Bent Grøver

Principal

John-Arne Hørløck

Investment Associate

Birgitte Gangmark Villmo

Investment Manager

118 past transactions

EXACT THERAPEUTICS AS

Post in 2024
EXACT Therapeutics is a clinical-stage Norwegian biotech company developing a technology platform for targeted therapeutic enhancement – Acoustic Cluster Therapy (ACT®). ACT® sonoporation is a unique approach to ultrasound-mediated, targeted drug enhancement – with the potential to significantly amplify the clinical utility of a wide range of therapeutic agents across a multitude of indications including within oncology (chemotherapy, immunotherapy), infectious diseases, and neurological conditions.

Sensibel

Venture Round in 2024
Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

Calluna Pharma

Series A in 2024
Calluna Pharma is a clinical-stage company focused on developing innovative therapies that leverage the body's immune system to treat various immunological diseases. The company has established a strong pipeline of selective antibodies aimed at addressing unmet clinical needs across a range of conditions. Its approach includes precision targeting of upstream innate immune amplifiers and the disruption of disease-associated downstream signaling pathways, all while ensuring a favorable safety profile for its therapeutic candidates. Through its research and development efforts, Calluna Pharma aims to transform treatment options for patients suffering from immunological disorders.

Ignite

Series A in 2023
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

Intelecy

Venture Round in 2023
Intelecy is a Norwegian technology company specializing in machine learning solutions for the manufacturing and processing industries. The company focuses on analyzing production data to help businesses prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of expertise in automation and industrial IT, Intelecy aims to improve predictive maintenance and process optimization for its clients. By leveraging advanced analytics, Intelecy enables organizations to reduce waste, lower energy consumption, and cut costs, ultimately providing valuable insights into their operations.

Eyr

Venture Round in 2023
Eyr is a digital healthcare platform that facilitates connections between patients and doctors through video consultations. The platform allows patients to book appointments with healthcare professionals who can address various physical ailments. In response to consultations, registered doctors provide medical prescriptions, certificates, and conduct necessary physical examinations. Additionally, the platform enables referrals to specialists when needed, thereby improving patients' access to healthcare and enhancing their understanding of their health data.

Dagens

Venture Round in 2023
Dagens developed a food distribution platform connecting producers with restaurants and consumers.

Nomono

Seed Round in 2022
Nomono is a company that focuses on simplifying the recording, production, and collaboration processes for podcasters and broadcast journalists. Established in 2019 as a spinout from SINTEF Digital, Nomono develops both hardware and software solutions that enhance field recordings, allowing users to concentrate on storytelling without the burden of technical challenges. Their innovative platform includes wireless microphones and software that automates post-production editing, improving the overall listening experience. Nomono's technology supports object-based spatial audio, making it compatible with various formats from binaural to Dolby Atmos, thus catering to a wide range of industries, including virtual reality and immersive media. The company has received funding from several seed investors and research support from Norwegian institutions.

Ignite

Series A in 2022
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

Sensibel

Series A in 2022
Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

Modulize

Seed Round in 2022
Offsite construction (OSC) platform powered by calculation and design automation Prefabrication and modular construction allow us to reduce time, cost and waste in construction projects. To unlock the full potential of prefabrication, Modulize will enable simplified information extraction from complex 3D building models. With its component extractor, contractors can process models to automatically turn relevant parts of the model into tenders to be shared with manufacturers. In addition, we are developing generative design and optimisation algorithms that will enable designers and manufacturers to seamlessly collaborate to maximise the use and benefit of prefabrication and modular design. In particular, Modulize will enable design-manufacturer fit by linking manufacturers and customers based on manufacturing capacity and capability, as well as compliance with local rules and regulations. Prefabrication and modular construction allow us to reduce time, cost and waste in construction projects. Our solution, Modulize, will unlock prefab adoption through 1) automated component extraction from 3D models and 2) generative design and optimisation algorithms that let designers, contractors and manufacturers maximise the use and benefit of prefabrication.

Unacast

Venture Round in 2021
Unacast, Inc. operates a location data platform that connects beacons and proximity sensors to online marketing platforms. Founded in 2016 and based in New York City, the company focuses on providing accurate and transparent location data through its Real World Graph®. This platform enables businesses across various industries to gain insights into human activity in the physical world while ensuring user privacy. By aggregating fragmented data and delivering contextual information, Unacast empowers companies to make informed decisions and improve their products. The company's commitment to democratizing access to data aims to enhance innovation in the marketplace. Co-founders Thomas Walle and Kjartan Slette, who previously contributed to the founding of TIDAL, have guided Unacast to receive multiple awards for its platform and corporate culture.

Memory

Venture Round in 2021
Memory is a Norwegian startup that develops tools for a better future of work. Its first product, Timely, is the world's first AI-powered time tracking and planning tool. Memory has recently introduced Dewo, a personal assistant for deep work. Founded in 2013, Memory is based out of Oslo, Norway.

Xeneta

Series C in 2021
Xeneta is a company that offers a platform for container freight pricing transparency, providing real-time and on-demand analytics for both ocean and air freight rates. Founded in 2012 and based in Oslo, Norway, Xeneta enables shippers and freight forwarders to access comprehensive freight rate information across all global trade routes. With over 45 million spot and long-term contracted rates covering more than 160,000 trade lanes, the platform helps businesses benchmark ocean container freight rates and stay informed about market price movements. By empowering clients to optimize their supply chains, Xeneta facilitates informed decision-making regarding freight procurement, allowing for a balance between timely delivery and cost efficiency.

