Consumer/News/ Tablet startup Remarkable is Norway’s latest unicorn The company has sold over 1 million tablets since launching the device in 2017. By Sifted reporters 10 May 2022 Magnus Wanberg, Remarkable CEO Magnus Wanberg, Remarkable CEO \Consumer As the speedy grocery giants falter, this startup is backing a sustainable alternative By Selin Bucak 6 December 2022 Consumer/News/ Tablet startup Remarkable is Norway’s latest unicorn The company has sold over 1 million tablets since launching the device in 2017. By Sifted reporters 10 May 2022 Tablet startup Remarkable is Norway’s latest unicorn after a funding round, the company confirmed on Monday. The company booked $300m in revenue in 2021, more than double the amount of 2020. Ebitda (earnings before interest, taxes, depreciation, and amortisation) was $31m, compared to $12m in 2020. It has sold over 1m of its “paper tablets” since launching the device in 2017, the company said. The company did not confirm the names of the investors nor the amount of the funding round. It last raised a $15m Series A from Spark Capital in 2019. The company was founded in 2013 by CEO Magnus Wanberg as an attempt to reproduce the feeling of writing on paper with a digital tablet. This makes it the fifth Norwegian unicorn that is still private and VC-backed. The others are Cognite, Dune Analytics, Gelato and Oda. Edtech unicorn Kahoot! listed in Oslo in 2021. Check out our Intelligence team’s ranking of every unicorn in Europe, including statistics, valuations and unique Sifted takes. Find it here. Related Articles SellerX raises €26m as Amazon aggregator industry hots up By Freya Pratty Click here to read more Sprayprinter: the graffiti robot startup that’s turning down millions By Kitty Knowles Click here to read more Ray Studios raises $3m to get rid of that tattoo of your ex’s name for good By Tim Smith in Barcelona Click here to read more How to step down as a founder: lessons from Pact Coffee By Maija Palmer Click here to read more Most Read 1 \Venture Capital There are only two accelerators European VCs care about 2 \Consumer Gorillas investors to pay $100m to secure Getir all-stock buyout, sources say 3 \Venture Capital VCs using scouts means founders get the short end of the stick 4 \Venture Capital Founders, here’s how top VCs are doing due diligence on you 5 Plus \Venture Capital November’s hottest seed rounds Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
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