Investinor

Founded in 2008, Investinor is a Norwegian venture capital firm that invests in high-potential companies based in Norway. It focuses on companies in the early growth to expansion phases within sectors such as internet, software, semiconductors, energy, cleantech, marine, and life sciences.

Maja Aursand Andersen

Senior Associate

Johan Bøe Bjørkevoll

Investor

Pal Breiland

Investor

Rannveig Fadum

Investor

Torjus Bertheussen Falkanger

Associate

Otto Frøseth

Investor

Egil Garberg

Investor

Marthe Hammerø

Associate

Ane Tolnes Haugdal

Associate

John- Arne Hørløck

Investor

John-Arne Hørløck

Investment Director

Patrick Kartevoll

Investment Director

Ann- Tove Kongsnes

Investor

Ann-Tove Kongsnes

Acting CEO, Investment Director

Mika Myrseth

Junior Associate

Patrick Sandahl

Investor

Ola Smeby

Investor

Kirill Tkachenko

Associate

Ronny Vikdal

Investor

Birgitte Gangmark Villmo

Investor

Øystein Wikan

Senior Associate

Johann Bleivik Wist

Associate

Erik Wold

Investor

Christian Wolff-Skjelbred

Investor

Thomas S. Wrede-Holm

Investor

Past deals in Norway

EXACT THERAPEUTICS AS

Post in 2024
EXACT Therapeutics AS is a clinical-stage biotechnology company based in Oslo, Norway, founded in 2012. The company focuses on developing a technology platform known as Acoustic Cluster Therapy (ACT), which utilizes sonoporation, a non-invasive method that employs ultrasound to enhance the effectiveness of various therapeutic agents. This innovative approach has the potential to significantly improve treatment outcomes across multiple medical fields, including oncology, where it can enhance chemotherapy and immunotherapy, as well as in the treatment of infectious diseases and neurological conditions.

Heimdall Power

Series B in 2024
Heimdall Power AS, established in Bergen, Norway in 2015, specializes in developing innovative sensor platforms for power grids. Their flagship product, Neuron, monitors transmission lines and distribution feeders in real-time, providing situational awareness through features such as line monitoring, fault detection, dynamic line rating, and advanced analytics. By installing these sensors on power lines to collect data on parameters like temperature, load, and line sag, Heimdall Power enables grid owners to optimize operations, enhance reliability, facilitate the transition to renewable energy sources, and ultimately improve overall grid performance.

Intelecy

Venture Round in 2023
Intelecy is a Norwegian technology company delivering machine learning–based solutions to manufacturers worldwide. Its platform analyzes industrial IoT data to prevent equipment breakdowns, predict failures, and optimize production, helping reduce waste, energy use, and operating costs. Backed by more than two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy translates large, complex data into actionable insights for predictive maintenance and process optimization across diverse industries.

Memory

Venture Round in 2021
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Xeneta

Series C in 2021
Xeneta, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Cimon Medical

Series A in 2020
Cimon Medical AS is a Norwegian company specializing in the development and manufacture of innovative ultrasound blood-flow monitoring devices. Founded in 2019 and based in Trondheim, the company has created the NeoDoppler device, which allows for direct, non-invasive, and continuous monitoring of blood flow in the brains of premature and critically ill infants. Utilizing a unique proprietary technology, Cimon Medical's device features a coin-sized ultrasound probe designed as a single-element transducer with an unfocused beam. This design enables the device to measure blood circulation continuously by illuminating a specific area of tissue and capturing all blood flow signals simultaneously. This approach simplifies the monitoring process by providing relative measures of blood volume flow, which are as valuable as absolute measurements but require less complex equipment and expertise to operate.

CardioMech

Series A in 2020
CardioMech develops therapeutic devices for structural heart disease. Its flagship technology offers a transcatheter alternative to cardiac surgery for the placement of artificial chords in the mitral valve, enabling surgeons to treat patients with severe, symptomatic degenerative mitral regurgitation.

