Trondheim-based sound recording technology startup Nomono recently closed their first seed round. The target of 20 MNOK was over-subscribed, hitting a total of 25.5 MNOK. The round was lead by Skyfall Ventures and Spintop Ventures alongside existing investors like SINTEF Venture and Investinor.
Nomono has piqued the interest of several well-known venture firms, more than doubling the company's value in this seed after the successful pre-seed in 2019 which oversubscribed from 8 MNOK to 10 MNOK.
The list of investors in this seed contains a number of heavy hitters in the Scandinavian venture market. Among them we find Swedish deep tech-experienced VC Spintop Ventures who, through their investment, help create a unique relationship between a Norwegian consumer tech startup and a Swedish VC.
We sent out a few questions to the investors to get a sense of why they chose to invest in Nomono and what primary values they see in the company. Below are excerpts from each investor.
Nomono wouldn't have made it to this stage without their early financial supporters. SINTEF and FORNY aided during the initial research and development process. Once Nomono launched, Innovasjon Norge stepped in with grants and loans to support Nomono up until the pre-seed.