Investinor

Investinor is a Norwegian investment company that focuses on high-potential, internationally oriented firms in various stages of growth, from early development to expansion. With approximately BNOK 4.2 under management, Investinor targets sectors such as internet, software, semiconductors, energy, cleantech, marine, and life sciences. Additionally, Investinor manages the Norwegian Forestry Fund, which invests specifically in the forestry sector within Norway. This fund allocates capital to companies seeking investments ranging from NOK 1 million to NOK 100 million. Through its strategic investments, Investinor aims to support the growth of innovative companies in Norway.

Maja Aursand Andersen

Senior Associate

Stig Andersen

Investment Director

Johan Bøe Bjørkevoll

Investment Director

Pal Breiland

Investment Director

Jon Oyvind Eriksen

Investment Director

Jan Morten Ertsaas

Investment Director

Rannveig Fadum

Investment Director

Steinar Fossen

Investment Director

Otto Frøseth

Investment Director

Egil Garberg

Investment Manager

Bent Grøver

Investment Manager

Ane Tolnes Haugdal

Associate

Tor Helmersen

CFO

Roar Husby

Investment Director

John-Arne Hørløck

Investment Director

Patrick Kartevoll

Investment Director

Ann-Tove Kongsnes

Investment Director

David Lockert Lie

Investment Associate

Lars Jørgen Loktu

Investment Associate

Pål Kristian Moe

Head of Growth Equity

Patrick Sandahl

Investor

Ola Smeby

Investment Director

Ronny Vikdal

Investment Director

Birgitte Gangmark Villmo

Investor

Øystein Wikan

Senior Associate

Christian Wolff-Skjelbred

Investment Director

Thomas S. Wrede-Holm

Investor

106 past transactions

Ignite

Series A in 2022
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Modulize

Seed Round in 2022
The component extraction and generative design engine for prefabrication and modular construction. Prefabrication and modular construction allow us to reduce time, cost and waste in construction projects. To unlock the full potential of prefabrication, Modulize will enable simplified information extraction from complex 3D building models. With its component extractor, contractors can process models to automatically turn relevant parts of the model into tenders to be shared with manufacturers. In addition, we are developing generative design and optimisation algorithms that will enable designers and manufacturers to seamlessly collaborate to maximise the use and benefit of prefabrication and modular design. In particular, Modulize will enable design-manufacturer fit by linking manufacturers and customers based on manufacturing capacity and capability, as well as compliance with local rules and regulations. Prefabrication and modular construction allow us to reduce time, cost and waste in construction projects. Our solution, Modulize, will unlock prefab adoption through 1) automated component extraction from 3D models and 2) generative design and optimisation algorithms that let designers, contractors and manufacturers maximise the use and benefit of prefabrication.

Unacast

Venture Round in 2021
Unacast AS operates an online platform for connecting beacons and other proximity sensors to online marketing platforms. It offers uRETARGET, which enables to retarget customers online to bring them back to the store; uMONETIZE that monetizes data from beacons and other proximity sensors; and uNETWORK that shares anonymous subsets of data to unetwork and get subsets in return. The company was incorporated in 2014 and is based in Oslo, Norway. Unacast AS operates as a subsidiary of Unacast, Inc.

Cavai

Venture Round in 2021
Developer of chatbot designed to deliver conversational advertisements in all formats across the web. The company's text and a voice-controlled chatbot can be provided on all kinds of websites, mobile applications, social media and programmatic television, enabling clients to build interactive advertisements and campaigns.

Memory

Venture Round in 2021
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Xeneta

Series C in 2021
Xeneta AS, founded in 2012 and based in Oslo, Norway, specializes in web-based solutions for the global shipping industry, focusing on containerized ocean freight. The company offers two primary products: Xeneta Insights, tailored for small and medium-sized enterprises, and Xeneta Intelligence, designed for larger volume shipping companies. Its platform provides users with access to over 45 million spot and long-term contracted freight rates across more than 160,000 trade lanes, enabling them to benchmark their shipping costs effectively. By delivering real-time pricing transparency and data-driven insights, Xeneta helps businesses identify, understand, and optimize their freight rates, ensuring they remain competitive in the dynamic shipping market.

Ignite

Series A in 2021
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

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.

Fonn Construction

Series A in 2020
Fonn Construction is a user-friendly management software for construction teams. Get your work done with every update at your fingertips.

Farmforce

Venture Round in 2020
Farmforce AS is a Norwegian company founded in 2017, specializing in a digital platform designed for agricultural businesses, including aggregators, exporters, and processors, to enhance their relationships with smallholder farmers. The platform facilitates the digitization of contract farming and outgrower schemes, allowing users to efficiently organize, manage, and monitor a large number of farmers. It offers services that improve productivity and mitigate risks by providing real-time information on yield forecasts and harvests, as well as access to digital records for managing cash and input loans. Additionally, Farmforce's solution promotes visibility and traceability in the food supply chain, supporting sustainable sourcing and improving the quality of life for farmers while also protecting the environment.

