ProVenture

ProVenture Management AS is a venture capital firm based in Trondheim, Norway, with an additional office in Stavanger. Established in 2006, ProVenture specializes in seed and early-stage investments, primarily focusing on sectors such as energy, oil and gas technology, marine and material technology, process and medical technology, as well as information and communication technology. The firm manages over a billion NOK across three seed funds and actively seeks co-investors for its portfolio companies, often taking the lead role in initial funding phases. ProVenture is dedicated to supporting young digital technology startups in Norway and is a member of the Norwegian Venture Association (NVCA).

Tom Arnøy

Senior Partner

Ane Christophersen

Investment Manager

Terje Eidesmo

Managing partner

Sylvi Saure Finsrud

Investment Manager

Ingvar Katmo

Senior Partner

Geir Ove Kjesbu

Senior Partner

Borgar Ljosland

Senior Partner PS III

David Lysne

Managing Partner PS II

Herbjørn Skjervold

Senior partner and Chief Executive Officer of Venture Funds

Past deals in Norway

Relynk

Pre Seed Round in 2023
With Relynk’s API, building owners and service providers can access a building's real-time data, gathered from various sources and organized in a strict format. We integrate and organize data from a building's sensors and systems, so users can create actionable insights and data-driven solutions.

Wanda

Seed Round in 2022
Wanda.space is a technology and logistics start-up delivering space as a service.

Cimon Medical

Series A in 2020
Cimon Medical AS develops and manufactures ultrasound blood-flow monitoring devices. The company offers NeoDoppler device, which provides direct, non-invasive, and continuous monitoring of blood-flow in the brain of premature or critically ill babies. The company was incorporated in 2019 and is based in Trondheim, Norway.

Wanda

Seed Round in 2020
Wanda.space is a technology and logistics start-up delivering space as a service.

InfoTiles

Seed Round in 2020
InfoTiles provides software-as-a-service (SaaS) solutions focused on the analysis and visualization of Internet of Things (IoT) data for data-driven enterprises. The company has developed a real-time analytics platform specifically designed to enhance the water value chain, encompassing supply, consumption, wastewater treatment, and the monitoring of waterways. By streamlining and automating the processes of data consolidation and applying real-time analytics and machine learning, InfoTiles enables water utilities to transform insights into actionable strategies. This capability allows these organizations to improve efficiency and sustainability in their operations.

VISAVI Technology

Venture Round in 2019
VISAVI Technology AS is a spin-off company from the Institute for Energy Technology (IFE) and NTNU Research Centre of Integrated Operations. The company was founded in 2014 by Øystein Veland and Gisle Andresen. They are experts on advanced visualization and collaboration design for complex organizations from world-leading research communities. VISAVI provides LivePlan, a software solution related to optimization of operation and maintenance primary for the energy and process industry. The LivePlan solution has been funded and developed in collaboration with industry leaders.

Scale Protection

Venture Round in 2017
Scale Protection AS provides scale management solutions. The company develops well instrumentation and analysis tools for scale management and prevention of scale deposition in oil producing wells. Its products and services include scale monitoring, such as bulk scale analysis and downhole scale monitoring; and squeeze placement, modeling, and advisory and testing services. The company was founded in 2010 and is based in Harstad, Norway.

Xsens

Venture Round in 2017
Xsens AS develops non-invasive measurement systems for the oil and gas industry. Its measurement systems are used for the non-invasive installation on standard process pipes, as well as for process optimization, flow assurance, and integrity measurement. The company was founded in 2013 and is headquartered in Bergen, Norway.

Seabed Separation

Venture Round in 2015
Seabed Separation offers services of topside and subsea separation of water with reduced capital and operational expenses.

Ace Oil Tools

Venture Round in 2015
Ace Oil Tools AS provides stop collars for the protection of control lines. It offers stop collar for elevators; and ratchet collars. The company was founded in 2012 and is based in Randaberg, Norway.

