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The residential construction industry has faced one of its most challenging periods in decades. Fewer new projects, longer sales cycles and increased pressure on margins have affected developers, contractors and technology providers alike. Against this backdrop, Rucoria continued to grow throughout 2025. Group revenue increased from just over NOK 14 million in 2024 to nearly NOK 20 million in 2025 — representing close to 40% year-over-year growth. Norway accounted for approximately NOK 16 million of total revenue. While we are proud of these numbers, we believe they are the result of something more important than financial performance alone.
Customers are choosing platforms over point solutions
Residential developers and contractors are increasingly looking to simplify their technology landscape. Instead of managing multiple disconnected tools, they want a single platform that supports the entire homebuyer journey. From options and change management to inspections, handovers, warranty handling and communication, Rucoria brings these processes together in one solution. This creates better collaboration, greater visibility and a better experience for both project teams and homebuyers.
Long-term partnerships create long-term value
One of the strongest indicators of success is customer trust. We continue to see very high customer retention while welcoming new customers across Norway, Sweden and Germany. That combination allows us to invest confidently in both our product and our organisation. Our ambition has never been to build software that simply digitises existing processes. We want to help our customers work smarter, reduce complexity and improve quality throughout the entire project lifecycle.
Continuing to invest
Earlier this year, Rucoria raised NOK 21 million from existing investors. The funding enables us to continue investing in our platform, expand internationally and accelerate our work with artificial intelligence. AI has already become an integrated part of how we develop the platform and support our customers. Going forward, we see significant opportunities to automate repetitive tasks, improve decision-making and help project teams deliver even better customer experiences.
Looking ahead
The market remains demanding, and we expect it to stay that way for some time. Our focus remains unchanged: continue building products our customers genuinely value, deliver excellent customer support and invest for long-term growth. We would like to thank our customers, partners, investors and colleagues for being part of that journey. We are excited about what comes next.
