Mandatum
VC Fund
Oslo, Norway
Mandatum is a VC fund in Oslo focused on Internet and SEO. Mandatum provides competent Board, mentor, and management capacity to companies in Scandinavian industries during start-up, turn around or other situations where and when focused, expert and temporary management attention are required. Mandatum was established in 2002 in Oslo, Norway by its founder Ragnar Bo.
- Total investments:
- 3
- Last investment:
- Lead investor:
- 100%
Last updated:
For AI agents: llms.txt
Industries Mandatum invests in
Stages Mandatum invests in
Countries Mandatum invests in
Round sizes
Round size
- Private Equity
- $16M–$28M
Investment Focus
Industry
- Internet 2 (67%)
- SEO 1 (33%)
- Big Data 1 (33%)
- Software 1 (33%)
- Analytics 1 (33%)
Stage
- Private Equity 2 (67%)
- Funding Round 1 (33%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Nosto brings solutions for online marketing automation for the global e-commerce industry. The company’s platform-independent SaaS solution enhances customers’ online shopping experience by enabling personalized product recommendations in real time. Its plug and play solution makes the technology easily accessible to online stores of allsize, automating marketing activities and increasing conversion, customer retention and store revenues as a result. Nosto’s first customers include leading brands like Angry Birds, Intersport, JOY, Reima, Outnorth and Sanoma’s Huuto. | $16M / Private Equity / Feb 23, 2023 | ||
| Oddlygood creates delectable plant-based products such as oat coffee drinks, oat yogurts, cheeses, and dairy substitutes for cooking and baking. Valio, one of Finland's leading food companies, spun off the company. | $28M / Private Equity / Dec 16, 2021 | ||
| See all 3 investments → | |||
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FAQ
What does Mandatum invest in?
Mandatum invests primarily in Internet, SEO and Big Data startups, most often at Private Equity and Funding Round stage. Most of the 3 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Mandatum invest in?
Mandatum typically joins rounds of $16M–$28M at Private Equity. These are whole funding-round sizes, not Mandatum's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Mandatum took part in.
When did Mandatum last invest?
The most recent investment recorded for Mandatum closed in Feb 2023. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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