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Startups & Venture·October 22, 2026·1 min read

More startup ‘mafias’ are coming in Norway, predicts VC

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The prediction of more Norwegian ‘mafias’—with roots in companies like Cognite and Physical AI—means the region is entering the repeat-founder flywheel phase. If you’re hiring or investing in Nordics, bias toward alumni networks of the first-generation winners; that’s where the next decade of deal flow and talent density will concentrate.