TWO AS

Operating

Tjenester for B2B netthandel, samt annet som naturig faller sammen med dette.

Utvikling av fakturaløsninger for B2B netthandel.

Organization

CEO: AM
Andreas Mjelde1983
Chairman of the board: AM
Andreas Mjelde1983
Years since formation: 6 years; since Nov 17, 2020
Type: Limited company
VAT registered: Yes
Number of employees: 20

Ownership

Number of shares and share classes: 262,046; 3 share classes
Total number of shareholders: 160; 45 companies, 115 persons
Belongs to group of

Financials

Total operating income 2025: 23,223,862; NOK
Annual total result 2025: -42,484,328; NOK
Total equity 2025: 294,809,463; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
AM Andreas Mjelde 1983	Managing Director/CEO	-

Board

Name	Role	Shares
AM Andreas Mjelde 1983	Chairman	-
ST Stavros Tamvakakis 1985	Board Member	-
JK Joachim Krüger 1988	Board Member	-
MJ Moshe Jacob Koyfman 1977	Board Member	-
KØ Kristian Øvsthus 1979	Board Member	-

Others

Name	Role	Shares
F FORVIS MAZARS AS	Auditor	-
E ECIT NORIAN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MA Mjelde Andreas 1983	-	13.51 % indirectly
KJ Krüger Joachim 1988	-	5.72 % indirectly
LI Lyngedal Ivar 1995	-	1.14 % indirectly
ØK Øvsthus Kristian 1979	-	1.13 % indirectly

