Portfolio

AblePay Technologies

Offered BlueSIM-cards that added Bluetooth to any payment terminal and upgraded it for mobile payment in less than 5 minutes. The company was divested in 2019.

Ace Oil Tools

Offers innovative stop-collars for the oil and gas industry which are more cost-efficient and reliable than existing technology.

AIA Science

Offered data analytics and artificial intelligence solutions which measured the carbon footprint in real time. The company was dissolved in 2020.

• Fund

Alliance Venture Delta

Alliance Venture is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders with global ambitions.

AlpinCo

Owns Norwegian travel destinations such as ski resorts Hafjell and Kvitfjell. The company was divested in 2018.

• Fund

Antler Europe Fund I

Antler’s Nordic Fund invests in early-stage technology companies in Norway, Sweden and Denmark. Antler is a Norwegian-founded VC company that builds and invests in technology startups all over the world.

• Fund

Antler Nordic Fund II

• Health

Apim Therapeutics

Develops drug candidate for treatment of cancer based on novel intervention point PCNA which is critical in the regulation of cellular stress responses.

Aptomar

Provided Integrated Field Monitoring sensors, systems and services for the oil and gas industry. The company was divested in 2016.

Arbaflame

Recycles bio-waste from sustainable forestry to sustainable energy and bio-chemicals.

• Fund

Arkwright X – AXIF

Invests in early stage technology companies solving problems and inefficiencies within the B2B sector.

• Fund

Atomico Venture VI

BerGenBio

Develops drugs known as checkpoint inhibitors to prevent cancer from spreading as well as resistance to chemotherapy treatment.

• Other sectors

Bioenvision

Develops an additive which gives materials new or improved properties such as fire retardant, oxygen barrier and water repellant.

bMobilized

Offered software that automatically converted and published content from websites to smart phones.

BookNorway

Offered an IT solution for online purchase of travels and tourism products in Norway. The company was divested in 2013.

Calliditas Therapeutics

Reformulates drug candidates so that they can be sold to new patient groups and markets, first drug candidate being Nefecon which treats patients with the rare kidney disease IgAN.

• Health

Calluna Pharma

Develops therapeutic drug sfor the treatment of fibrotic diseases.

• Health

Cardiomech

Develops a catheter-based implant which repairs mitral flap failure and is a less invasive alternative to open heart surgery.

• Technology

Cavai

Develops a conversation-based advertisement cloud service for media houses, media agencies, advertisement agencies and brands.

ChapDrive

Developed a patented hydraulic drivetrain solution for wind turbines to eliminate the mechanical gearbox and reduce cost of energy. The company was dissolved in 2013.

• Technology

Chess.com

Provides premier digital experiences for chess players and students around the world through its ecosystem of chess products and services.

• Health

Cimon Medical

Develops and manufactures novel Doppler ultrasound technology for healthcare and aim to become the market leader in continuous direct monitoring of blood-flow.

• Fund

Core Equity I

Cryogenetics

Offers technology which streamlines breeding-related work in the global seafood industry.

Culture Intelligence

Provides Culture-as-a-service to help leaders understand, measure, redesign and activate culture.

• Health

Curida

Delivers Pharmaceutical Contract Development and Manufacturing Organization (CDMO) services with its core competency in blow-fill seal, spray and bottles.

• Technology

Cyviz

Offers exceptionally intuitive communication, collaboration and visual-display systems for meeting rooms, collaboration rooms and control-centre environments.

• Technology

Dagens Mothership

A digital sales and ordering platform that facilitates direct trade between food producers and professional buyers. Dagens wants to be a sustainable alternative to existing industries characterized by a focus on high volume, low price and standardized products that are at the expense of biodiversity, environment and quality.

• Technology

Dele Health Tech

Offers intelligent middleware for fall detection among the elderly.

Digital Markedsplass

Owns company Vaskehjelp which has developed a platform in order to facilitate easy communication between cleaner and customer.

• Health

Dignio

Provides remote patient monitoring, which enables healthcare professionals to follow up patients in a safe way, simultaneously as patients experience increased sense of achievement and control over their own health.

