News

April 8, 2021

Online grocer Kolonial raises €223m from SoftBank and Prosus to take on Europe — and rebrands as Oda

The Norwegian startup is expanding to Finland and Germany — and announcing a huge technological breakthrough.


Amy Lewin

5 min read

Norwegian online grocery startup Oda (formerly called Kolonial) has just raised €223m from SoftBank and Prosus at a €750m post-money valuation. That’s one of the biggest funding rounds ever for a Norwegian startup — but it’s not the only thing it has to boast about.

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Karl Munthe-Kaas, CEO and cofounder of Oda
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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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