Shoreline

Series A in 2020
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

Xeneta

Venture Round in 2019
Xeneta, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Planktonic AS

Seed Round in 2019
Planktonic AS is a Norwegian company based in Trondheim that focuses on the development and production of live and preserved feed for the aquaculture and aquarium industries. Established in 2008, Planktonic specializes in utilizing natural zooplankton as feed for marine species, ensuring that the feed retains its natural qualities whether it is live or inert. The company has pioneered innovative techniques for the sustainable commercial use of this abundant marine resource, supported by extensive scientific research on zooplankton. Planktonic's unique cryopreservation technology allows for the preservation and revival of live crustacean nauplii, which has the potential to replace traditional live feeds such as rotifers and artemia in the aquaculture sector. With a commitment to quality and sustainability, Planktonic aims to establish itself as a leader in the market for live feed for marine species.

Skitude

Series A in 2019
Skitude is a digital platform that connects skiers and outdoor enthusiasts with mountain resorts, enhancing the experience of visiting ski destinations. Founded in 2014 and based in Girona, Spain, Skitude offers a range of mobile and web applications that provide real-time information, maps, and performance tracking for users. The platform allows skiers to share their experiences, compete for prizes, and enjoy instant access to slopes, thereby avoiding long queues at ticket counters. For resorts, Skitude offers services such as digital ticketing, customer engagement tools, and marketing insights to optimize guest experiences and increase revenue. The company operates globally, with additional offices in Lausanne and Oslo, and has been part of Skioo since 2019, serving as its brand in Switzerland.

Memory

Venture Round in 2018
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Novelda

Funding Round in 2018
Novelda is a Norwegian semiconductor company specializing in nanoscale wireless low-power ultra-wideband (UWB) technology for high-resolution impulse radar. Its sensors detect human presence and minute movements like breathing and heartbeat, serving indoor applications such as consumer electronics and smart buildings to enhance user experience, safety, and energy efficiency.

ScoutDI

Venture Round in 2018
Scout Drone Inspection AS, based in Trondheim, Norway, specializes in designing and developing advanced drones and cloud-based data analytics tools for indoor inspections, particularly in confined spaces. Founded in 2017, the company has created the Scout 137 drone, which facilitates the inspection of indoor industrial assets without the need for scaffolding or climbing, thus reducing costs and enhancing safety. The drones are equipped with indoor collision avoidance technology and planned navigation routes, allowing for autonomous operation. Through the Scout Portal, users can monitor inspections in real-time, accurately location-tag findings within a 3D asset model, and generate comprehensive reports. ScoutDI serves a diverse clientele across all continents, addressing the challenges of manual visual inspections while improving efficiency and safety in industrial settings.

ScoutDI

Seed Round in 2018
Scout Drone Inspection AS, based in Trondheim, Norway, specializes in designing and developing advanced drones and cloud-based data analytics tools for indoor inspections, particularly in confined spaces. Founded in 2017, the company has created the Scout 137 drone, which facilitates the inspection of indoor industrial assets without the need for scaffolding or climbing, thus reducing costs and enhancing safety. The drones are equipped with indoor collision avoidance technology and planned navigation routes, allowing for autonomous operation. Through the Scout Portal, users can monitor inspections in real-time, accurately location-tag findings within a 3D asset model, and generate comprehensive reports. ScoutDI serves a diverse clientele across all continents, addressing the challenges of manual visual inspections while improving efficiency and safety in industrial settings.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is an independent research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers designed to enhance the properties of commodity materials. Their innovative polymers serve various industries, focusing on applications such as water-repellent coatings, fire retardant materials, and gas barrier packaging. By leveraging advanced nanotechnology, FunzioNano AS aims to improve material performance and address industry-specific challenges.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is an independent research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers designed to enhance the properties of commodity materials. Their innovative polymers serve various industries, focusing on applications such as water-repellent coatings, fire retardant materials, and gas barrier packaging. By leveraging advanced nanotechnology, FunzioNano AS aims to improve material performance and address industry-specific challenges.

