Venture Builder Log - BIG NEWS Edition
Iterate has received an investment of 100 MNOK ($11.3M USD) and formed a strategic partnership with Aars.
The big news…
Iterate has received an investment of 100 MNOK ($11.3M USD) and formed a strategic partnership with Aars.
Aars is the Møller family office and investment company that owns companies such organizations as the Møller Mobility Group, OneCo, Møller Eiendom, InfoCare, and Alfa Sko. The group had a total turnover of 40 billion NOK ($4.5B USD) in 2020 and employs 8,400 employees through the various companies of the portfolio.
Many thanks to our customers, our team members both former and current, and the ventures we have been lucky enough to work with thus far. Stay tuned here to the venture log to see what we do next.
Better yet, why don’t you join us and start building?
Coverage from around the internet:
Some words from the founders:
“Iterate's vision is to give employees the opportunity to pursue their dreams. Most successful entrepreneurs came up with their ideas while being employed. So at Iterate, we want to let our employees develop their ideas with us instead of leaving to pursue them. Employees can in a sense ‘play’ with those ideas during their normal work hours. If those ideas start to work they can even establish their own company while still with us. With Aars on the team now even more of our future entrepreneurs will have the opportunity to bring their idea to life”, says Kim Ophus Leskovsky, Co-founder of Iterate.”
Kim Ophus Leskovsky, co-founder of Iterate
“In Iterate and through working with our customers in the consulting business, we have gained knowledge about software development, design, branding and product development. Iterate has brought this expertise into startup companies. We are happy to have Aars as a new investor and partner. It provides a completely new opportunity and will elevate Iterate into a new phase.”
Anders Haugeto, Chairman of the Board and co-founder of Iterate.