CardioMech

Series A in 2020
CardioMech AS is a Norwegian company specializing in the development of catheter-based systems for mitral valve repair. Founded in 2015 and headquartered in Trondheim, the company offers a transcatheter alternative to traditional cardiac surgery, focusing on the placement of artificial chords for the mitral valve. This innovative technology aims to provide new therapeutic options for patients suffering from severe, symptomatic degenerative mitral regurgitation, particularly those experiencing issues such as prolapse or flail. By enabling less invasive procedures, CardioMech seeks to improve treatment outcomes for individuals with structural heart diseases.

Shoreline

Series A in 2020
We are a fast growing B2B SaaS company providing the Shoreline Platform for simulation and data analytics to optimize and improve the development and management of renewable power plants. Shoreline’s solutions are based on internally developed simulation and optimization algorithms that streamline how operators, project developers, equipment manufacturers and service providers work to develop and construct new projects and manage existing assets. We are an international team with six nationalities, representation in the US, Europe, and Asia, and are now adding people to both the technical and commercial team in an exciting growth phase with venture funding from the US and Norway.

Ignite

Seed Round in 2019
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

VIBBIO

Venture Round in 2019
VIBBIO AS is a Norwegian company that offers a software-as-a-service (SaaS) platform designed for video creation, primarily aimed at marketing and communication teams. Founded in 2016 and based in Jar, Norway, VIBBIO enables users to produce high-quality videos that align with their branding and publishing goals without requiring advanced video production skills. The platform streamlines the video creation process, significantly reducing both costs and time while maintaining brand consistency across various channels. VIBBIO provides tools for packaging text and visuals into engaging videos, along with a 2TB media library for organizing assets. The service includes a volume-booster feature for efficiently creating multiple video versions and a built-in marketplace for additional services like filming, translation, and stock materials. VIBBIO seeks to make smart video production more accessible and automated, catering to a range of applications including marketing, internal communication, and recruitment.

Xeneta

Venture Round in 2019
Xeneta AS, founded in 2012 and based in Oslo, Norway, specializes in web-based solutions for the global shipping industry, focusing on containerized ocean freight. The company offers two primary products: Xeneta Insights, tailored for small and medium-sized enterprises, and Xeneta Intelligence, designed for larger volume shipping companies. Its platform provides users with access to over 45 million spot and long-term contracted freight rates across more than 160,000 trade lanes, enabling them to benchmark their shipping costs effectively. By delivering real-time pricing transparency and data-driven insights, Xeneta helps businesses identify, understand, and optimize their freight rates, ensuring they remain competitive in the dynamic shipping market.

Planktonic AS

Seed Round in 2019
Planktonic is a Norwegian company dedicated to the development and production of live feed and preserved feed for the aquaculture and aquarium industry. Its value proposition is based on using natural zooplankton as feed for marine species, where the individual zooplankton itself is an intact feed particle, with all its natural qualities preserved, whether it be live or inert feed. Planktonic has developed novel and game changing techniques for commercially utilizing this vast natural marine resource, in a sustainable way. Based on extensive scientific research into zooplankton, combined with a thorough understanding of the needs of commercial aquaculture, the company aims to be a recognized leader within the market for live feed for marine species. Planktonic has developed a unique cryopreservation technology, enabling the preservation and revival of live crustacean nauplii. This could potentially replace most of the use of rotifers and artemia as live feed for the aquaculture industry going forward..

Skitude

Series A in 2019
Skitude Holding AS provides digital and mobile platforms for the monitoring, gamification, and sharing of skiing, snowboarding, and other outdoor activity experiences. It connects skiers and outdoor enthusiasts with mountain resorts through a range of smartphone apps, access to ski resorts through Skitude Instant Access, and the purchase of ski passes and other ski resort services. The company was founded in 2016 and is headquartered in Oslo, Norway.

Memory

Venture Round in 2018
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Nisonic

Venture Round in 2018
Nisonic is a medical technology company that develops products that will allow physicians to diagnose and monitor increased intracranial pressure (ICP) in an easier and cost-effective way. Nisonic will offer an accurate non-invasive ICP monitoring system for emergency departments, EMC, intensive care and critical care units. Early detection of ICP and intervention are critical to lowering death and disability rates, but currently only invasive methods are available to monitor increased ICP. Invasive methods are associated with risk of bleeding and infections, are only available at larger hospitals and have a considerable cost. While invasive intracranial pressure monitoring has been available for many years, non-invasive measurement has so far not been accurate enough. Nisonic is developing an software that analyzes ultrasound images of the eye to monitor increased ICP, and that can be integrated into ultrasound devices on the market, enabling widespread use among physicians and other health workers.

ScoutDI

Seed Round in 2018
Scout Drone Inspection AS designs and develops specialized drones and linked cloud based data analytic tools for indoor ship inspection, and other indoor inspections. The company was founded in 2017 and is based in Trondheim, Norway.

FunzioNano AS

Venture Round in 2018
FunzioNano AS develops nano-sized hybrid polymers, which lift commodity materials. The polymers cater to segments such as water repellant coatings, fire retardant materials and gas barrier packaging. FunzioNano AS was incorporated in 2015 and is based in Trondheim, Norway.