Well Conveyor

Venture Round in 2018
Well Conveyor AS is a downhole engineering company based in Bryne, Norway, established in 2015. The company specializes in the development of battery-powered slimhole conveyors designed for small horizontal wells. Its innovative conveyor system is optimized for electric operation, featuring an efficient electro-mechanical design that allows for extended tracking distances. This technology enables oil and gas companies to service wells that previously could not be accessed with traditional tractor systems. Well Conveyor aims to enhance operational efficiency in the oil services sector through its advanced engineering solutions.

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 established in 2015 and headquartered in Oslo. It specializes in the manufacture and development of hydraulic prosthetics, focusing on enhancing the quality of life for individuals requiring such devices. The company's notable products include MyHand, which features adaptive and sensitive grips, and MySkin, designed to improve both appearance and grip strength. Hy5Pro AS is dedicated to innovation and aims to provide high-functioning prosthetic solutions that are accessible and affordable across various demographic and socioeconomic groups. Through its efforts, the company seeks to ensure that all individuals have the opportunity for full mobility and improved quality of life.

Intelecy

Venture Round in 2018
Intelecy is a Norwegian technology company delivering machine learning–based solutions to manufacturers worldwide. Its platform analyzes industrial IoT data to prevent equipment breakdowns, predict failures, and optimize production, helping reduce waste, energy use, and operating costs. Backed by more than two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy translates large, complex data into actionable insights for predictive maintenance and process optimization across diverse industries.

TOPRO

Venture Round in 2018
TOPRO Industri specializes in the manufacturing of mechanical and electronic components, serving several of Norway's largest industrial companies. Additionally, the company produces mobility aids designed for patients with various medical conditions. Its product range includes rollators, walkers, access and support handles, and rise and recline chairs. These offerings aim to enhance users' security, independence, dignity, and overall quality of life.

Swarm64

Series B in 2018
Swarm64 is a Norwegian company founded in 2013 that specializes in providing accelerators for relational databases, enabling real-time analytics for high-velocity data. With a strong focus on FPGA acceleration and real-time database design, Swarm64 develops micro-server architecture technology that enhances cloud-based computing. The company's solutions utilize SQL for big data analysis on native data in real-time, supporting both Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously while ensuring improved transaction safety. By simplifying the complexities associated with Extract, Transform, Load (ETL) processes, Swarm64 empowers businesses to derive significant value from their big data and achieve in-memory database performance at competitive costs. The company operates from its headquarters in Norway and has a presence in Berlin, Germany.

Intelecy

Seed Round in 2017
Intelecy is a Norwegian technology company delivering machine learning–based solutions to manufacturers worldwide. Its platform analyzes industrial IoT data to prevent equipment breakdowns, predict failures, and optimize production, helping reduce waste, energy use, and operating costs. Backed by more than two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy translates large, complex data into actionable insights for predictive maintenance and process optimization across diverse industries.

APIM Therapeutics

Venture Round in 2017
APIM Therapeutics develops innovative peptide drugs targeting Proliferating Cell Nuclear Antigen (PCNA), a key protein regulating cellular responses to DNA damage and stress in cancer cells. Founded on groundbreaking research from NTNU, Trondheim, Norway, the company aims to eliminate and cure cancer-specific tumor cells.

PLUVIA AS

Venture Round in 2017
Pluvia AS is a biotechnology company based in Bergen, Norway, founded in 2015. The company specializes in researching and developing pharmacological chaperones aimed at treating diseases caused by protein misfolding. Pluvia AS is focused on creating innovative therapies, particularly to enhance the quality of life for children suffering from rare congenital disorders. Through its commitment to addressing unmet medical needs, the company aims to provide effective solutions for challenging health issues related to protein misfolding.

Shoreline

Seed Round in 2017
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

Heimdall Power

Venture Round in 2017
Heimdall Power AS, established in Bergen, Norway in 2015, specializes in developing innovative sensor platforms for power grids. Their flagship product, Neuron, monitors transmission lines and distribution feeders in real-time, providing situational awareness through features such as line monitoring, fault detection, dynamic line rating, and advanced analytics. By installing these sensors on power lines to collect data on parameters like temperature, load, and line sag, Heimdall Power enables grid owners to optimize operations, enhance reliability, facilitate the transition to renewable energy sources, and ultimately improve overall grid performance.