Ignite

Series A in 2021
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

Hemispherian

Pre Seed Round in 2021
Hemispherian is a biotechnology company focused on developing innovative treatments for various types of cancer, particularly aggressive forms such as glioblastoma multiforme. The firm specializes in personalized cancer therapies and is working on a new class of small-molecule drugs designed to address significant unmet medical needs in oncology. By formulating these advanced treatments, Hemispherian aims to provide physicians with access to novel therapeutic options that can improve patient outcomes in the fight against cancer.

Cimon Medical

Series A in 2020
Cimon Medical AS, based in Trondheim, Norway, specializes in the development and manufacturing of ultrasound blood-flow monitoring devices. Founded in 2019, the company has created the NeoDoppler device, which allows for direct, non-invasive, and continuous monitoring of blood flow in the brains of premature or critically ill infants. The core innovation lies in a coin-sized ultrasound probe that operates as a single-element transducer with an unfocused beam, enabling the continuous measurement of blood circulation by illuminating a 1×4 cm cylindrical area of tissue. This design allows for the simultaneous capture of all blood flow signals within that volume, providing valuable relative measures of blood volume flow without the need for complex equipment or highly skilled operators. Cimon Medical's technology addresses previous challenges in continuous blood flow monitoring, offering a simpler and more efficient solution for healthcare providers.

Fonn Construction

Series A in 2020
Fonn Construction is a user-friendly management software for construction teams. Get your work done with every update at your fingertips.

CardioMech

Series A in 2020
CardioMech is a Norwegian company focused on developing therapeutic devices for structural heart disease, specifically aimed at providing a transcatheter alternative to traditional cardiac surgery. Founded in 2015 and headquartered in Trondheim, the company specializes in catheter-based technology that facilitates the placement of artificial chords for the mitral valve. This innovative approach allows surgeons to address severe symptomatic degenerative mitral regurgitation (DMR) caused by conditions such as prolapse or flail, without the need for open-heart surgery. By enabling minimally invasive procedures, CardioMech's devices offer new therapeutic options for patients suffering from moderate to severe mitral regurgitation, thereby improving treatment outcomes while reducing the risks associated with more invasive surgical methods.

Shoreline

Series A in 2020
We are a fast growing B2B SaaS company providing the Shoreline Platform for simulation and data analytics to optimize and improve the development and management of renewable power plants. Shoreline’s solutions are based on internally developed simulation and optimization algorithms that streamline how operators, project developers, equipment manufacturers and service providers work to develop and construct new projects and manage existing assets. We are an international team with six nationalities, representation in the US, Europe, and Asia, and are now adding people to both the technical and commercial team in an exciting growth phase with venture funding from the US and Norway.

Ignite

Seed Round in 2019
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

VIBBIO

Venture Round in 2019
VIBBIO is a video creation and management platform designed to enhance workplace communications through video storytelling. It enables businesses to effectively engage employees, facilitate training, and communicate internal updates by offering tools that allow users to create videos quickly and easily. The platform supports various functionalities, including the ability to upload and record content, soft-edit videos, add supporting texts and subtitles, and apply automatic branding. VIBBIO also features a cloud-based library for content storage and promotes collaboration among users, allowing them to reuse videos and create custom templates. By leveraging VIBBIO, organizations can ensure their communications are engaging, on-brand, and impactful, making it a valuable resource for improving the employee experience.

Xeneta

Venture Round in 2019
Xeneta is a company that offers a platform for container freight pricing transparency, providing real-time and on-demand analytics for both ocean and air freight rates. Founded in 2012 and based in Oslo, Norway, Xeneta enables shippers and freight forwarders to access comprehensive freight rate information across all global trade routes. With over 45 million spot and long-term contracted rates covering more than 160,000 trade lanes, the platform helps businesses benchmark ocean container freight rates and stay informed about market price movements. By empowering clients to optimize their supply chains, Xeneta facilitates informed decision-making regarding freight procurement, allowing for a balance between timely delivery and cost efficiency.

Skitude

Series A in 2019
Skitude is the ultimate digital platform to connect skiers and mountain enthusiasts, giving them more convenience, safety and fun when they visit any ski resort and mountain destination. And it works the other way too, connecting resorts and brands to both existing and potential customers. Since December 2020, Skitude Holding AS is a listed company in Euronext Growth Oslo, with main offices in Norway, Spain, Switzerland, and US. For more information about the group and its company brands checkout www.skitudegroup.com

Dele Health Tech

Seed Round in 2018
Dele Health Tech detects falls with 4x more accuracy than other automated fall systems and ensures that staff at any type of senior living and nursing facility are alerted in real-time. Considering that 1 in 3 community residents over 65 falls each year and that fall-related injuries account for 70 percent of deaths among people over 75, we are addressing a key issue in the healthcare industry.

Memory

Venture Round in 2018
Memory is a Norwegian startup that develops tools for a better future of work. Its first product, Timely, is the world's first AI-powered time tracking and planning tool. Memory has recently introduced Dewo, a personal assistant for deep work. Founded in 2013, Memory is based out of Oslo, Norway.

