Investinor

Investinor, established in 2008, is a Norwegian venture capital firm headquartered in Trondheim. It specializes in investing in high-potential, internationally focused companies based in Norway, with a focus on early growth to expansion-stage investments. The firm manages a portfolio of NOK 4.2 billion (approximately $500 million) and concentrates on sectors such as internet, software, semiconductors, energy, cleantech, marine, and life sciences.

Johan Bjørkevoll

Investment Director

Pål Breiland

CFO and Board Member

Rannveig Fadum

Investment Director

Torjus Falkanger

Associate

Otto Frøseth

Investment Director

Egil Garberg

Investment Manager

Marthe Hammerø

Associate

Ane Haugdal

Associate

John-Arne Hørløck

Investment Associate

Patrick Kartevoll

Investment Director

Ann-Tove Kongsnes

Investment Director

Mika Myrseth

Junior Associate

Patrick Sandahl

Investment Director and Head of Transactions

Ola Smeby

Investment Director

Kirill Tkachenko

Associate

Ronny Vikdal

Investment Director

Øystein Wikan

Investment Manager

Johann Bleivik Wist

Associate

Erik Wold

Investment Director

Past deals in Nordic Europe

EXACT THERAPEUTICS AS

Post in 2024
EXACT Therapeutics AS is a clinical-stage biotechnology company based in Oslo, Norway, founded in 2012. The company focuses on developing a technology platform known as Acoustic Cluster Therapy (ACT), which utilizes sonoporation, a non-invasive method that employs ultrasound to enhance the effectiveness of various therapeutic agents. This innovative approach has the potential to significantly improve treatment outcomes across multiple medical fields, including oncology, where it can enhance chemotherapy and immunotherapy, as well as in the treatment of infectious diseases and neurological conditions.

Heimdall Power

Series B in 2024
Heimdall Power AS is a technology company based in Bergen, Norway, that specializes in smart grid solutions for the energy sector. Established in 2015, the company develops a sensor platform called Neuron, which enhances situational awareness along transmission lines and distribution feeders. This platform includes features such as line monitoring, real-time feeder visualization, fault detection and analysis, dynamic line rating, and quality assurance. By utilizing advanced technologies like artificial intelligence and machine learning, Heimdall Power provides grid owners with critical real-time data on parameters such as temperature, load, and line sag. This data aids in optimizing and digitizing power grid infrastructure, ultimately improving efficiency, reliability, and sustainability while facilitating the transition to renewable energy sources.

Intelecy

Venture Round in 2023
Intelecy, a Norwegian technology company established in 2000, specializes in industrial data analytics. It offers machine learning-driven solutions to clients worldwide, spanning various industries. The company's core expertise lies in preventing equipment breakdowns, predicting failures, enhancing production processes, and providing comprehensive operational insights. With over two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy empowers businesses to optimize predictive maintenance and process efficiency.

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, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Cimon Medical

Series A in 2020
Cimon Medical AS, based in Trondheim, Norway, specializes in the development and manufacturing of ultrasound blood-flow monitoring devices. Founded in 2019, the company has created the NeoDoppler device, which allows for direct, non-invasive, and continuous monitoring of blood flow in the brains of premature or critically ill infants. The core innovation lies in a coin-sized ultrasound probe that operates as a single-element transducer with an unfocused beam, enabling the continuous measurement of blood circulation by illuminating a 1×4 cm cylindrical area of tissue. This design allows for the simultaneous capture of all blood flow signals within that volume, providing valuable relative measures of blood volume flow without the need for complex equipment or highly skilled operators. Cimon Medical's technology addresses previous challenges in continuous blood flow monitoring, offering a simpler and more efficient solution for healthcare providers.

CardioMech

Series A in 2020
CardioMech is a Norwegian company focused on developing therapeutic devices for structural heart disease, specifically aimed at providing a transcatheter alternative to traditional cardiac surgery. Founded in 2015 and headquartered in Trondheim, the company specializes in catheter-based technology that facilitates the placement of artificial chords for the mitral valve. This innovative approach allows surgeons to address severe symptomatic degenerative mitral regurgitation (DMR) caused by conditions such as prolapse or flail, without the need for open-heart surgery. By enabling minimally invasive procedures, CardioMech's devices offer new therapeutic options for patients suffering from moderate to severe mitral regurgitation, thereby improving treatment outcomes while reducing the risks associated with more invasive surgical methods.

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.