FunzioNano AS

Seed Round in 2018
FunzioNano AS develops nano-sized hybrid polymers, which lift commodity materials. The polymers cater to segments such as water repellant coatings, fire retardant materials and gas barrier packaging. FunzioNano AS was incorporated in 2015 and is based in Trondheim, Norway.

FunzioNano AS

Venture Round in 2018
FunzioNano AS develops nano-sized hybrid polymers, which lift commodity materials. The polymers cater to segments such as water repellant coatings, fire retardant materials and gas barrier packaging. FunzioNano AS was incorporated in 2015 and is based in Trondheim, Norway.

Well Conveyor

Venture Round in 2018
Well Conveyor AS is a downhole engineering company based in Bryne, Norway, established in 2015. The company specializes in the development of battery-powered slimhole conveyors designed specifically for small horizontal wells. Its innovative technology serves the needs of oil services companies, providing efficient solutions for downhole operations.

Termowood

Venture Round in 2018
Termowood is a company that has a lot of expertise in building materials. The company offers a new patented concept for building construction with wood based elements.

Cura8

Seed Round in 2018
Cura8 is a Norwegian health technology company developing non-invasive sensors for measuring the body’s core temperature.

Unacast

Series B in 2018
Unacast AS operates an online platform for connecting beacons and other proximity sensors to online marketing platforms. It offers uRETARGET, which enables to retarget customers online to bring them back to the store; uMONETIZE that monetizes data from beacons and other proximity sensors; and uNETWORK that shares anonymous subsets of data to unetwork and get subsets in return. The company was incorporated in 2014 and is based in Oslo, Norway. Unacast AS operates as a subsidiary of Unacast, Inc.

Hy5Pro AS

Venture Round in 2018
Hy5Pro AS manufactures and develops hydraulic prosthesis. It offers products such as MyHand, with adaptive and sensitive grips; and MySkin, provides appearance and enhances a strong and secure grip. Hy5Pro AS was founded in 2015 and is headquartered in Oslo, Norway.

sensiBel

Seed Round in 2018
sensiBel AS, founded in 2016 and located in Oslo, Norway, specializes in the development of ultra-high-sensitivity microphones utilizing optical micro-electro-mechanical system (MEMS) technology. The company focuses on creating microphones that offer optical ultra-low noise performance, enhancing voice control technology without sacrificing acoustic overload point and total harmonic distortion. This innovative approach enables superior speech recognition capabilities and high-quality audio capture, making it a valuable contributor to advancements in voice control applications.

Curida

Venture Round in 2018
Curida is a pharmaceutical contract development and manufacturing organization (CDMO) with core competence on Blow-Fill-Seal, Spray and Bottles.

sensiBel

Venture Round in 2018
sensiBel AS, founded in 2016 and located in Oslo, Norway, specializes in the development of ultra-high-sensitivity microphones utilizing optical micro-electro-mechanical system (MEMS) technology. The company focuses on creating microphones that offer optical ultra-low noise performance, enhancing voice control technology without sacrificing acoustic overload point and total harmonic distortion. This innovative approach enables superior speech recognition capabilities and high-quality audio capture, making it a valuable contributor to advancements in voice control applications.

Intelecy

Venture Round in 2018
Intelecy is a Norwegian technology company that specializes in providing machine learning solutions for various industries, focusing on the manufacturing and processing sectors. The company offers tools designed to analyze production data, enabling clients to prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of experience in automation, SCADA, MES, and industrial IT, Intelecy recognizes that many factories are not fully utilizing the benefits of machine learning, thus aiming to bridge this gap by delivering deep insights into operational performance.

TOPRO

Venture Round in 2018
TOPRO Industri is in manufacturing mechanical and electronic components for several of Norway's largest industrial companies.

Swarm64

Series B in 2018
Swarm64 (swarm64.com) provides accelerators for relational databases that enable real-time analytics of high velocity data. Swarm64’s team is world-class in delivering FPGA acceleration and real-time database design. Founded in 2013, Swarm64 is backed by leading Norwegian and German venture investors. Swarm64 is a Norwegian company with operations in Berlin, Germany.

Intelecy

Seed Round in 2017
Intelecy is a Norwegian technology company that specializes in providing machine learning solutions for various industries, focusing on the manufacturing and processing sectors. The company offers tools designed to analyze production data, enabling clients to prevent equipment breakdowns, predict failures, and enhance production processes. With over 20 years of experience in automation, SCADA, MES, and industrial IT, Intelecy recognizes that many factories are not fully utilizing the benefits of machine learning, thus aiming to bridge this gap by delivering deep insights into operational performance.

APIM Therapeutics

Venture Round in 2017
APIM Therapeutics AS is a biotechnology company based in Trondheim, Norway, founded in 2009. The company specializes in developing combinatorial therapies for cancer treatment, focusing on proprietary peptide drugs that target proliferating cell nuclear antigen (PCNA). PCNA plays a crucial role in DNA repair and cellular responses to DNA damage and stress, making it a significant target for cancer therapies. One of the company's key compounds, ATX-101, has demonstrated proof-of-concept in various preclinical in vitro and in vivo cancer models. The foundation of APIM Therapeutics is rooted in original research by Professor Marit Otterlei and her team at the Department of Cancer Research and Molecular Medicine at NTNU.