Dimension10

Develops interactive VR-based collaboration solutions.

Energy Micro

Offers world leading energy-efficient microcontroller solutions. Energy Micro was acquired by Silicon Laboratories in 2013.

• Health

Exact Therapeutics

Develops a technology platform for ultrasound-mediated, targeted delivery of drug therapies.

ExproSoft

Provides software and database products for the upstream sector of the oil and gas industry.

• Technology

EYR Medical

Offers B2B and B2C video consultations with doctors and other digital health service providers.

• Environment technology

Farmforce

An agritech SaaS company that focuses on “first mile” production in agriculture.

Fonn

Offers a user-friendly interactive platform for the construction industry, directed towards field workers and administration.

Friend Software Corporation

Offers software that enables integration of applications and data across all existing operating systems.

GasSecure

Offered the world’s first truly wireless optical gas detector for demanding industrial applications. The company was acquired by Dräger Holding International GmbH in 2015.

GoDigitalChina

Delivers a marketing platform which allows Western companies and brands exposure to the Chinese market.

• Fund

Hadean Capital I

Invests broadly within Life Science, typically in companies in clinical development or early commercial phases with the Nordics as a focal point.

• Fund

Hadean Capital II

Invests broadly within Life Science, typically in companies in clinical development or early commercial phases with the Nordics and Western-Europe as focal points.

Harvest Funds

Offers easier, faster and more cost-efficient financial modeling based on scaleable technology.

• Environment technology

Havgul Clean Energy

Develops wind power projects in Norway and Sweden.

• Technology

Heimdall Power

Develops and delivers an integrated IoT solution to power companies consisting of sensors and software which allow surveillance of electric grids.

• Health

Hemispherian

Develops a novel class of small molecule drugs (GLIX) as an epigenetic therapy for particularly aggressive cancers.

Hubro Therapeutics

Develops cancer vaccine for the treatment of gastrointestinal cancers.

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Hy5pro

Offers the market the world’s first hydraulic actuated prosthesis.

Iconic

Develops instrumented plugs for use in oil and gas wells.

• Fund

Idekapital Fund 2

Invests in Norwegian companies within B2B SaaS in late-seed and early venture with Series A-C as the focal point.

• Fund

Idekapital Growth Horizon

Identifai

Software to identify performance, condition and deviations in the operation of industrial plants.

• Technology

Ignite Procurement

Offers a digital tool for strategic procurement.

Innotech Solar

Manufactured high quality photovoltaic (PV) modules at very low production cost by recycling rejected PV cells from other manufacturers with a proprietary testing and optimization process. The company was divested in 2014.

• Technology

Intelecy

Develops tools that help industrial production companies analyze big data from industrial IoT using machine learning.

• Technology

Joymo

Offers a digital platform for live broadcasts and storage of sports events and activities.

Kebony

Offers environmentally sustainable alternatives to tropical hardwood, with superior quality, durability and cost efficiency.

• Environment technology

Keep-it Technologies

Offers flexible freshness and quality indicators for the food, pharmaceutical and chemical industries.

• Technology

Kezzler

Digitize products to collect, structure and share traceability data at scale.

• Fund

Kongsberg Pre-Seed Fund I

Kongsberg Pre-Seed Fund I, invests in early-stage deep tech companies all over Norway. The fund creates value through the combination of active ownership with pre-seed investments and offers business development and industry expertise from Kongsberg Innovation’s industry network.

 

MetallKraft

Recycled slurry from PV wafer manufacturing. The company was divested in 2012.

• Fund

Momentum II

Invests primarily in Norwegian seed and series A companies with a focus on digitalization, impact and the ocean.

Motimate

Offers B2B digital and mobile learning- and communication platforms.

Måselv utvikling

Developed a tourism destination in Arctic Norway. The company filed for bankruptcy in 2013.

Nisonic

Develops a method for measuring intracranial pressure using ultrasound and machine-learning.

• Technology

Nomono

Developed a new wireless microphone that can be used in 360 degrees sound production as well as software which automates post-processing.

