Utilitycloud builds software that automates and streamlines energy companies’ operations, with particular strength in energy billing and product–market fit. The company counts customers including Hafslund, Ishavskraft, ANEO and NTE. Its platform delivers invoices to more than one million households and businesses and handles over NOK 10 billion annually on behalf of customers. Founded in 2019, Utilitycloud has grown since 2021 from zero to NOK 40 million in annual revenue without prior external financing or customer churn. The new capital will be used to expand the business internationally. Company leadership emphasizes deep sector expertise and strong customer engagement as drivers of growth.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025