Ardoqrevenue, valuation & funding
Strategy And Innovation Roadmapping ToolsOslo, NorwayFounded 2013CEO Erik Bakstad
Ardoq is a privately held software company based in Oslo, Norway, and is not owned by any other company.
Ardoq revenue
Ardoq has not published its revenue. GetLatka estimates it at about $35.5M a year (October 2024).
All 5 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Jun 2020 | $2.5M | – |
| Nov 2021 | $9.2M | – |
| Mar 2022 | $15.9M | – |
| Nov 2023 | $23.6MEST. | GetLatka estimate |
| Oct 2024 | $35.5MEST. | GetLatka estimate |
– source not recorded
Ardoq valuation
Ardoq is privately held, so there is no Ardoq stock to buy. Investors valued it at $300M in its March 2022 Series D.
Ardoq funding rounds & investors
Ardoq has raised $163.7M across five rounds since 2016. The latest was a $126.1M Series D in March 2022.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Mar 2022 | Series D | $126.1M | $300M |
| Mar 2021 | Series C | $26M | – |
| Jun 2020 | Series B | $6.6M | – |
| Feb 2019 | Series A | $3.8M | – |
| Jan 2016 | Seed | $1.2M | – |
| Total raised | $163.7M |
Ardoq competitors
Ardoq competes most directly with Lucidchart and LeanIX.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Lucidchart | $210M | $170.5M | 1,209 | 130M | 2010 |
| Ardoq | $35.5M | $163.7M | 262 | – | 2013 |
 LeanIX | $25M | $120.1M | 706 | 230 | 2012 |
Ardoq CEO & employees
Erik Bakstad is CEO of Ardoq. Ardoq had 262 employees (December 2024, LinkedIn), up from 228 a year earlier.
- Erik BakstadCEO
- Helen SuttonChief Revenue Officer
- Monica Visconti-PatelChief Marketing Officer
- Øystein EllingbøChief Technology Officer
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 262 | |
| Oct 2024 | 259 | |
| Nov 2023 | 228 | – |
| Jul 2023 | 228 | – |
| Nov 2022 | 162 | – |
| Mar 2022 | 162 | – |
| Nov 2021 | 144 | – |
| Nov 2020 | 126 | – |
Ardoq FAQ
What is Ardoq's revenue?
GetLatka estimates Ardoq's revenue at about $35.5M a year (October 2024). The company hasn't published its own figure.
What is Ardoq's valuation?
Investors valued Ardoq at $300M in its March 2022 Series D.
How much funding has Ardoq raised?
Ardoq has raised $163.7M across five funding rounds. The latest was a $126.1M Series D in March 2022.
Is Ardoq publicly traded?
No. Ardoq is a private company, so its shares aren't traded on a stock exchange.
How many employees does Ardoq have?
Ardoq had 262 employees in December 2024, according to LinkedIn.
Who is the CEO of Ardoq?
Erik Bakstad is the CEO of Ardoq.
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How this page is sourced
2 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 2, 2026Data disclaimerReport a correctionClaim this profileRun Ardoq? Join the podcast