Novelda

Funding Round in 2018
Novelda is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

Nisonic

Venture Round in 2018
Nisonic is a medical technology company focused on developing innovative products for the non-invasive diagnosis and monitoring of increased intracranial pressure (ICP). The company's advanced ultrasound technology utilizes an optimized transducer for transorbital imaging and employs machine-learning algorithms to provide automatic measurements and guidance for accurate probe positioning. This approach enables medical professionals in emergency departments, intensive care units, and critical care settings to detect ICP early and intervene effectively, thereby reducing the reliance on invasive methods that carry risks of complications and are limited to larger hospitals. By integrating their software with existing ultrasound devices, Nisonic aims to enhance the accessibility and cost-effectiveness of ICP monitoring, ultimately improving patient outcomes and lowering mortality and disability rates associated with elevated intracranial pressure.

ScoutDI

Venture Round in 2018
Scout Drone Inspection AS, established in 2017 and headquartered in Trondheim, Norway, specializes in the design and development of drones and cloud-based data analytics tools for indoor inspections, particularly in industrial settings. The company has created the Scout 137 drone, which is specifically engineered for inspecting confined spaces, thereby eliminating the need for scaffolding or climbing, which can pose safety risks to human operators. The drones are equipped with indoor collision avoidance technology and navigation software, allowing for planned routes and autonomous operation. Users can conduct live inspections through the Scout Portal, accurately location-tagging findings within a 3D asset model and generating comprehensive reports. ScoutDI serves a global clientele, with customers on all continents, addressing the challenges of traditional manual inspections, which are often costly and time-consuming.

ScoutDI

Seed Round in 2018
Scout Drone Inspection AS, established in 2017 and headquartered in Trondheim, Norway, specializes in the design and development of drones and cloud-based data analytics tools for indoor inspections, particularly in industrial settings. The company has created the Scout 137 drone, which is specifically engineered for inspecting confined spaces, thereby eliminating the need for scaffolding or climbing, which can pose safety risks to human operators. The drones are equipped with indoor collision avoidance technology and navigation software, allowing for planned routes and autonomous operation. Users can conduct live inspections through the Scout Portal, accurately location-tagging findings within a 3D asset model and generating comprehensive reports. ScoutDI serves a global clientele, with customers on all continents, addressing the challenges of traditional manual inspections, which are often costly and time-consuming.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is a research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Its innovative polymers are designed for various applications, including water-repellent coatings, fire-retardant materials, and gas barrier packaging. By focusing on these advanced materials, FunzioNano AS aims to contribute to improved performance and safety in multiple industries.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is a research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Its innovative polymers are designed for various applications, including water-repellent coatings, fire-retardant materials, and gas barrier packaging. By focusing on these advanced materials, FunzioNano AS aims to contribute to improved performance and safety in multiple industries.

Well Conveyor

Venture Round in 2018
Well Conveyor AS, established in 2015 and based in Bryne, Norway, specializes in downhole engineering by developing a battery-powered slimhole conveyor designed for small horizontal wells. The company's innovative conveyor system is specifically engineered to convey logging tools for oil wells, utilizing an efficient electro-mechanical design that maximizes battery performance. This technology allows oil and gas companies to service wells that were previously inaccessible due to the limitations of traditional tractor systems, thereby enhancing operational efficiency and expanding the potential for resource extraction in challenging environments. Well Conveyor primarily serves oil services companies, contributing to advancements in downhole operations.

Termowood

Venture Round in 2018
Termowood is a company that has a lot of expertise in building materials. The company offers a new patented concept for building construction with wood based elements.

Cura8

Seed Round in 2018
Cura8 is a Norwegian health technology company developing non-invasive sensors for measuring the body’s core temperature.

Hy5Pro AS

Venture Round in 2018
Hy5Pro AS is a Norwegian Medtech company based in Oslo that specializes in the manufacture and development of hydraulic prosthetics. Founded in 2015, the company aims to enhance the quality of life for individuals across various demographics by providing advanced prosthetic solutions. Its flagship products include MyHand, which features adaptive and sensitive grips, and MySkin, designed to improve appearance while ensuring a secure grip. Hy5Pro AS is committed to innovation and has invested in creating hand prosthetics that combine optimal functionality with affordability, ensuring that users can experience full mobility and improved everyday living.

Sensibel

Seed Round in 2018
Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

Curida

Venture Round in 2018
Curida is a pharmaceutical contract development and manufacturing organization (CDMO) with core competence on Blow-Fill-Seal, Spray and Bottles.

Intelecy

Venture Round in 2018
Intelecy is a Norwegian technology company specializing in machine learning solutions for the manufacturing and processing industries. The company focuses on analyzing production data to help businesses prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of expertise in automation and industrial IT, Intelecy aims to improve predictive maintenance and process optimization for its clients. By leveraging advanced analytics, Intelecy enables organizations to reduce waste, lower energy consumption, and cut costs, ultimately providing valuable insights into their operations.

TOPRO

Venture Round in 2018
TOPRO Industri is in manufacturing mechanical and electronic components for several of Norway's largest industrial companies.

