Scandinavian Venture Capitalists Invest in Norwegian Nomono

Nomono Team

writer icon Lily Olsson     Nomono   |   Investment     🕐 21. Sep. 2020

The Nordic Venture Capitalist firm Spintop Ventures has, alongside Skyfall Ventures, Sintef Venture, and other Scandinavian Venture Capitalists, announced an investment into the disruptive Norwegian Audio technology startup, Nomono, adding to the final seed investment at NOK 25 million.

The Trondheim-based sound recording technology startup takes audio recording workflow and the final experience of audio to a completely new level, explains the new investors.

”We are excited to join as an investor in Nomono. The team has true world-class competence, the company rides on strong market trends and the product proposition has a potential to truly disrupt the recording workflow and final experience of audio,” said Sami Niemi, Partner, Spintop Ventures.

The Investment
Nomono had initially targeted investment of NOK 20 million in this seed round but ended up securing an additional 5.5 million reaching an investment of NOK 25.5 million instead.

”This gives us a thick enough wallet to continue at full speed, grow our world-class team and bring our first product to market,” said Jonas Rinde, CEO of Nomono.

The Norwegian company has piqued the interest of several Scandinavian Venture Capitalists and has, since its pre-seed round in 2019, more than doubled its value. In 2019 Nomono also aimed too low, requesting an investment of NOK 8 million and instead securing an investment of NOK 10 million.

”We love the space Nomono is targeting, namely the high growth market of sound and audio creation,” said Espen Malmo, Co-Founder & Managing Partner, Skyfall Ventures

”The need to efficiently record, process and release great sound is in high demand, and Nomono is addressing this need with their software-enabled microphone product line and their post-production application. Also, the team is truly extraordinary with their proven track record of building successful technology companies and their deep domain knowledge when it comes to audio,” Malmo added.

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