Investinor

Investinor is a venture capital firm established in 2008 and based in Trondheim, Norway. The firm specializes in investing in Norwegian companies that exhibit high growth potential and are internationally oriented, targeting sectors such as information technology, energy, cleantech, marine, life sciences, and biotechnology. With a total of BNOK 4.2 under management, Investinor focuses on various stages of investment, including pre-seed, seed-stage, and growth companies. Additionally, Investinor manages the Norwegian Forestry Fund, which specifically invests in the forestry sector, targeting investments ranging from NOK 1 million to NOK 100 million. Through its diversified investment strategy, Investinor aims to support the development of innovative companies that contribute to the Norwegian economy.

Maja Aursand Andersen

Investment Manager

Stig Andersen

Investment Director

Johan Bøe Bjørkevoll

Investment Director

Pal Breiland

Investment Director

Rannveig Fadum

Investment Director

Torjus Bertheussen Falkanger

Associate

Otto Frøseth

Investment Director

Egil Garberg

Investment Manager

Marthe Hammerø

Associate

Ane Tolnes Haugdal

Associate

John- Arne Hørløck

Investor

John-Arne Hørløck

Investment Director

Patrick Kartevoll

Investment Director

Ann- Tove Kongsnes

Investor

Ann-Tove Kongsnes

Acting CEO, Investment Director

Mika Myrseth

Junior Associate

Patrick Sandahl

Strategy Manager, Investment Director

Ola Smeby

Investment Director

Kirill Tkachenko

Associate

Ronny Vikdal

Investment Director

Birgitte Gangmark Villmo

Investment Director

Øystein Wikan

Investment Manager

Johann Bleivik Wist

Associate

Christian Wolff-Skjelbred

Investment Director

Thomas S. Wrede-Holm

Investor

109 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 is a company based in Oslo, Norway, that specializes in providing web-based solutions for the global shipping industry, specifically focusing on containerized ocean freight. Founded in 2012, Xeneta offers a platform that delivers real-time and on-demand access to a comprehensive database of contracted ocean freight rates, including over 45 million spot and long-term rates across more than 160,000 trade lanes. Its products, such as Xeneta Insights and Xeneta Intelligence, cater to both small and medium-sized enterprises as well as large volume shipping companies. By offering benchmarking tools and intelligent pricing data, Xeneta enables shippers and freight forwarders to make informed decisions, optimize their supply chains, and 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.

Hemispherian

Pre Seed Round in 2021
Operator of a biotechnology company intended to develop treatments for aggressive types of cancer. The company engages in developing personalized cancer therapies to fight glioblastoma multiforme tumors and is developing a novel class of small-molecule drugs, enabling physicians to get access to novel drugs in areas of unmet medical need.

Cimon Medical

Series A in 2020
Cimon Medical AS specializes in the development and manufacturing of ultrasound blood-flow monitoring devices, particularly for vulnerable patient populations such as premature or critically ill infants. Founded in 2019 and headquartered in Trondheim, Norway, the company has created the NeoDoppler device, which enables direct, non-invasive, and continuous monitoring of cerebral blood flow. The core innovation lies in a coin-sized ultrasound probe that employs a single-element transducer with an unfocused beam. This design allows for the simultaneous measurement of blood circulation within a cylindrical area of tissue, providing relative measures of blood volume flow without the need for complex equipment or skilled operators. This approach addresses the challenges of traditional continuous blood flow monitoring, making it simpler and more accessible for medical professionals.

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 founded in 2015 and based in Trondheim, specializing in the development of catheter-based technology for treating structural heart disease. The company focuses on providing a transcatheter alternative to traditional open-heart surgery for the placement of artificial chords in the mitral valve. This innovative approach allows for the treatment of severe symptomatic degenerative mitral regurgitation, which can occur due to conditions such as prolapse or flail. By enabling surgeons to perform these procedures without the need for chest incisions, cardiac arrest, or heart-lung bypass, CardioMech aims to expand therapeutic options for patients suffering from this serious heart condition.

