Northzone, Alliance Venture invest $3.5m in Outracks

The investment marks the third made in Outracks, according to unquote" data. In November 2012, Springfondet invested NOK 3m in the company via its Springfondet II fund.

The firm then injected a further NOK 8m into Outracks in October last year alongside Ojada and angel investor Tronde Arne Aas.

Company
Founded in 2011 and headquartered in Oslo, Outracks develops technology designed to simplify the process of multi-platform app development for programmers and designers.

The company has developed its Realtime Studio product – a tool suite and integrated development environment designed to allow for greater visuals without decreasing app performance. The product is currently in closed beta.

People
Anders Lassen is the CEO of Outracks. Torleif Ahlsand is a partner at Northzone; Johan Gjesdahl is a partner at Alliance.

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• Topics
• Early-stage
• Nordics
• Technology
• Northzone
• Alliance Venture
• Norway