Kistefos

Kistefos, established in 1989, is a Norwegian investment firm that specializes in both fund of funds and direct investments. For direct investments, the company focuses on early stage, growth capital, and buyouts, with a minimum investment of NOK 10 million ($1.85 million). It operates across various sectors, including offshore, shipping, financial services, real estate, information technology, and telecommunication. Kistefos seeks significant ownership stakes, aiming to be an active partner to management teams and founders, and typically exits investments within three to seven years.

Espen Franzon Amundsen

Investment Analyst

Nishant Fafalia

Investment Manager

Ola Beinnes Fosse

CFO

Hege Galtung

Managing Director, AS Holding

Tom Holberg

Investment Director

Gunnar Jacobsen

Investment Director

Nicolai Lunde

Investment Analyst

Otto Moltke-Hansen

Investment Analyst

Bengt A Rem

CEO

Bengt Rem

CEO

Lars Petter Utseth

Investment Manager

21 past transactions

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.

WorkClass

Venture Round in 2022
WorkClass is a social hiring platform designed specifically for blue-collar workers. It operates an online job search platform that connects employers with suitable candidates for frontline positions. The platform enables individuals to search for job opportunities that align with their skills and qualifications while offering companies access to a pool of resumes to facilitate the hiring process. By streamlining the matching of employers and workers, WorkClass aims to enhance employment prospects for blue-collar job seekers and meet the staffing needs of businesses.

Hemispherian

Series A in 2022
Hemispherian is a biotechnology firm focused on developing innovative treatments for various types of cancer, particularly aggressive forms such as glioblastoma multiforme. The company specializes in creating personalized cancer therapies and is engaged in the development of a novel class of small-molecule drugs. By concentrating on areas of unmet medical need, Hemispherian aims to provide physicians with access to advanced therapeutic options that could improve patient outcomes in challenging cancer cases.

Semine

Series B in 2022
Semine is a developer of an accounting automation platform that aims to streamline financial processes for larger enterprises and accounting firms. The company specializes in automating the classification of invoices using a semantic model, which enhances the efficiency of cost distribution at both general ledger and dimension levels. By leveraging artificial intelligence, Semine enables real-time access to financial data, allowing organizations to reduce costs and improve their competitiveness. As a market leader in accounts payable automation, Semine is experiencing significant growth, particularly in the Nordic region, where it competes with established players in the market.

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.

Surer

Seed Round in 2021
Surer is a cloud-based insure-tech platform aimed at addressing inefficiencies in the insurance industry. It provides a digital ecosystem that connects intermediaries with clients and insurers, enhancing collaboration and productivity through automation. By digitizing manual tracking tasks and streamlining basic processes, Surer simplifies operations for insurance professionals, enabling them to close deals more swiftly and efficiently. The platform fosters networking and resource sharing, allowing insurers to effectively distribute their products while empowering intermediaries to operate with increased speed and efficacy.

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 is a developer of an accounting automation platform that aims to streamline financial processes for larger enterprises and accounting firms. The company specializes in automating the classification of invoices using a semantic model, which enhances the efficiency of cost distribution at both general ledger and dimension levels. By leveraging artificial intelligence, Semine enables real-time access to financial data, allowing organizations to reduce costs and improve their competitiveness. As a market leader in accounts payable automation, Semine is experiencing significant growth, particularly in the Nordic region, where it competes with established players in the market.

Semine

Series A in 2021
Semine is a developer of an accounting automation platform that aims to streamline financial processes for larger enterprises and accounting firms. The company specializes in automating the classification of invoices using a semantic model, which enhances the efficiency of cost distribution at both general ledger and dimension levels. By leveraging artificial intelligence, Semine enables real-time access to financial data, allowing organizations to reduce costs and improve their competitiveness. As a market leader in accounts payable automation, Semine is experiencing significant growth, particularly in the Nordic region, where it competes with established players in the market.

WorkClass

Seed Round in 2020
WorkClass is a social hiring platform designed specifically for blue-collar workers. It operates an online job search platform that connects employers with suitable candidates for frontline positions. The platform enables individuals to search for job opportunities that align with their skills and qualifications while offering companies access to a pool of resumes to facilitate the hiring process. By streamlining the matching of employers and workers, WorkClass aims to enhance employment prospects for blue-collar job seekers and meet the staffing needs of businesses.

Semine

Seed Round in 2020
Semine is a developer of an accounting automation platform that aims to streamline financial processes for larger enterprises and accounting firms. The company specializes in automating the classification of invoices using a semantic model, which enhances the efficiency of cost distribution at both general ledger and dimension levels. By leveraging artificial intelligence, Semine enables real-time access to financial data, allowing organizations to reduce costs and improve their competitiveness. As a market leader in accounts payable automation, Semine is experiencing significant growth, particularly in the Nordic region, where it competes with established players in the market.

Antler

Venture Round in 2020
Antler, established in 2017 and headquartered in Singapore, is an early-stage venture capital firm focused on investing in technology companies. It supports exceptional founders from day one, providing access to a global network of co-founders, talent, advisors, and expansion support, along with capital. Antler's funds, including Antler UK Fund and Antler India Fund, target various sectors such as information technology, climate tech, healthtech, software, energy services, and SaaS, with investments ranging from USD 0.2 to 0.4 million.

Semine

Funding Round in 2018
Semine is a developer of an accounting automation platform that aims to streamline financial processes for larger enterprises and accounting firms. The company specializes in automating the classification of invoices using a semantic model, which enhances the efficiency of cost distribution at both general ledger and dimension levels. By leveraging artificial intelligence, Semine enables real-time access to financial data, allowing organizations to reduce costs and improve their competitiveness. As a market leader in accounts payable automation, Semine is experiencing significant growth, particularly in the Nordic region, where it competes with established players in the market.