Shoreline

Series A in 2020
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

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 is a company based in Oslo, Norway, that specializes in providing web-based solutions for the global shipping industry, specifically focusing on containerized ocean freight. Founded in 2012, Xeneta offers a platform that delivers real-time and on-demand access to a comprehensive database of contracted ocean freight rates, including over 45 million spot and long-term rates across more than 160,000 trade lanes. Its products, such as Xeneta Insights and Xeneta Intelligence, cater to both small and medium-sized enterprises as well as large volume shipping companies. By offering benchmarking tools and intelligent pricing data, Xeneta enables shippers and freight forwarders to make informed decisions, optimize their supply chains, and 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 is a digital platform that connects skiers and outdoor enthusiasts with mountain resorts, enhancing the experience of visiting ski destinations. Founded in 2014 and based in Girona, Spain, Skitude offers a range of mobile and web applications that provide real-time information, maps, and performance tracking for users. The platform allows skiers to share their experiences, compete for prizes, and enjoy instant access to slopes, thereby avoiding long queues at ticket counters. For resorts, Skitude offers services such as digital ticketing, customer engagement tools, and marketing insights to optimize guest experiences and increase revenue. The company operates globally, with additional offices in Lausanne and Oslo, and has been part of Skioo since 2019, serving as its brand in Switzerland.

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.

Novelda

Funding Round in 2018
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.

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

Venture Round in 2018
Scout Drone Inspection AS, founded in 2017 and based in Trondheim, Norway, specializes in designing and developing autonomous drones and cloud-based data analytics tools for indoor inspections, particularly in challenging environments such as ships. The company's innovative technology offers a comprehensive visual inspection and non-destructive testing (NDT) solution, enabling efficient and thorough assessments of enclosed and poorly lit spaces.

ScoutDI

Seed Round in 2018
Scout Drone Inspection AS, founded in 2017 and based in Trondheim, Norway, specializes in designing and developing autonomous drones and cloud-based data analytics tools for indoor inspections, particularly in challenging environments such as ships. The company's innovative technology offers a comprehensive visual inspection and non-destructive testing (NDT) solution, enabling efficient and thorough assessments of enclosed and poorly lit spaces.

Funzionano

Venture Round in 2018
FunzioNano AS, based in Trondheim, Norway, specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Established in 2015, the company focuses on creating functional nanotechnology-based additives that improve characteristics such as flame retardancy, hydrophobicity, and gas barrier efficacy. These polymers are applied in various sectors, including water-repellent coatings, fire retardant materials, and gas barrier packaging, allowing clients to achieve tailored and environmentally friendly solutions for their products. As an independent research organization in Scandinavia, FunzioNano is committed to advancing material technology through innovative polymer development.

Funzionano

Seed Round in 2018
FunzioNano AS, based in Trondheim, Norway, specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Established in 2015, the company focuses on creating functional nanotechnology-based additives that improve characteristics such as flame retardancy, hydrophobicity, and gas barrier efficacy. These polymers are applied in various sectors, including water-repellent coatings, fire retardant materials, and gas barrier packaging, allowing clients to achieve tailored and environmentally friendly solutions for their products. As an independent research organization in Scandinavia, FunzioNano is committed to advancing material technology through innovative polymer development.

Funzionano

Venture Round in 2018
FunzioNano AS, based in Trondheim, Norway, specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Established in 2015, the company focuses on creating functional nanotechnology-based additives that improve characteristics such as flame retardancy, hydrophobicity, and gas barrier efficacy. These polymers are applied in various sectors, including water-repellent coatings, fire retardant materials, and gas barrier packaging, allowing clients to achieve tailored and environmentally friendly solutions for their products. As an independent research organization in Scandinavia, FunzioNano is committed to advancing material technology through innovative polymer development.