Fjell Subsea Products

Venture Round in 2014
Fjell Subsea Products are experts in the design, manufacture and testing of cost efficient and standardized quality products.

CUPP Computing

Seed Round in 2013
Cupp Computing AS is a computer hardware and security company, established in Bergen, Norway in 2005. Cupp Computing announced The Punk This Module during Computex 2011, allowing a user to switch between a x86 processor and a ARM processor, using the same peripheries Cupp Computing acquired Yoggie Secerety systems in 2011 , it was a mobile security vendor, specializing in data protection.

Encap AS

Seed Round in 2013
Encap AS offers desktop authentication solutions. The company provides two-factor authentication and legally binding digital signatures for secure applications. It caters to banking institutions, technology integrators, and financial institutions. Encap AS was founded in 2008 and is based in Fornebu, Norway.

Verdande Technology

Venture Round in 2012
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries

Conoptica

Venture Round in 2011
Conoptica AS develops and manufactures production and quality control systems for the wire, cable, and tube industry. It markets systems for processes involving drawing die, shaped die, enameling die, wire/rod/bar, plug/pin/needle, and cable insulation. In addition, the company provides wire manufacturing hardware and software solutions that it markets under brand names such as EO-Frame CU4, CU5, CU10, CU20, Automatic Die Feeder, and Supervisor. Conoptica was founded in 1985 and is based in Klæbu, Norway.

Verdande Technology

Venture Round in 2010
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries

Sorbwater Technology

Venture Round in 2010
Sorbwater Technology AS is a Norwegian company specializing in environmental services focused on purifying water and wastewater, particularly within the oil and gas industry. Established in 2007 and based in Bergen, the company develops and supplies advanced technologies and equipment designed to treat produced and slop water. Key products include Sorbfloc, a biodegradable flocculent for wastewater purification, and Sorbsep, which effectively separates hydrocarbons from produced water. Their Sorbpol system enhances the treatment process by automating and streamlining operations to prevent clogging. Sorbwater Technology also provides compact treatment plants for both onshore and offshore applications. The company aims to conserve groundwater resources and reduce harmful discharges while lowering treatment costs for clients. Their technology combines patented green chemistry with high-performance separation equipment and has been validated by several international oil companies. While the primary focus is on the upstream oil and gas sector, the technology is adaptable to other industries, including mining and petrochemical refining.

ZXY Sport Tracking

Venture Round in 2010
ZXY Sport Tracking is a wearable sports performance technology that includes videos, features, and product information. It delivers a sport analysis system combining application-specific 3D graphic software engines and a hardware sensor platform for soccer environments. Its system enables automated tracking and storage of the situations at the sport ground with no need for human and manual support. ZXY Sport Tracking is a Norway-based company that was founded in 2002 and the company was acquired by ChyronHego on April 6, 2014.

GasSecure

Seed Round in 2009
GasSecure AS, founded in 2008 and based in Oslo, Norway, specializes in developing and marketing wireless infrared hydrocarbon gas detectors tailored for industrial applications, particularly in the oil and gas sector. The company offers a range of products utilizing MEMS technology, including low-power gas detectors capable of wireless communication from enclosed structures to the outside environment. This allows for the measurement of flammable gases even when the wireless infrastructure is located externally. GasSecure also provides turnkey wireless gas detection systems that require only a mains power supply for operation. The company serves a global customer base through a network of distribution partners. In March 2015, GasSecure became a subsidiary of Dräger Holding International GmbH, enhancing its capabilities in wireless explosion protection and gas detection technologies.

Numascale

Series A in 2009
Numascale AS develops computer system interconnect technology that allows computer system vendors to build big data analytics appliances for enterprise servers. It offers NumaQ, a terascale in-memory analytics appliance for running data analytics workload in-memory; NumaQ R Appliance, a statistical programming language and environment that provides R with the memory it needs for massive data set computations; MonetDB, a column-store database integrated with R for a database centric analytics platform; and in-memory analytics appliance for running data analytics workload in-memory. The company was founded in 2008 and is based in Oslo, Norway. Numascale AS operates as a subsidiary of Dolphin Group ASA.

