# Appfarm AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appfarm

- Industry: IT Infrastructure
- Headquarters: Oslo, Norway
- Website: www.appfarm.io
- Total disclosed funding: $5.8M
- Latest round: Series A (Mar 6, 2023)
- Investors on record: 3

## About

Based in Oslo, Norway, and founded in 2018, Appfarm AS provides a platform that helps in application development without using any code. The company was co-founded by Simon Larsen, and Ole Borgersen. As of 2023, the company is headed by its CEO Marius Tuft Mathisen. In March 2023, the firm raised NOK 60 million in series A funding led by investor Idekapital, with participation from another investor Eviny Ventures. Returning investor Arkwright X AS also participated in the round.

The company offers no-code application platform which enables its users to create, launch and manage business software such as robotics apps, manufacturing and logistic system, order management system, IoT apps, etc. The business provides goods and services to clients both directly and through alliances with consulting and advisory firms. The customer base of the firm includes Bertel O. Steen, Skanska, 4Service, NAV, ABB, Viken Fiber, Hovedorganisationen Virke, Norli and Eviny, and many others. 

The company plan to use the March 2023 funding to build success in Norway and take a position as a leading no-code platform in Europe.

## Funding rounds

- Series A, Mar 6, 2023, $5.8M — Idekapital, Arkwright X, Eviny Ventures

## Investors

- Idekapital (https://capitalatlas.ai/funds/idekapital) — Series A
- Arkwright X (https://capitalatlas.ai/funds/arkwright-x) — Series A
- Eviny Ventures (https://capitalatlas.ai/funds/eviny-ventures) — Series A