Dimension10

Seed Round in 2017
Dimension10 AS, founded in 2014 and based in Oslo, Norway, specializes in developing virtual reality communication and collaboration platforms. Its flagship product, VirtuaView, facilitates instant virtual prototyping and enhances collaborative efforts in a virtual environment. By leveraging cutting-edge technology, Dimension10 aims to transform how individuals and teams interact and create in a digital space.

Sorbwater Technology

Venture Round in 2017
Sorbwater Technology AS is a Norwegian company specializing in environmental services for the oil and gas industry, focusing on the purification of water and wastewater. Established in 2007 and based in Bergen, the company offers a range of innovative technologies, including Sorbfloc, a biodegradable flocculent that aids in wastewater treatment, and Sorbsep, which effectively separates hydrocarbons from produced water. Additionally, Sorbwater provides the Sorbpol, an automated polishing reactor designed to prevent clogging and reduce maintenance needs. Their comprehensive water treatment systems are designed to work across various applications, such as separating pollutants, treating slop and grey water, and preparing water for disinfection processes. Sorbwater's solutions not only enhance environmental protection by minimizing harmful discharges but also aim to reduce treatment costs for clients. While the company primarily targets the upstream oil and gas market, its technologies have potential applications in other sectors like mining and petrochemical refining.

AblePay Technologies

Seed Round in 2017
AblePay Technologies AS specializes in mobile payment solutions, providing innovative products such as BlueSIM, a smart chip that enhances payment terminals with Bluetooth capabilities. This technology upgrades existing payment systems to support various mobile payment applications on phones and tablets, enabling features like prepayment customer identification and advertising through beacon services. AblePay Technologies serves telecom companies and other clients, leveraging its expertise developed from a spin-out of Telenor's Research Department in 2009. The company is headquartered in Trondheim, Norway, and has collaborated with SINTEF, Scandinavia's largest independent research organization, to advance its technology.

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 AS is a Norwegian company headquartered in Harstad, established in 2010. It specializes in scale management solutions for oil and gas wells, aiming to prevent scale deposition that can hinder production efficiency. The company offers a range of products and services, including scale monitoring through advanced technologies such as scanning electron microscopy and downhole monitoring tools. Additionally, Scale Protection provides squeeze placement, modeling, and advisory services to enhance well management. By focusing on cost-effective, non-chemical methods for scale prevention, Scale Protection aims to improve operational performance for its clients in the energy sector.

Xsens

Venture Round in 2017
Xsens AS, established in 2013 and based in Bergen, Norway, specializes in developing non-invasive measurement systems tailored to the oil and gas industry. The company's core business involves creating high-accuracy, intelligent systems designed for standard process pipe installations, focusing on process optimization, flow assurance, and integrity measurement. Xsens AS is a spin-off from Christian Michelsen Research (CMR) AS.

Novelda

Funding Round in 2016
Novelda is a Norwegian semiconductor company specializing in nanoscale wireless low-power ultra-wideband (UWB) technology for high-resolution impulse radar. Its sensors detect human presence and minute movements like breathing and heartbeat, serving indoor applications such as consumer electronics and smart buildings to enhance user experience, safety, and energy efficiency.

