Kistefos

Kistefos is a privately owned investment firm based in Oslo, Norway, focusing on direct investments and fund of funds. It targets opportunities in offshore, shipping, banking and financial services, real estate, information technology, telecommunications, and related sectors, with involvement across Europe. The firm pursues early-stage, build-ups, growth capital, rescue financings, and buyouts, typically committing at least NOK 10 million per investment and aiming to acquire significant ownership. It seeks to be an active partner, often taking board seats, and supports portfolio companies through value creation initiatives. Investments are generally exited within three to seven years via public offerings or sales to trade buyers. The company operates with a flexible mandate to back companies at various life-cycle stages and geographies, and also employs a strategy of leveraging fund investments alongside direct deals. Kistefos was founded in 1989 and is based in Oslo.

Nishant Fafalia

Investment Manager

Hege Galtung

Managing Director

Tom Holberg

Investment Director

Gunnar Jacobsen

Investment Director

Kristian Fredrik Kværner Huseby

Investment Manager

Past deals in Accounting

fileAI

Series A in 2024
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

Semine

Series B in 2022
Semine specializes in AI-driven accounts payable automation for medium to large enterprises. Its SaaS platform uses cognitive services to automate invoice processing, cost allocation, and workflow management, enabling businesses to save time, improve data quality, and gain insights.

fileAI

Seed Round in 2022
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

fileAI

Seed Round in 2021
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

Semine

Series B in 2021
Semine specializes in AI-driven accounts payable automation for medium to large enterprises. Its SaaS platform uses cognitive services to automate invoice processing, cost allocation, and workflow management, enabling businesses to save time, improve data quality, and gain insights.

Semine

Series A in 2021
Semine specializes in AI-driven accounts payable automation for medium to large enterprises. Its SaaS platform uses cognitive services to automate invoice processing, cost allocation, and workflow management, enabling businesses to save time, improve data quality, and gain insights.

Semine

Seed Round in 2020
Semine specializes in AI-driven accounts payable automation for medium to large enterprises. Its SaaS platform uses cognitive services to automate invoice processing, cost allocation, and workflow management, enabling businesses to save time, improve data quality, and gain insights.

Semine

Funding Round in 2018
Semine specializes in AI-driven accounts payable automation for medium to large enterprises. Its SaaS platform uses cognitive services to automate invoice processing, cost allocation, and workflow management, enabling businesses to save time, improve data quality, and gain insights.
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