Xeneta

Venture Round in 2019
Xeneta, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Planktonic AS

Seed Round in 2019
Planktonic AS, based in Trondheim, Norway, specializes in the development and production of live and preserved feed for the aquaculture and aquarium industries. Founded in 2008, the company focuses on utilizing natural zooplankton as a sustainable feed source for marine species, ensuring that the nutritional qualities of the feed are maintained. Planktonic has pioneered innovative techniques for harnessing this abundant marine resource, positioning itself as a leader in the market for live feed. Its unique cryopreservation technology allows for the preservation and revival of live crustacean nauplii, presenting a viable alternative to traditional live feeds such as rotifers and artemia. Through extensive scientific research and an understanding of commercial aquaculture needs, Planktonic aims to enhance the efficiency and sustainability of marine hatcheries.

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

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 is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

ScoutDI

Venture Round in 2018
Scout Drone Inspection AS, established in 2017 and headquartered in Trondheim, Norway, specializes in the design and development of drones and cloud-based data analytics tools for indoor inspections, particularly in industrial settings. The company has created the Scout 137 drone, which is specifically engineered for inspecting confined spaces, thereby eliminating the need for scaffolding or climbing, which can pose safety risks to human operators. The drones are equipped with indoor collision avoidance technology and navigation software, allowing for planned routes and autonomous operation. Users can conduct live inspections through the Scout Portal, accurately location-tagging findings within a 3D asset model and generating comprehensive reports. ScoutDI serves a global clientele, with customers on all continents, addressing the challenges of traditional manual inspections, which are often costly and time-consuming.

ScoutDI

Seed Round in 2018
Scout Drone Inspection AS, established in 2017 and headquartered in Trondheim, Norway, specializes in the design and development of drones and cloud-based data analytics tools for indoor inspections, particularly in industrial settings. The company has created the Scout 137 drone, which is specifically engineered for inspecting confined spaces, thereby eliminating the need for scaffolding or climbing, which can pose safety risks to human operators. The drones are equipped with indoor collision avoidance technology and navigation software, allowing for planned routes and autonomous operation. Users can conduct live inspections through the Scout Portal, accurately location-tagging findings within a 3D asset model and generating comprehensive reports. ScoutDI serves a global clientele, with customers on all continents, addressing the challenges of traditional manual inspections, which are often costly and time-consuming.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is a research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Its innovative polymers are designed for various applications, including water-repellent coatings, fire-retardant materials, and gas barrier packaging. By focusing on these advanced materials, FunzioNano AS aims to contribute to improved performance and safety in multiple industries.

FunzioNano AS

Venture Round in 2018
FunzioNano AS is a research organization based in Trondheim, Norway, established in 2015. The company specializes in the development of nano-sized hybrid polymers that enhance the properties of commodity materials. Its innovative polymers are designed for various applications, including water-repellent coatings, fire-retardant materials, and gas barrier packaging. By focusing on these advanced materials, FunzioNano AS aims to contribute to improved performance and safety in multiple industries.

Well Conveyor

Venture Round in 2018
Well Conveyor AS, established in 2015 and based in Bryne, Norway, specializes in downhole engineering by developing a battery-powered slimhole conveyor designed for small horizontal wells. The company's innovative conveyor system is specifically engineered to convey logging tools for oil wells, utilizing an efficient electro-mechanical design that maximizes battery performance. This technology allows oil and gas companies to service wells that were previously inaccessible due to the limitations of traditional tractor systems, thereby enhancing operational efficiency and expanding the potential for resource extraction in challenging environments. Well Conveyor primarily serves oil services companies, contributing to advancements in downhole operations.

Cura8

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

Hy5Pro AS

Venture Round in 2018
Hy5Pro AS is a Norwegian Medtech company based in Oslo that specializes in the manufacture and development of hydraulic prosthetics. Founded in 2015, the company aims to enhance the quality of life for individuals across various demographics by providing advanced prosthetic solutions. Its flagship products include MyHand, which features adaptive and sensitive grips, and MySkin, designed to improve appearance while ensuring a secure grip. Hy5Pro AS is committed to innovation and has invested in creating hand prosthetics that combine optimal functionality with affordability, ensuring that users can experience full mobility and improved everyday living.

Intelecy

Venture Round in 2018
Intelecy, a Norwegian technology company established in 2000, specializes in industrial data analytics. It offers machine learning-driven solutions to clients worldwide, spanning various industries. The company's core expertise lies in preventing equipment breakdowns, predicting failures, enhancing production processes, and providing comprehensive operational insights. With over two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy empowers businesses to optimize predictive maintenance and process efficiency.