Northern.tech

Series A in 2017
Northern.tech AS develops security software for connected devices. The company offers Zener, a distributed software defined firewall (SDF) solution which protects data and application locally; Mender, an open source remote software updater for embedded linux devices; and CFEngine, a configuration management and automation framework that configures system services, ensures file content and integrity, deploys application updates, manages processes, and ensures system compliance. The company caters to banks, automotive, semiconductor, telecommunication, financial technology, oil and gas, and transportation and logistics industry. The company was incorporated in 2008 and is based in Oslo, Norway with an additional office in Palo Alto, California.

Pluvia

Venture Round in 2017
Pluvia AS researches and develops molecule pharmacological chaperones for diseases caused by protein misfolding. The company was founded in 2015 and is based in Bergen, Norway.

Shoreline

Seed Round in 2017
We are a fast growing B2B SaaS company providing the Shoreline Platform for simulation and data analytics to optimize and improve the development and management of renewable power plants. Shoreline’s solutions are based on internally developed simulation and optimization algorithms that streamline how operators, project developers, equipment manufacturers and service providers work to develop and construct new projects and manage existing assets. We are an international team with six nationalities, representation in the US, Europe, and Asia, and are now adding people to both the technical and commercial team in an exciting growth phase with venture funding from the US and Norway.

Heimdall Power

Venture Round in 2017
Heimdall Power AS develops a sensor platform that provides situational awareness along transmission lines and distribution feeders. The device is known under the name Neuron. The platform features include line monitoring, real time feeder visualization, fault detection and analysis, dynamic line rating, and heimdall quality. The company was incorporated in 2015 and is based in Bergen, Norway.

Villoid

Venture Round in 2017
Villoid is an online retailer based in Ohio that specializes in fashion products. Launched in 2015, the company offers a mobile application that allows users to search for and purchase various fashion items. The platform also invites designers to join its community, enabling them to create and sell their own fashion products. Villoid aims to connect consumers with a diverse range of fashion offerings while fostering creativity among designers.

Dimension10

Seed Round in 2017
Dimension10 AS, founded in 2014 and based in Oslo, Norway, specializes in developing a platform called VirtuaView. This platform facilitates instant virtual prototyping and collaboration within a virtual reality environment. By providing tools for effective communication and teamwork in virtual spaces, Dimension10 aims to enhance the way users interact and innovate.

Sorbwater Technology

Venture Round in 2017
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.

Friend Software Corp.

Venture Round in 2017
Friend Software Corporation offers software that enables integration of applications and data in between all operating systems.

AblePay Technologies

Seed Round in 2017
AblePay Technologies AS provides mobile payment solutions. It offers BlueSIM, a smart chip that adds Bluetooth to the payment terminal; upgrades any payment terminal for mobile payment; and supports various mobile payment applications and mobile phones or tablets with Bluetooth. Its BlueSIM also enables beacon services, such as prepayment customer identification and advertising; and allows the deployment of merchant infrastructure for mobile payment. It serves telecom companies and other customers. AblePay Technologies AS was formerly known as Simlink AS. The company was founded in 2009 and is headquartered in Trondheim, Norway.

AIA Science

Venture Round in 2017
AIA Science offers data analytics and artificial intelligence solutions for e.g. smart cities, measuring carbon footprint and analyzing the value of assets.

Tellu

Venture Round in 2017
Tellu IoT AS, founded in 2006 and based in Asker, Norway, specializes in developing TelluCloud, an online platform for the Internet of Things (IoT). This platform enables the collection, processing, and orchestration of data from various devices, allowing users to link, manage, and control these devices through standard application programming interfaces. By leveraging IoT data, TelluCloud provides valuable insights and enhances the security of business assets. In addition to its IoT solutions, Tellu also offers digital healthcare services designed to enhance patient security and autonomy. The company's scalable infrastructure supports a wide range of applications, driving innovation and change in both the IoT and healthcare sectors.

Phoenix Solutions AS

Venture Round in 2017
Phoenix Solutions AS is a Norwegian biotech company developing a technology platform for targeted drug delivery.

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.

