Fundz

Oda, The Norwegian Grocery Delivery Startup, Raises A Fresh $151M, But At A Lowered Valuation Of $353M

Dec 06, 2022

Amount Raised

$151 Million

Round Type

Funding Round

OsloE CommerceGroceryRetail

Investors

Summa EquityVision Fund

Description

Online grocery delivery, a booming business at the height of the Covid-19 pandemic, has definitely come down to earth with the other shifts we’ve seen in the economy, public health and technology investing. Oda, one of the bigger players in online grocery delivery in Europe with operations in its home market of Norway as well as Finland and Germany, today announced that it had raised 1.5 billion Norwegian crowns in equity (about $151 million at today’s rates) — a big round, but executed under tough conditions.

Quick answer

Oda raised $151 Million in a Funding Round round, dated December 6, 2022. Investors: Summa Equity and Vision Fund. Oda is based in Oslo, Oslo, Norway.

How much did Oda raise?
Oda raised $151 Million in a Funding Round round on December 6, 2022.
Who invested in Oda?
Summa Equity and Vision Fund are named as investors in this round.
What does Oda do?
Oda is a company on the move.
Where is Oda based and how big is it?
Oda is based in Oslo, Oslo, Norway. Fundz records about 1,187 employees.

Source: Fundz verified event record.

Who else raised in E Commerce and Grocery around the same time

Companies in the same sectors as Oda that raised within 45 days of this round, from Fundz verified event records.

  • Kapu raised $8M (Funding Round) on December 5, 2022.
  • Boxed raised $20M (Funding Round) on January 20, 2023.
  • The Edit LDN raised an undisclosed amount (Seed) on January 17, 2023.
  • Syky raised an undisclosed amount (Series A) on January 17, 2023.
  • Neptune Wellness Solutions raised an undisclosed amount (Debt Financing) on January 13, 2023.
  • Wakefit raised $40M (Funding Round) on January 13, 2023.

Who to call at Oda, and when

A new round usually means Oda is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Oda raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Oda, from your own LinkedIn network

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Company Information

Company

Oda

Location

Oslo, Oslo, Norway

About

Oda is a company on the move. We built Norway’s leading online grocery store and now we want to share what we’ve created with the world! Delivering a huge range of high-quality, affordable groceries and fresh produce to millions of doorsteps is a complex process, but we believe we’ve cracked the code. Using data-driven methodology, with a focus on sustainability all the way along the chain, we are building the most efficient retail system in the world.

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Fundz sees it the moment Oda raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Oda raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.