Nordic Halibut

Operates a halibut farm keeping the entire value chain (broodstock, eggs, fry and fish)  in-house. The company was divested in 2019.

• Fund

Norselab Feeder Fund I

• Fund

Norselab Meaningful Equity II

A venture fund that invests primarily in Norway, in rapidly growing technology companies with clear positive implications for people and the environment.

• Technology

Northern Tech Holding

Offers an open source tool for updating embedded devices safely and reliably.

• Technology

Novelda

Provides the world’s most accurate, intelligent and reliable radar sensor solution for human presence detection for applications such as consumer electronic devices and smart building systems.

• Technology

Numascale

Offers unique software and hardware technology for big data analytics.

OCAS

Offers radar technology that enables intelligent use of aviation lights on obstacles such as wind turbines. The company was acquired by Vestas in 2011.

• Marine sector

Ocean Space Acoustics

Develops a semi-passive transponder which marks fishing equipment, streamlining the localization of lost equipment through the use of sonars or echo sounder.

OceanSaver

Developed ballast water treatment system for large ships. The company filed for bankruptcy in 2017.

• Health

Onio

Develops battery-less sensors for a wide range of applications.

• Energy

Ovun Holding

Supplied advanced equipment to the international seismic industry, and is a leader in the design, construction and rotational molding of plastic.

PadTech

Offered innovative packaging solutions for the cosmetics and pharmaceutical industries. The company was divested in 2013.

• Technology

Pickatale

Offers an interactive reading and listening app for children and primary school students, making learning more exciting and engaging.

Ping Communication

Offered high-end broadband gateways, VoIP adapters, fibre solutions and high performance remote monitoring and management systems. The company was divested in 2013.

Pinovo

Offered a state-of-the-art closed loop grit blasting for surface treatment in the maritime and offhore industries. The company was divested in 2013.

Placewise Group

Supplies point-to-point solutions for data driven mobile customer dialogue aimed at shopping centers.

• Marine sector

Planktonic

Offers cutting-edge start feed for farmed fish fry, eliminating a bottleneck for growth in the global aquaculture industry; the initial feeding of fry.

• Health

Pluvia

Develops a therapeutic treatment to improve the life quality of children born with the rare metabolism disease Phenylketonuria (PKU).

• Technology

poLight

Offers the fastest and lowest power-consuming autofocus actuated lens enabling new camera phone functionalities such as taking All-In-Focus pictures.

• Technology

Rayvn

Delivers an effective and user-friendly crisis management platform which helps customers minimize impact on business operations and restore operations quickly.

Robotic Drilling Systems

Offers an innovative autonomous robotic rig for unmanned drilling operations. The company was acquired by Nabors in 2017.

• Fund

Sandwater Fund I

SantoSolve

Offered innovative pain relief products for the pharmaceutical industry. The company was divested in 2012.

• Fund

Sarsia Fond III

• Energy

Scale protection

Offers patented technology and services that analyze and prevents deposits (scaling) in oil and gas wells.

• Technology

Scout Drone Inspection

Develops an autonomous drone that will provide a complete visual inspection and non-destructive testing (NDT) solution for enclosed and poorly lit environments.

• Technology

sensiBel

Commercializes ultra-high-sensitivity microphones based on optical MEMS technology.

• Other sectors

Shelterwood

An investment company for venture investments which operates in the forestry sector and is managed by Investinor. Norsk Skogkapital, Norske Skog, Borregaard and Skogbrand are co-investors.

• Energy

Shoreline

Provides web based, user-friendly, verified and proven simulation software for offshore wind project life cycle – from early project assessment until decommission.

• Fund

SINTEF Venture IVB

Invests in seed capital and in companies that commercialize deep-tech solutions from SINTEF’s research environments.

• Fund

SINTEF Venture VI

• Fund

Skagerak Capital IV

Invests in seed and early venture companies within DeepTech and SaaS.

• Fund

Skyfall Ventures Fund I

Invests in early stage B2B and B2C technology companies.

• Fund

Skyfall Ventures Fund II

Smartfish

Manufactures juice-based nutrition drinks with added Omega 3 for the medical and consumer nutrition markets.

