Hørløck, John-Arne

Investment Associate

Birgitte Gangmark Villmo

Investment Manager

108 past transactions

Ignite

Series A in 2022
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

Sensibel

Series A in 2022
Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

Modulize

Seed Round in 2022
Offsite construction (OSC) platform powered by calculation and design automation 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 is the leading transparent and contextualized location data platform. We empower companies to make smarter decisions and build better products by providing the most accurate understanding of human activity in the physical world through the Real World Graph®. We believe that democratizing access to data is the currency of innovation, and we're on a mission to fix inaccurate and unverified location data to deliver unparalleled transparency and accuracy to our partners. Unacast is based out of NYC. Co-founders Thomas Walle and Kjartan Slette were also part of the founding team behind TIDAL, the music streaming company acquired by Jay-Z. Unacast has been awarded multiple awards for its platform, campaigns and company growth and culture.

Memory

Venture Round in 2021
Memory is a Norwegian startup that develops tools for a better future of work. Its first product, Timely, is the world's first AI-powered time tracking and planning tool. Memory has recently introduced Dewo, a personal assistant for deep work. Founded in 2013, Memory is based out of Oslo, Norway.

Xeneta

Series C in 2021
Xeneta provides container freight pricing transparency with one platform in real-time and on demand. Benchmark the ocean container freight rates with intelligent pricing data. Xeneta's turnkey software platform holds 45+MN spot and long-term contracted rates for 160+K trade lanes. Stay on top of the shipping price market movements and make sure rates are competitive. Xeneta was launched in 2012 and is based in Oslo, Norway.

Ignite

Series A in 2021
Ignite helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

Hemispherian

Pre Seed Round in 2021
Hemispherian is a biotechnology firm that formulates new treatments for all kinds of cancer.

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 provides customers with data-driven insights and knowledge of their food-sourcing operations through digital software solutions. Organizations may assure sustainable sourcing, enhance farmer quality of life, and safeguard the environment with the use of SaaS solutions.

CardioMech

Series A in 2020
CardioMech is a developer of therapeutic devices for structural heart disease that provides a transcatheter alternative to cardiac surgery for the placement of artificial chords for the mitral valve. The company's devices are used for the placement of artificial chords, enabling surgeons to get access to new therapeutic options for heart diseases. The technology is being developed to treat patients with severe, symptomatic, degenerative mitral regurgitation (DMR) due to prolapse or flail. CardioMech was founded in 2015 and is headquartered in Trondheim, Norway.

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 helps you move away from scattered files and take control of your purchasing to work with suppliers in a new way. With Ignite, you get a complete picture of your suppliers and spend to become compliant, reduce risk, save costs, and most importantly, drive positive change — for business, society, and the environment.

VIBBIO

Venture Round in 2019
VIBBIO is a video maker for workplace communications. Videos are natural storytellers. Take advantage of video storytelling to stand have messages stand out in the workplace. Ideal for employee engagement, training, learning and internal communication messaging and updates > covering all stages of a great employee experience. Communication comes alive with video. The most effective and engaging way to communicate today is short and visual. 25 seconds can be all it takes to tell a story, share or update. With VIBBIO businesses can trust their employees to stay on-brand at all times, and give them the freedom to deliver their messages in an engaging and connecting format. Our SaaS application lets users make finished videos easily: - Upload assets, record directly and/or use stock materials - Soft-edit and add supporting texts, subtitles and automatic branding - Export directly in the browser and share to the intended audience - Easy to collaborate, re-use videos and create own templates

Xeneta

Venture Round in 2019
Xeneta provides container freight pricing transparency with one platform in real-time and on demand. Benchmark the ocean container freight rates with intelligent pricing data. Xeneta's turnkey software platform holds 45+MN spot and long-term contracted rates for 160+K trade lanes. Stay on top of the shipping price market movements and make sure rates are competitive. Xeneta was launched in 2012 and is based in Oslo, Norway.

