Deal

Northzone invests in The Online Backup Company

Northzone and its partners have invested NOK 30.5 million in The Online Backup Company. 

The Online Backup Company is the leading company within online backup and disaster recovery solutions in Norway. The company has a turnover close to NOK 50 million, 35 employees and 4000 customers.

The Online Backup Company now aims to expand to several countries in Europe, with Sweden and Germany as the first markets the company will enter. The Board of the company is also strengthened as Tellef Thorleifsson, Partner at Northzone Ventures, Rolf Assev with 12 years experience as Chief Strategy Officer at Opera Software AS and Peter Larsson, former CEO of EPIServer join the Board.

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FundNorthzone VI LP Argentum share 18.2%
Portfolio CompanyThe Online Backup Company
Date of Transaction2012-01-02
TransactionAcquisition
Seller
Buyer
Size of TransactionNOK 30.5m
Ind. FocusICT
GeographyNorway
StageVenture
 

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