Company Growth NSN published Aug 24, 2026 Source Aug 14, 2026 2 min read

Svenn reports revenue more than doubling to NOK 37 million after sales refocus

Svenn, a Norwegian digital construction platform, more than doubled reported revenue to NOK 37 million in 2025 after targeting smaller contractors and buying HMS firm Internsikring. The company’s loss widened as costs from payroll and larger write-downs increased, the CEO told Shifter.

Nordic Startup News desk Based on reporting by Shifter · Single-source report

Read original reporting ↗

Svenn said revenue increased from NOK 15 million in 2024 to NOK 37 million in 2025 after it refocused sales on smaller contractors and completed an acquisition. CEO Sondre Blaasmo told Shifter about a strategic pivot to customers who derive the most value from the platform and improved marketing and pricing.

The company’s reported loss widened to NOK 19 million (from NOK 9 million), driven by higher payroll — NOK 25 million versus NOK 8 million — and increased depreciation and write-downs (NOK 18 million versus NOK 8 million). Blaasmo linked the payroll rise to employees joining from Internsikring after the deal.

Svenn was incorporated in 2013 and launched its platform in 2020. The founders still retain a stake in the business. Blaasmo told Shifter the company expects organic growth of 50–60% this year.

Reporting sources

Where this story comes from

1 reference

The facts above are grounded in the original reporting linked here. Open the publisher story for its complete context.

S Shiftershifter.no

ShifterORIGINAL source · English rendering Open source