TradeIX

Series A in 2018
TradeIX Ltd., established in 2016 and headquartered in Cork, Ireland, develops an open platform called TIX Platform designed to revolutionize trade finance through distributed ledger technology. The decentralized TIX Platform integrates seamlessly with existing systems via APIs, enabling secure data storage, automated contract enforcement, and efficient transaction settlement. It offers four key components: TIX Apps for customer-facing solutions, TIX Developer for API and SDK support, TIX Composer for trade finance orchestration, and TIX Core as the shared infrastructure. TradeIX collaborates with banks, corporates, and ERP providers to enhance global trade processes, providing financial institutions and investors access to trade flows and revenue opportunities. The company maintains offices in Dublin, London, and Singapore.

Line2

Series A in 2009
Line2, Inc. is a cloud-based communications company that offers business phone services designed to enhance user connectivity across multiple devices. Founded in 2006 and headquartered in San Francisco, California, Line2 provides a VoIP service that allows users to add a second line to their smartphones, tablets, and computers, ensuring a clear distinction between personal and business communications. The service includes features such as unlimited texting, inbound calling, and a monthly allowance for outbound minutes. Line2 operates without setup or cancellation fees and requires no additional hardware. It offers various plans tailored to meet different business needs, including options for call forwarding, group calling, and custom call screening. As a subsidiary of j2 Global, Line2 aims to support small businesses by providing them with a professional phone line that accommodates a modern, mobile workstyle.

Bambuser

Seed Round in 2009
Bambuser is a software-as-a-service (SaaS) company specializing in live video shopping technology. Founded in 2007, it pioneered interactive mobile live video broadcasting and has since become a prominent supplier in the live video segment. In late 2019, Bambuser introduced its flagship product, which allows brands to conduct live shopping events directly on their websites, marking a significant advancement in the retail sector outside of Asia. The company's technology platform, Iris, provides app developers with tools to integrate live video streaming into their applications through a comprehensive suite of SDKs, APIs, and libraries. Bambuser's solutions cater to a variety of sectors, including news, media, social applications, drones, and live events, serving some of the largest global brands and e-commerce companies. Headquartered in Stockholm, Bambuser continues to lead innovation in the interactive live video space.

Kappa Bioscience

Venture Round in 2009
Kappa Bioscience AS, established in 2006 and headquartered in Oslo, Norway, specializes in the development and production of vitamin K2 as menaquinone-7. The company pioneers the synthesis of MK-7, offering it under the brand name K2VITAL to food supplement and fortified food manufacturers worldwide through its global sales division Kappa Ingredients GmbH and a network of distributors. Kappa Bioscience's product portfolio includes microencapsulated DELTA for stability in mineral formulations, along with other vitamin K2 variants like MK-7 for food supplements and fortified foods. The company's innovations ensure high ingredient purity, scalability, and secure supply chains, enabling broader market access for its clients.

Bambuser

Seed Round in 2008
Bambuser is a software-as-a-service (SaaS) company specializing in live video shopping technology. Founded in 2007, it pioneered interactive mobile live video broadcasting and has since become a prominent supplier in the live video segment. In late 2019, Bambuser introduced its flagship product, which allows brands to conduct live shopping events directly on their websites, marking a significant advancement in the retail sector outside of Asia. The company's technology platform, Iris, provides app developers with tools to integrate live video streaming into their applications through a comprehensive suite of SDKs, APIs, and libraries. Bambuser's solutions cater to a variety of sectors, including news, media, social applications, drones, and live events, serving some of the largest global brands and e-commerce companies. Headquartered in Stockholm, Bambuser continues to lead innovation in the interactive live video space.

Promon

Venture Round in 2008
Promon AS is a cybersecurity company based in Oslo, Norway, that specializes in developing and selling security software for businesses that handle sensitive information. Founded in 2006, Promon provides a suite of application security solutions designed to protect online services and software applications from security threats. Its products are aimed at online service providers, covering areas such as online banking, e-commerce, and enterprise resource planning systems. Promon's security technology extends beyond the application itself, proactively detecting and blocking potential threats to prevent data tampering and leakage. Through its integrated service protection and application protection offerings, Promon ensures the integrity and confidentiality of sensitive information for its clients.

OstomyCure

Venture Round in 2007
OstomyCure AS is a Medical Technology company with a headquarter in Oslo, Norway. The company develops a revolutionary technology called Transcutaneous Implant Evacuation System, The TIES® System. The TIES® Continent Ileostomy System, is a titanium implant solution with a lid intended to replace a conventional ileostomy. It allows a more carefree life for patients who suffer from inflammatory bowel diseases such as Crohn´s disease, Ulcerative colitis, multiple cancer or other related diseases that need the removal of the colon (large intestine). The TIES® System is the result of several years of research combined with the latest 3D manufacturing technology, developed and produced in accordance with regulatory standards to ensure safety for the patients.

Solbright

Venture Round in 1999
Solbright is a revenue operations and workflow platform designed specifically for digital media companies. It offers a comprehensive suite of product modules, including adSales, adTraffic, adBilling, adInventory, and adReport, which enable clients to maximize revenue and enhance return on investment. The company specializes in inventory forecasting and management, order management, and automation of trafficking and billing processes. By providing these essential services, Solbright helps digital media businesses streamline their operations and improve overall efficiency.
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