Novelda

Funding Round in 2016
Novelda AS is a semiconductor company based in Kviteseid, Norway, that specializes in ultra wideband (UWB) technology. Established in 2004, the company develops components and application-specific integrated circuits for high-resolution impulse radar and short-range communications. Novelda's product offerings include the Novelda R1, a hand-held UWB radar evaluation system that analyzes reflections from electromagnetic pulses to provide three-dimensional information about surrounding objects, including their distance and velocity. Additionally, the company provides CMOS impulse radar transceiver development kits and antennas, catering to various applications such as low-power wireless communication, radio frequency identification, and radar systems. Novelda's technology is particularly noted for its use in medical and industrial high-precision sensors, as well as wireless healthcare applications, and is recognized for its effectiveness in Human Presence Detection, enhancing user experience and security in consumer electronics while promoting energy efficiency in building automation.

poLight

Venture Round in 2016
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Skioo

Series A in 2016
Skioo is a developer of a ski-lift ticketing platform designed to streamline the booking of ski adventures. The company provides the Skioo Pass, which grants skiers instant access to a wide network of ski partner resorts in Switzerland and beyond. By synchronizing its platform with the systems of ski resorts and lift operators, Skioo enables users to conveniently purchase ski tickets from a single interface. Additionally, the Skioo App fosters a community among skiing enthusiasts and offers valuable information and features to enhance the skiing experience. Founded in 2019 as part of the Skitude group, Skioo is supported by key technology partners, including Skidata AG and Team Axess AG.

Unacast

Series A in 2016
Unacast AS operates an online platform for connecting beacons and other proximity sensors to online marketing platforms. It offers uRETARGET, which enables to retarget customers online to bring them back to the store; uMONETIZE that monetizes data from beacons and other proximity sensors; and uNETWORK that shares anonymous subsets of data to unetwork and get subsets in return. The company was incorporated in 2014 and is based in Oslo, Norway. Unacast AS operates as a subsidiary of Unacast, Inc.

BerGenBio

Series D in 2016
BerGenBio is a clinical stage oncology biotech company, which is engaged in developing therapeutics against novel drug targets that drive aggressive cancers. Its drug candidate bemcentinib (BGB324) is in clinical development as a novel treatment for a variety of cancers.

SpinChip

Venture Round in 2016
SpinChip Diagnostics AS develops point of care systems that use the lab-on-a-chip technology for diagnosis of cardiovascular, endocrine, anemic, diabetic, infectious ad inflammatory diseases. The company was founded in 2012 and is based in Oslo, Norway.

Kebony

Venture Round in 2015
Kebony AS, based in Oslo, Norway, specializes in the manufacturing and supply of modified wood products under the Kebony brand. The company was founded in 1997 and has developed a patented process known as Kebonization, which enhances sustainable softwood to mimic the properties of tropical hardwood without using toxic chemicals. Kebony's product offerings include cladding, decking, roofing, and construction materials, serving a diverse clientele that includes architects, builders, and yacht builders for various applications in residential, commercial, and marine sectors. With production facilities in Skien, Norway, and Flanders, Belgium, Kebony operates a global distribution network, supported by sales representatives across Europe and North America. The company is committed to providing environmentally friendly alternatives to traditional hardwood, contributing to sustainable building practices worldwide.

Fronteer Solutions

Funding Round in 2015
Fronteer Solutions AS is a technology-driven company focused on addressing challenges in the financial services industry. Established in 2010 and headquartered in Oslo, Norway, it develops a range of solutions tailored for institutional investors, alongside self-service tools for individual customers. The company's offerings include savings and investment solutions that adhere to predetermined criteria, utilizing data from the MSCI ACWI global index, which encompasses around 2,500 companies across 46 countries. Fronteer Solutions Invest AS, a subsidiary, operates as a registered alternative investment fund, providing investment products targeted at professional investors.

Swarm64

Series A in 2015
Swarm64 (swarm64.com) provides accelerators for relational databases that enable real-time analytics of high velocity data. Swarm64’s team is world-class in delivering FPGA acceleration and real-time database design. Founded in 2013, Swarm64 is backed by leading Norwegian and German venture investors. Swarm64 is a Norwegian company with operations in Berlin, Germany.

Bylineme

Seed Round in 2015
Bylineme started out as a platform enabling Influencers in terms of Journalists, Freelancers and other article and Content Producers to sell and resell their fresh material to medias covering different locations of the planet.

Viva Labs

Seed Round in 2015
Viva Labs AS provides smart home solutions for Internet service providers and utilities. Its Viva platform is a GPS-based security solution, which includes smart plugs that use GPS and sensors to automatically adjust lights and heating; intelligent heating; a wireless camera with 2-way audio; sensors that measure activity, temperature, and light to adapt to users’ needs; and solutions to react and tell users when something happens. The company was founded in 2012 and is based in Oslo, Norway.

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.

CFEngine

Series B in 2015
CFEngine AS, founded in 2008 and based in Oslo, Norway, specializes in IT automation for large-scale infrastructure management. The company offers CFEngine Enterprise, a platform that allows organizations to visualize and control their IT environments through customizable dashboards and alerts, while managing configuration, compliance, security, and monitoring. Its solutions enable users to automate processes, ensuring continuous availability and compliance in dynamic and complex environments. CFEngine serves a diverse clientele, including major financial institutions and global companies, facilitating faster resource provisioning and application deployment. With a presence in over 100 countries, CFEngine is recognized for its role in transforming IT infrastructure and application management in the cloud era.

poLight

Venture Round in 2015
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Novelda

Funding Round in 2014
Novelda AS is a semiconductor company based in Kviteseid, Norway, that specializes in ultra wideband (UWB) technology. Established in 2004, the company develops components and application-specific integrated circuits for high-resolution impulse radar and short-range communications. Novelda's product offerings include the Novelda R1, a hand-held UWB radar evaluation system that analyzes reflections from electromagnetic pulses to provide three-dimensional information about surrounding objects, including their distance and velocity. Additionally, the company provides CMOS impulse radar transceiver development kits and antennas, catering to various applications such as low-power wireless communication, radio frequency identification, and radar systems. Novelda's technology is particularly noted for its use in medical and industrial high-precision sensors, as well as wireless healthcare applications, and is recognized for its effectiveness in Human Presence Detection, enhancing user experience and security in consumer electronics while promoting energy efficiency in building automation.

