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 Sequoia backs ecommerce try-before-you-buy startup Elyn in €2.5m raise By Sadia Nowshin 8 March 2023 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 You will soon be eating seaweed By Giulia Bottaro Click here to read more “The whole industry is set up for caucasian skin”: the startup diversifying skincare By Freya Pratty Click here to read more Nine mental health startups smashing “taboo” in Europe By Kitty Knowles Click here to read more Octopus Ventures to focus more on consumer startups By Amy Lewin Click here to read more Most Read 1 \SVB News Rescue deal: HSBC buys Silicon Valley Bank UK 2 \Venture Capital How does venture debt actually work? 3 \Fintech How new EU policies will impact ecommerce marketplaces — and how payments tech can help 4 \Deeptech ‘Basically mindblowing’ — What GPT-4 can do, according to one startup that’s had access to it 5 \Sustainability Berlin-founded Sunhero raises €10m to cash in on Spanish solar energy
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