Dynamic Rock Support

Seed Round in 2009
Dynamic Rock Support provides industrial safety and cost savings products for underground mines. It offers concrete structures, concrete transport, and lifting and underground logistics. Dynamic Rock Support was founded in 2008 and is headquartered in Trondheim, Sor-Trondelag.

SnapTV

Venture Round in 2008
SnapTV AS develops, builds, operates, and maintains advanced digital infotainment systems. The company offers an IPTV solution that helps small and medium sized network operators to offer TV services, including live TV, live radio, HDTV, messaging, electronic program guide, program recording, movie rental, and more. Its solution also supports PayTV models, such as a la carte subscriptions, tiered channel packages, pay per recorder quota, and pay-per-view. The company also offers operation and maintenance services, including system monitoring, software and hardware maintenance programs, and technical assistance. SnapTV AS offers its solutions through global alliances partners and regional value-added resellers worldwide. It serves Fortune 500 companies in maritime, offshore, hospitality, healthcare, and education markets. The company was founded in 2005 and is based in Oslo, Norway with sales, operation, and maintenance partners worldwide. As of December 20, 2016, SnapTV AS operates as a subsidiary of NSSLGlobal Ltd.

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.

Verdande Technology

Seed Round in 2007
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries

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 develops and sells micro-optical sensors for gas detection and measurement applications. The company offers CO2 sensors, VAV regulators, and demand controlled ventilation products. It sells its products to OEMs worldwide. The company was founded in 1998 and is based in Oslo, Norway.

New Index

Seed Round in 2007
New Index offers electronic whiteboards for the audio and video industries, where the sensor is located by the data projector. In the sensor unit, a small camera chip captures the pen's movements, allowing pointing operations and any writing or drawing to appear on the screen. It utilizes pattern recognition and identification of special optical patterns made by the pen. New Index was founded in 2003 and the company was acquired by Epson on September 1, 2011.

Aptomar

Seed Round in 2007
Aptomar is a leading provider of Integrated Field Monitoring sensors, systems and services for the oil and gas industry. The company focuses on protecting the safety and integrity of people, the environment and assets by managing; 24/7 oil spill detection and combating, surveillance and security as well as search and rescue in close cooperation with Industry. Aptomar is located in Trondheim, Norway, with further offices in Houston, USA, and Rio de Janeiro, Brazil. Using proprietary technology and commercially available sensors, Aptomar merges remotely monitored sensor data into a single display, and distributes it to create a real time common operating picture. Experienced operators interpret the combined sensor data and intervene when necessary to alert and support the offshore operator in case of incident. In 2014– as a response to numerous oil companies who want the industry to take a broader, more systematic approach to field monitoring – Aptomar established a new maritime control center in Trondheim, Norway. The center is called Aptomarin. Aptomarin combines 24/7 competence and monitoring capacity, with robust detection and an efficient and controlled emergency response management. Aptomarin consists of master mariners and professionals with extensive maritime and nautical competence.

Secustream Technologies

Seed Round in 2007
Secustream Technologies AS provides digital rights enforcement solution that prevents reverse engineering and piracy. It offers SecuShow, a software solution for home PCs, setup boxes, and mobile phones. The company’s security platform serves Hollywood and content providers protecting digital rights with an electronic enforcement system. It serves digital media content creators and providers, such as Hollywood home video distributors, IPTV service providers, and online gaming providers. Secustream Technologies AS was founded in 2006 and is based in Trondheim, Norway. As of May 13, 2008, Secustream Technologies AS operates as a subsidiary of Conax AS.

Verdande Technology

Venture Round in 2006
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries