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.

Tom Arnøy

Senior Partner

Sylvi Saure Finsrud

Investment Manager

Thor Egil Five

Partner

Fredrik Hvistendahl

Senior Partner

Geir Kjesbu

Senior Partner

Past deals in Oilfield Services

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.

Seabed Separation

Venture Round in 2015
Seabed Separation is a technology company specializing in oil and gas processing. It has pioneered a dual-pipe separator, enabling water removal and treatment directly at the seabed, reducing costs and enhancing production efficiency.

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.

Fjell Subsea Products

Venture Round in 2014
Fjell Subsea Products specializes in the design, manufacture, and testing of cost-efficient and standardized engineering products for the subsea industry. The company offers a range of innovative solutions, including remotely operated vehicle (ROV) and hand-operated stab plates, as well as single-bore connectors. By focusing on quality and efficiency, Fjell Subsea Products aims to meet the diverse needs of its clients, ensuring that they have access to reliable and effective subsea technology.

GasSecure

Seed Round in 2009
GasSecure is a company that specializes in developing and manufacturing wireless infrared hydrocarbon gas detectors for industrial applications, particularly in the oil and gas sector. Founded in 2008 by Knut Sandven and Hakon Sagberg, the company focuses on MEMS-based low-power gas detection technology and safe wireless communication solutions. GasSecure's products are designed for use in various environments, including offshore platforms, onshore terminals, tank farms, and gas processing and petrochemical plants. In March 2015, the company was acquired by Drager USA, enhancing its capabilities in providing innovative safety solutions in hazardous industrial settings.
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