Last update: Aug 27, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
CI Capital Ii Lp Shine	A-shares	38,419	14.66 %
A AMA AS	Ordinary shares	35,407	13.51 %
GF Global Fund Master S Rl Antler	A-shares	20,711	7.9 %
CU Capital Us Scout Seed Fun Sequoia	Preference shares	17,772	6.78 %
M MONOZUKI AS	Ordinary shares	15,000	5.72 %
SL Stamvaka Ltd	Ordinary shares	14,947	5.7 %
XL Xi Lp Localglobe	Preference shares	13,762	5.25 %
I IDEKAPITAL FUND 2 AS	A-shares	10,967	4.19 %
I INVESTINOR DIREKTE AS	A-shares	9,602	3.66 %
AV Alliance Venture Delta Ab	A-shares	7,134	2.72 %
LD Limited Dushman	Ordinary shares	5,774	2.2 %
T TWO AS	Ordinary shares	5,076	1.94 %
CS Club Seed Fund I Visionaries	Preference shares	4,719	1.8 %
VT Ventures Two Trust Alumni	A-shares	4,031	1.54 %
A AXIF 4 AS	A-shares	3,936	1.5 %
NT Niinivaara Timo	Ordinary shares	3,817	1.46 %
GM Ga Meridiana Sl Laura	Ordinary shares	3,500	1.34 %
GP Growth Partners Limited Zinal	Preference shares	3,129	1.19 %
I ICECREAM EXTREME AS	Ordinary shares	3,000	1.14 %
VF Venture Fund Lp Acting Nordstar	A-shares	2,924	1.12 %
B BRING VENTURES AS	Preference shares	2,682	1.02 %
D DRACHIR AS	Ordinary shares	2,500	0.95 %
TE True Equity I Aggregator Llc	A-shares	2,400	0.92 %
R RINGGÅRDEN AS	A-shares	2,344	0.89 %
VD Venture Delta Norwegian Alliance	A-shares	1,991	0.76 %
US Us Scout Seed Fund Iii Sc	A-shares	1,731	0.66 %
JO Jung Oliver	Preference shares	1,349	0.51 %
S SOBRAL INVEST AS	Ordinary shares	1,250	0.48 %
EI Equity Ii Lp True	A-shares	1,201	0.46 %
LD Lindsay Douglas	Ordinary shares	1,100	0.42 %
XL Xi Lp Localglobe	A-shares	991	0.38 %
CS Club Seed Fund I Visionaries	A-shares	915	0.35 %
TM Theodosiu Marina	Ordinary shares	900	0.34 %
GV Global Ventures Fund 1 Lp D	Preference shares	891	0.34 %
IA I A Series Of Nomad Capital V Fund	Preference shares	808	0.31 %
A AXIF 4 AS	Preference shares	764	0.29 %
B BRING VENTURES AS	A-shares	716	0.27 %
OV One Ventures Fund Ii Lp Day	A-shares	674	0.26 %
DN De Nicolay Arnoud	Ordinary shares	600	0.23 %
BD Barton Deane	Ordinary shares	590	0.23 %
YV Yaka Ventures Lp Hard	A-shares	539	0.21 %
B BRØNSTAD HOLDING AS	Ordinary shares	500	0.19 %
AE Antler Europe Fund I Ab	A-shares	404	0.15 %
CS Carrington Stait Greg	Ordinary shares	400	0.15 %
KR Kenney Robert	Ordinary shares	400	0.15 %
VL Ventures Lp Fund Ia Airangels	A-shares	337	0.13 %
VL Ventures Lp Fund I Airangels	A-shares	337	0.13 %
AE Antler Europe Fund I Ab	Preference shares	290	0.11 %
IA I A Series Of Nomad Capital V Fund	A-shares	270	0.1 %
S SKJELLAUG CAPITAL AS	Ordinary shares	250	0.1 %
EZ Elias Zablah Mario	Ordinary shares	245	0.09 %
T TEEK AS	A-shares	217	0.08 %
RD Remenyfy Daniel	Ordinary shares	216	0.08 %
S SONDO FUND 1 AS	A-shares	215	0.08 %
H HONUNGSDUGG AS	Ordinary shares	200	0.08 %
C CASTLE INTERACTIVE AS	Ordinary shares	200	0.08 %
Z ZIFRONI CAPITAL AS	Ordinary shares	200	0.08 %
A AKVA AS	Ordinary shares	179	0.07 %
A ARKWRIGHT X INVEST AS	Preference shares	169	0.06 %
EG Expeditions Gmbh Rj	Preference shares	155	0.06 %
KS Kleive Sjur 1992	Ordinary shares	150	0.06 %
DP Dixit Parabhusan	Ordinary shares	150	0.06 %
OJ Oyekan Joyeoba	Ordinary shares	150	0.06 %
KB Kunwar Bharat	Ordinary shares	150	0.06 %
EJ Edwards James	Ordinary shares	150	0.06 %
VL Ventures Lp Fund I Airangels	Preference shares	146	0.06 %
VL Ventures Lp Fund Ia Airangels	Preference shares	146	0.06 %
MF Muhammad Faris Aiman Kamil Nik 2000	Ordinary shares	140	0.05 %
EH Erik Hallum Advisory Ab	A-shares	134	0.05 %
D DOVREGUBBEN HOLDING AS	Preference shares	126	0.05 %
TA Tavassoli Arian	Ordinary shares	125	0.05 %
TW Tjrnlund William	Ordinary shares	125	0.05 %
TO Tikhturov Oleg	A-shares	121	0.05 %
S SUBITO HOLDING AS	Preference shares	121	0.05 %
S SPITERSNUTEN AS	Preference shares	116	0.04 %
TO Tikhturov Oleg	Preference shares	116	0.04 %
JR Jack Robinson Matthew	Preference shares	116	0.04 %
F FOSSIL INVEST AS	Preference shares	107	0.04 %
B BJØRSINVEST AS	Ordinary shares	100	0.04 %
C CLOUDBERRY TECH AS	Ordinary shares	100	0.04 %
KM Khritantsev Maksim	Ordinary shares	100	0.04 %
BN Batishcheva Nataliya	Ordinary shares	100	0.04 %
PG Preuss Georg	Ordinary shares	100	0.04 %
AD Alexander Davies George	Ordinary shares	100	0.04 %
KG Kerr Graham	Ordinary shares	100	0.04 %
WJ Worthington James	Ordinary shares	100	0.04 %
SD Seirdski Dawid	Ordinary shares	100	0.04 %
DD Dorogonov Dmytro	Ordinary shares	100	0.04 %
RE Ralston Emily	Ordinary shares	100	0.04 %
AV Angelis Vassilis	Ordinary shares	100	0.04 %
S SPITERSNUTEN AS	A-shares	98	0.04 %
OR Oliver Ransford Mark	Preference shares	95	0.04 %
M MAJEN AS	Ordinary shares	94	0.04 %
A ARKWRIGHT X PARTNERS INVEST 1 AS	Preference shares	87	0.03 %
AV Aleksandr Vladimirovich Pliev	Ordinary shares	75	0.03 %
LK Lam Kin	Ordinary shares	70	0.03 %
HS Helmig Simon	Ordinary shares	69	0.03 %
N NOOVO CAPITAL AS	A-shares	67	0.03 %
D DOVREGUBBEN HOLDING AS	Ordinary shares	65	0.02 %
MK Miller Kyle	Ordinary shares	65	0.02 %