Kebony

Venture Round in 2014
Kebony AS, based in Oslo, Norway, specializes in the manufacturing and supply of modified wood products under the Kebony brand. The company was founded in 1997 and has developed a patented process known as Kebonization, which enhances sustainable softwood to mimic the properties of tropical hardwood without using toxic chemicals. Kebony's product offerings include cladding, decking, roofing, and construction materials, serving a diverse clientele that includes architects, builders, and yacht builders for various applications in residential, commercial, and marine sectors. With production facilities in Skien, Norway, and Flanders, Belgium, Kebony operates a global distribution network, supported by sales representatives across Europe and North America. The company is committed to providing environmentally friendly alternatives to traditional hardwood, contributing to sustainable building practices worldwide.

Cyviz

Venture Round in 2014
Cyviz is a global provider of high-performance visualization, collaboration, and command and control systems for meeting rooms. The company was founded in 1992 and is based in Stavanger, Norway. It also has regional offices in Houston, Washington D.C., Dubai, Riyadh, Beijing, and Singapore.

Northern.tech

Seed Round in 2014
Northern.tech AS develops security software for connected devices. The company offers Zener, a distributed software defined firewall (SDF) solution which protects data and application locally; Mender, an open source remote software updater for embedded linux devices; and CFEngine, a configuration management and automation framework that configures system services, ensures file content and integrity, deploys application updates, manages processes, and ensures system compliance. The company caters to banks, automotive, semiconductor, telecommunication, financial technology, oil and gas, and transportation and logistics industry. The company was incorporated in 2008 and is based in Oslo, Norway with an additional office in Palo Alto, California.

BerGenBio

Series C in 2014
BerGenBio is a clinical stage oncology biotech company, which is engaged in developing therapeutics against novel drug targets that drive aggressive cancers. Its drug candidate bemcentinib (BGB324) is in clinical development as a novel treatment for a variety of cancers.

Boostcom

Series C in 2014
Boostcom AS is a prominent proptech company specializing in software solutions for the shopping center industry. Founded in 2000 and headquartered in Oslo, Norway, the company serves over 100 shopping centers worldwide through its innovative platform, The Mall Performance Cloud. This platform integrates various digital touchpoints within shopping malls, offering services such as data management, audience management, marketing automation, advanced analytics, and mobile applications. Boostcom's technology assists shopping centers in enhancing customer engagement and increasing sales, particularly through loyalty schemes and integrated advertising solutions. With offices across Europe, the USA, Dubai, and Hong Kong, Boostcom is backed by venture and private equity funds, allowing for continuous expansion and product development. The company is committed to delivering measurable results to its clients, ensuring that its solutions align with their goals of improving sales and customer experiences.

Soundrop

Series B in 2013
Soundrop is a social music application that enables users to listen, vote, and interact about songs with their friends. It allows Spotify users to create listening rooms with their existing Spotify playlists. They can also share these listening rooms with their friends, and let their friends help curate the rooms by adding songs or voting up tracks. Everyone can chat about the music as they listen. Additionally, Soundrop has many public rooms dedicated to various music genres such Dubstep, Indie Rock, and Hip hop. Users can chat, add new tracks and vote up tracks they want to listen to next. Soundrop was founded by Inge Andrè Sandvik, Johann Prieur, Ali Sabil, and Ole Andrè Vadla Ravnås in 2011. It launched as a social jukebox app inside Spotify’s App Finder in November 2011.

BerGenBio

Series B in 2013
BerGenBio is a clinical stage oncology biotech company, which is engaged in developing therapeutics against novel drug targets that drive aggressive cancers. Its drug candidate bemcentinib (BGB324) is in clinical development as a novel treatment for a variety of cancers.

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

Cryogenetics

Venture Round in 2012
Cryogenetics AS specializes in cryopreservation services and technology aimed at enhancing fish reproduction outcomes. The company focuses on the cryopreservation of fish milt and embryos, offering services for various species such as Atlantic salmon, rainbow trout, coho salmon, chinook salmon, and Atlantic cod. Its offerings support aquaculture and conservation efforts, including genetic improvement, land-based breeding, and increased fertilization rates. With laboratories located in Norway, Canada, and Chile, Cryogenetics serves customers across Europe, North America, and South America. The company provides a range of products and services, including cryo conservation of milt, storage solutions, and comprehensive testing, while also collaborating strategically with Minitüb GmbH. Established in 2002 and headquartered in Hamar, Norway, Cryogenetics AS operates as a subsidiary of Geno SA, contributing to the preservation of genetic diversity in aquatic species and enhancing the efficiency of fish reproduction in commercial aquaculture.

