Fjord Invest

Fjord Invest Management AS is a private equity and venture capital firm specializing in investments in start-up, early, mid, late venture and mature companies. It typically invests in companies in the Norwegian regions of Sogn og Fjordane, Hordaland, Rogaland, Vest-Agder, and Aust-Agder. The firm seeks to invest up till NOK 20 million ($2.44 million) and secures an equity holding between 10 percent and 50 percent in its portfolio companies. The firm seeks to invest in companies with enterprise values between NOK 4 million ($0.63 million) and NOK 200 million ($31.71 million). It prefers to take a board seat in its portfolio companies and exits its investments between five years and seven years. Fjord Invest Management AS was founded in 2001 and is based in Førde, Norway.

Thomas Berge

Partner

Aud Ingrid Espeland

CEO and Partner

Roger Flølo

Partner

IA

Ingeborg Aase Fransson

Director

Past deals in Norway

Yast

Series A in 2010
Yast is a "Software as a service" company. The service at www.yast.com is an online time-tracking application The company focuses on userfriendly interfaces When launced as a beta-solution in november 2009, it got a massive response from testers all around the world thanks to good reviews in blogs like lifehacker, downloadsquad, makeuseof and web-workers daily.

Petal AS

Venture Round in 2008
Petal AS manufactures and supplies high-quality metal facades for buildings.

Easy Form AS

Venture Round in 2005
Easy Form AS producing milled tree products for the furniture industry.

Havkraft

Seed Round in 2010
Havkraft AS develops and offers technology for production of electricity from ocean waves. In addition, the company engages in building a commercial wave power plant. Havkraft AS was incorporated in 2009 and is based in Raudeberg, Norway.

Tape Invent AS

Venture Round in 2008
Tape Invent AS develops and manufactures innovative construction products, including anna tape, silicone and tools.

Dooria

Venture Round in 2003
Dooria AS manufactures interior and exterior doors in Norway, Sweden, and the United Kingdom. It offers its products for customers ranging from private householders and developers, to architects and contractors through a network of dealers and distributors. Dooria AS also offers its products in Japan. The company was founded in 1947 and is headquartered in Stryn, Norway. As of August 10, 2015, Dooria AS operates as a subsidiary of JELD-WEN, inc.

Beat Technology

Seed Round in 2010
Beat lets you stream your music wherever, whenever and as often as you like. We have agreements with all the major record labels which means you will find all the music you can dream off in our service. You can stream your music, or download tracks so that they are available offline, on your computer, your mobile device and on your iPad. Since our technology is HTML5-based, Beat works perfectly with Google Chromecast as well. Beat delivers free apps for iOS, Android, WindowsPhone and Chromecast to our subscribers. On Beat you will find all the latest hits, the good old classics and playlists for every occation. You can choose a singel membership or family subscripiton. Beat has agreements with several of the largest cabel companies in Norway and is their preferred music partner. Currently launched in Norway and Bangladesh.

Bionordic AS

Venture Round in 2008
Bionordic AS develop and produce pelletsomnar.

The Knowledge Park

Venture Round in 2004
The Knowledge Park is a regional development company that assists gründarar and companies with good business ideas.

PINOVO AS

Venture Round in 2009
Pinovo is an international world class- supplier of HSE leading, innovative and patented technology for the treatment, maintenance, and inspection of industrial surfaces. They develop, sell and rent out new solutions and services to a wide range of industries. Their closed loop grit blasting technology provides a dust free alternative, low noise emission, and superior surface quality.

Nærøysund

Venture Round in 2005
Nærøysund is a cod breeders.

Ocea Participations

Venture Round in 2007
Ocea Participations engages in the shipbuilding business. The company manufactures maritime safety and security ships, passenger vessels, multipurpose workboats, transoceanic yachts, and fishing boats. It also manufactures custom-made elliptical and max section tank ends and divisions for non-pressurized road tankers; and fabricates sections of cruise ship superstructures. In addition, the company offers aids to navigation equipment for various types of applications, including floating and fixed aids, lighthouses, monitoring and control systems, and radio aids for navigation. Further, it provides integrated logistics support services, including technical documentation, spare parts and tools, technical assistance, and customized technical and operational training for crew and maintenance teams. Ocea Participations was founded in 1987 and is based in Les Sables-d'Olonne, France.

Mera AS

Venture Round in 2009
Mera AS is a company specializing in oil maintenance technology. The company is based in Fitjar, Norway.

Impec

Venture Round in 2005
Impec develops and supplies product and technical solutions to the aluminum industry.

Phonofile AS

Venture Round in 2010
Phonofile AS operates as a digital distribution partner for record labels, recording artists, and distribution companies. The company offers Phonofile Online, a B2B service where professional users could search for music. It also operates musiconline.no that allows users to download various tracks. The company was founded in 1999 and is based in Oslo, Norway. It has additional offices in Stockholm, Gothenburg, Copenhagen, London and New York As of May 4, 2017, Phonofile AS operates as a subsidiary of finetunes GmbH.

Artspages

Venture Round in 2004
Artspages operated database and tenester for electronic storage, salon and distribution of music from independent recorders and artists.

Østerbø Maskin AS

Venture Round in 2014
Østerbø Maskin AS develops and manufactures electromechanical products, supplying power supplies, machines and electron testers.

Rocketfarm

Venture Round in 2010
Rocketfarm AS manufactures palletizing machinery. It offers Pally a palletizing robot which defines and save box dimensions, weight and label/barcode position, specifies box position, orientation and padding for any given layer/pattern, choose pallet and pick-up position, and offers more functionalities. It also offers software for industrial machinery which allows user to change boxes and pallets in one or two production lines, define patterns to interact directly with pre-defined boxes and more functionalities. Rocketfarm AS was founded in 2008 and is headquartered in Sogndal, Norway.

Inkubas

Venture Round in 2004
Inkubas is one industrial incubator that would contribute to the conversion and establishment of new works.

Fras Technology AS

Venture Round in 2010
Fras Technology AS develops technologies for condition control and maintenance of hydraulic and lubrication systems.

Ocea Mercatus AS

Venture Round in 2005
Ocea Mercatus AS develops software for aquaculture and agriculture industries.

Paneda AS

Venture Round in 2005
Paneda AS is an infrastructure company which engages in management of television network.

Vessix Vascular

Series B in 2011
Vessix Vascular, Inc. (formerly known as Minnow Medical, Inc.). Vessix is a privately-held pre-revenue stage company developing novel radiofrequency balloon catheter technology. The Company's initial product, the ZCath® System, has a CE Mark for use in reducing plaque in peripheral leg arteries.

OceanGlobe AS

Venture Round in 2005
OceanGlobe AS engages in the development and sale of offshore submersible fish farms in Norway.

Vidre

Acquisition in 2010
Vidre produced special buses for the Norwegian and Nordic markets.

Quality Intervention AS

Venture Round in 2014
Quality Intervention develops solutions for well intervention on drilling rigs, and for repair of leaks in annular spaces.