poLight

Venture Round in 2016
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

SpinChip Diagnostics

Venture Round in 2016
SpinChip Diagnostics AS is a Norwegian company founded in 2012, specializing in the development of point-of-care diagnostic systems utilizing lab-on-a-chip technology. Based in Oslo, the company focuses on diagnosing cardiovascular, endocrine, anemic, diabetic, infectious, and inflammatory diseases. SpinChip is set to introduce a state-of-the-art platform for in vitro diagnostic analyses that promises faster, easier, and more reliable results in both hospital and decentralized medical settings. The fully automated device can analyze blood samples within minutes, initially targeting the rapid cardiac segment with a Troponin-I analysis, with plans to expand to a comprehensive cardiac panel. The SpinChip platform aims to match the quality of high-sensitivity central laboratory analyzers, 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 combines the aesthetics and durability of hardwood with the sustainability of softwood. Founded in 1997, Kebony employs a patented process known as Kebonization, which involves treating softwood with furfuryl alcohol, a natural byproduct of agriculture. This environmentally friendly method enhances the wood's properties, allowing it to achieve premium characteristics and a rich brown color, making it suitable for both interior and exterior applications. With a production facility located in Skein, Kebony serves a diverse market that includes subsidiaries in Norway, Denmark, and Sweden, as well as sales representatives in Germany, France, Italy, the United Kingdom, and the United States. The company aims to be a leading brand in sustainable wood solutions, providing architects, designers, and developers with an eco-conscious alternative to tropical hardwood.

Fronteer Solutions

Funding Round in 2015
Fronteer Solutions AS, founded in 2010 and based in Oslo, Norway, develops a technology platform designed to tackle various challenges in the financial services sector. The company provides a range of solutions for institutional investors, as well as self-service tools for individual customers. Its offerings include savings and investment solutions that utilize a global index to inform stock information. Fronteer Solutions is committed to delivering innovative financial products while catering to both professional investors and end users.

Swarm64

Series A in 2015
Swarm64 is a Norwegian company founded in 2013 that specializes in providing accelerators for relational databases, enabling real-time analytics for high-velocity data. With a strong focus on FPGA acceleration and real-time database design, Swarm64 develops micro-server architecture technology that enhances cloud-based computing. The company's solutions utilize SQL for big data analysis on native data in real-time, supporting both Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously while ensuring improved transaction safety. By simplifying the complexities associated with Extract, Transform, Load (ETL) processes, Swarm64 empowers businesses to derive significant value from their big data and achieve in-memory database performance at competitive costs. The company operates from its headquarters in Norway and has a presence in Berlin, Germany.

Ace Oil Tools

Venture Round in 2015
Ace Oil Tools AS is a Norway-based company, established in 2012, that specializes in providing stop collars and anchoring solutions for downhole applications in the energy sector. The company focuses on the development of tools designed to securely lock additional downhole components onto various tubes, ensuring effective installation and reliable anchoring of equipment. Ace Oil Tools' product line includes stop collars for elevators and ratchet collars, aimed at protecting control lines and enhancing operational efficiency in the energy industry.

poLight

Venture Round in 2015
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Novelda

Funding Round in 2014
Novelda is a Norwegian semiconductor company specializing in nanoscale wireless low-power ultra-wideband (UWB) technology for high-resolution impulse radar. Its sensors detect human presence and minute movements like breathing and heartbeat, serving indoor applications such as consumer electronics and smart buildings to enhance user experience, safety, and energy efficiency.

Kebony

Venture Round in 2014
Kebony is a Norwegian company based in Oslo, specializing in the production of modified wood that combines the aesthetics and durability of hardwood with the sustainability of softwood. Founded in 1997, Kebony employs a patented process known as Kebonization, which involves treating softwood with furfuryl alcohol, a natural byproduct of agriculture. This environmentally friendly method enhances the wood's properties, allowing it to achieve premium characteristics and a rich brown color, making it suitable for both interior and exterior applications. With a production facility located in Skein, Kebony serves a diverse market that includes subsidiaries in Norway, Denmark, and Sweden, as well as sales representatives in Germany, France, Italy, the United Kingdom, and the United States. The company aims to be a leading brand in sustainable wood solutions, providing architects, designers, and developers with an eco-conscious alternative to tropical hardwood.

Cyviz

Venture Round in 2014
Founded in Norway in 1992, Cyviz is a global provider of high-performance visualization systems for meeting rooms. It serves enterprises and governments worldwide with offices across Europe, Middle East, Asia Pacific, and North America.

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 is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.

