Televenture

TeleVenture Capital AS is a venture capital firm established in April 1993 and headquartered in Oslo, Norway. The firm specializes in investing in early-stage startup companies, primarily within the information and communication technology sectors, including mobile communication, wireless, broadband, and internet-related businesses. Additionally, TeleVenture has a broader investment scope that encompasses industries such as energy, telecom, oil and gas, life sciences, marine, and consumer sectors. The firm typically focuses its investments in Scandinavian and European regions and aims to secure board representation in its portfolio companies to support their growth and development.

Jørgen Nilsen

Partner

Dag Rian

Partner

Rune Rinnan

Founder & Managing Partner

Sverre Slåttsveen

Partner & Chief Financial Officer

Rune Sørum

Partner

Erik Wold

Partner

Past deals in Norway

Genetic Analysis

Venture Round in 2017
Genetic Analysis AS (GA) has the goal of being a leader within the field of molecular diagnostics of diseases related to gut imbalances. By utilizing the DNA-based GA-map™ array technology, profiles of a patient’s gut microbiota is quickly generated and can be related to various health conditions. Genetic Analysis has developed a DNA-based technology platform that allows for simultaneous analysis of a large number of similarities (but not identical) gene fragments in one reaction. The company’s focus is to utilize this technology platform to identify variations in the hundreds of different bacteria that exist in the gut (large and small intestine). The GA - map makes it possible, for the first time, to offer a diagnostic solution – including early detection - for many diseases that are affected by imbalances in the gut microbiota. Genetic Analysis will offer kits and services for a wide range of applications.

CrayoNano

Venture Round in 2017
CrayoNano AS, a nanotechnology company, develops optoelectronic devices based on semiconductor nanowires on graphene. The company offers nanoscale semiconductor materials and devices for optoelectronics applications. Its product are used in water disinfection, air purification, environmental monitoring, food processing, and life sciences applications. The company was founded in 2012 and is based in Trondheim, Norway.

Stingray Marine Solutions

Funding Round in 2016
Stingray Marine Solutions AS is engaged in developing a technology for the removal of sea lice. It offers optical delousing, a product for the aquaculture industry to control the amount of sea lice in net pens; and the automatic louse removal from the fish by means of camera vision, software, and laser. The company was founded in 2010 and is based in Oslo, Norway. Stingray Marine Solutions AS operates as a subsidiary of Beck Engineering AS.

Documaster

Seed Round in 2016
Documaster AS specializes in records and document management software solutions for private businesses and public organizations in Norway and internationally. Established in 2010 and headquartered in Oslo, the company provides a range of products, including Documaster for document storage and classification, Documaster API for integration with existing tools, a Decommissioning solution to consolidate legacy systems, and a Digitisation service to convert paper archives into digital formats. Originally spun off from NorseLAB in 2014, Documaster has developed a reputation for its information governance and archiving capabilities, serving over 450 government agencies. The company aims to streamline workflows, reduce costs, and enhance access to valuable records, utilizing advanced technologies such as Natural Language Processing, Machine Learning, and Graph Databases. With additional offices in Alesund, Sofia, Stockholm, London, and Trondheim, Documaster continues to expand its market presence and recruit skilled professionals globally.

Bitreactive

Venture Round in 2016
Bitreactive AS, established in 2011 and located in Trondheim, Norway, specializes in developing a technology platform for the rapid creation and maintenance of Machine-to-Machine (M2M) applications. The company has launched a marketplace that facilitates the buying and selling of components tailored for various M2M applications, including logistics solutions utilizing RFID and NFC technologies, sensor networks, and smart metering systems. Its development tool, known as Building Blocks, accelerates the application development process and enables the integration of third-party components. This platform serves as an integrated marketplace, distribution channel, and interaction network, promoting collaboration and innovation in the M2M sector.

Holberg EEG

Venture Round in 2015
Holberg EEG AS, an eHealth company, develops and publishes software for standardized structural interpretation, reporting and sharing of advanced diagnostic data, and is currently focused in the field of Electroencephalography (EEG). Its products include SCORE EEG Premium Edition, SCORE EEG Educational Platform, SCORE EEG Free Edition, demo and trial, and tutorial library. The company was founded in 2009 and is based in Bergen, Norway.

