The University of Oslo sensor software spinout has started trading on the Merkur Market, part of the Oslo Stock Exchange.

Elliptic Labs, a Norway-based sensor technology spinout of University of Oslo, has listed on the Oslo Stock Exchange’s Merkur Market. The company undertook a $13.5m private placement, including $7m subscribed to by cornerstone investors Danske Capital, Aktia Asset Management and Handelsbanken Fonder. Other existing shareholders to have participated include MP Pensjon, Alden and Passesta, the…

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