# Trolltech

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

- Industry: Software
- Headquarters: Norway
- Website: www.trolltech.com
- Total disclosed funding: $6.7M
- Latest round: Series B (May 24, 2005)
- Investors on record: 3

## About

Trolltech specializes in innovative software solutions designed to enhance user experience and improve efficiency across various industries, focusing on application development tools for both desktop and mobile platforms.Founded in 1994 in Norway, Trolltech is known for providing software development tools that enable the creation of cross-platform applications. The company was acquired by Nokia in January 2008 for USD 153 mn following a Trade Sale on May 1, 2006, where it listed on the Oslo Stock Exchange, selling 7.5 million shares at NOK 16 per share, totaling NOK 120 million.Trolltech.com specializes in providing innovative software solutions primarily aimed at enhancing user experience and efficiency across various industries. Their core product offerings include a suite of development tools designed to streamline application development for both desktop and mobile platforms. These tools are utilized by software developers to create cross-platform applications, enabling them to efficiently cater to a diverse range of end-user needs. The company’s solutions target industries such as technology, finance, and telecommunications, serving a clientele that includes both established enterprises and emerging startups seeking to leverage advanced software capabilities. Their products are available in multiple geographical markets, including North America, Europe, and parts of Asia, thereby ensuring broad reach and applicability across various sectors.The revenue model of Trolltech.com is structured around subscription-based services, where clients pay a recurring fee for access to their suite of software development tools. This transactional framework allows businesses to scale their usage based on project demands, fostering long-term partnerships with their clients. Typical transactions involve software licenses provided to businesses and organizations, whose developers utilize Trolltech's tools to enhance their own software offerings. While specific pricing plans for individual products are not disclosed, the company’s flagship offerings are expected to align with standard industry pricing for similar development tools. Their revenue generation is further supported by ongoing maintenance and support services, ensuring that clients receive continuous value from their products.Following the acquisition by Nokia, Trolltech aims to leverage its expanded resources to design and launch new products focused on enhancing cross-platform application development. The company is also targeting expansion into emerging markets in Asia and South America by the end of 2025. The recent acquisition funding of USD 153 mn is expected to support these initiatives, alongside enhancing existing product offerings and customer support services.

## Funding rounds

- Series B, May 24, 2005, $6.7M — Index Ventures, Teknoinvest Management, Northzone

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B
- Teknoinvest Management (https://capitalatlas.ai/funds/teknoinvest-management) — Series B
- Northzone (https://capitalatlas.ai/funds/northzone) — Series B