Swarm64

Series B in 2018
Swarm64 (swarm64.com) provides accelerators for relational databases that enable real-time analytics of high velocity data. Swarm64’s team is world-class in delivering FPGA acceleration and real-time database design. Founded in 2013, Swarm64 is backed by leading Norwegian and German venture investors. Swarm64 is a Norwegian company with operations in Berlin, Germany.

APIM Therapeutics

Venture Round in 2017
APIM Therapeutics AS is a biotechnology company based in Trondheim, Norway, specializing in the development of combinatorial therapies for cancer treatment. Founded in 2009, the company focuses on proprietary peptide drugs that target proliferating cell nuclear antigen (PCNA), a crucial protein involved in DNA repair and cellular responses to stress. APIM Therapeutics is advancing its lead compound, ATX-101, which has demonstrated proof-of-concept in various preclinical in vitro and in vivo cancer models. The company's innovative approach aims to disrupt the interactions between PCNA and its binding partners, offering potential strategies to eliminate cancer-specific tumor cells.

Northern.tech

Series A in 2017
Northern.tech builds a suite of ease-to-use security products for the connected world. Each product shall not only be a single-purpose product, but also complement each other to give their customers the option to pick and choose the products that best fits their needs. Their products shall address the needs of everyone from small companies to large enterprises - world wide. ***MENDER*** Mender provides a secure and robust over-the-air (OTA) software update management solution for embedded devices and the Internet of Things (connected devices) across horizontal markets. The unique benefits of Mender lies in security and robustness guarantee for devices to stay operational as they receive software updates, a very delicate and nuanced process. Even in case of a devastating event such as sudden power or network loss during an update, Mender will be able to recover and restore the device into a well known good running state. The open core business model offers minimal barriers for embedded and IoT developers to adopt and start using Mender. Mender’s focus on ease of use provides quick time-to-value allowing developers to focus on their product’s core features. ***CFEngine*** CFEngine is a large-scale software solution that helps system administrators and other stakeholders in large IT organizations to become more agile and respond faster to business requirements while ensuring SLAs and regulatory compliance. CFEngine, the inventor of infrastructure-as-code, allows users, in code using the domain specific language (DSL) of CFEngine, to define desired states of their IT infrastructure. Lightweight CFEngine agents continuously ensures that the actual states are converging toward the desired states, and reporting desired and actual states. The solution is built upon Promise Theory(https://en.wikipedia.org/wiki/Promise_theory). Written in C, CFEngine runs on multiple platforms and architectures, from the smallest embedded devices to large servers and mainframes, easily handling tens and hundreds of thousands of resources. Many DevOps organizations use CFEngine to ensure consistency across different environments and automated application deployment. Due to its strong security track-record CFEngine is widely used in regulated industries like financial services, telecom, health care and governmental agencies. The solution comes in a free open source Community Edition and paid commercial Enterprise Edition, also leveraging the open core model.

PLUVIA AS

Venture Round in 2017
Pluvia AS is a Norwegian company based in Bergen, founded in 2015, specializing in the research and development of pharmacological chaperones aimed at treating diseases associated with protein misfolding. The company is focused on creating innovative therapies that seek to enhance the quality of life for children suffering from rare congenital disorders. By addressing the underlying molecular mechanisms of these diseases, Pluvia AS aims to provide effective solutions for patients and their families.

Shoreline

Seed Round in 2017
We are a fast growing B2B SaaS company providing the Shoreline Platform for simulation and data analytics to optimize and improve the development and management of renewable power plants. Shoreline’s solutions are based on internally developed simulation and optimization algorithms that streamline how operators, project developers, equipment manufacturers and service providers work to develop and construct new projects and manage existing assets. We are an international team with six nationalities, representation in the US, Europe, and Asia, and are now adding people to both the technical and commercial team in an exciting growth phase with venture funding from the US and Norway.

Heimdall Power

Venture Round in 2017
Heimdall Power AS is a technology company based in Bergen, Norway, that specializes in smart grid solutions for the energy sector. Established in 2015, the company develops a sensor platform called Neuron, which enhances situational awareness along transmission lines and distribution feeders. This platform includes features such as line monitoring, real-time feeder visualization, fault detection and analysis, dynamic line rating, and quality assurance. By utilizing advanced technologies like artificial intelligence and machine learning, Heimdall Power provides grid owners with critical real-time data on parameters such as temperature, load, and line sag. This data aids in optimizing and digitizing power grid infrastructure, ultimately improving efficiency, reliability, and sustainability while facilitating the transition to renewable energy sources.

Villoid

Venture Round in 2017
Villoid is an online retailer that enables its users to purchase fashion products. The retailer provides its users with a mobile application that enables its users to search for and purchase the fashion items of their choice. Furthermore, the application enables designers to join their community to create fashion items that can be sold to others. Villoid was launched in 2015 and is based in Ohio.

Dimension10

Seed Round in 2017
Dimension10 AS, founded in 2014 and based in Oslo, Norway, specializes in developing a platform known as VirtuaView. This innovative platform facilitates instant virtual prototyping and enhances collaboration in virtual reality environments. By providing tools that streamline communication and collaboration, Dimension10 aims to transform how teams interact and create in virtual spaces.

Friend Software Corp.

Venture Round in 2017
Friend Software Corporation offers software that enables integration of applications and data in between all operating systems.

