Fonn to raise NOK 20 million from existing investors

Fonn, an Oslo, Norway-based software developer of a field management tool for construction projects, announced completing a NOK 20 million ($2.3M) capital funding round.

The money was raised from existing investors of the company, including IdekapitalSkagerak Maturo and Investinor.

Fonn, founded in 2016 and led by CEO Jan Tore Grindheim, developed a SAAS software-based field management tool for construction projects, with inclusive usability for all tech skill levels. The tool enables all users in a construction project, with up-to-date information and all communication in one place – it has onboard 30,000 projects and 18,000 users, with customers including BoligPartner, Nordbohus and Drømmekjøkkenet. Brinkman and Roche Constructor.

Fonn previously raised $3.4 million in 2020 and $1 million in 2019.