Aker ASA: Cognite closes financing round with TCV

2021-06-03 08:26:00

The USD 150 million Series B investment raises Cognite's valuation to USD 1.6 billion, on a 100 percent basis. TCV thus owns 9.4 percent of the shares in the company, while Aker's shareholding stands at 50.5 percent following closing of the transaction, as well as the previous equity conversion of the convertible loan to Cognite and Series A investment by Accel.