About Norian
Norian is a company based in Oslo (Norway) founded in 1990.. Norian has raised $19.8 million across 1 funding round from investors including Northwestern Mutual and Frazier Healthcare Partners. The company has 45 employees as of December 31, 2019. Norian offers products and services including Accounting Services, Payroll Services, and Automation Services. Norian operates in a competitive market with competitors including Azets, XTM, Wage, Perquest and Resourcing Edge, among others.
- Headquarter Oslo, Norway
- Employees 45 as on 31 Dec, 2019
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ecit Norian
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Annual Revenue
$13.77 M (USD)11as on Dec 31, 2018
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Net Profit
$56.11 K (USD)106as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$19.8 M (USD)
in 1 rounds
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Latest Funding Round
$19.8 M (USD), Series B
Nov 06, 1995
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Investors
Northwestern Mutual
& 1 more
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Employee Count
45
as on Dec 31, 2019
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Products & Services of Norian
Norian offers a comprehensive portfolio of products and services, including Accounting Services, Payroll Services, and Automation Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers efficient accounting solutions for business financial management.
Manages payroll processes with stability and control for organizations.
Provides AI and system integrations to enhance operational efficiency.
Funding Insights of Norian
Norian has successfully raised a total of $19.8M through 1 strategic funding round. The most recent funding activity was a Series B round of $19.8 million completed in November 1995. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $19.8M
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First Round
First Round
(06 Nov 1995)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 1995 | Amount | Series B - Norian | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Norian
Norian has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Northwestern Mutual and Frazier Healthcare Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Healthcare sector private equity investments are managed by the firm.
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Founded Year | Domain | Location | |
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Northwestern Mutual is engaged in financial planning and insurance services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Norian
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Norian
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Norian Comparisons
Competitors of Norian
Norian operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Azets, XTM, Wage, Perquest and Resourcing Edge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
On-demand payment solutions are provided for service industry businesses.
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| domain | founded_year | HQ Location |
Payroll management services are provided to businesses.
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| domain | founded_year | HQ Location |
Functions as an online firm providing payroll and HR services.
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| domain | founded_year | HQ Location |
Human capital management solutions are delivered to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Norian
When was Norian founded?
Norian was founded in 1990 and raised its 1st funding round 5 years after it was founded.
Where is Norian located?
Norian is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Norian?
Knut Anders Opstad is the current CEO of Norian.
Is Norian a funded company?
Norian is a funded company, having raised a total of $19.8M across 1 funding round to date. The company's 1st funding round was a Series B of $19.8M, raised on Nov 06, 1995.
How many employees does Norian have?
As of Dec 31, 2019, the latest employee count at Norian is 45.
What is the annual revenue of Norian?
Annual revenue of Norian is $13.77M as on Dec 31, 2018.
What does Norian do?
NORIAN provides Robotic Process Automation (RPA) consulting, implementation, and delivery services. Services include opportunity assessment, solution consulting, business case and roadmap creation, digital transformation management, onsite and remote implementation, and training services. Provides automation across multiple functions such as supplier data management, invoice processing, customer data management, general ledger accounting, end-of-month and quarterly routines, HR data management, payroll processing in industries such as healthcare, construction, financial services, and insurance.
What products or services does Norian offer?
Norian offers Accounting Services, Payroll Services, and Automation Services.
Who are Norian's investors?
Norian has 2 investors. Key investors include Northwestern Mutual, and Frazier Healthcare Partners.