Sorbwater Technology

Venture Round in 2017
Sorbwater Technology AS is a fluids environmental services company based in Bergen, Norway, specializing in water and wastewater purification for the oil and gas industry. Established in 2007, the company focuses on providing innovative solutions to clean produced water and slop water, utilizing patented green chemistry and advanced separation equipment. Their product lineup includes Sorbfloc, a biodegradable flocculent for wastewater treatment, Sorbsep, which efficiently separates hydrocarbons from produced water, and Sorbpol, an automated polishing reactor designed to address clogging issues. Sorbwater also offers compact treatment plants suitable for both onshore and offshore applications, ensuring compliance with environmental standards while reducing treatment costs for clients. Although primarily focused on the upstream oil and gas sector, Sorbwater's technology has potential applications in other industries such as mining and petrochemical refining. The company's solutions have been tested and endorsed by various international oil companies, reflecting their commitment to sustainable practices and resource conservation.

AblePay Technologies

Seed Round in 2017
AblePay Technologies was founded in 2009 as a spin-out from the Research Department of Telenor, and the technology has been developed in close collaboration with SINTEF, the largest independent research organisation in Scandinavia.

AIA Science

Venture Round in 2017
AIA Science specializes in data analytics and artificial intelligence solutions tailored for smart cities. The company provides tools designed to measure carbon footprints and analyze asset values. Its services encompass a range of advanced technologies, including Internet of Things (IoT), big data analytics, and machine learning. By leveraging these capabilities, AIA Science enables clients to optimize their data utilization through deep analytics that combine human expertise with sophisticated algorithms. This approach helps organizations navigate the evolving landscape of sensor technology, ultimately enhancing their operational efficiency and profitability.

Phoenix Solutions AS

Venture Round in 2017
Phoenix Solutions AS is a Norwegian biotech company developing a technology platform for targeted drug delivery.

Scale Protection

Venture Round in 2017
Scale Protection is based in Harstad, Norway and offers patented technology and services that analyze and prevents deposits (scaling) in oil and gas wells.

Xsens

Venture Round in 2017
Xsens AS, founded in 2013 and based in Bergen, Norway, specializes in developing non-invasive measurement systems tailored for the oil and gas industry. The company's innovative solutions focus on process optimization, flow assurance, and integrity measurement, allowing for the non-invasive installation on standard process pipes. As a spin-off from Christian Michelsen Research (CMR) AS, Xsens aims to enhance operational efficiency through high accuracy and early fault detection in measurement systems.

Novelda

Funding Round in 2016
Novelda is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

poLight

Venture Round in 2016
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

Skioo

Series A in 2016
At Skioo, we want every skiing experience to be as smooth as fresh powder snow. We’re obsessively passionate about it, and our mission is to help people achieve it, too. Thanks to the Skioo Pass skiers have instant access to a large network of ski partner resorts in Switzerland and around the world. Moreover, the Skioo App creates a community of snow lovers and offers additional information and other features to fully enjoy the ski experience. Our team is made up of enthusiasts of ski and outdoor activities, backed up by amazing partners. Skioo is a Skitude company since 2019 Key tech partners: Skidata AG - Team Axess AG

Unacast

Series A in 2016
Unacast, Inc. operates a location data platform that connects beacons and proximity sensors to online marketing platforms. Founded in 2016 and based in New York City, the company focuses on providing accurate and transparent location data through its Real World Graph®. This platform enables businesses across various industries to gain insights into human activity in the physical world while ensuring user privacy. By aggregating fragmented data and delivering contextual information, Unacast empowers companies to make informed decisions and improve their products. The company's commitment to democratizing access to data aims to enhance innovation in the marketplace. Co-founders Thomas Walle and Kjartan Slette, who previously contributed to the founding of TIDAL, have guided Unacast to receive multiple awards for its platform and corporate culture.

BerGenBio

Series D in 2016
BerGenBio is a clinical-stage biopharmaceutical company that focuses on developing innovative therapies for aggressive cancers. Its leading drug candidate, bemcentinib, targets the receptor tyrosine kinase AXL and is currently undergoing clinical evaluation in a Phase 1b/2a study for first-line treatment of STK 11 mutated non-small cell lung cancer (NSCLC). Additionally, bemcentinib is in preclinical development for applications related to severe respiratory infections. The company's commitment lies in addressing significant unmet medical needs in oncology and beyond.

SpinChip Diagnostics

Venture Round in 2016
SpinChip Diagnostics AS, founded in 2012 and based in Oslo, Norway, specializes in developing point-of-care systems utilizing lab-on-a-chip technology for diagnosing various health conditions, including cardiovascular, endocrine, anemic, diabetic, infectious, and inflammatory diseases. The company is focused on providing a state-of-the-art platform for in vitro diagnostics that enables rapid, reliable analyses of blood samples in both hospital and decentralized medical settings. This fully automated device delivers results within minutes, initially targeting the rapid cardiac segment with a Troponin-I analysis currently under development. SpinChip aims to expand its offerings to include a comprehensive cardiac panel, ensuring that its platform matches the quality of high-sensitivity central laboratory analyzers, thus presenting a compelling value proposition compared to existing point-of-care solutions.

