DNB Markets acted as sole coordinator in the NOK 150m Private Placement in eSmart Systems

Equinor Energy Ventures, Nysnø Climate investments and existing shareholders (including Kongsberg Digital) invest NOK 150m in the Norwegian software company eSmart Systems.

eSmart Systemts provides AI driven software solutions to the energy industry and service providers. Their cloud born platform is designed to handle and exploit IoT, Big Data and Analytics in real time.

eSmart Systems successfully raised NOK 150m in December 2018 with DNB Markets as sole coordinator. Equinor Energy Ventures leads the round joined by Nysnø Climate Investments and existing eSmart shareholders, including Kongsberg Digital. DNB Markets also acted as sole coordinator in the previous founding round of 100m in 2016, placed towards Kongsberg Digital. The funding provides substantial strength to accelerate development of eSmart’s AI-technologies and their application to the energy industry.

Equinor Energy Ventures is the venture capital arm of Equinor and is dedicated to investing in attractive and ambitious growth companies in renewable and low carbon energy technologies.

Nysnø Climate investments is the Norwegian sovereign wealth fund geared toward climate investments and is set up as a commercial company that invests in technologies that reduce greenhouse gas emissions.

Kongsberg Digital, a 100% subsidiary of Kongsberg Gruppen, is a provider of next-generation software and digital solutions to customers within maritime, oil and gas, and renewables and utilities.