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 the ultimate digital platform to connect skiers and mountain enthusiasts, giving them more convenience, safety and fun when they visit any ski resort and mountain destination. And it works the other way too, connecting resorts and brands to both existing and potential customers. Since December 2020, Skitude Holding AS is a listed company in Euronext Growth Oslo, with main offices in Norway, Spain, Switzerland, and US. For more information about the group and its company brands checkout www.skitudegroup.com

Dele Health Tech

Seed Round in 2018
Dele Health Tech detects falls with 4x more accuracy than other automated fall systems and ensures that staff at any type of senior living and nursing facility are alerted in real-time. Considering that 1 in 3 community residents over 65 falls each year and that fall-related injuries account for 70 percent of deaths among people over 75, we are addressing a key issue in the healthcare industry.

Memory

Venture Round in 2018
Memory is a Norwegian startup that develops tools for a better future of work. Its first product, Timely, is the world's first AI-powered time tracking and planning tool. Memory has recently introduced Dewo, a personal assistant for deep work. Founded in 2013, Memory is based out of Oslo, Norway.

Novelda

Funding Round in 2018
NOVELDA is a privately held, R&D driven, semiconductor company, based in Norway and specializing in nanoscale wireless low-power ultra wideband (UWB) technology for high resolution impulse radar.

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
Manual visual inspection of industrial assets is costly, time-consuming and exposes human operators to risk of injury. ScoutDI has developed the drone Scout 137 for inspection of confined spaces and indoor industrial assets that eliminates the need for scaffolding or climbing. Follow inspections as they happen live in our Scout Portal, location-tag findings with their precise location in the 3D asset model and generate reports.The company has now customers on all continents.

ScoutDI

Seed Round in 2018
Manual visual inspection of industrial assets is costly, time-consuming and exposes human operators to risk of injury. ScoutDI has developed the drone Scout 137 for inspection of confined spaces and indoor industrial assets that eliminates the need for scaffolding or climbing. Follow inspections as they happen live in our Scout Portal, location-tag findings with their precise location in the 3D asset model and generate reports.The company has now customers on all continents.

FunzioNano AS

Venture Round in 2018
FunzioNano is an independent research organisation in Scandinavia. 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

Venture Round in 2018
FunzioNano is an independent research organisation in Scandinavia. 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.

Well Conveyor

Venture Round in 2018
Well Conveyor is a downhole engineering company who are developing a battery powered slimhole conveyor, ideally suited for small horizontal wells.

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 is the leading transparent and contextualized location data platform. We empower companies to make smarter decisions and build better products by providing the most accurate understanding of human activity in the physical world through the Real World Graph®. We believe that democratizing access to data is the currency of innovation, and we're on a mission to fix inaccurate and unverified location data to deliver unparalleled transparency and accuracy to our partners. Unacast is based out of NYC. Co-founders Thomas Walle and Kjartan Slette were also part of the founding team behind TIDAL, the music streaming company acquired by Jay-Z. Unacast has been awarded multiple awards for its platform, campaigns and company growth and culture.

Hy5Pro AS

Venture Round in 2018
Hy5Pro AS is a Norwegian Medtech company that develops hydraulic hand prosthetics. They across all geographic, demographic, and socioeconomic areas should have the right to the highest possible quality of life, including full mobility. Through the years, the company has driven innovation and invested in creating a hand prosthetic with optimal functionality – at a reasonable price.

Sensibel

Seed Round in 2018
Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

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.

Intelecy

Venture Round in 2018
Intelecy is a fast-growing Norwegian technology company providing solutions for customers worldwide across a large number of industries. Intelecy provides tools to analyze production data from the manufacturing and processing industry using machine learning to prevent breakdowns, predict failures, improve production processes and provide deep insight into your operations. With more than 20 years of experience from automation, SCADA, MES and industrial IT we have seen that most factories across industries are not leveraging the power of machine learning.