Kebony

Venture Round in 2015
Kebony is a Norwegian company based in Oslo, specializing in the production of modified wood that mimics the properties of hardwood. Founded in 1997, Kebony utilizes a patented process called Kebonization, which involves treating sustainable softwood with furfuryl alcohol, a natural byproduct of agricultural crops. This environmentally friendly method enhances the wood's durability and aesthetic qualities, allowing it to be used effectively in both interior and exterior applications. Kebony caters to a diverse clientele, including architects, designers, and developers, with a distribution network that spans Norway, Denmark, Sweden, Germany, France, Italy, the United Kingdom, and the United States. The company aims to provide a sustainable alternative to tropical hardwood, emphasizing its commitment to eco-friendly practices and superior quality wood products.

Fronteer Solutions

Funding Round in 2015
Fronteer Solutions is an asset management firm that offers a portfolio of savings and investment solutions based on predetermined criteria. The firm obtains stock information using the global index “MSCI ACWI” which consists of approximately 2,500 companies across 46 countries. Fronteer Solutions Invest AS is a registered alternative investment funds (AIF) and is offered as investment products to professional investors. It is a subsidiary of Fronteer Solutions AS. Fronteer Solutions is based in Oslo, Norway.

Swarm64

Series A in 2015
Swarm64 (swarm64.com) provides accelerators for relational databases that enable real-time analytics of high velocity data. Swarm64’s team is world-class in delivering FPGA acceleration and real-time database design. Founded in 2013, Swarm64 is backed by leading Norwegian and German venture investors. Swarm64 is a Norwegian company with operations in Berlin, Germany.

Bylineme

Seed Round in 2015
Bylineme is an online platform that serves as a global marketplace for content, primarily targeting the B2B market. It enables journalists, freelancers, and other content producers to sell and resell their articles, images, and videos to media outlets around the world. The platform simplifies the content management and distribution process, allowing publishers to easily access relevant materials while providing brands with a means to connect with freelancers for advertising needs. Bylineme effectively reduces costs associated with content production for brands and publishers, while offering content creators a valuable platform to monetize their work.

Ace Oil Tools

Venture Round in 2015
Ace Oil Tools AS, founded in 2012 and based in Randaberg, Norway, specializes in providing stop collars designed to protect control lines in downhole applications within the energy sector. The company offers a range of products, including stop collars for elevators and ratchet collars, which serve to securely lock additional downhole components onto any tube. Ace Oil Tools focuses on developing reliable tools that facilitate the installation and anchoring of downhole equipment, ensuring safety and effectiveness in energy operations.

CFEngine

Series B in 2015
CFEngine is a leader in IT automation, providing software solutions that simplify and automate the management of IT infrastructure. Its configuration management tools enable organizations to efficiently provision resources and deploy applications, significantly enhancing speed and reliability while ensuring continuous availability, security, and compliance in complex environments. CFEngine serves a diverse client base, including major financial institutions and technology companies across more than 100 countries. By focusing on the needs of large-scale IT operations, CFEngine helps organizations increase productivity and maintain stability in their infrastructure management processes.

poLight

Venture Round in 2015
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

Novelda

Funding Round in 2014
Novelda is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

Kebony

Venture Round in 2014
Kebony is a Norwegian company based in Oslo, specializing in the production of modified wood that mimics the properties of hardwood. Founded in 1997, Kebony utilizes a patented process called Kebonization, which involves treating sustainable softwood with furfuryl alcohol, a natural byproduct of agricultural crops. This environmentally friendly method enhances the wood's durability and aesthetic qualities, allowing it to be used effectively in both interior and exterior applications. Kebony caters to a diverse clientele, including architects, designers, and developers, with a distribution network that spans Norway, Denmark, Sweden, Germany, France, Italy, the United Kingdom, and the United States. The company aims to provide a sustainable alternative to tropical hardwood, emphasizing its commitment to eco-friendly practices and superior quality wood products.

Cyviz

Venture Round in 2014
Cyviz is a global technology provider specializing in high-performance visualization, collaboration, and command and control systems tailored for meeting rooms. Founded in 1992 and headquartered in Stavanger, Norway, the company operates regional offices in key cities such as Houston, Washington D.C., Dubai, Riyadh, Beijing, and Singapore. Cyviz serves a diverse client base, including global enterprises and government entities, focusing on delivering solutions that prioritize usability, security, and quality. The company offers a cross-platform experience that enables effective management and control of systems and resources across various organizations, making it a preferred choice for clients with complex requirements. The majority of Cyviz's revenue is generated from the Europe, Middle East, and Africa (EMEA) regions, followed by the Americas and other markets.

