Oda Norway AS Asset Profile

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Year established

2013

Location

Oslo Norway

Primary Industry

Retail

About

Based in Oslo, Norway, and founded in 2013, Oda Norway AS provides an online marketplace of consumer goods and recipes that enables users to receive ordered items through delivery. The company was co-founded by Andreas Skaranger, Christian Mikalsen, Ida Johnsen, Jon Kåre Stene, Karl Kristian Mydske, CEO Karl Munthe-Kaas, Mats André Kristiansen, Mats Barlo, Tommy Gudmundsen, and Vegard Vik. In 2021, Kolonial.no AS raised NOK 1.2 billion in venture funding, as a part of a larger NOK 2.2 billion equity financing, from SB Investment Advisers. The venture funding values Kolonial.no AS at NOK 7.5 billion post-money. As of 2019, the company staffs 510 employees. Oda Norway AS works with customers and offers an online grocery store. The company allows users to choose from different categories of fruits, vegetables, snacks, drinks, beauty products, and other consumer items through its mobile application. Kolonial.no AS also allows users to browse recipes and receive ordered items through its delivery service. The company generates revenue based on goods sold online and the number of application downloads on the App Store and Google Play Store. Kolonial.no AS reported revenue of EUR 200 million in 2020. Following the funding raised in 2021, the company plans to use the investment to expand markets, starting in Finland and then Germany in 2022.

Current Investors

Qualitas Funds, Kinnevik, Rasmussengruppen AS

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Primary Industry

Retail

Sub Industries

Courier & Delivery Services, Supermarkets & Grocery Stores, Internet, Analytics & Performance Software

Website

www.oda.com

Verticals

E-commerce, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Oda Norway AS	07 Dec 2023

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