About ShiftX
ShiftX is a company based in Oslo (Norway) founded in 2010 by Eigil Sagafos and Nikolai Krister Strandskogen.. ShiftX has raised $1.09 million across 1 funding round from investors including Alliance Venture. The company has 8 employees as of December 31, 2022. ShiftX offers products and services including ShiftX Platform. ShiftX operates in a competitive market with competitors including Entromy, GenMyModel, Casewise, Shanghai Ketan Information Technology and Octant, among others.
- Headquarter Oslo, Norway
- Employees 8 as on 31 Dec, 2022
- Founders Eigil Sagafos, Nikolai Krister Strandskogen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Shiftx As
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Annual Revenue
$530.48 K (USD)23as on Dec 31, 2022
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Net Profit
$-640.66 K (USD)29as on Dec 31, 2022
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EBITDA
$-608.85 K (USD)31as on Dec 31, 2022
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Total Equity Funding
$1.09 M (USD)
in 1 rounds
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Latest Funding Round
$1.09 M (USD), Seed
Nov 16, 2020
- Investors
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Employee Count
8
as on Dec 31, 2022
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Products & Services of ShiftX
ShiftX offers a comprehensive portfolio of products and services, including ShiftX Platform. 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.
Collaborative software for mapping and optimizing business processes.
Funding Insights of ShiftX
ShiftX has successfully raised a total of $1.09M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.09 million completed in November 2020. 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 Seed — $1.1M
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First Round
First Round
(16 Nov 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2020 | Amount | Seed - ShiftX | Valuation | Alliance Venture |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 ShiftX
ShiftX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Alliance Venture. 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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Venture capital firm focused on early-stage tech companies
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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 ShiftX
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - ShiftX
| 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 |
Shiftx Comparisons
Competitors of ShiftX
ShiftX 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 Entromy, GenMyModel, Casewise, Shanghai Ketan Information Technology and Octant, 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 |
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| domain | founded_year | HQ Location |
Business transformation is managed via an NLP-based platform.
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| domain | founded_year | HQ Location |
Business process modelling platform for diagrams and flowcharts is provided.
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| domain | founded_year | HQ Location |
Solutions for business process modeling and management are provided.
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| domain | founded_year | HQ Location |
Low-code tools and digital platforms are provided for educational institutions.
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| domain | founded_year | HQ Location |
Software solutions for proposal and capture management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 ShiftX
When was ShiftX founded?
ShiftX was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Where is ShiftX located?
ShiftX is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of ShiftX?
Nikolai Krister Strandskogen is the current CEO of ShiftX. They have also founded this company.
Is ShiftX a funded company?
ShiftX is a funded company, having raised a total of $1.09M across 1 funding round to date. The company's 1st funding round was a Seed of $1.09M, raised on Nov 16, 2020.
How many employees does ShiftX have?
As of Dec 31, 2022, the latest employee count at ShiftX is 8.
What is the annual revenue of ShiftX?
Annual revenue of ShiftX is $530.48K as on Dec 31, 2022.
What does ShiftX do?
ShiftX was founded in 2010 in Oslo, Norway, as a provider of cloud-based software in the knowledge management sector. Operations focus on tools for team collaboration, internal communication, and process modeling. Services also encompass customer experience management and risk reduction. The platform supports organizations in streamlining information flow and operational efficiency across various industries.
Who are the top competitors of ShiftX?
ShiftX's top competitors include SIMUL8 Corporation, Entromy and Octant.
What products or services does ShiftX offer?
ShiftX offers ShiftX Platform.
Who are ShiftX's investors?
ShiftX has 1 investor. Key investors include Alliance Venture.
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