Kistefos

Kistefos, established in 1989, is a Norwegian investment firm that specializes in both fund of funds and direct investments. For direct investments, the company focuses on early stage, growth capital, and buyouts, with a minimum investment of NOK 10 million ($1.85 million). It operates across various sectors, including offshore, shipping, financial services, real estate, information technology, and telecommunication. Kistefos seeks significant ownership stakes, aiming to be an active partner to management teams and founders, and typically exits investments within three to seven years.

Espen Franzon Amundsen

Investment Analyst

Nishant Fafalia

Investment Manager

Ola Beinnes Fosse

CFO

Hege Galtung

Managing Director, AS Holding

Tom Holberg

Investment Director

Gunnar Jacobsen

Investment Director

Nicolai Lunde

Investment Analyst

Otto Moltke-Hansen

Investment Analyst

Bengt Rem

CEO

Bengt A Rem

CEO

Lars Petter Utseth

Investment Manager

21 past transactions

fileAI

Series A in 2024
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

WorkClass

Venture Round in 2022
Workclass is an online job search platform designed to connect blue-collar workers with employers seeking front-line staff. The platform facilitates job matching by allowing candidates to search for employment opportunities that align with their skills. At the same time, it provides employers with access to a pool of resumes, enabling them to identify and hire suitable candidates. Workclass aims to streamline the hiring process for both job seekers and companies, enhancing the efficiency of employment in the blue-collar sector.

Hemispherian

Series A in 2022
Hemispherian is a biotechnology company focused on developing innovative treatments for various types of cancer, particularly aggressive forms such as glioblastoma multiforme. The firm specializes in personalized cancer therapies and is working on a new class of small-molecule drugs designed to address significant unmet medical needs in oncology. By formulating these advanced treatments, Hemispherian aims to provide physicians with access to novel therapeutic options that can improve patient outcomes in the fight against cancer.

Semine

Series B in 2022
Semine specializes in accounting automation, providing a platform that enhances financial data accessibility in real-time for large enterprises and accounting firms. By utilizing a semantic model for invoice classification, the company streamlines the labor-intensive aspects of accounts payable, including cost distribution at both general ledger and dimension levels. This innovative approach allows for significant automation, reducing operational costs and enabling firms to focus on analysis and strategic insights. As a market leader in AI-driven accounts payable solutions, Semine is experiencing substantial growth, particularly in the Nordic region, where it competes with established players in the industry.

fileAI

Seed Round in 2022
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

Surer

Seed Round in 2021
Surer operates a cloud-based platform aimed at addressing inefficiencies in the insurance industry. By digitizing manual tracking and simplifying basic processes, the platform enhances collaboration between insurance intermediaries and insurers. It facilitates networking and resource sharing, allowing intermediaries to close deals more efficiently and enabling insurers to distribute their products effectively. Through automation, Surer improves the speed and efficiency of interactions within the insurance ecosystem, ultimately streamlining the overall workflow for all participants.

fileAI

Seed Round in 2021
fileAI is an innovative company that focuses on providing an AI-based data extraction platform tailored for financial transparency. Founded in 2020, the firm specializes in combining human-assisted artificial intelligence with advanced automation to enhance bookkeeping processes. Its platform automatically retrieves data from various financial and non-financial sources, organizing it into an accounting ledger. Clients benefit from a comprehensive dashboard that offers detailed reports and analytics, which facilitate the automation of manual data entry and support informed business decision-making. By streamlining accounting processes, fileAI aims to deliver efficiency and clarity to organizations in the Fintech and SaaS sectors.

Semine

Series B in 2021
Semine specializes in accounting automation, providing a platform that enhances financial data accessibility in real-time for large enterprises and accounting firms. By utilizing a semantic model for invoice classification, the company streamlines the labor-intensive aspects of accounts payable, including cost distribution at both general ledger and dimension levels. This innovative approach allows for significant automation, reducing operational costs and enabling firms to focus on analysis and strategic insights. As a market leader in AI-driven accounts payable solutions, Semine is experiencing substantial growth, particularly in the Nordic region, where it competes with established players in the industry.

