Oslo Outlook #2 is out now!

Forgner Didrick Stenersen 1920
Photo: Didrick Stenersen

Published by Oslo Business Region, 08 June 2022

Through the pandemic, investment in growth companies (Venture Capital) has seen a positive development. However, we now see a decrease worldwide. How is it in Oslo? Let's take a look at the newest Oslo Outlook to find out!

According to report, the number of investments is going down from 35 in the first quarter to 19 so far in the second quarter of 2022. There can be many reasons for that due to uncertain times (war and the fall on the stock market, for example).

When we compare with the other Nordic capitals, Oslo is on track. The number of investments so far is higher than both Helsinki and Copenhagen and about the same level as Stockholm.

So far in 2022, 550 million NOK has been invested in growth companies in Oslo. That is around the same number of Copenhagen. Stockholm and Helsinki have 6.5 and 2.6 billion NOK, respectively. Overall, growth companies have experienced a fall in the value of stock exchanges worldwide in 2022 but we still see that unlisted companies are still attracting venture capital.

We also see a decrease in the number of new establishments of businesses but on the positive side, Oslo is experiencing the lowest unemployment rate since the finance crisis in 2008 with only 2.3 %.

Key insights from the June 2022 report:

  • Oslo is becoming a very attractive city to live in with 1770 people relocating to Oslo in Q1 2022.
  • Oslo has the lowest unemployment rate since 2008 (2,3 %), the lowest in the Nordic capitals, and an all-time high number of available positions in the job market (8 % up since Q1 2021.)
  • Housing prices increased by 6.8% in 2022.
  • Oslo had a decrease in the number of investments in growth companies, but more investments than Helsinki and Copenhagen.

The data source is from Dealroom. Check out Oslo database for free here

Do you have any questions? Reach out!