GlucoSet

Seed Round in 2015
GlucoSet is medical device company that is developing sensor technology for improved glucose control in intensive care units. Blood glucose levels are elevated and unstable in hospital intensive care unit (ICU) patients. This leads to costly infections, increased length of stay and mortality. The GlucoSet intravascular sensor delivers continuous and accurate information on patient's blood glucose level, enabling normalization of glucose levels, without the risk of sudden and dangerously low glucose levels.

Inhbio

Venture Round in 2014
Inhbio is a Bio-materials company developing non-toxic preventative ”state-of-the-art” additives reducing the biofilm challenge for a number of industries. Unwanted biofilm is a costly problem in a number of industries like shipping, food production & packaging and aqua-culture and the costs are measured in billion of USD pr. year.

MazeMap

Venture Round in 2014
MazeMap AS is a company that specializes in indoor maps and navigation services, catering to large building complexes such as universities, hospitals, and conference venues. Founded in 2013 and headquartered in Trondheim, Norway, with additional offices in Palo Alto, London, and Melbourne, MazeMap addresses the growing need for efficient wayfinding solutions amidst increasingly complex architectural environments. The company leverages technology, including satellite signals, Wi-Fi, machine learning, and artificial intelligence, to convert technical floor plans into interactive, user-friendly maps that are accessible through any web browser. This innovative platform allows users to easily search for locations, link to relevant information, and receive real-time updates, ultimately enhancing navigation and saving time for visitors.

Cloudberry Mobile

Venture Round in 2014
Cloudberry Mobile AS, based in Oslo, Norway, specializes in providing small cell infrastructure services, including the deployment of small cells and gateways, to mobile operators on an international scale. Incorporated in 2012, the company serves as an outsourcing partner for enhancing indoor coverage, allowing mobile operators to offer improved service to end customers without incurring capital or operational expenditures. As of April 2018, Cloudberry Mobile operates as a subsidiary of Chili Mobil AS.

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.

CondAlign

Venture Round in 2012
CondAlign AS develops and produces conductive films and related products. Its technology uses an electric field to structure and align particles in a polymer matrix to form a film and composite structure that can be utilized in various products and applications. CondAlign AS was founded in 2010 and is based in Oslo, Norway.

APIM Therapeutics

Venture Round in 2012
APIM Therapeutics AS is a biotechnology company based in Trondheim, Norway, founded in 2009. The company specializes in developing combinatorial therapies for cancer treatment, focusing on proprietary peptide drugs that target proliferating cell nuclear antigen (PCNA). PCNA plays a crucial role in DNA repair and cellular responses to DNA damage and stress, making it a significant target for cancer therapies. One of the company's key compounds, ATX-101, has demonstrated proof-of-concept in various preclinical in vitro and in vivo cancer models. The foundation of APIM Therapeutics is rooted in original research by Professor Marit Otterlei and her team at the Department of Cancer Research and Molecular Medicine at NTNU.

Solid Media

Venture Round in 2012
Solid Publication AS is a SaaS (Software as a Service) company that develops and market web-based tools which enable the customer to easily and professionally manage and analyze company activities across multiple channels in social media. Solid Publication is helping companies and people manage the complexity of this new social paradigm by producing tools and solutions which are more simple, affordable and effective than any other social media systems available in the market.

Boostcom

Venture Round 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.

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.

CompBuoy

Venture Round in 2011
CompBuoy AS is a Norwegian company that specializes in the manufacture and marketing of insulation and buoyancy materials designed for offshore risers in deep water applications. The company focuses on developing cost-effective materials that cater to water depths ranging from 1,000 to 5,000 meters. CompBuoy's products feature low density while maintaining the ability to withstand high pressure, making them suitable for underwater use, particularly in the context of floating buoys and risers.

Hybrid Energy

Venture Round in 2011
Hybrid Energy AS has developed a patented Hybrid Heat Pump System that makes it possible to deliver high temperatures up to 110 C. The company is based in the Institute for Energy Technology (IFE) and had his first installation of a hybrid heat pump in 2002.Since then, the Company has more than 125,000 hours of operating experience with proven low equipment wear and with average 80% energy savings. Hybrid Energy is currently the only supplier of this unique technology. All of the systems use the natural working fluid water and ammonia and is built around standard low pressure ammonia equipment.