Semine

Series A in 2021
Semine specializes in accounting automation, providing a platform that enhances financial data accessibility in real-time for large enterprises and accounting firms. By utilizing a semantic model for invoice classification, the company streamlines the labor-intensive aspects of accounts payable, including cost distribution at both general ledger and dimension levels. This innovative approach allows for significant automation, reducing operational costs and enabling firms to focus on analysis and strategic insights. As a market leader in AI-driven accounts payable solutions, Semine is experiencing substantial growth, particularly in the Nordic region, where it competes with established players in the industry.

WorkClass

Seed Round in 2020
Workclass is an online job search platform designed to connect blue-collar workers with employers seeking front-line staff. The platform facilitates job matching by allowing candidates to search for employment opportunities that align with their skills. At the same time, it provides employers with access to a pool of resumes, enabling them to identify and hire suitable candidates. Workclass aims to streamline the hiring process for both job seekers and companies, enhancing the efficiency of employment in the blue-collar sector.

Semine

Seed Round in 2020
Semine specializes in accounting automation, providing a platform that enhances financial data accessibility in real-time for large enterprises and accounting firms. By utilizing a semantic model for invoice classification, the company streamlines the labor-intensive aspects of accounts payable, including cost distribution at both general ledger and dimension levels. This innovative approach allows for significant automation, reducing operational costs and enabling firms to focus on analysis and strategic insights. As a market leader in AI-driven accounts payable solutions, Semine is experiencing substantial growth, particularly in the Nordic region, where it competes with established players in the industry.

Antler

Venture Round in 2020
Antler, established in 2017 and headquartered in Singapore, is an early-stage venture capital firm focused on investing in technology companies. It supports exceptional founders from day one, providing access to a global network of co-founders, talent, advisors, and expansion support, along with capital. Antler's funds, including Antler UK Fund and Antler India Fund, target various sectors such as information technology, climate tech, healthtech, software, energy services, and SaaS, with investments ranging from USD 0.2 to 0.4 million.

Semine

Funding Round in 2018
Semine specializes in accounting automation, providing a platform that enhances financial data accessibility in real-time for large enterprises and accounting firms. By utilizing a semantic model for invoice classification, the company streamlines the labor-intensive aspects of accounts payable, including cost distribution at both general ledger and dimension levels. This innovative approach allows for significant automation, reducing operational costs and enabling firms to focus on analysis and strategic insights. As a market leader in AI-driven accounts payable solutions, Semine is experiencing substantial growth, particularly in the Nordic region, where it competes with established players in the industry.

TradeIX

Series A in 2018
TradeIX Ltd. is a company that specializes in developing an open platform called TIX Platform for trade finance, which is powered by distributed ledger technology. This decentralized platform allows clients to integrate it with their existing systems, facilitating connectivity through application programming interfaces (APIs). TIX Platform consists of four main components: TIX Apps, which offer customer-facing solutions; TIX Developer, which provides APIs and software development resources; TIX Composer, an orchestration engine for managing trade finance rules and smart contracts; and TIX Core, an open infrastructure for global trade. The platform enhances trade finance operations by enabling secure data storage, automated contract enforcement, and asset verification. TradeIX collaborates with banks, corporates, and ERP providers, helping financial institutions and investors access trade flows to generate revenue opportunities. Established in 2016, TradeIX is headquartered in Cork, Ireland, with additional offices in Dublin, London, and Singapore.

Line2

Series A in 2009
Line2, Inc. is a provider of cloud-based business phone services that simplifies communication for users by offering a second line for their devices. Founded in 2006 and headquartered in San Francisco, California, Line2 allows clients to manage business and personal calls and texts separately through an app. Its full-featured VoIP service works on existing smartphones, tablets, and computers, eliminating the need for additional hardware with no setup or cancellation fees. Line2 offers three affordable plans that cater to different needs, including features such as unlimited texting and calling, call forwarding, and custom call screening. The service is designed to support the modern mobile workstyle, making it an ideal solution for small businesses seeking a professional phone line. As of June 2018, Line2 operates as a subsidiary of j2 Global, Inc.