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 fast-growing Norwegian technology company providing solutions for customers worldwide across a large number of industries. Intelecy provides tools to analyze production data from the manufacturing and processing industry using machine learning to prevent breakdowns, predict failures, improve production processes and provide deep insight into your operations. With more than 20 years of experience from automation, SCADA, MES and industrial IT we have seen that most factories across industries are not leveraging the power of machine learning.

APIM Therapeutics

Venture Round in 2017
APIM Therapeutics is based on an original discovery by Prof. Marit Otterlei and co-inventors at the Department of Cancer Research and Molecular Medicine at NTNU (Trondheim, Norway). The company is currently developing proprietary peptide drugs targeting PCNA (Proliferating Cell Nuclear Antigen), a key DNA repair protein regulating cellular responses to DNA damage and stress.

Northern.tech

Series A in 2017
Northern.tech builds a suite of ease-to-use security products for the connected world. Each product shall not only be a single-purpose product, but also complement each other to give their customers the option to pick and choose the products that best fits their needs. Their products shall address the needs of everyone from small companies to large enterprises - world wide. ***MENDER*** Mender provides a secure and robust over-the-air (OTA) software update management solution for embedded devices and the Internet of Things (connected devices) across horizontal markets. The unique benefits of Mender lies in security and robustness guarantee for devices to stay operational as they receive software updates, a very delicate and nuanced process. Even in case of a devastating event such as sudden power or network loss during an update, Mender will be able to recover and restore the device into a well known good running state. The open core business model offers minimal barriers for embedded and IoT developers to adopt and start using Mender. Mender’s focus on ease of use provides quick time-to-value allowing developers to focus on their product’s core features. ***CFEngine*** CFEngine is a large-scale software solution that helps system administrators and other stakeholders in large IT organizations to become more agile and respond faster to business requirements while ensuring SLAs and regulatory compliance. CFEngine, the inventor of infrastructure-as-code, allows users, in code using the domain specific language (DSL) of CFEngine, to define desired states of their IT infrastructure. Lightweight CFEngine agents continuously ensures that the actual states are converging toward the desired states, and reporting desired and actual states. The solution is built upon Promise Theory(https://en.wikipedia.org/wiki/Promise_theory). Written in C, CFEngine runs on multiple platforms and architectures, from the smallest embedded devices to large servers and mainframes, easily handling tens and hundreds of thousands of resources. Many DevOps organizations use CFEngine to ensure consistency across different environments and automated application deployment. Due to its strong security track-record CFEngine is widely used in regulated industries like financial services, telecom, health care and governmental agencies. The solution comes in a free open source Community Edition and paid commercial Enterprise Edition, also leveraging the open core model.

PLUVIA AS

Venture Round in 2017
PLUVIA AS is developing a drug that will improve the quality of life of children affected by the rare, congenital disease disorder.

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 is a technology company specializing in smart grid solutions for the energy sector. They focus on optimizing and digitizing power grid infrastructure to enhance efficiency, reliability, and sustainability. These sensors are installed on power lines to provide real-time data on various parameters, including temperature, load, and line sag. They help in monitoring and managing the grid more effectively. Heimdall Power's mission is to revolutionize the way power grids are managed by providing real-time data and advanced analytics to improve grid performance and facilitate the transition to renewable energy sources.

Villoid

Venture Round in 2017
Villoid is an online retailer that enables its users to purchase fashion products. The retailer provides its users with a mobile application that enables its users to search for and purchase the fashion items of their choice. Furthermore, the application enables designers to join their community to create fashion items that can be sold to others. Villoid was launched in 2015 and is based in Ohio.

Dimension10

Seed Round in 2017
Dimension10 is a platform that enables instant virtual prototyping and collaboration in virtual reality.