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, a Norwegian technology company established in 2000, specializes in industrial data analytics. It offers machine learning-driven solutions to clients worldwide, spanning various industries. The company's core expertise lies in preventing equipment breakdowns, predicting failures, enhancing production processes, and providing comprehensive operational insights. With over two decades of experience in automation, SCADA, MES, and industrial IT, Intelecy empowers businesses to optimize predictive maintenance and process efficiency.

APIM Therapeutics

Venture Round in 2017
APIM Therapeutics AS is a biotechnology company based in Trondheim, Norway, specializing in the development of combinatorial therapies for cancer treatment. Founded in 2009, the company focuses on proprietary peptide drugs that target proliferating cell nuclear antigen (PCNA), a crucial protein involved in DNA repair and cellular responses to stress. APIM Therapeutics is advancing its lead compound, ATX-101, which has demonstrated proof-of-concept in various preclinical in vitro and in vivo cancer models. The company's innovative approach aims to disrupt the interactions between PCNA and its binding partners, offering potential strategies to eliminate cancer-specific tumor cells.

PLUVIA AS

Venture Round in 2017
Pluvia AS is a Norwegian company based in Bergen, founded in 2015, specializing in the research and development of pharmacological chaperones aimed at treating diseases associated with protein misfolding. The company is focused on creating innovative therapies that seek to enhance the quality of life for children suffering from rare congenital disorders. By addressing the underlying molecular mechanisms of these diseases, Pluvia AS aims to provide effective solutions for patients and their families.

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 is a technology company based in Bergen, Norway, that specializes in smart grid solutions for the energy sector. Established in 2015, the company develops a sensor platform called Neuron, which enhances situational awareness along transmission lines and distribution feeders. This platform includes features such as line monitoring, real-time feeder visualization, fault detection and analysis, dynamic line rating, and quality assurance. By utilizing advanced technologies like artificial intelligence and machine learning, Heimdall Power provides grid owners with critical real-time data on parameters such as temperature, load, and line sag. This data aids in optimizing and digitizing power grid infrastructure, ultimately improving efficiency, reliability, and sustainability while facilitating the transition to renewable energy sources.

Dimension10

Seed Round in 2017
Dimension10 AS, founded in 2014 and based in Oslo, Norway, specializes in developing a platform known as VirtuaView. This innovative platform facilitates instant virtual prototyping and enhances collaboration in virtual reality environments. By providing tools that streamline communication and collaboration, Dimension10 aims to transform how teams interact and create in virtual spaces.

Sorbwater Technology

Venture Round in 2017
Sorbwater Technology AS is a fluids environmental services company based in Bergen, Norway, specializing in water and wastewater purification for the oil and gas industry. Established in 2007, the company focuses on providing innovative solutions to clean produced water and slop water, utilizing patented green chemistry and advanced separation equipment. Their product lineup includes Sorbfloc, a biodegradable flocculent for wastewater treatment, Sorbsep, which efficiently separates hydrocarbons from produced water, and Sorbpol, an automated polishing reactor designed to address clogging issues. Sorbwater also offers compact treatment plants suitable for both onshore and offshore applications, ensuring compliance with environmental standards while reducing treatment costs for clients. Although primarily focused on the upstream oil and gas sector, Sorbwater's technology has potential applications in other industries such as mining and petrochemical refining. The company's solutions have been tested and endorsed by various international oil companies, reflecting their commitment to sustainable practices and resource conservation.

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, founded in 2013 and based in Bergen, Norway, specializes in developing non-invasive measurement systems tailored for the oil and gas industry. The company's innovative solutions focus on process optimization, flow assurance, and integrity measurement, allowing for the non-invasive installation on standard process pipes. As a spin-off from Christian Michelsen Research (CMR) AS, Xsens aims to enhance operational efficiency through high accuracy and early fault detection in measurement systems.

Novelda

Funding Round in 2016
Novelda is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

poLight

Venture Round in 2016
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

SpinChip Diagnostics

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 health conditions, including cardiovascular, endocrine, anemic, diabetic, infectious, and inflammatory diseases. The company is focused on providing a state-of-the-art platform for in vitro diagnostics that enables rapid, reliable analyses of blood samples in both hospital and decentralized medical settings. This fully automated device delivers results within minutes, initially targeting the rapid cardiac segment with a Troponin-I analysis currently under development. SpinChip aims to expand its offerings to include a comprehensive cardiac panel, ensuring that its platform matches the quality of high-sensitivity central laboratory analyzers, thus presenting a compelling value proposition compared to existing point-of-care solutions.