Northern.tech

Seed Round in 2014
Northern.tech builds a suite of ease-to-use security products for the connected world. Each product shall not only be a single-purpose product, but also complement each other to give their customers the option to pick and choose the products that best fits their needs. Their products shall address the needs of everyone from small companies to large enterprises - world wide. ***MENDER*** Mender provides a secure and robust over-the-air (OTA) software update management solution for embedded devices and the Internet of Things (connected devices) across horizontal markets. The unique benefits of Mender lies in security and robustness guarantee for devices to stay operational as they receive software updates, a very delicate and nuanced process. Even in case of a devastating event such as sudden power or network loss during an update, Mender will be able to recover and restore the device into a well known good running state. The open core business model offers minimal barriers for embedded and IoT developers to adopt and start using Mender. Mender’s focus on ease of use provides quick time-to-value allowing developers to focus on their product’s core features. ***CFEngine*** CFEngine is a large-scale software solution that helps system administrators and other stakeholders in large IT organizations to become more agile and respond faster to business requirements while ensuring SLAs and regulatory compliance. CFEngine, the inventor of infrastructure-as-code, allows users, in code using the domain specific language (DSL) of CFEngine, to define desired states of their IT infrastructure. Lightweight CFEngine agents continuously ensures that the actual states are converging toward the desired states, and reporting desired and actual states. The solution is built upon Promise Theory(https://en.wikipedia.org/wiki/Promise_theory). Written in C, CFEngine runs on multiple platforms and architectures, from the smallest embedded devices to large servers and mainframes, easily handling tens and hundreds of thousands of resources. Many DevOps organizations use CFEngine to ensure consistency across different environments and automated application deployment. Due to its strong security track-record CFEngine is widely used in regulated industries like financial services, telecom, health care and governmental agencies. The solution comes in a free open source Community Edition and paid commercial Enterprise Edition, also leveraging the open core model.

BerGenBio

Series C in 2014
BerGenBio is a clinical-stage biopharmaceutical company that focuses on developing innovative therapies for aggressive cancers. Its leading drug candidate, bemcentinib, targets the receptor tyrosine kinase AXL and is currently undergoing clinical evaluation in a Phase 1b/2a study for first-line treatment of STK 11 mutated non-small cell lung cancer (NSCLC). Additionally, bemcentinib is in preclinical development for applications related to severe respiratory infections. The company's commitment lies in addressing significant unmet medical needs in oncology and beyond.

Ziebel AS

Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company offers innovative technologies, particularly the Z-System, which utilizes a fiber optic composite rod to enable real-time access and visualization of well bores. Ziebel's technology supports various applications, including Distributed Temperature Sensing (DTS) for leak detection and integrity monitoring, as well as Distributed Acoustic Sensing (DAS) for fluid movement visualization and flow pattern recognition. Its solutions, such as the Z-Rod and Z-Line, are designed for safe deployment into producing or injecting wells, providing operators with critical data to enhance production efficiency and safety. Ziebel also maintains a web platform, Z-Community, to facilitate resource sharing and training for its employees and partners worldwide.

Boostcom

Series C in 2014
Boostcom AS, based in Oslo, Norway, specializes in proptech solutions for shopping centers. Established in 2004, the company provides a comprehensive suite of software tools designed to enhance the digital presence and operational efficiency of shopping malls. Its offerings include a data management platform, audience management tools, marketing automation, and advanced analytics, all aimed at improving consumer engagement and driving sales. Boostcom operates as a subsidiary of Boost Communications AS and serves over 100 shopping center clients globally, with additional offices in locations such as Poland, Sweden, the Netherlands, Dubai, Hong Kong, and the USA. The company focuses on integrating various digital touchpoints within the shopping environment through its innovative platform, The Mall Performance Cloud, ensuring measurable results for its clients.

BerGenBio

Series B in 2013
BerGenBio is a clinical-stage biopharmaceutical company that focuses on developing innovative therapies for aggressive cancers. Its leading drug candidate, bemcentinib, targets the receptor tyrosine kinase AXL and is currently undergoing clinical evaluation in a Phase 1b/2a study for first-line treatment of STK 11 mutated non-small cell lung cancer (NSCLC). Additionally, bemcentinib is in preclinical development for applications related to severe respiratory infections. The company's commitment lies in addressing significant unmet medical needs in oncology and beyond.

Verdande Technology

Venture Round in 2012
Verdande Technology, formerly known as Volve AS, specializes in developing products and services aimed at reusing knowledge through case-based reasoning. This innovative approach enables organizations, particularly in the oil and gas sector, to analyze drilling data effectively. By identifying and capturing data patterns in real-time, the company's technology helps clients make informed drilling decisions by leveraging insights from past events. This capability allows for the prediction of future problems, the diagnosis and correction of current issues, and the identification of new potential impacts, ultimately supporting smarter decision-making processes across various industries.

Cryogenetics

Venture Round in 2012
Cryogenetics specializes in cryopreservation technology aimed at enhancing reproduction outcomes for aquatic species. By freezing biological materials at extremely low temperatures, the company effectively halts all biological activity, preserving genetic diversity crucial for wild species. Their innovative solutions cater to the aquaculture industry and support conservation efforts by improving the efficiency of fish reproduction systems. Through their services, Cryogenetics provides cost-effective methods that benefit both commercial aquaculture and fish breeding programs, ultimately contributing to sustainable practices in aquatic genetics.

Numascale

Series B in 2012
Numascale AS, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the development of big data analytics appliances for enterprise servers. The company offers a range of products including NumaQ, a terascale in-memory analytics appliance designed for high-performance data analytics, and NumaQ R Appliance, which supports statistical programming with R for large data set computations. Additionally, Numascale provides MonetDB, a column-store database integrated with R for analytics purposes. Its technology features a modular chip microarchitecture, which allows system vendors to customize configurations according to performance needs, while utilizing an on-chip interconnect fabric that eliminates the necessity for external switches. Numascale's innovations enable businesses to leverage scalable in-memory computing and shared memory systems, thus simplifying the design of scale-up systems for data-intensive applications. The company operates as a subsidiary of Dolphin Group ASA.