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 provides solutions to clean Produced Water and Slop Water for the Oil & Gas industry. Their technologies will also be applicable to other markets as mining, petrochem refining, shipping, pulp & paper etc. However, Sorbwater has chosen to focus on the Upstream Oil & Gas market. They work to save groundwater resources and minimize harmful discharge, at the same time as saving treatment costs for their clients. Sorbwater’s technology is a combination of patented, green chemistry and hardware – in the form of high performance separation equipment. Their solutions represent Best Available Technology. The company supplies and maintains compact treatment plants for onshore and offshore use. The technology has been tested and approved by several international oil companies. The company is backed by Sarsia Seed AS, Proventure Management AS, Sparebanken Vest and the Aquarion Group. Sarsia Seed AS and Proventure Management AS are both leading Norwegian, early stage, venture capital funds.

AblePay Technologies

Seed Round in 2017
AblePay Technologies was founded in 2009 as a spin-out from the Research Department of Telenor, and the technology has been developed in close collaboration with SINTEF, the largest independent research organisation in Scandinavia.

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 offering software solutions for the Internet of Things (IoT) through its TelluCloud platform. Tellu IOT AS is driving change and innovation providing services using the IoT plattform "TelluCloud"​.

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 is based in Harstad, Norway and offers patented technology and services that analyze and prevents deposits (scaling) in oil and gas wells.

Xsens

Venture Round in 2017
XSENS AS is a spin-off company from Christian Michelsen Research (CMR) AS. XSENS AS aims to develop intelligent non-invasive measurement systems com-bining high accuracy, control optimization and early fault detection for the oil and gas industry: - Process optimization - Flow Assurance - Integrity Measurement

Novelda

Funding Round in 2016
NOVELDA is a privately held, R&D driven, semiconductor company, based in Norway and specializing in nanoscale wireless low-power ultra wideband (UWB) technology for high resolution impulse radar.

poLight

Venture Round in 2016
poLight is developing micro optics components. The technology is based on proprietary and patented methods for creating active optical components based on deformable polymers. poLight's main project is to develop the world's smallest and most cost-efficient auto focus lens for micro cameras. The poLight technology is characterized by wafer scale manufacturability, compact size, low cost and high optical quality. poLight is based in Horten, outside Oslo, Norway.

Skioo

Series A in 2016
At Skioo, we want every skiing experience to be as smooth as fresh powder snow. We’re obsessively passionate about it, and our mission is to help people achieve it, too. Thanks to the Skioo Pass skiers have instant access to a large network of ski partner resorts in Switzerland and around the world. Moreover, the Skioo App creates a community of snow lovers and offers additional information and other features to fully enjoy the ski experience. Our team is made up of enthusiasts of ski and outdoor activities, backed up by amazing partners. Skioo is a Skitude company since 2019 Key tech partners: Skidata AG - Team Axess AG

Unacast

Series A in 2016
Unacast is the leading transparent and contextualized location data platform. We empower companies to make smarter decisions and build better products by providing the most accurate understanding of human activity in the physical world through the Real World Graph®. We believe that democratizing access to data is the currency of innovation, and we're on a mission to fix inaccurate and unverified location data to deliver unparalleled transparency and accuracy to our partners. Unacast is based out of NYC. Co-founders Thomas Walle and Kjartan Slette were also part of the founding team behind TIDAL, the music streaming company acquired by Jay-Z. Unacast has been awarded multiple awards for its platform, campaigns and company growth and culture.

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 Diagnostics

Venture Round in 2016
SpinChip Diagnostics will market the new state of the art platform for in vitro diagnostics point of care analyses. The technology will provide significant value by enabling faster, easier and more reliable point of care analyses at hospitals and in decentralized medical settings. The fully automated device analyses blood samples within a few minutes. The company will initially focus on the rapid cardiac segment. A Troponin-I analysis is under development and the portfolio will swiftly be broaden to a cardiac panel. The SpinChip platform will deliver the same quality as the very best high-sensitivity central laboratory analyzers, thus making the customer value proposition significantly more attractive than competing point of care platforms.