Kebony

Venture Round in 2015
Kebony is a Norwegian company based in Oslo, specializing in the production of modified wood that mimics the properties of hardwood. Founded in 1997, Kebony utilizes a patented process called Kebonization, which involves treating sustainable softwood with furfuryl alcohol, a natural byproduct of agricultural crops. This environmentally friendly method enhances the wood's durability and aesthetic qualities, allowing it to be used effectively in both interior and exterior applications. Kebony caters to a diverse clientele, including architects, designers, and developers, with a distribution network that spans Norway, Denmark, Sweden, Germany, France, Italy, the United Kingdom, and the United States. The company aims to provide a sustainable alternative to tropical hardwood, emphasizing its commitment to eco-friendly practices and superior quality wood products.

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.

Ace Oil Tools

Venture Round in 2015
Ace Oil Tools AS, founded in 2012 and based in Randaberg, Norway, specializes in providing stop collars designed to protect control lines in downhole applications within the energy sector. The company offers a range of products, including stop collars for elevators and ratchet collars, which serve to securely lock additional downhole components onto any tube. Ace Oil Tools focuses on developing reliable tools that facilitate the installation and anchoring of downhole equipment, ensuring safety and effectiveness in energy operations.

poLight

Venture Round in 2015
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

Novelda

Funding Round in 2014
Novelda is a privately held semiconductor company based in Norway that focuses on research and development of nanoscale wireless low-power ultra wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence by monitoring minute movements, such as breathing and heartbeat. These sensors have various indoor applications, including consumer electronic devices and smart building systems. By integrating this advanced technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency in diverse settings.

Kebony

Venture Round in 2014
Kebony is a Norwegian company based in Oslo, specializing in the production of modified wood that mimics the properties of hardwood. Founded in 1997, Kebony utilizes a patented process called Kebonization, which involves treating sustainable softwood with furfuryl alcohol, a natural byproduct of agricultural crops. This environmentally friendly method enhances the wood's durability and aesthetic qualities, allowing it to be used effectively in both interior and exterior applications. Kebony caters to a diverse clientele, including architects, designers, and developers, with a distribution network that spans Norway, Denmark, Sweden, Germany, France, Italy, the United Kingdom, and the United States. The company aims to provide a sustainable alternative to tropical hardwood, emphasizing its commitment to eco-friendly practices and superior quality wood products.

Cyviz

Venture Round in 2014
Cyviz is a global technology provider specializing in high-performance visualization, collaboration, and command and control systems tailored for meeting rooms. Founded in 1992 and headquartered in Stavanger, Norway, the company operates regional offices in key cities such as Houston, Washington D.C., Dubai, Riyadh, Beijing, and Singapore. Cyviz serves a diverse client base, including global enterprises and government entities, focusing on delivering solutions that prioritize usability, security, and quality. The company offers a cross-platform experience that enables effective management and control of systems and resources across various organizations, making it a preferred choice for clients with complex requirements. The majority of Cyviz's revenue is generated from the Europe, Middle East, and Africa (EMEA) regions, followed by the Americas and other markets.

Ziebel AS

Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company offers innovative technologies, particularly the Z-System, which utilizes a fiber optic composite rod to enable real-time access and visualization of well bores. Ziebel's technology supports various applications, including Distributed Temperature Sensing (DTS) for leak detection and integrity monitoring, as well as Distributed Acoustic Sensing (DAS) for fluid movement visualization and flow pattern recognition. Its solutions, such as the Z-Rod and Z-Line, are designed for safe deployment into producing or injecting wells, providing operators with critical data to enhance production efficiency and safety. Ziebel also maintains a web platform, Z-Community, to facilitate resource sharing and training for its employees and partners worldwide.

Placewise

Series C in 2014
Placewise is a global proptech company specializing in digital solutions for the shopping center industry. Established in 2004, it operates in multiple locations across Europe, the USA, Dubai, and Hong Kong, serving over 100 shopping center customers worldwide. The company's core product, The Mall Performance Cloud, integrates all digital touchpoints within a shopping mall environment into a single data layer. This enables Placewise to offer point-to-point solutions for loyalty schemes via mobile and integrated advertising solutions, ultimately helping shopping center owners increase sales. Placewise is committed to providing measurable results and continuously expands its global market position and product development, backed by venture and private equity funds.

