Tise raised $11 million in a round of funding led by new investor VNV Global AB

Tise, an Oslo, Norway-based operator of a digital classifieds marketplace, announced completing a $11 million capital funding round.

The money was raised from investors led by Sweden-based VNV Global, at a valuation of $60 million, post-money.

Therese Angel will be joining the Tise board on behalf of VNV.

Proceeds will be used to strengthen its position as the market leader in the Nordics, while beginning to look towards expanding into larger European territories such as Germany, France, and the UK. Including this new round of funding.

Tise, founded in 2014 by CEO Eirik Frøyland Rime and Axel Franck Næss, developed a digital marketplace for second hand products and says it has about 2 million users, 3X yoy since 2020, when it raised $6.6 million in a round led by Luxor Capital.