SwingCatalyst

Venture Round in 2011
Initial Force AS has developed an easy to use, yet highly sophisticated motion analysis system primarily for sports training and coaching. The system integrates force plate technology and multiple high speed cameras to receive biomechanical feedback, providing sophisticated data for the user. Swing Catalyst's ground breaking and proprietary motion plate technology is the first fully integrated system which allows the user to see and measure rotational forces from a player’s actual golf swing.

Augmenti

Venture Round in 2011
Augmenti virtual reality technology (VR) completely replaces reality, augmented reality (AR) supplements reality by blending the real and the virtual in the actual physical environment. Augmenti AS seeks to become market leading supplier of AR solutions to national and international military and defense industry, within NATO and other partner governments. Augmenti’s technology can also be applied in other areas including architecture and urban planning.

CerPoTech

Venture Round in 2011
CerPoTech AS is a Norwegian company founded in 2007 that specializes in the development and manufacturing of multi-component ceramic oxide powders. Utilizing spray pyrolysis, CerPoTech produces high-purity, chemically homogeneous powders with a narrow particle size distribution, allowing for the tailored fabrication of complex oxides in significant quantities. These advanced ceramic powders are primarily used in applications such as solid oxide cells, gas separation membranes, and lead-free electroceramics. The company's focus on quality and precision in powder synthesis positions it as a key supplier in the ceramics industry.

Wavetrain Systems

Venture Round in 2011
Wavetrain Systems AS is a company dedicated to railway safety, and in particular safety at level crossings. The Company has developed a robust and reliable warning and safety solution for level crossings based upon new novel technology. Wavetrain Systems AS deliver solutions for railroad warning systems, one system for Level Crossings called LCWS (Level Crossing Warning System). The solutions provide substantial savings to the clients compared to current systems and without compromising on quality. The Wavetrain solution significantly reduces installation and life cycle cost whilst retaining the required quality and security at the crossing.

Applied Petroleum Technology

Venture Round in 2011
Applied Petroleum Technology AS provides analyses and consulting services to oil and gas industries worldwide. It offers geochemistry, biostratigraphic, petroleum system analysis, multi-client study, and course and training services; and EasyQuan, a program used for the quantitation of GC and GC-MS data, as well as SI-PIONA, a method for the group type analysis of gasoline and petroleum naphtha containing hydrocarbons. The company was founded in 2000 and is based in Oslo, Norway with operations in the United Kingdom, Canada, and the United States.

Light Structures

Venture Round in 2011
Light Structures AS specializes in the development and production of fiber optic structure monitoring systems utilizing Fiber Bragg Grating (FBG) technology. The company offers a range of products, including packaged sensor elements for measuring strain and temperature, as well as FBG analyzers and control software for sensor systems. Their solutions are designed for various applications, including hull stress monitoring, bridge monitoring, and new material design. Light Structures also provides advanced data analysis software, which features modules for assessing moments, forces, material utilization, and fatigue, among other metrics. In addition to product offerings, the company delivers services such as system design, installation, data analysis, and condition evaluation. Founded in 2001 and based in Oslo, Norway, Light Structures is recognized for its reliable and high-quality monitoring systems, which support effective operational data management and active fatigue management reporting.

Clarity WTS

Venture Round in 2011
Clarity WTS offers a unique and patented technology to reduce unwanted organic waste from fresh and salt water in an efficient and environmentally friendly manner. In addition the downdraft principle and aerification allows for an efficient CO2 degassing. The protein skimmer is available in several sizes, ranging from small applications to sizes suitable for larger land-based recirculation systems.

Nicarnica Aviation

Venture Round in 2011
Nicarnica Aviation AS specializes in the development of infrared and ultraviolet remote sensing solutions. The company offers multi-application integrated camera systems, airbone volcanic object imaging detectors, and ground based infrared imaging systems that are used to detect volcanic ash from ground based and airborne sensors, as well as offers various solutions relating to volcanic hazards. The company was founded in 2010 and is based in Kjeller, Norway. Nicarnica Aviation AS operates as a subsidiary of Nicarnica AS.