Numascale

Series B in 2012
Numascale AS, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the development of big data analytics appliances for enterprise servers. The company offers a range of products including NumaQ, a terascale in-memory analytics appliance designed for high-performance data analytics, and NumaQ R Appliance, which supports statistical programming with R for large data set computations. Additionally, Numascale provides MonetDB, a column-store database integrated with R for analytics purposes. Its technology features a modular chip microarchitecture, which allows system vendors to customize configurations according to performance needs, while utilizing an on-chip interconnect fabric that eliminates the necessity for external switches. Numascale's innovations enable businesses to leverage scalable in-memory computing and shared memory systems, thus simplifying the design of scale-up systems for data-intensive applications. The company operates as a subsidiary of Dolphin Group ASA.

Placewise

Series A in 2012
Placewise is a global proptech company specializing in digital solutions for the shopping center industry. Established in 2004, it operates in multiple locations across Europe, the USA, Dubai, and Hong Kong, serving over 100 shopping center customers worldwide. The company's core product, The Mall Performance Cloud, integrates all digital touchpoints within a shopping mall environment into a single data layer. This enables Placewise to offer point-to-point solutions for loyalty schemes via mobile and integrated advertising solutions, ultimately helping shopping center owners increase sales. Placewise is committed to providing measurable results and continuously expands its global market position and product development, backed by venture and private equity funds.

poLight

Series B in 2011
poLight is a Norwegian company based in Horten, specializing in the development of micro optical components using proprietary methods involving deformable polymers. The company focuses on creating the world's smallest and most cost-effective autofocus lenses for micro cameras, which are applicable in smartphones, wearables like smartwatches and smart glasses, as well as in industrial sectors such as medical and retail. poLight's technology is distinguished by its ability to manufacture components at the wafer scale, ensuring compact size, low cost, and high optical quality. Its product offerings include Driver ASIC and TLens, serving markets across the United States, Asia, and Europe.

OceanSaver

Venture Round in 2011
OceanSaver is a Norwegian company specializing in the manufacture of ballast water management systems for medium and large ocean-going vessels. It has established itself as a recognized supplier of ballast water treatment systems that comply with the United Nations’ Ballast Water Treatment Convention. OceanSaver was among the first companies to receive approval from the International Maritime Organization and to successfully complete rigorous testing by the US Coast Guard, obtaining type approval in December 2016. The company focuses on filtering and disinfecting ballast water to mitigate the environmental impacts associated with ballast discharge during cargo loading. Additionally, it offers anti-corrosion components that can be integrated into ships to protect ballast-tank coating systems. Following a bankruptcy filing in 2017, OceanSaver was acquired by IMS Group, which is dedicated to providing advanced technological solutions within the offshore and marine sectors.

Smartfish AS

Venture Round in 2011
Smartfish AS is a Norwegian biotech company based in Oslo, founded in 2001. The company specializes in developing omega-3 based emulsions aimed at promoting brain health, heart health, and supporting the immune system and recovery processes. Its portfolio includes clinical nutritional products such as Smartfish NutriFriend 1100, designed for patients experiencing cancer cachexia, and NutriFriend 600, intended for individuals with general malnutrition. Additionally, Smartfish offers a range of nutraceutical drinks, dietary supplements, and nutritional treatments for cardiovascular diseases, alongside sports nutrition products and juice-based formulations for both pediatric and adult use. The company's products are utilized in various healthcare settings, including hospitals.

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 Communications

Venture Round in 2010
Ping Communication AS, founded in 2007 and based in Oslo, Norway, specializes in developing internet products that enhance connectivity and communication. The company offers a range of devices, including analog telephone adapters, broadband gateways, integrated access devices, and fiber equipment. These products support various services such as video, data, telephony, and wireless communication, often incorporating features like firewalls and remote monitoring capabilities. By combining the functionalities of broadband modems and wireless routers, Ping Communication aims to provide comprehensive solutions for modern communication needs.