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

Seed Round in 2018
Hy5Pro AS is a Norwegian Medtech company based in Oslo, established in 2015. It specializes in the development and manufacturing of hydraulic prosthetics, focusing on enhancing the quality of life for individuals through improved mobility. The company's flagship products include MyHand, which features adaptive and sensitive grips, and MySkin, designed to provide a natural appearance while ensuring a secure grip. The innovation behind Hy5Pro AS emerged from the vision of Jos Poirtes, a Dutch engineer, who identified the potential for hydraulic hand prosthetics. Under the leadership of CEO Christian Fredrik Stray, the company has emphasized affordability and functionality in its offerings, aiming to make high-quality prosthetics accessible to diverse populations worldwide. With a dedicated team of over ten employees and a manufacturing facility in Raufoss, Hy5Pro AS continues to drive advancements in prosthetic technology.

Hy5Pro AS

Venture Round in 2018
Hy5Pro AS is a Norwegian Medtech company based in Oslo, established in 2015. It specializes in the development and manufacturing of hydraulic prosthetics, focusing on enhancing the quality of life for individuals through improved mobility. The company's flagship products include MyHand, which features adaptive and sensitive grips, and MySkin, designed to provide a natural appearance while ensuring a secure grip. The innovation behind Hy5Pro AS emerged from the vision of Jos Poirtes, a Dutch engineer, who identified the potential for hydraulic hand prosthetics. Under the leadership of CEO Christian Fredrik Stray, the company has emphasized affordability and functionality in its offerings, aiming to make high-quality prosthetics accessible to diverse populations worldwide. With a dedicated team of over ten employees and a manufacturing facility in Raufoss, Hy5Pro AS continues to drive advancements in prosthetic technology.

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 contract development and manufacturing organization (CDMO) specializing in the development and production of liquid medicines. The company focuses on unit-dose Blow-Fill-Seal technology, which allows for high-quality manufacturing with minimal human intervention. In addition to its core Blow-Fill-Seal offerings, Curida also produces nasal sprays and bottled pharmaceutical products. These capabilities enable healthcare providers to access reliable and tested medications for various patient needs, ensuring a streamlined and efficient process in pharmaceutical production.

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 the manufacturing and processing industries. The company offers tools designed to analyze production data, enabling businesses to prevent breakdowns, predict failures, and enhance production processes. With over 20 years of experience in automation and industrial IT, Intelecy focuses on leveraging the capabilities of machine learning to deliver deep insights into operations. Its systems analyze large datasets from industrial IoT, helping clients improve predictive maintenance, optimize processes, and reduce waste and energy consumption. Intelecy serves a diverse clientele worldwide, addressing the needs of various industries.

TOPRO

Venture Round in 2018
TOPRO Industri specializes in the manufacturing of mechanical and electronic components, serving several of Norway's largest industrial companies. Additionally, the company produces mobility aids designed for patients with various medical conditions. Its product range includes rollators, walkers, access and support handles, and rise and recline chairs. These offerings aim to enhance users' security, independence, dignity, and overall quality of life.

Swarm64

Series B in 2018
Swarm64 is a Norwegian company founded in 2013, specializing in accelerators for relational databases to facilitate real-time analytics on high-velocity data. The company operates in Berlin, Germany, and is supported by prominent venture investors from Norway and Germany. Swarm64's technology leverages micro-server architecture and FPGA acceleration to enhance database performance, allowing for the execution of Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously. This approach simplifies the complexities associated with Extract, Transform, Load (ETL) processes, enabling organizations to derive value from big data while maintaining transaction safety. By utilizing SQL for big data analysis, Swarm64 empowers businesses to achieve in-memory database performance at a competitive cost.

Intelecy

Seed Round in 2017
Intelecy is a Norwegian technology company that specializes in providing machine learning solutions for the manufacturing and processing industries. The company offers tools designed to analyze production data, enabling businesses to prevent breakdowns, predict failures, and enhance production processes. With over 20 years of experience in automation and industrial IT, Intelecy focuses on leveraging the capabilities of machine learning to deliver deep insights into operations. Its systems analyze large datasets from industrial IoT, helping clients improve predictive maintenance, optimize processes, and reduce waste and energy consumption. Intelecy serves a diverse clientele worldwide, addressing the needs of various industries.