• Fund

Snö Fund II

• Fund

Snö True North

Invests in early venture technology companies across industries.

• Fund

Sondo Fund I

Invests NOK 2-5 million in pre-seed and seed teams with a connection to Norway.

Sorbwater Technology

Provides a suite of completely bio degradable production chemicals for use in high performance water treatment applications in the oil and gas industry.

Soundrop

Offered a social music discovery platform which boosted revenues from streaming music services for artists and labels. The company was divested in 2016.

SpinChip Diagnostics

Develops a state-of-the-art platform for rapid and precise in vitro blood analyses in a point of care setting.

Spotlio

Offering digital solutions to ski resorts, parks and other destinations ranging from apps to e-commerce.

• Fund

Spring B Fund I

• Fund

Startuplab Founders Fund IV

• Energy

Stimline

Supplies wireline and coiled tubing equipment for onshore and offshore operations.

Store Norske Elementfabrikker

Manufacturer of sustainable building elements based on Norwegian timber.

• Technology

Strise

A software company that automates AML processes and eliminates compliance backlogs through intelligent workflows. With Strise, AML teams combat financial crime more efficiently, make faster decisions, and ensure reliable compliance.

Swarm64

Offers hardware and software solutions that scale databases in size and speed beyond their current limitations.

• Health

Tellu IoT

Offers a scalable IoT platform for the health care industry. With integrated solutions and services that enables digital surveillance and remote patient monitoring.

Termowood

Offers a new patented concept for building construction with wood-based elements.

Think

Developed and manufactured the electric car THINK. The company was divested in 2011.

• Technology

Timely

Offers software for automated tracking and registration of time usage.

Topro Industri

Manufactures and sells premium rollators and other aids for a global market.

• Technology

TouchNetix

TouchNetix’ mission is to be a global leader creating better user experiences (UX). The company’s products range from the unique aXiom touchscreen UX chips (semiconductor) to complete touchscreen sensor modules.

• Health

Tribune Therapeutics

Developing novel medicines to treat patients with a wide range of fibrotic diseases.

• Technology

Two

A modern B2B payments platform designed to simplify and secure business transactions across all sales channels

• Technology

Unacast

Offers the world’s largest network of beacon and proximity data, connecting the physical world to the digital for online retargeting and attribution.

• Fund

Unconventional Ventures Fund I

• Technology

Varjo

Develops advanced VR and XR headsets with very high resolution, aimed at professional users. Their solutions are used for demanding tasks such as astronaut and pilot training, car and product design, as well as research work.

Verdande Technology

Offered case-based reasoning (CBR) software and services for the oil- and gas industry, financial services and health care industry. The company filed for bankruptcy in December 2014.

Vibbio

Delivers a B2B platform that makes video production for social media easy and available without the need for professional marketing or advertising agencies

Villoid

Develops an app which brings fashion, inspiration, and e-commerce seamlessly together.

• Technology

VilMer

Offers a digital solution that creates a local meeting and market place for the elderly based on cooperation between municipalities, businesses and NGOs.

Vitux Group

Offers Omega 3-based dietary supplements and pharmaceutical products.

Viva Labs

Offers a white label SaaS cloud platform that enables companies to quickly and easily launch premium smart home solutions under their own brand.

• Marine sector

Water Linked

Develops a unique technology that makes wireless positioning and communication possible under the ocean surface.

Well Conveyor

Develops a four-wheeled conveyance tractor for downhole deployment in oil wells.

Xeneta

Offers market-leading insight and price comparison services to companies with global shipping operations.

• Energy

Xsens

Offers patented technology for measuring flow rates in oil and gas pipelines.

Zi-Lift

Offers a game-changing new generation of artificial lifts for the oil and gas industry which enables downhole pumping systems to be deployed where they currently cannot be deployed.

Ziebel

Brings fiber optic technology to any well through carbon rod conveyance.

• Technology

ZTL Payment Solution

Offers ERP vendors payment technology for B2B, which is integrated into their accounting system, and enables them to carry out payment and foreign exchange transactions without using traditional expensive financial institutions as intermediaries.