Målselv Utvikling

Venture Round in 2010
Målselv Utvikling AS, established in 2005 and based in Moen, Norway, was involved in the development and operation of various hospitality and recreational facilities, including hotels, conference venues, apartment complexes, and amusement parks. One of its notable projects was Målselv Fjellandsby, situated near Bardufoss Airport, which provided convenient access for visitors from Oslo and other northern cities. The resort, located at an altitude of 360 meters, featured new buildings of high quality, offering amenities such as a ski café, pub, conference room, sports shop, and ski rental services. However, as of May 3, 2013, Målselv Utvikling AS entered liquidation, indicating a cessation of its business operations.

ExproSoft

Venture Round in 2010
ExproSoft AS is a software and consultancy firm specializing in well performance analytics for the upstream oil and gas sector. Founded in 2000 and headquartered in Trondheim, Norway, with additional offices in Stavanger and Houston, the company offers a range of products designed to enhance well integrity and operational safety. Its offerings include a well integrity management system, software for analyzing well completion equipment reliability, and a cloud-based production performance simulation tool. ExproSoft also provides databases focused on subsea production systems and blowout preventers, alongside risk and reliability studies, technology qualification, and customized software development services. By equipping oil and gas operators with insights into equipment failures and risks, ExproSoft aims to improve well uptime, reduce intervention costs, and increase production throughout the wells' life cycles.

Nordic Halibut

Venture Round in 2010
Nordic Halibut AS is a Norwegian company specializing in the farming of Atlantic halibut, renowned for its quality and culinary versatility. Founded in 1995 and based in Bergen, Norway, the company markets its fish under the brand name Nordic Halibut. It offers a variety of products, including fresh halibut on ice and frozen portions, catering to both domestic and international markets, including the USA and the UK. The Atlantic halibut, characterized by its delicate white flesh and robust bone structure, is prized for its flavor and aesthetic appeal, making it a favorite in various culinary applications, from fillets to sushi. Nordic Halibut plays a crucial role in sustainable aquaculture, addressing the challenges of overfishing associated with this 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.

Aptomar

Venture Round in 2010
Aptomar is a prominent provider of integrated field monitoring sensors, systems, and services tailored for the oil and gas industry, with a strong emphasis on ensuring the safety of people, the environment, and assets. Based in Trondheim, Norway, with additional offices in Houston, USA, and Rio de Janeiro, Brazil, Aptomar specializes in 24/7 oil spill detection, emergency response, surveillance, and search and rescue operations. The company employs proprietary technology alongside commercially available sensors to consolidate remotely monitored data into a unified display, enabling real-time operational oversight. Skilled operators analyze this sensor data to intervene promptly when necessary, supporting offshore operators during incidents. In response to industry demands for enhanced monitoring strategies, Aptomar established Aptomarin, a maritime control center in Trondheim in 2014. This center offers continuous monitoring and expertise, ensuring robust detection capabilities and effective emergency response, staffed by master mariners and maritime professionals with extensive experience.

Innotech Solar

Venture Round in 2009
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.

Numascale

Series A in 2009
Numascale AS, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the development of big data analytics appliances for enterprise servers. The company offers a range of products including NumaQ, a terascale in-memory analytics appliance designed for high-performance data analytics, and NumaQ R Appliance, which supports statistical programming with R for large data set computations. Additionally, Numascale provides MonetDB, a column-store database integrated with R for analytics purposes. Its technology features a modular chip microarchitecture, which allows system vendors to customize configurations according to performance needs, while utilizing an on-chip interconnect fabric that eliminates the necessity for external switches. Numascale's innovations enable businesses to leverage scalable in-memory computing and shared memory systems, thus simplifying the design of scale-up systems for data-intensive applications. The company operates as a subsidiary of Dolphin Group ASA.

Aptomar

Seed Round in 2007
Aptomar is a prominent provider of integrated field monitoring sensors, systems, and services tailored for the oil and gas industry, with a strong emphasis on ensuring the safety of people, the environment, and assets. Based in Trondheim, Norway, with additional offices in Houston, USA, and Rio de Janeiro, Brazil, Aptomar specializes in 24/7 oil spill detection, emergency response, surveillance, and search and rescue operations. The company employs proprietary technology alongside commercially available sensors to consolidate remotely monitored data into a unified display, enabling real-time operational oversight. Skilled operators analyze this sensor data to intervene promptly when necessary, supporting offshore operators during incidents. In response to industry demands for enhanced monitoring strategies, Aptomar established Aptomarin, a maritime control center in Trondheim in 2014. This center offers continuous monitoring and expertise, ensuring robust detection capabilities and effective emergency response, staffed by master mariners and maritime professionals with extensive experience.
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