Kebony

Venture Round in 2015
Kebony is an Oslo-based Norwegian company that produces superior quality wood and aims to be a leading wood brand. Founded in 1997, its aim originally was to modify wood in an environment-friendly way based on a research at the University of New Brunswick, Canada. With the company’s headquarters in Oslo and its production factory is in Skein, Kebony caters to its various subsidiaries in Norway, Denmark, and Sweden. The company also has sales representatives in Germany, France, Italy, the United Kingdom, and the United States and a wide distribution network around the globe. Kebony developed a patented process called Kebonization that makes softwood look and act like hardwood, without the use of toxic chemicals. Kebony’s technology offers a sustainable, environment-friendly alternative to tropical hardwood. The process involves impregnating softwood with furfuryl alcohol, a natural waste product of agricultural crops.

Fronteer Solutions

Funding Round in 2015
Fronteer Solutions is an asset management firm that offers a portfolio of savings and investment solutions based on predetermined criteria. The firm obtains stock information using the global index “MSCI ACWI” which consists of approximately 2,500 companies across 46 countries. Fronteer Solutions Invest AS is a registered alternative investment funds (AIF) and is offered as investment products to professional investors. It is a subsidiary of Fronteer Solutions AS. Fronteer Solutions is based in Oslo, Norway.

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.

Ace Oil Tools

Venture Round in 2015
Ace Oil Tools offers an effective solution for securely locking additional downhole components onto any tube. It created a tool to install and reliably anchor tools. They are developing products for use in downhole applications across the energy sector.

CFEngine

Series B in 2015
CFEngine is a pioneer in IT Automation at WebScale. It enables organizations to become more agile and thrive in the Cloud Era by radically simplifying, automating and transforming the way they build, deliver and consume IT infrastructure and applications. With CFEngine, some of the largest IT organizations provision resources and deploy new applications orders of magnitude faster, while ensuring continuous availability, security and compliance in large-scale, very dynamic and highly complex environments. CFEngine has users in more than 100 countries, including many of the world’s largest financial organizations such as JPMC, as well as companies like LinkedIn, DirecTV, Locaweb, and Deutsche Telekom.

poLight

Venture Round in 2015
poLight is developing micro optics components. The technology is based on proprietary and patented methods for creating active optical components based on deformable polymers. poLight's main project is to develop the world's smallest and most cost-efficient auto focus lens for micro cameras. The poLight technology is characterized by wafer scale manufacturability, compact size, low cost and high optical quality. poLight is based in Horten, outside Oslo, Norway.

Novelda

Funding Round in 2014
NOVELDA is a privately held, R&D driven, semiconductor company, based in Norway and specializing in nanoscale wireless low-power ultra wideband (UWB) technology for high resolution impulse radar.

Kebony

Venture Round in 2014
Kebony is an Oslo-based Norwegian company that produces superior quality wood and aims to be a leading wood brand. Founded in 1997, its aim originally was to modify wood in an environment-friendly way based on a research at the University of New Brunswick, Canada. With the company’s headquarters in Oslo and its production factory is in Skein, Kebony caters to its various subsidiaries in Norway, Denmark, and Sweden. The company also has sales representatives in Germany, France, Italy, the United Kingdom, and the United States and a wide distribution network around the globe. Kebony developed a patented process called Kebonization that makes softwood look and act like hardwood, without the use of toxic chemicals. Kebony’s technology offers a sustainable, environment-friendly alternative to tropical hardwood. The process involves impregnating softwood with furfuryl alcohol, a natural waste product of agricultural crops.

