Dealflow.no - Risk and return review
Dealflow.no – Platform statistics 2026
Dealflow.no – Pros & Cons
About Dealflow.no
What it is
Dealflow.no is a Norwegian platform where investors buy shares in unlisted Norwegian start-ups and growth companies. It is run by Dealflow AS in Bergen, a company founded in 2019. The platform says more than NOK 1 billion has been invested through 131 successful campaigns (October 2026). It also runs its own market, Dealflow Exchange, where shares in 21 companies can be bought and sold. The website is in Norwegian, with a separate route for investors outside Norway.
How it works
Companies raise money through a campaign on the platform; recent and coming campaigns include well-known Norwegian consumer brands and technology firms. You read the company's offer, choose an amount and subscribe for new shares. If the campaign succeeds, you become a shareholder in that company. There is no automatic investing and the platform does not rate the companies. The minimum amount per campaign is not stated on the pages we could read.
Returns
There is no set return. You earn only if the company grows and its shares can later be sold for more, or if it pays dividends, which young companies rarely do. Dealflow.no publishes no figures on how past campaigns have performed: no sales of companies, no listings, no dividends and no average gain (as of October 2026). Prices on Dealflow Exchange are shown per company, but not compared with the price investors originally paid.
Losses and defaults
There are no loans, so there is no default rate. The equivalent figure for shares, how many funded companies have failed or been written off, is not published for any of the 131 campaigns. Many young companies fail, and when they do, shareholders usually lose all of their money. The platform's page on the risks of unlisted shares showed no text when checked in October 2026.
What secures your money
Nothing secures your money. Shares are not secured by any asset, there is no guarantee, no buyback and no compensation if a company fails. The protections that exist are of a different kind: Dealflow AS is supervised by Norway's financial regulator and must follow investment-service rules on how offers are presented and how orders are handled, and each company must publish its offer documents. How your shares are registered, directly in the company's shareholder register or through the platform, is not stated on the pages we read. For you this means that each investment can be lost in full, so only money you can afford to lose should go in.
Who runs it and its licence
Dealflow AS (Norwegian organisation number 922 927 995, Bryggen 3, Bergen) is registered with Finanstilsynet, the Norwegian financial regulator, as an investment firm since 20 December 2019. It may receive and pass on orders, carry out orders and place shares for companies, and advise companies on their capital structure. This is a Norwegian investment-firm licence, not the EU crowdfunding licence; Finanstilsynet gives no separate licence number. No warning or sanction by the regulator has been found.
Fees
No fee schedule is published on the pages we could read, neither for investors nor for the companies raising money. Ask the platform before investing what you will be charged to buy and to sell on Dealflow Exchange.
Getting your money out
Shares have no end date. You can try to sell on Dealflow Exchange, which listed 21 companies in October 2026, but a sale needs a buyer at a price you accept, and most of the 131 funded companies are not listed there. Otherwise you get money back only if the company is sold, listed on a stock exchange or pays dividends.
Our view
Return: not rated — no return figure of any kind is published. Risk: High (higher means more risk) — shares in young companies are unsecured and often lost, and the platform publishes no figures on failed companies, write-offs or exits, so investors cannot see how past campaigns turned out. Missing loss data counts against a platform. Risk-return: not rated, because there is no return figure.
Regulation
License / Regulation: Finanstilsynet (Norway): Dealflow AS (org. no. 922 927 995) is registered as an investment firm (verdipapirforetak) authorised to provide investment services since 20 December 2019: reception and transmission of orders, execution of orders, and placing without a firm commitment, plus advice on capital structure. Not an EU crowdfunding (ECSP) licence; Finanstilsynet issues no separate licence number.
Functionality
For Investors
Useful Information
Yes. Dealflow AS has been registered with Finanstilsynet, the Norwegian financial regulator, as an investment firm since 20 December 2019. It may place shares for companies and receive, pass on and carry out investors' orders. It is a Norwegian licence, not the EU crowdfunding licence.
The platform does not say on its public pages which bank or account receives investors' money before shares are issued. Ask before you invest.
The minimum is not stated on the pages we could read; it may differ by campaign.
No figures are published. Dealflow.no reports only that more than NOK 1 billion has been invested in 131 successful campaigns. It does not say how many companies have been sold, listed or have failed, or what investors gained or lost.
Nothing. You own shares in a young company with no security, guarantee or buyback; if the company fails, the money is usually lost. The protection lies in the regulator's rules for how offers are presented and orders handled, not in any security on your money.
Possibly, on Dealflow Exchange, the platform's own market, which listed 21 companies in October 2026. You need a buyer at a price you accept. Shares in companies not listed there can usually be sold only if the company is sold or listed on a stock exchange.
No fee schedule is published on the pages we could read. Ask the platform what it charges for subscribing and for trading on Dealflow Exchange.
Your shares are in the companies you invested in, not in Dealflow AS, so they should not be lost if the platform closes. But Dealflow Exchange would stop, making shares harder to sell, and how your holdings are registered is not stated on the public pages.
A market run by Dealflow.no where investors can buy and sell shares in some companies that raised money on the platform. In October 2026 it listed 21 companies, with bid, ask and last-trade prices shown for each.