Numascale

Series B in 2012
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.

Zilift Limited

Venture Round in 2012
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

bMobilized

Series A in 2012
bMobilized, Inc. enables businesses to convert their desktop Website into an HTML5-enabled mobile experience. The company offers Content Analysis System, a tool that allows users to create a mobile Website; Mobile Engine, which optimizes desktop site for use on various devices; and Customization Suite to edit, create, or replace menus and submenus, as well as adjust menu color schemes and designs. It also provides Automatic Content Identification technology that captures Website's editorial, sales, and marketing assets; and converts into fully functional and graphically identical elements, such as menu, content, header, footer, articles, social tools, transactional, and advertising. The company’s services include personalized training, mobile Website creation, e-commerce solutions, and tracking and metrics. It allows users to mobilize their desktop site for use on iPhone, Android, and other devices. The company was founded in 2005 and is based in New York, New York. bMobilized, Inc. operates as a subsidiary of bMenu AS.

Boostcom

Series A in 2012
Boostcom AS is a prominent proptech company specializing in software solutions for the shopping center industry. Founded in 2000 and headquartered in Oslo, Norway, the company serves over 100 shopping centers worldwide through its innovative platform, The Mall Performance Cloud. This platform integrates various digital touchpoints within shopping malls, offering services such as data management, audience management, marketing automation, advanced analytics, and mobile applications. Boostcom's technology assists shopping centers in enhancing customer engagement and increasing sales, particularly through loyalty schemes and integrated advertising solutions. With offices across Europe, the USA, Dubai, and Hong Kong, Boostcom is backed by venture and private equity funds, allowing for continuous expansion and product development. The company is committed to delivering measurable results to its clients, ensuring that its solutions align with their goals of improving sales and customer experiences.

BerGenBio

Series A in 2012
BerGenBio is a clinical stage oncology biotech company, which is engaged in developing therapeutics against novel drug targets that drive aggressive cancers. Its drug candidate bemcentinib (BGB324) is in clinical development as a novel treatment for a variety of cancers.

poLight

Series B in 2011
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

BookNorway

Venture Round in 2011
BookNorway is an Industry-oriented IT project (BIT) for the tourism industry. On this site you can read about the project, current news and their services, and download relevant subject material.

Pinovo

Venture Round in 2011
Pinovo AS, based in Bergen, Norway, specializes in developing, supplying, and renting innovative tools for paint and rust removal, focusing on the maintenance and inspection of industrial surfaces. Established in 2004 and formerly known as Pipeline Solutions AS, the company offers a range of products, including PiBlast, a remotely operated tool for extensive pipe work; PiCo Pipe, a hand-held tool for smaller surfaces; and PiWalk, a walk-behind vacuum blasting tool for larger areas. Additional offerings include PiConnect for medium-sized blasting tasks, PiPoint for small, difficult-to-reach areas, and PiSys, a system for operating PiBlast and PiCo. Pinovo's closed-loop grit blasting technology provides a dust-free alternative with low noise emissions, enhancing surface quality while reducing health hazards for operators and minimizing environmental impact. The company's solutions cater to various industries, including pipelines, offshore installations, and marine vessels.

OceanSaver

Venture Round in 2011
OceanSaver is Norwegian company that manufactures ballast water management system. It has been a well-recognized supplier of ballast water treatment systems for ocean-going vessels in accordance with UN’s Ballast Water Treatment Convention. OceanSaver was among the first suppliers to be approved by IMO, to successfully complete the stringent test regime by the US Coast Guard and to obtain a USCG type approval in December 2016. The company filed for bankruptcy in 2017 and was consequently sold to IMS Group, a Norwegian group of companies focusing on leading technological solutions for the offshore and marine market.

Zilift Limited

Venture Round in 2011
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

GasSecure

Venture Round in 2011
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.

Smartfish AS

Venture Round in 2011
Smartfish AS is a Norwegian biotech company founded in 2001 and based in Oslo. It specializes in developing omega-3 based emulsions aimed at enhancing brain health, heart health, immune function, and recovery. The company offers a range of clinical nutritional products, including Smartfish NutriFriend 1100, designed for cancer cachexia patients, and NutriFriend 600 for those experiencing general malnutrition. Additionally, Smartfish provides nutraceutical drinks, dietary supplements, nutritional treatments for cardiovascular disease, and sports nutrition products, along with juice-based formulations for both pediatric and adult patients. Its products are also utilized in hospitals, reflecting the company's commitment to addressing diverse nutritional needs.

Havgul Clean Energy

Venture Round in 2010
Havgul Clean Energy AS is a company engaged in the development of onshore and offshore wind power projects primarily in Norway and Sweden, with additional activities in Poland and the United States. Founded in 2007 and based in Oslo, Norway, the company was previously known as Bora Energi AS. Havgul Clean Energy is recognized for its involvement in notable offshore wind initiatives, including the Havsul projects, which are significant to the Norwegian energy landscape. As of September 2015, it operates as a subsidiary of Triventus Wind Power AB.

