Porterbuddy to get NOK 40M in strategic investment from Canica, Varner and Farmasiet.

Porterbuddy, an Oslo, Norway-based tech company providing devlivery solutions to logistics and ecommerce companies, announced the completion of NOK 40M ($4.4 million) in capital investment.

The money round was backed by private investors from Norway, including Farmasiet, Canica and Varner.

The grouping around the entrepreneurs retains control of the company with over 50 per cent of the shares, while the new shareholders get 25-30 per cent of the shares.

At the same time, the company also receives public support through Innovation Norway and the environmental technology scheme.

Porterbuddy, founded in 2016 by Tord Störtebecker and Henrik Gerner-Mathisen, built a logistics and distribution platform that provides efficient and customer-centric, last-mile delivery of products.