Viking Venture invests in Onix to help eliminate work accidents

Viking Venture is announcing its investment in Onix, a Norwegian company providing innovative software for companies which sell, manage, or inspect lifting equipment. Onix’s unique solutions reduce the risk of accidents due to the wrong use of equipment. By ensuring proper use of the equipment, Onix helps businesses to advance workplace safety and efficiency.

The company helps equipment suppliers efficiently deliver documentation. It also allows equipment operators to use the equipment in the right way, and helps inspectors of such equipment to perform their work efficiently with high quality.

Improving workplace safety with innovative software

– We are really excited to back Onix on their quest to eliminate workplace accidents through its innovative software. Our first conversation with Bernt Håvardsholm, co-founder of Onix, was four years ago. Since then, the company has grown rapidly, passing our threshold of 30 mnok in annual recurring revenues (ARR). Thus, we believe now is the perfect time to partner up and help take the company to the next level, says Magnus B. Willumsen, Investment Director at Viking Venture and the coming Chairman of the Board of Onix.

The market for lifting and loose equipment is vast, with an increasing emphasis on safety and compliance. The need for innovative software in this category is growing. The growth is driven by the increased focus on workplace safety regulations and the rising demand for digital and efficient ways to ensure proper use of the equipment.

Onix has a strong position in a growing market

Onix’s unique value proposition sets it apart from its competitors. By supporting companies across the value chain, from supplier to operator to inspector, the software provides value for each customer segment stand-alone and to the collective group of customers through strong network effects. With customers in several countries globally, Onix is well-positioned to capitalize on the growing demand for lifting equipment management solutions and continue its growth.

– Partnering with Viking Venture is a game-changer for us. With their impressive track record and combination of capital, experience, and networks, we can expand our reach and make a strong global impact. Their support is highly appreciated, and we look forward to a strong partnership from now on, says Bernt Håvardsholm, CEO and co-founder of Onix

About Onix

Onix is a Norwegian business-to-business software company helping companies manage and oversee lifting equipment to promote safety and compliance. The company was founded by Bernt Håvardsholm and Kjetil Bakkan, and its headquarters is in Stavanger, Norway. Onix’s software enables equipment owners, inspectors, and suppliers to digitally share, create, and deliver information about equipment. The software ensures that the equipment is used in the right way. With over 450 paying customers across multiple segments and north of 30 mnok in ARR, Onix has established itself as a leading player in the market.

To learn more about Onix, please visit their website.

About Viking Venture

Viking Venture, the leading Nordic B2B Software investor, invests in fast-growing scale-up companies in the Nordics. The investment focus is business-to-business software companies with international potential. Viking Venture has over NOK 4 billion under management and is headquartered in Trondheim, Norway. Viking Venture provides support and investment opportunities to help innovative companies grow and succeed globally.

For further information about Viking Venture: www.vikingventure.com

Header image: Magnus B. Willumsen, Investment Director at Viking Venture and Bernt Håvardsholm, CEO and co-founder of Onix

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