# Ardoq AS

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

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.ardoq.com
- Total disclosed funding: $155M
- Latest round: Series D (Mar 9, 2022)
- Investors on record: 5

## About

Based in Norway, Ardoq AS develops enterprise architecture software that enhances decision-making for organizations by providing data-driven insights and analytics to streamline IT operations.Founded in 2013 in Oslo, Norway, Ardoq AS specializes in delivering software solutions for enterprise architecture. The company has secured a total of USD 125.00 mn through 5 funding rounds, with its latest round being a Series D in March 2022, led by EQT, which aims to bolster their enterprise architecture platform.Ardoq specializes in enterprise architecture software that enhances organizational decision-making through data-driven insights. The core offerings include a platform that enables users to visualize IT landscapes, map application dependencies, and manage technical debt effectively. This software solution is designed for business leaders and IT departments, facilitating collaboration and providing real-time analytics that support strategic planning and risk assessment. By streamlining processes such as application rationalization and risk management, Ardoq addresses key challenges for organizations looking to optimize their IT portfolios. The platform is sold primarily in North America and Europe, catering to a diverse clientele that includes enterprises across various sectors seeking to modernize their IT architecture and drive operational efficiency.In 2023, Ardoq generated revenue of USD 21.76 mn, with an EBITDA of USD -23.31 mn. The company utilizes subscription-based models tailored for clients, promoting long-term contracts with variable pricing structures based on the scale and features of their services. Key products include their main enterprise architecture platform, which enhances IT and business alignment.In March 2022, Ardoq AS raised USD 125 mn in Series D funding, led by EQT, which will be directed towards expanding their teams globally and accelerating the development of their platform. The company aims to introduce new product features while exploring opportunities for market expansion in North America and Europe.

## Funding rounds

- Series D, Mar 9, 2022, $125M — EQT, One Peak
- Series C, Mar 22, 2021, $26M — Altitude Capital Partners, Norselab Group
- Series A, Feb 27, 2019, $4.1M — Idekapital

## Investors

- Idekapital (https://capitalatlas.ai/funds/idekapital) — Series A
- Altitude Capital Partners (https://capitalatlas.ai/funds/altitude-capital-partners) — Series C
- Norselab Group (https://capitalatlas.ai/funds/norselab-group) — Series C
- EQT (https://capitalatlas.ai/funds/eqt) — Series D
- One Peak (https://capitalatlas.ai/funds/one-peak) — Series D