ProVenture

ProVenture Management AS, established in 2006, is a Norwegian venture capital firm specializing in seed and early-stage investments. It focuses on sectors such as energy, oil and gas technology, marine and material technology, process and medical technology, and information and communication technology. ProVenture typically invests in Norwegian-based companies, often acting as a lead investor in the initial phase and seeking co-investors. With over a billion Norwegian Kroner under management across three seed funds, the firm is a member of the Norwegian Venture Capital Association.

Sylvi Saure Finsrud

Investment Manager

Fredrik Hvistendahl

Senior Partner

Herbjørn Skjervold

CEO Senior Partner and ProVenture Management

Past deals in Norway

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.

My Voice

Venture Round in 2020
My Voice is a Norwegian voice technology company specializing in biometric authentication systems that utilize voice recognition for security applications. The company has developed a system that employs speaker identification technology, allowing users to remotely start, lock, or unlock various systems, as well as control infotainment, navigation, and comfort settings. This innovative approach enables clients to achieve keyless access to their systems without the need for internet connectivity, enhancing both security and convenience.

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.

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.

CUPP Computing

Seed Round in 2013
CUPP Computing AS is a computer hardware and security company based in Bergen, Norway, established in 2005. The company specializes in manufacturing dual mode data processing devices, which enable users to switch between x86 and ARM processors while utilizing the same peripherals. CUPP Computing's product offerings include disk and data security systems, architecture computing modules, and virus-scanning appliances. Additionally, the company develops security software for both computers and mobile devices. In 2011, CUPP Computing expanded its capabilities by acquiring Yoggie Security Systems, a mobile security vendor focused on data protection.

Sorbwater Technology

Venture Round in 2010
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.

ZXY Sport Tracking

Venture Round in 2010
ZXY Sport Tracking is a Norway-based company founded in 2002, specializing in wearable sports performance technology. It offers a comprehensive sport analysis system that integrates application-specific 3D graphic software engines with a hardware sensor platform, designed specifically for soccer environments. The system automates the tracking and storage of on-field situations without requiring human or manual intervention. ZXY Sport Tracking provides data analytical tools to measure athletes' performances, aiding in training and match strategies. The company was acquired by ChyronHego in April 2014.

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.

SnapTV

Venture Round in 2008
SnapTV is a provider of digital infotainment systems that has been in operation since 2005, specializing in IPTV technology and services. The company serves a diverse range of sectors, including maritime, offshore, hospitality, healthcare, and education. SnapTV enhances communication and entertainment experiences, improving guest comfort in hotels, enriching student life on campuses, and promoting patient welfare in hospitals. Its IPTV solutions include television, video-on-demand services, radio, and both software and hardware support. The company's systems are deployed globally, with partnerships that ensure efficient operation and maintenance through a dedicated Service Operation Center. This center monitors systems to guarantee uninterrupted service and high-quality performance. SnapTV is headquartered in Oslo, Norway, and collaborates with regional value-added resellers and certified partners to meet the needs of its clients effectively.

Arctic Silicon Devices

Series B in 2008
Low power ADCs and AFEs in 20-125MHz range. Applications: Ultrasound, Wireless communication, Instrumentation The company is based in Tiller, Norway.

Wireless Safety

Seed Round in 2008
Wireless Safety AS engages in developing wireless safety keys for leisure boats. It offers CoastKey, a wireless remote control that acts as an in-dock immobilizer, engine start/stop remote controller, and remote engine tilter to lift or lower the power unit from/into the water. The company’s unit also performs various safety functions by acting as an engine kill switch, worn round the pilot's neck, which switches off the engine in two seconds of the pilot falling into the water and activates a flashing light on the CoastKey to aid recovery in darkness. Its CoastKey’s killkord engine function stops on pilot’s fall overboard, and starts directly from the on-board control unit at the time of rescue; and engine immobilizer function deactivates when the ignition is switched on, and activates when the ignition is switched off. The company’s CoastKey’s start and tilt engines function prevents re-start of already running engines; key units function is connected to the boat ignition system close to the pilot area, and starts from the lock unit by entering a pin-code; and installation function installs various engines. Wireless Safety AS was founded in 2004 and is based in Tofte, Norway.

Active DSP

Seed Round in 2008
Active DSP AS is a company delivering timesaving DSP software tools for use in the program development for microcontrollers and digital singal processors, and in testing and monitoring stages of programs. Our software is based on RS-232 communication and supports C2000 and MSP430 processors from Texas Instruments. The company is based in Trondheim Norway, and the technology behind is developed by the two founders Jarl Karlsen and William Gullvik which both has close relationships with the Norwegian University of Science and Technology, NTNU.

Arctic Silicon Devices

Seed Round in 2007
Low power ADCs and AFEs in 20-125MHz range. Applications: Ultrasound, Wireless communication, Instrumentation The company is based in Tiller, Norway.

OptoSense

Seed Round in 2007
OptoSense AS, based in Oslo, Norway, specializes in the development and sale of micro-optical sensors designed for gas detection and measurement applications. Founded in 1998, the company offers a range of products, including CO2 sensors, VAV regulators, and demand-controlled ventilation systems, primarily targeting original equipment manufacturers (OEMs) globally. OptoSense's innovative technology, known as HoloChip, integrates holographic mirrors and diffractive optical elements to enhance gas detection capabilities, particularly for refrigerants and CO2. The company holds exclusive intellectual property rights for its sensor technology, which has been developed in collaboration with research institutions and industry partners. With a focus on high-performance and cost-effective solutions, OptoSense aims to expand its market presence and address the growing demand for advanced gas detection technologies.

Secustream Technologies

Seed Round in 2007
Secustream Technologies AS is a Norwegian company specializing in digital rights enforcement solutions aimed at preventing reverse engineering and piracy of digital content. Founded in 2006 and based in Trondheim, the company offers a range of products, including the Secustream Security Server and the SecuShow Player, which can be configured for home PCs, set-top boxes, and mobile devices. Their platform is designed to serve various digital media content creators and providers, including Hollywood home video distributors, IPTV service providers, and online gaming companies. By providing secure streaming media systems and software, Secustream Technologies helps these entities address the significant challenges associated with content protection and digital rights management. The company operates as a subsidiary of Conax AS.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.