Ping Communication

Venture Round in 2010
Ping Communication AS develops Internet products. It offers analog telephone adapters and integrated access devices that support video, data, telephony, and wireless, including a firewall, as well as ethernet, cable, and ADSL. The company was founded in 2007 and is based in Oslo, 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

ConCordix

Venture Round in 2010
ConCordix is a product of Vitux AS. Vitux is a third-party manufacturer providing private label products for the nutraceutical and dietary supplement industry.

Målselv Utvikling

Venture Round in 2010
Målselv Fjellandsby is located near Bardufoss Airport, which is only a short flight from Oslo and only a couple of hours’ drive from the cities in Northern Norway. The centre of Målselv Fjellandsby is located up in the mountains at an altitude of 360 m, offering spectacular panoramic views. All the buildings here are new and of a high standard. Facilities in the resort’s centre include a ski café, pub, conference room, sports shop, ski hire and reception.

ExproSoft

Venture Round in 2010
ExproSoft is a software & consultancy company increasing well uptime for oil & gas operators. They deliver solutions that allow the operators to understand the failures and risk of well equipment, and use this knowledge to reduce intervention cost and increase production throughout the wells’ life cycle.

Nordic Halibut

Venture Round in 2010
Nordic Halibut AS is a Norwegian company that specializes in farming Atlantic halibut, a species known for its distinctive appearance and culinary appeal. Established in 1995 and based in Bergen, the company markets its products under the brand name Nordic Halibut. The Atlantic halibut is the largest member of the flatfish family and is characterized by its greyish side with eyes and a white blind side. The fish is primarily found in deeper waters along the Norwegian coast and is particularly vulnerable to overfishing due to its slow growth and late maturation. Nordic Halibut provides a versatile product, with its delicate white flesh suited for various preparations, including fillets, cutlets, and sushi. The fish's robust bone structure facilitates easy preparation and enhances the dining experience, making it a favored choice among chefs and consumers alike. The company, formerly known as Nordic Seafarms AS until its rebranding in 2015, focuses on sustainable practices to ensure the continued availability of this prized species.

ChapDrive

Venture Round in 2010
ChapDrive is a venture technology company located in Trondheim, Norway. ChapDrive offers a gearless technology for wind turbines based on a patented high efficiency hydraulic drivetrain with high-voltage synchronous generator. ChapDrive’s solution has no mechanical gearbox, no frequency converter, no transformer and no permanent magnets. Benefits are lower top weight, fewer critical components and improved reliability leading to reduced capital expenditure and operating expense and thus reduced cost of energy. ChapDrive has installed, optimized and operated two wind turbines with hydraulic transmission to verify the business potential of the concept. With a strong management team and a staff of 20 competent and dedicated employees ChapDrive is now entering the stage of the commercialization where it is ready to invite partners to finalize development of commercial products and offer the wind industry a unique solution to existing challenges. ChapDrive has its headquarter and workshop in Trondheim, Norway, a test site at Valsnes close to Trondheim, a subsidiary in Silkeborg, Denmark and a representation in Hong Kong, China.

Energy Micro

Venture Round in 2010
Energy Micro is a global provider of energy friendly microcontrollers and RF transceivers based on the ARM Cortex processor cores. Consuming a quarter of the energy of competing products, the company's ultra low power EFM32 Gecko MCUs and EFR4 Draco radios target energy sensitive applications, including smart metering, building automation, security systems and portable heath and fitness equipment. The products are supported by Energy Micro's Simplicity Studio, an easy-to-use software console helping to reduce embedded system development times. Energy Micro's mission is to develop, market and sell the world's most energy friendly microcontrollers and radios, based on modern and powerful microprocessor architectures. The company is founded by experienced semiconductor professionals with previous experience from successful semiconductor companies.

Aptomar

Venture Round in 2010
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.

SantoSolve

Series C in 2010
SantoSolve AS is a biotechnology company based in Oslo, Norway, focused on developing topical analgesic products for pain management. Founded in 1994, the company has created 2PX, a pharmaceutical formulation designed for topical administration, which has demonstrated effectiveness in treating both nociceptive and neuropathic pain. The development of 2PX is grounded in the use of non-radioactive strontium as the active ingredient, which has shown strong local analgesic effects in various pain conditions and has not been associated with significant adverse effects. Phase I safety and pharmacology studies indicated low systemic bioavailability and only minor side effects at the application site. The product has successfully completed open label Phase II clinical trials, proving its strong analgesic effect, particularly in patients with osteoarthritis. These results have been further corroborated by placebo-controlled trials, which confirmed that 2PX provides a statistically superior analgesic effect compared to placebo treatments.

Padtech

Funding Round in 2009
Padtech AS is a company that is driven by innovation. Their story began when an inventor and his wife were sitting on the beach. After applying sunscreen, they became annoyed that the sunscreen on their fingers caused the sand to stick to their skin. The inventor’s wife challenged her husband to put his skills to work and solve this problem. This idea was the initial spark for the Padtech applicator and formation of their company.