Boostcom

Series C in 2014
Founded in 2004, Boostcom develops software offering proptech solutions for shopping centers. Its platform includes a data management system, audience manager, marketing automation tools, mobile applications, advanced analytics, and performance services. With over 100 global shopping center customers across Europe, USA, Dubai, and Hong Kong, Boostcom helps increase sales through measurable digital strategies.

Numascale

Series B in 2012
Numascale AS is a technology company based in Oslo, Norway, founded in 2008, that specializes in computer system interconnect technology for enterprise servers. The company develops solutions that facilitate scalable in-memory computing, enabling vendors to create big data analytics appliances tailored to specific performance requirements. Numascale's offerings include the NumaQ terascale in-memory analytics appliance, which efficiently handles data analytics workloads, and the NumaQ R Appliance, designed for statistical computing with R. Additionally, it provides MonetDB, a column-store database integrated with R, enhancing database-centric analytics capabilities. The company's innovative modular chip microarchitecture features on-chip memory transaction engines and a shared memory architecture, streamlining the design process for system vendors by eliminating the need for external interconnect fabric switches. Numascale operates as a subsidiary of Dolphin Group ASA.

Boostcom

Series A in 2012
Founded in 2004, Boostcom develops software offering proptech solutions for shopping centers. Its platform includes a data management system, audience manager, marketing automation tools, mobile applications, advanced analytics, and performance services. With over 100 global shopping center customers across Europe, USA, Dubai, and Hong Kong, Boostcom helps increase sales through measurable digital strategies.

poLight

Series B in 2011
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

OceanSaver

Venture Round in 2011
OceanSaver is a Norwegian company specializing in the manufacture of ballast water management systems for ocean-going vessels. Recognized for its compliance with the UN's Ballast Water Treatment Convention, OceanSaver was among the first suppliers to receive approval from the International Maritime Organization and to achieve type approval from the US Coast Guard in December 2016 after passing rigorous testing. The company provides ballast water treatment systems that filter and disinfect ballast water, significantly reducing the environmental impact of ballast discharge during cargo loading. In addition to its core offerings, OceanSaver also supplies anti-corrosion components to protect ballast-tank coating systems. After filing for bankruptcy in 2017, OceanSaver was acquired by IMS Group, which focuses on technological solutions for the offshore and marine sectors.

Smartfish AS

Venture Round in 2011
Smartfish AS, established in 2001 and headquartered in Oslo, Norway, is a biotech company specializing in the development of omega-3 based emulsions designed to support brain health, heart health, immune system function, and recovery. The company offers a range of clinical nutritional products, including Smartfish NutriFriend 1100 for cancer cachexia patients and NutriFriend 600 for general malnutrition. Additionally, Smartfish provides nutraceutical drinks, dietary supplements, nutritional treatments for cardiovascular disease, sports nutrition products, and juice-based formulations for both pediatric and adult use. Its products are utilized in various settings, including hospitals.

Havgul Clean Energy

Venture Round in 2010
Havgul Clean Energy AS specializes in the development of onshore and offshore wind power projects, primarily in Norway, Sweden, Poland, and the United States. Founded in 2007 and headquartered in Oslo, Norway, Havgul Clean Energy has established itself as a significant player in the renewable energy sector. The company is recognized for its involvement in the Havsul projects, which are named after the offshore wind that affects the Norwegian coast. Havgul Clean Energy focuses on providing sustainable energy solutions, enabling clients to access alternative energy sources efficiently. As a subsidiary of Triventus Wind Power AB since 2015, Havgul Clean Energy continues to contribute to the growing demand for renewable energy.

Ping Communications

Venture Round in 2010
Ping Communications AS, founded in 2007 and based in Oslo, Norway, specializes in the development of Internet products and telecommunications equipment. The company offers a range of devices including analog telephone adapters, broadband gateways, VoIP adapters, and integrated access devices that support video, data, telephony, and wireless communication. Their products feature advanced capabilities such as firewalls and combine the functions of broadband modems and wireless routers. Additionally, Ping Communications provides fiber equipment and remote monitoring and management systems, positioning itself as a comprehensive provider in the telecommunications sector.