Bambuser

Seed Round in 2009
Bambuser is a software-as-a-service (SaaS) company specializing in live video shopping technology. Founded in 2007, it pioneered interactive mobile live video broadcasting and has since become a prominent supplier in the live video segment. In late 2019, Bambuser introduced its flagship product, which allows brands to conduct live shopping events directly on their websites, marking a significant advancement in the retail sector outside of Asia. The company's technology platform, Iris, provides app developers with tools to integrate live video streaming into their applications through a comprehensive suite of SDKs, APIs, and libraries. Bambuser's solutions cater to a variety of sectors, including news, media, social applications, drones, and live events, serving some of the largest global brands and e-commerce companies. Headquartered in Stockholm, Bambuser continues to lead innovation in the interactive live video space.

Kappa Bioscience

Venture Round in 2009
Kappa Bioscience AS, established in 2006 and headquartered in Oslo, Norway, specializes in the development and production of vitamin K2 as menaquinone-7. The company pioneers the synthesis of MK-7, offering it under the brand name K2VITAL to food supplement and fortified food manufacturers worldwide through its global sales division Kappa Ingredients GmbH and a network of distributors. Kappa Bioscience's product portfolio includes microencapsulated DELTA for stability in mineral formulations, along with other vitamin K2 variants like MK-7 for food supplements and fortified foods. The company's innovations ensure high ingredient purity, scalability, and secure supply chains, enabling broader market access for its clients.

Bambuser

Seed Round in 2008
Bambuser is a software-as-a-service (SaaS) company specializing in live video shopping technology. Founded in 2007, it pioneered interactive mobile live video broadcasting and has since become a prominent supplier in the live video segment. In late 2019, Bambuser introduced its flagship product, which allows brands to conduct live shopping events directly on their websites, marking a significant advancement in the retail sector outside of Asia. The company's technology platform, Iris, provides app developers with tools to integrate live video streaming into their applications through a comprehensive suite of SDKs, APIs, and libraries. Bambuser's solutions cater to a variety of sectors, including news, media, social applications, drones, and live events, serving some of the largest global brands and e-commerce companies. Headquartered in Stockholm, Bambuser continues to lead innovation in the interactive live video space.

Promon

Venture Round in 2008
Promon AS is a cybersecurity company based in Oslo, Norway, that specializes in developing and selling security software for businesses that handle sensitive information. Founded in 2006, Promon provides a suite of application security solutions designed to protect online services and software applications from security threats. Its products are aimed at online service providers, covering areas such as online banking, e-commerce, and enterprise resource planning systems. Promon's security technology extends beyond the application itself, proactively detecting and blocking potential threats to prevent data tampering and leakage. Through its integrated service protection and application protection offerings, Promon ensures the integrity and confidentiality of sensitive information for its clients.

OstomyCure

Venture Round in 2007
OstomyCure AS is a Medical Technology company with a headquarter in Oslo, Norway. The company develops a revolutionary technology called Transcutaneous Implant Evacuation System, The TIES® System. The TIES® Continent Ileostomy System, is a titanium implant solution with a lid intended to replace a conventional ileostomy. It allows a more carefree life for patients who suffer from inflammatory bowel diseases such as Crohn´s disease, Ulcerative colitis, multiple cancer or other related diseases that need the removal of the colon (large intestine). The TIES® System is the result of several years of research combined with the latest 3D manufacturing technology, developed and produced in accordance with regulatory standards to ensure safety for the patients.

Solbright

Venture Round in 1999
Solbright is a revenue operations and workflow platform designed for digital media companies to enhance revenue and improve return on investment. The platform offers a comprehensive solution that includes various product modules such as adSales, adTraffic, adBilling, adInventory, and adReport. These modules enable services such as inventory forecasting and management, order management, and automation of trafficking and billing processes, helping clients streamline their operations and optimize revenue generation.
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