Shares owned by the TWO AS

Name	Share class	Total number of shares	Share
T TWO BCOMMERCE AS	Ordinary shares	30,000	100 %
T TWO B2B AS	Ordinary shares	3,000	100 %
T TWO FAKTURA AS	Ordinary shares	3,000	100 %
T TWO AS	Ordinary shares	5,076	1.94 %

Last update: Sep 25, 2026

Group structure

TWO AS
Total operating income 2025: NOK 23,223,862
Operating profit 2025: NOK -44,266,846
Employees: 20

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2020
Total operating income	23,223,862	12,943,920	136,593	174,239	33,949
Annual Total Result	-42,484,328	-8,147,532	-55,213,844	-30,778,759	-11,623,732
Total assets	303,632,556	196,146,940	237,461,781	262,437,713	76,246,066
Total liabilities	8,823,093	9,613,880	43,722,362	19,755,489	6,653,814
Total equity	294,809,463	186,533,060	193,739,420	242,682,224	69,592,252

P&L

Year	2025	2024	2023	2022	2020
Total operating income	23,223,862	12,943,920	136,593	174,239	33,949
Total operating costs	67,490,708	43,659,859	59,430,986	43,119,150	11,861,993
Operating result	-44,266,846	-30,715,939	-59,294,393	-42,944,911	-11,828,044
Financial income/costs	1,782,518	22,568,407	4,080,549	12,166,152	204,312
Profit before tax	-42,484,328	-8,147,532	-55,213,844	-30,778,759	-11,623,732
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-42,484,328	-8,147,532	-55,213,844	-30,778,759	-11,623,732

Balance overview

Year	2025	2024	2023	2022	2020
Total fixed assets	80,107,296	53,604,803	12,371,763	245,533	80,267
Total current assets	223,525,260	142,542,137	225,090,018	262,192,181	76,165,799
Total assets	303,632,556	196,146,940	237,461,781	262,437,713	76,246,066
Short term debt	8,823,093	5,533,063	43,722,362	19,755,489	6,653,814
Long term debt	0	4,080,817	0	0	0
Total liabilities	8,823,093	9,613,880	43,722,362	19,755,489	6,653,814
Contributed capital	442,265,154	291,458,515	291,461,050	285,102,638	81,215,984
Retained earnings	-147,455,691	-104,925,455	-97,721,630	-42,420,414	-11,623,732
Total equity	294,809,463	186,533,060	193,739,420	242,682,224	69,592,252
Total equity and liabilities	303,632,556	196,146,940	237,461,782	262,437,713	76,246,066

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

TWO AS925 976 105

TWO AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the TWO AS

Group structure

Financials

Summary

P&L

Balance overview

Classification