Målselv Utvikling

Venture Round in 2010
Målselv Utvikling AS, founded in 2005 and based in Moen, Norway, was engaged in the development and operation of various hospitality and recreational facilities, including hotels, conference centers, apartment complexes, and amusement parks. The company's notable project, Målselv Fjellandsby, is situated near Bardufoss Airport and offers a range of modern amenities, including a ski café, pub, conference room, sports shop, and ski rental services, all set against a backdrop of stunning panoramic mountain views. However, as of May 2013, Målselv Utvikling AS entered liquidation, concluding its operations in this sector.

ExproSoft

Venture Round in 2010
ExproSoft AS is a software and consultancy firm specializing in well performance analytics for the upstream oil and gas sector. Founded in 2000 and headquartered in Trondheim, Norway, with additional offices in Stavanger and Houston, the company offers a range of products designed to enhance well integrity and operational safety. Its offerings include a well integrity management system, software for analyzing well completion equipment reliability, and a cloud-based production performance simulation tool. ExproSoft also provides databases focused on subsea production systems and blowout preventers, alongside risk and reliability studies, technology qualification, and customized software development services. By equipping oil and gas operators with insights into equipment failures and risks, ExproSoft aims to improve well uptime, reduce intervention costs, and increase production throughout the wells' life cycles.

Nordic Halibut

Venture Round in 2010
Nordic Halibut AS specializes in the farming and production of Atlantic halibut in Norway, offering a range of high-quality fish products under the brand name Nordic Halibut. Established in 1995 and headquartered in Bergen, the company is noted for its commitment to sustainability and responsible farming practices, given that Atlantic halibut is a species vulnerable to overfishing. Nordic Halibut's offerings include fresh and frozen halibut, catering to a variety of markets, with significant sales in Norway, the USA, and the UK. The company's product is celebrated for its flavor and versatility, suitable for various culinary preparations, including grilling, broiling, and sushi. Renowned for its delicate white flesh and robust bone structure, Norwegian White Halibut meets the demands of chefs and consumers alike, enhancing dining experiences with its appealing presentation and taste.

ChapDrive

Venture Round in 2010
ChapDrive is a venture technology company located in Trondheim, Norway. ChapDrive offers a gearless technology for wind turbines based on a patented high efficiency hydraulic drivetrain with high-voltage synchronous generator. ChapDrive’s solution has no mechanical gearbox, no frequency converter, no transformer and no permanent magnets. Benefits are lower top weight, fewer critical components and improved reliability leading to reduced capital expenditure and operating expense and thus reduced cost of energy. ChapDrive has installed, optimized and operated two wind turbines with hydraulic transmission to verify the business potential of the concept. With a strong management team and a staff of 20 competent and dedicated employees ChapDrive is now entering the stage of the commercialization where it is ready to invite partners to finalize development of commercial products and offer the wind industry a unique solution to existing challenges. ChapDrive has its headquarter and workshop in Trondheim, Norway, a test site at Valsnes close to Trondheim, a subsidiary in Silkeborg, Denmark and a representation in Hong Kong, China.

Innotech Solar

Venture Round in 2009
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.

Numascale

Series A in 2009
Numascale AS is a technology company based in Oslo, Norway, founded in 2008, that specializes in computer system interconnect technology for enterprise servers. The company develops solutions that facilitate scalable in-memory computing, enabling vendors to create big data analytics appliances tailored to specific performance requirements. Numascale's offerings include the NumaQ terascale in-memory analytics appliance, which efficiently handles data analytics workloads, and the NumaQ R Appliance, designed for statistical computing with R. Additionally, it provides MonetDB, a column-store database integrated with R, enhancing database-centric analytics capabilities. The company's innovative modular chip microarchitecture features on-chip memory transaction engines and a shared memory architecture, streamlining the design process for system vendors by eliminating the need for external interconnect fabric switches. Numascale operates as a subsidiary of Dolphin Group ASA.
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