Zilift

Venture Round in 2012
Zilift Limited is an oil and gas technology company that specializes in developing advanced magnet technologies for artificial lift applications. Founded in 2009 and based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California, Zilift focuses on creating high-efficiency downhole drive systems. Its product offerings include TorqueDrive, an integrated system for progressing cavity pumps (PCP), and SpeedDrive, a compact electrical submersible pump (ESP). TorqueDrive enhances pump performance while addressing common failure modes associated with traditional systems, allowing for improved wellbore placement options. SpeedDrive, recognized for its unique 2 5/8" diameter, can be deployed using wireline, facilitating applications in restricted access environments and enabling live well interventions without costly rig workovers. Zilift's innovative technologies aim to reduce lifting costs and expand deployment possibilities for artificial lift systems in the oil and gas industry.

Boostcom

Series A in 2012
Boostcom AS, based in Oslo, Norway, specializes in proptech solutions for shopping centers. Established in 2004, the company provides a comprehensive suite of software tools designed to enhance the digital presence and operational efficiency of shopping malls. Its offerings include a data management platform, audience management tools, marketing automation, and advanced analytics, all aimed at improving consumer engagement and driving sales. Boostcom operates as a subsidiary of Boost Communications AS and serves over 100 shopping center clients globally, with additional offices in locations such as Poland, Sweden, the Netherlands, Dubai, Hong Kong, and the USA. The company focuses on integrating various digital touchpoints within the shopping environment through its innovative platform, The Mall Performance Cloud, ensuring measurable results for its clients.

BerGenBio

Series A in 2012
BerGenBio is a clinical-stage biopharmaceutical company that focuses on developing innovative therapies for aggressive cancers. Its leading drug candidate, bemcentinib, targets the receptor tyrosine kinase AXL and is currently undergoing clinical evaluation in a Phase 1b/2a study for first-line treatment of STK 11 mutated non-small cell lung cancer (NSCLC). Additionally, bemcentinib is in preclinical development for applications related to severe respiratory infections. The company's commitment lies in addressing significant unmet medical needs in oncology and beyond.

poLight

Series B in 2011
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

Pinovo

Venture Round in 2011
Pinovo is an international supplier of innovative and patented technology focused on the treatment, maintenance, and inspection of industrial surfaces. The company specializes in enclosed sandblasting systems that provide a dust-free alternative to traditional methods, resulting in low noise emissions and superior surface quality. Their technology is utilized across various industries, including pipelines, offshore installations, marine vessels, and equipment maintenance. By offering solutions that reduce health hazards for operators, minimize environmental impact, and lower operational costs, Pinovo aims to enhance safety and efficiency in industrial operations.

BookNorway

Venture Round in 2011
BookNorway is an Industry-oriented IT project (BIT) for the tourism industry. On this site you can read about the project, current news and their services, and download relevant subject material.

OceanSaver

Venture Round in 2011
OceanSaver is a Norwegian company specializing in the manufacture of ballast water management systems for medium and large ocean-going vessels. It has established itself as a recognized supplier of ballast water treatment systems that comply with the United Nations’ Ballast Water Treatment Convention. OceanSaver was among the first companies to receive approval from the International Maritime Organization and to successfully complete rigorous testing by the US Coast Guard, obtaining type approval in December 2016. The company focuses on filtering and disinfecting ballast water to mitigate the environmental impacts associated with ballast discharge during cargo loading. Additionally, it offers anti-corrosion components that can be integrated into ships to protect ballast-tank coating systems. Following a bankruptcy filing in 2017, OceanSaver was acquired by IMS Group, which is dedicated to providing advanced technological solutions within the offshore and marine sectors.

Zilift

Venture Round in 2011
Zilift Limited is an oil and gas technology company that specializes in developing advanced magnet technologies for artificial lift applications. Founded in 2009 and based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California, Zilift focuses on creating high-efficiency downhole drive systems. Its product offerings include TorqueDrive, an integrated system for progressing cavity pumps (PCP), and SpeedDrive, a compact electrical submersible pump (ESP). TorqueDrive enhances pump performance while addressing common failure modes associated with traditional systems, allowing for improved wellbore placement options. SpeedDrive, recognized for its unique 2 5/8" diameter, can be deployed using wireline, facilitating applications in restricted access environments and enabling live well interventions without costly rig workovers. Zilift's innovative technologies aim to reduce lifting costs and expand deployment possibilities for artificial lift systems in the oil and gas industry.

Smartfish AS

Venture Round in 2011
Smartfish AS is a Norwegian biotech company based in Oslo, founded in 2001. The company specializes in developing omega-3 based emulsions aimed at promoting brain health, heart health, and supporting the immune system and recovery processes. Its portfolio includes clinical nutritional products such as Smartfish NutriFriend 1100, designed for patients experiencing cancer cachexia, and NutriFriend 600, intended for individuals with general malnutrition. Additionally, Smartfish offers a range of nutraceutical drinks, dietary supplements, and nutritional treatments for cardiovascular diseases, alongside sports nutrition products and juice-based formulations for both pediatric and adult use. The company's products are utilized in various healthcare settings, including hospitals.
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