Svenn secures capital funding from Norselab.

Svenn, a Trondheim, Norway-based startup developing a SAAS tool designed to collaborate and track engineering operations, secured a capital funding round.

The deal, which has financial details undisclosed, was made for an equity stake of 30% sold to the local investor from Norway Norselab.

Sven, founded as 24onoff in 2014 by CEO Sondre Blaasmo, out of a Norwegian real-estate development company, developed a project management SAAS designed to collaborate and track engineering operations. The company has 1000+ customers and 10k+ users and had sales of NOK 4.4 million in 2019.