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Incubator/Accelerator
arkwrightx.no

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Investments

6

About Arkwright X

Arkwright X is is an Oslo-based incubator for tech startups.

Arkwright X Headquarter Location

Grundingen 2

Oslo, 0250,

Norway

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Latest Arkwright X News

Appfarm to get a convertible note from Arkwright X

Dec 23, 2020

Appfarm , an Oslo, Norway-based startup building a no-code application development platform, secured funding for the company. The money is a convertible note backed by the local startup accelerator Arkwright X with a limit of NOK1-3M . The agreement means that a valuation will not be set now, but gives Arkwright X the right to convert the loan that is now granted in a later investment round, at a price that will be set then. Appfarm, which now has 10 employees, is also moving in with Arkwright X. Appfarm, founded in 2017 by Hans Magnus Wold, Marius Tuft Mathisen and Ole Borgersen, developed a a no-code application development platform used for rapid application development that lets you create and launch business apps in days. The company expects a 2020 turnover of  NOK 11.5 million ($1.4M). Nordic 9

Arkwright X Investments

6 Investments

Arkwright X has made 6 investments. Their latest investment was in Appfarm as part of their Convertible Note on December 12, 2020.

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Arkwright X Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/16/2020

Convertible Note

Appfarm

Yes

1

10/30/2019

Seed VC

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$99M

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10

3/28/2019

Seed - II

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$99M

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10

12/31/2018

Seed

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$99M

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10

3/31/2017

Seed VC

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$99M

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10

Date

12/16/2020

10/30/2019

3/28/2019

12/31/2018

3/31/2017

Round

Convertible Note

Seed VC

Seed - II

Seed

Seed VC

Company

Appfarm

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Arkwright X Team

1 Team Member

Arkwright X has 1 team member, including former Founder, Esben Poulsen.

Name

Work History

Title

Status

Esben Poulsen

Founder

Former

Name

Esben Poulsen

Work History

Title

Founder

Status

Former

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