Jenz, EUR 540K pre-seed and NOK 1M grant after a hackathon win
Jenz won the Norway AI Hackathon in June. On 21 October 2026, four months later, the Oslo company announced a €540,000 pre-seed round and a NOK 1 million (about €92,000) startup grant from Innovasjon Norge.
The hackathon was organised by Ada Ventures and Startuplab in Mandal, and Ada Ventures then became the team's first investor. tech.eu says the pre-seed came from Antler and Ada Ventures. The company's own site says it was led by the two. The team moved from Kristiansand to Oslo and joined the Antler residency programme.
Jenz builds an AI platform for retailers. It pulls data from online stores, point-of-sale, inventory, accounting and marketing tools into one structured layer that an AI agent can use, to forecast demand, flag issues and handle routine tasks. Its site names Shopify and WooCommerce stores.
Pilot onboarding began in late August. According to tech.eu, customers assigned more than 3,000 tasks across over 20 back-office systems, some reported saving up to 100 hours in their first month, and one retailer recorded a 31% increase in team capacity. These are pilot figures, and the customers are not named.
The limits: no valuation is published, and tech.eu does not say whether the grant carries conditions or whether it sits inside the €540,000.
What the money pays for: tech.eu does not say. It reports that Jenz plans to expand beyond the Nordics, with a UK launch expected within nine months.