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.
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