ProVenture

ProVenture Management AS, established in 2006, is a Norwegian venture capital firm specializing in seed and early-stage investments. It focuses on sectors such as energy, oil and gas technology, marine and material technology, process and medical technology, and information and communication technology. ProVenture typically invests in Norwegian-based companies, often acting as a lead investor in the initial phase and seeking co-investors. With over a billion Norwegian Kroner under management across three seed funds, the firm is a member of the Norwegian Venture Capital Association.

Tom Arnøy

Senior Partner

Thor Egil Five

Partner

Fredrik Hvistendahl

Senior Partner

Borgar Ljosland

Senior Partner

Herbjørn Skjervold

CEO

Past deals in Oslo

Sonair

Venture Round in 2024
Sonair is a deep-tech startup that develops a breakthrough 3D ultrasonic sensor to enable autonomous robotics with improved safety, affordability, and efficiency. Spun out from SINTEF, it leverages piezoelectric micromachined ultrasonic transducers and advanced processing to deliver true 3D imaging in air, expanding robot perception beyond traditional 2D vision. The sensor aims to enhance safety and spatial awareness for applications in robotics, building automation, and automotive sectors, while reducing system costs. Based in Oslo, Norway, Sonair was founded in 2022 by an experienced team led by Knut Sandven, focusing on advances in ultrasonics and MEMS to provide robust, scalable perception for machines.

Numascale

Series A in 2009
Numascale AS is a technology company based in Oslo, Norway, founded in 2008, that specializes in computer system interconnect technology for enterprise servers. The company develops solutions that facilitate scalable in-memory computing, enabling vendors to create big data analytics appliances tailored to specific performance requirements. Numascale's offerings include the NumaQ terascale in-memory analytics appliance, which efficiently handles data analytics workloads, and the NumaQ R Appliance, designed for statistical computing with R. Additionally, it provides MonetDB, a column-store database integrated with R, enhancing database-centric analytics capabilities. The company's innovative modular chip microarchitecture features on-chip memory transaction engines and a shared memory architecture, streamlining the design process for system vendors by eliminating the need for external interconnect fabric switches. Numascale operates as a subsidiary of Dolphin Group ASA.

SnapTV

Venture Round in 2008
SnapTV is a provider of digital infotainment systems that has been in operation since 2005, specializing in IPTV technology and services. The company serves a diverse range of sectors, including maritime, offshore, hospitality, healthcare, and education. SnapTV enhances communication and entertainment experiences, improving guest comfort in hotels, enriching student life on campuses, and promoting patient welfare in hospitals. Its IPTV solutions include television, video-on-demand services, radio, and both software and hardware support. The company's systems are deployed globally, with partnerships that ensure efficient operation and maintenance through a dedicated Service Operation Center. This center monitors systems to guarantee uninterrupted service and high-quality performance. SnapTV is headquartered in Oslo, Norway, and collaborates with regional value-added resellers and certified partners to meet the needs of its clients effectively.
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