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 builds a suite of ease-to-use security products for the connected world. Each product shall not only be a single-purpose product, but also complement each other to give their customers the option to pick and choose the products that best fits their needs. Their products shall address the needs of everyone from small companies to large enterprises - world wide. ***MENDER*** Mender provides a secure and robust over-the-air (OTA) software update management solution for embedded devices and the Internet of Things (connected devices) across horizontal markets. The unique benefits of Mender lies in security and robustness guarantee for devices to stay operational as they receive software updates, a very delicate and nuanced process. Even in case of a devastating event such as sudden power or network loss during an update, Mender will be able to recover and restore the device into a well known good running state. The open core business model offers minimal barriers for embedded and IoT developers to adopt and start using Mender. Mender’s focus on ease of use provides quick time-to-value allowing developers to focus on their product’s core features. ***CFEngine*** CFEngine is a large-scale software solution that helps system administrators and other stakeholders in large IT organizations to become more agile and respond faster to business requirements while ensuring SLAs and regulatory compliance. CFEngine, the inventor of infrastructure-as-code, allows users, in code using the domain specific language (DSL) of CFEngine, to define desired states of their IT infrastructure. Lightweight CFEngine agents continuously ensures that the actual states are converging toward the desired states, and reporting desired and actual states. The solution is built upon Promise Theory(https://en.wikipedia.org/wiki/Promise_theory). Written in C, CFEngine runs on multiple platforms and architectures, from the smallest embedded devices to large servers and mainframes, easily handling tens and hundreds of thousands of resources. Many DevOps organizations use CFEngine to ensure consistency across different environments and automated application deployment. Due to its strong security track-record CFEngine is widely used in regulated industries like financial services, telecom, health care and governmental agencies. The solution comes in a free open source Community Edition and paid commercial Enterprise Edition, also leveraging the open core model.

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.

Ziebel AS

Venture Round in 2014
Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time.

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 is a provider of technology and services for aquatic genes for research, conservation, and the aquaculture industry. They deliver cost-saving solutions. The process of freezing biological material at temperatures, that cause all biological activity. They includes biochemical reactions. They are specialized in cryopreservation technologies for aquatic material and fish reproduction systems.

Numascale

Series B in 2012
Numascale AS was founded in 2008. The Numascale technology includes a modular chip microarchitecture that allows system vendors to choose the right configuration to support their performance requirements. The microarchitecture incudes several parallel micro-coded memory transaction engines with a large number of outstanding memory transactions, memory controller for the cache and memory tags, a cross-bar switch for the interconnect fabric and a number of interconnect fabric link controllers. This means that there is no need for any external interconnect fabric switch, all switching is performed on-chip and the interconnect fabric is implemented with wiring through a PCB backplane or cables. The entire design for NumaConnect™ is implemented in a single FPGA or ASIC called NumaChip™ depending on the system vendor’s requirements.

Zilift Limited

Venture Round in 2012
Zilift was established to develop and market permanent magnet technologies for innovative artificial lift applications. Zilift Magnet Drive™ systems are defined by the high efficiency, compact design capabilities of permanent magnet materials. Zilift innovative artificial lift systems deliver high torque or hi-flow in the most versatile, compact downhole drivetrain packages. Zilift is currently developing two product lines which will offer reductions in lifting costs and enable customers to explore innovative PCP and ESP deployments in situations and applications where none exist today. Zilift TorqueDrive™ for PCP – is an integrated downhole drivetrain and PCP artificial lift system. Zilift TorqueDrive™ removes the compromises and failure modes that are associated with top drive systems. The system dramatically improves pump performance and wellbore placement options. Zilift SpeedDrive™ for ESP – is the only 2⁵⁄₈″ diameter ESP in the world. Now it is possible to deploy an ESP on cable or wireline and take all the benefits of ESP artificial lift to new through tubing, slim bore, live well intervention and restricted access applications.

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 is developing micro optics components. The technology is based on proprietary and patented methods for creating active optical components based on deformable polymers. poLight's main project is to develop the world's smallest and most cost-efficient auto focus lens for micro cameras. The poLight technology is characterized by wafer scale manufacturability, compact size, low cost and high optical quality. poLight is based in Horten, outside Oslo, Norway.

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.