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, based in Oslo, Norway, develops security software for connected devices, catering to industries such as banking, automotive, telecommunications, and oil and gas. The company offers a suite of products designed to enhance security and operational efficiency. Mender is an open-source solution for secure over-the-air software updates for embedded and IoT devices, ensuring robustness and recovery even during potential disruptions. CFEngine, another key offering, is a configuration management and automation framework that enables system administrators in large IT organizations to maintain compliance and agility through infrastructure-as-code. This solution manages the desired and actual states of IT infrastructure, making it suitable for regulated industries. The company's products are designed to be user-friendly and complementary, allowing both small businesses and large enterprises to select solutions tailored to their specific needs. Northern.tech was incorporated in 2008 and also has an office in Palo Alto, California.

Pluvia

Venture Round in 2017
Pluvia AS is a biotechnology company based in Bergen, Norway, that focuses on researching and developing pharmacological chaperones to address diseases related to protein misfolding. Founded in 2015, Pluvia aims to improve the quality of life for children affected by rare congenital disorders. The company's innovative chaperones are designed to restore the activity of misfolded enzymes associated with pulmonary arterial hypertension and to treat rare metabolic diseases. Additionally, Pluvia is engaged in projects targeting phenylketonuria, providing alternative treatment options for patients with inborn metabolic failures. Through its work, Pluvia seeks to advance therapeutic solutions for conditions that currently lack effective treatments.

Shoreline

Seed Round in 2017
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

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 specializing in women's fashion, offering a range of apparel and accessories. Launched in 2015 and based in Ohio, the platform features a mobile application that allows users to search for and purchase various fashion items, including dresses, jackets, tops, footwear, and accessories like jewelry, bags, and sunglasses. The application also invites designers to join its community, facilitating the creation and sale of unique fashion products. By focusing on women-centric offerings, Villoid aims to provide a convenient and engaging shopping experience for users seeking the latest trends in fashion.

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.

Friend Software Corp.

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

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.

AblePay Technologies

Seed Round in 2017
AblePay Technologies provides innovative mobile payment solutions, primarily through its flagship product, BlueSIM. This smart chip enhances payment terminals by adding Bluetooth capabilities, enabling them to support various mobile payment applications on smartphones and tablets. In addition to facilitating mobile transactions, BlueSIM offers beacon services for customer identification and marketing, making it a comprehensive tool for merchants looking to improve their payment infrastructure. Founded in 2009 as a spin-out from Telenor's Research Department, AblePay has developed its technology in collaboration with SINTEF, a leading independent research organization in Scandinavia. The company is headquartered in Trondheim, Norway, and serves a diverse clientele, including telecom companies and various businesses seeking to modernize their payment systems.

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.

AIA Science

Venture Round in 2017
AIA Science specializes in providing data analytics and artificial intelligence solutions aimed at enhancing smart city initiatives. The company focuses on measuring carbon footprints and assessing asset values through advanced technologies. Its offerings include Internet of Things (IoT) applications, big data analytics, and machine learning capabilities. By leveraging the latest advancements in sensor technology and computing, AIA Science enables clients to optimize their operations and improve profitability through in-depth data analysis, combining human expertise with sophisticated algorithms.

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, founded in 2010 and based in Harstad, Norway, specializes in scale management solutions for the oil and gas industry. The company offers advanced technology and services aimed at analyzing and preventing scale deposition in oil-producing wells. Their product range includes scale monitoring techniques such as bulk scale analysis and downhole monitoring, as well as squeeze placement and modeling services. Utilizing tools like scanning electron microscopes and tracer technology, Scale Protection enables clients to achieve cost-effective scale management through improved monitoring and non-chemical prevention methods.

