The founders of Wide Assessment were both surprised and happy when they managed to raise doubled the amount of capital intended in the second funding round.
Wide Assessment was established in 2016 and finalized their first funding round of 1,1M NOK in the fall the same year. When the company opened the next round a year later, the interest from investors was so surprising that they decided to do two parallell rounds. Within just weeks, both were closed at a total of 2M NOK.
The story begins with a daughter and a father who realize that they can work together without getting on each other's nerves. The seed for creating a new tool for evaluating IT skills started to grow in the father's recruitment agency. Together with CTO, Eivind Hjertnes, the team developed WA.works, a recruitment platform that slowly but surely started to replace the original work the agency was an expert at. This attracted big clients like Knowit and Capgemini, as well as smaller tech companies.
Business Angel Ole Tom Pettersen have big faith in the new solution and have invested in all of the funding rounds.
The capital will be used to validate the model for scaling in the IT market. By the end of 2018, Wide Assessment will be aiming for Seed Capital to be able to expand to other industries.
For more info: Stine Andreassen, CEO Wide Assessment AS, +47 47372074, email@example.com