Aug 17, 2018

Exabel raises 4.7 million USD

We closed our second seed round in August 2018, raising 38 million NOK (~4.7 million USD). This will support our continued growth, and take the company into the first stages of our go-to-market plan in 2019.

We are happy and grateful for the support, says CEO Øyvind Grotmol.

Interest from both existing and new investors is strong, with approximately 40% of the new capital raised from existing investors. The new investors are leading investment groups, as well as individuals from the Norwegian finance and VC community, including Vatne Equity, Andenæsgruppen, Sanden, Melesio Capital, Axan Invest, First Partners Holding 5, Holta Invest, and LT Invest.

“We are happy and grateful for the support,” says Founder & CEO Øyvind Grotmol. “We now have a strong foundation for taking Exabel to the next stage, with solid financing, a great team and the core technology in place. We look forward to stepping up our user-facing activities, starting with our pilot program launch this fall.”

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Exabel is a financial technology company based in Oslo, New York and London.

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