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

Zilift Limited

Venture Round in 2011
Zilift was established to develop and market permanent magnet technologies for innovative artificial lift applications. Zilift Magnet Drive™ systems are defined by the high efficiency, compact design capabilities of permanent magnet materials. Zilift innovative artificial lift systems deliver high torque or hi-flow in the most versatile, compact downhole drivetrain packages. Zilift is currently developing two product lines which will offer reductions in lifting costs and enable customers to explore innovative PCP and ESP deployments in situations and applications where none exist today. Zilift TorqueDrive™ for PCP – is an integrated downhole drivetrain and PCP artificial lift system. Zilift TorqueDrive™ removes the compromises and failure modes that are associated with top drive systems. The system dramatically improves pump performance and wellbore placement options. Zilift SpeedDrive™ for ESP – is the only 2⁵⁄₈″ diameter ESP in the world. Now it is possible to deploy an ESP on cable or wireline and take all the benefits of ESP artificial lift to new through tubing, slim bore, live well intervention and restricted access applications.

GasSecure

Venture Round in 2011
GasSecure develops a wireless infrared hydrocarbon gas detector for industrial applications. It also develops technology solutions that provide wireless explosion protection in the oil, gas, and other industries. The company specializes in MEMS-based low-power gas detection and safe wireless communication. GasSecure was acquired by Drager USA in March 2015. GasSecure was founded by Knut Sandven and Hakon Sagberg in 2008.

Smartfish AS

Venture Round in 2011
Smartfish is a Norwegian, research-based company.

Havgul Clean Energy

Venture Round in 2010
Havgul Clean Energy AS is a company which develops wind power projects in Norway and Sweden. The company is also involved in other markets, primarily Poland and the USA. HAVGUL is the name of the offshore wind that hits the Norwegian coast. However, the name is as much known as the name of the company behind the Havsul projects, Havsul I, Havsul II and Havsul IV.

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 AS provides well performance analytical software solutions and consultancy for the upstream sector of the oil and gas industry. Its products include well integrity management system (WIMS), a structured system for management of well integrity; wellmaster, a software for storing and analyzing reliability data on well completion equipment; exprobase, a collection of practical knowledge to understand and prevent unwanted events related to well technology; Cara Fault-Tree, a tool for fault tree analysis and construction; fieldsim, a tool for field development planning and optimization; and miriam random-access memory (RAM) studio, a cloud based production performance simulation for oil and gas, and process industries. The company also provides subseamaster, a database for subsea production systems; subsea blowout preventer (BOP) master, a database for subsea blowout preventer (BOP) reliability; offshore blowout database, an event database for blowout risk assessment; and reliability management system (RMS), a web based reliability management system for customized well and subsea technology. In addition, it offers risk and reliability studies, technology qualification, quantitative risk assessments, and software development services. The company offers its studies related to various offshore wells and well integrity issues, including drilling equipment and risk, equipment qualification, reliability/operating availability assessment, comparing various concepts, and evaluating effect of barrier problems and mitigation. ExproSoft AS was founded in 2000 and is based in Trondheim, Norway with additional offices in Stavanger, Norway and Houston, Texas. As of May 5, 2020, ExproSoft AS operates as a subsidiary of Peloton Computer Enterprises Ltd.

Nordic Halibut

Venture Round in 2010
Atlantic halibut is the largest member of flatfish family, with its eyes on its greyish side and a white blind side. Juveniles are found along the coast of Norway in relatively shallow waters, whereas full-grown Atlantic halibut usually stay at depths of 300 to 2000 metres. Atlantic halibut spawn at depths of 300 to 700 metres in deep hollows in the banks off the coast or in the fjords. Atlantic halibut is extremely vulnerable to overfishing - it is territorial, grows very slowly and matures late. A serving of Norwegian White Halibut will delight many of the senses. Combined with colorful accessories, the delicate, white flesh of the white halibut is aesthetic to behold. Its juicy, meaty consistency will please your palate, wether it is served as a thick fillet, a cutlet, broiled whole, or bite -size chunks. Norwegian White Halibut is also exelent when served raw in a white halibut carpaccio or as sushi. Norwegian White Halibut has a robust bone structure that is easy to remove, which make both the preparation and the eating a pleasure. With Norwegian White Halibut on the menu, the chef's creativity will be easily inspired.

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.
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