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, founded in 2012 and based in Oslo, Norway, specializes in developing point-of-care systems utilizing lab-on-a-chip technology for diagnosing various medical conditions, including cardiovascular, endocrine, anemic, diabetic, infectious, and inflammatory diseases. The company offers a next-generation platform for in vitro diagnostics that allows for rapid analyses of blood samples, providing results within minutes at a lower unit cost compared to traditional point-of-care platforms. Initially focusing on the rapid cardiac segment, SpinChip is developing a Troponin-I analysis and plans to expand its offerings to include a comprehensive cardiac panel. The platform aims to deliver diagnostic quality comparable to high-sensitivity central laboratory analyzers, making it an attractive option for hospitals and decentralized medical settings, and facilitating the transfer of analyses from central laboratories without compromising quality.

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 is a Norwegian company founded in 2013, specializing in accelerators for relational databases to facilitate real-time analytics on high-velocity data. The company operates in Berlin, Germany, and is supported by prominent venture investors from Norway and Germany. Swarm64's technology leverages micro-server architecture and FPGA acceleration to enhance database performance, allowing for the execution of Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously. This approach simplifies the complexities associated with Extract, Transform, Load (ETL) processes, enabling organizations to derive value from big data while maintaining transaction safety. By utilizing SQL for big data analysis, Swarm64 empowers businesses to achieve in-memory database performance at a competitive cost.

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 AS is a global technology provider based in Stavanger, Norway, specializing in high-performance visualization, collaboration, and command and control systems for conference rooms, control rooms, and experience centers. Founded in 1992, the company offers a range of products including the Easy platform for room management, Easy server for remote management and diagnostics, and Easy controller software for integrated system control. Cyviz caters primarily to global enterprises and governments that require advanced usability, security, and quality in their communication and collaboration solutions. The company has regional offices in Houston, Washington D.C., Dubai, Riyadh, Beijing, and Singapore, and generates most of its revenue from the EMEA region, followed by the Americas and other markets.

Northern.tech

Seed Round in 2014
Northern.tech AS, based in Oslo, Norway, develops security software for connected devices, catering to industries such as banking, automotive, telecommunications, and oil and gas. The company offers a suite of products designed to enhance security and operational efficiency. Mender is an open-source solution for secure over-the-air software updates for embedded and IoT devices, ensuring robustness and recovery even during potential disruptions. CFEngine, another key offering, is a configuration management and automation framework that enables system administrators in large IT organizations to maintain compliance and agility through infrastructure-as-code. This solution manages the desired and actual states of IT infrastructure, making it suitable for regulated industries. The company's products are designed to be user-friendly and complementary, allowing both small businesses and large enterprises to select solutions tailored to their specific needs. Northern.tech was incorporated in 2008 and also has an 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, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the creation of big data analytics appliances for enterprise servers. The company offers innovative products, including the NumaQ terascale in-memory analytics appliance, which supports large-scale data analytics workloads, and the NumaQ R Appliance, designed specifically for statistical programming in R. Additionally, Numascale integrates MonetDB, a column-store database that enhances database-centric analytics. The company's technology features a modular chip microarchitecture, enabling system vendors to select configurations tailored to their performance needs. Its cache coherent node controllers and on-chip switching capabilities eliminate the need for external interconnect fabric, thereby simplifying system design. Numascale operates as a subsidiary of Dolphin Group ASA, providing essential tools for scalable in-memory computing to help businesses optimize their data processing capabilities.

Zilift

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.

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.

BookNorway

Venture Round in 2011
BookNorway is an industry-oriented IT project focused on the tourism sector. It provides ICT software and services designed for the online booking of leisure travel and adventure experiences. The platform serves as a distribution channel for suppliers of tourism products, facilitating connections between service providers and customers. Users can access project information, current news, and relevant materials through the BookNorway website, which aims to enhance the efficiency and accessibility of tourism-related bookings.

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

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 specializes 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 formerly known as Bora Energi AS. Havgul is recognized for its involvement in the Havsul projects, which are significant offshore wind initiatives along the Norwegian coast. As a subsidiary of Triventus Wind Power AB since 2015, Havgul Clean Energy emphasizes environmental sustainability and renewable energy solutions, aiming to provide alternative energy sources while contributing to a greener future.

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.

Malselv 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.
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