Ardoq, a Norwegian SaaS company specializing in Enterprise Architecture software, secured $125 million in Series D funding led by One Peak and EQT Growth to fuel its global expansion and product innovation.

Target Company Overview

Ardoq is a pioneering Software-as-a-Service (SaaS) firm headquartered in Oslo, Norway, focused on transforming Enterprise Architecture (EA) for the modern digital landscape. Founded in 2013 by Magnulf Pilskog and Erik Bakstad, the company has rapidly expanded, now employing a team of 170 professionals and maintaining additional offices in Copenhagen, London, and New York. Ardoq's innovative cloud-native EA platform is designed to facilitate digital business execution, helping organizations navigate the complexities of IT transformation, cloud migration, and application proliferation. Its portfolio includes notable clients such as Carlsberg, Condé Nast, and the United States’ Federal Communications Commission.

Ardoq's software enables businesses to plan and execute large-scale change initiatives by creating a digital twin of their operations, encompassing people, processes, systems, data, and infrastructure. This dynamic and data-driven platform allows Chief Information Officers (CIOs) and IT leaders to make informed decisions based on real-time insights, bolstering collaboration between business and IT for improved organizational outcomes.

Industry Overview in Norway

Norway has emerged as a robust player in the global technology landscape, particularly in the SaaS sector. The country boasts a vibrant startup ecosystem supported by a mix of venture capitalists, angel investors, and public funding i