Ardoq Raises $125M in Series D Funding

Ardoq, an Oslo, Norway-based SaaS Enterprise Architecture company, raised $125M in Series D funding.

The round, which is subject to customary conditions and approvals and expected to close in March, 2022, was led by EQT Growth with participation from One Peak. Victor Englesson, Partner within EQT Growth’s Advisory Team, will join Ardoq’s Board of Directors.

The company intends to use the funds to continue expansion as it invests further in its commercial platform, product offering and grow its team.

Founded in 2013 by Magnulf Pilskog and Erik Bakstad, Ardoq is a SaaS company for architecture digital enterprise. The company’s dynamic, data-driven EA platform is designed to plan and execute major change initiatives via a tool that provides a digital twin of an organization’s people, processes, systems, data, and infrastructure. With Ardoq, CIOs can deliver digital transformations, and IT leaders can make technology decisions based on real-time information.

The company has around 250 customers worldwide, including Carlsberg, Condé Nast and the United States’ Federal Communications Commission.