the active ingredient, which has demonstrated strong local analgesic effects for both nociceptive and neuropathic pain conditions. SantoSolve's approach is designed to minimize the adverse effects and health risks often associated with conventional pain medications. Clinical studies, including Phase I safety and pharmacology trials, have shown that 2PX has low systemic bioavailability and only minor adverse effects. In open-label Phase II trials, the product exhibited significant analgesic effects, which were further confirmed in placebo-controlled trials. Additionally, SantoSolve has a specific development program focused on treating osteoarthritis of the knee, with recent Phase II trials supporting the efficacy of 2PX in providing superior pain relief compared to placebo.
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