Nornorm, a Copenhagen, Denmark-based provider of a subscription-based furnishing service, raised €110M in funding.
The round was led by Verdane with participation from Inter IKEA Group and Philian AB.
The company intends to use the funds for further global expansion.
Led by CEO Anders Jepsen and co-founder and Chairman of the Board Jonas Kjellberg, Nornorm provides businesses with attractive workplace furniture solutions based on a subscription model. Requiring neither investment nor long-term commitment, it offers flexibility to scale up or down as the company grows or downsizes. The concept is built on circularity, where every piece of furniture is kept in a loop from one workspace to the next, and every product is carefully maintained and refurbished to extend its lifespan.
The company is currently operating in Denmark, Sweden, Norway, Finland, Germany, France, Netherlands, Belgium, Poland and Austria. International customer base includes Volvo, Electrolux, Castellum, IWG, Wolt, Miro, Edge, and Netflix amongst others. Nornorm has also recently entered the UK market, and plans to enter the US in 2023.
FinSMEs
07/12/2022