Viking Venture

Viking Venture is a private equity investment firm based in Trondheim, Norway, established in 2001. The firm specializes in investing in fast-growing business-to-business software companies with strong international potential, primarily within the Nordic region. With over 2.5 billion under management, Viking Venture focuses on scale-up companies, aiming to support their growth and expansion in the global market.

Eivind Bergsmyr

Partner

Martin Senning Eriksen

Senior Investment Manager

Eirik Hjelmeland

Investment Manager

Harald Jeremiassen

Partner and Board Member

Hege Kristine Kvitsand

CFO

Andreas Loktu

Investment Manager

Anders Løe

Senior Investment Associate

Rune Nervik

Senior Investment Associate

Andreas Davies Sandbu

Senior Investment Manager

Kjartan Berge Steinshamn

Investment Associate

57 past transactions

HR-Friend

Private Equity Round in 2021
HR-friend is building a best of breed group within HR software which will offer customers solutions for talent acquisition, onboarding and talent management

Attensi

Venture Round in 2021
Attensi AS, founded in 2009 and based in Oslo, Norway, specializes in developing gamified 3D simulations and workforce training software tailored for various industries, including retail, automotive, transport, and healthcare. The company's innovative training solutions utilize a simulation engine that allows employees to virtually practice procedures and engage with customers in realistic environments. This approach not only enhances employee skill development but also drives measurable improvements in organizational performance. In addition to the simulation software, Attensi offers a performance portal that tracks employee progress, providing valuable insights into training effectiveness. By combining elements of gamification with principles of workplace psychology, Attensi aims to foster genuine behavioral change and maximize the potential of teams within large organizations.

Encode

Private Equity Round in 2021
Encode is a global technology service that specializes in marketing work management solutions, focusing on enhancing the efficiency and automation of marketing production processes for retailers, agencies, manufacturers, and brand owners. The company offers a comprehensive suite of services, including digital asset management, product information management, and creative automation, all delivered through a cloud-based platform. By streamlining content planning, creation, approval, and management, Encode helps clients improve productivity and achieve cost savings in multi-channel marketing efforts. With a team of specialized professionals, Encode provides a 360-degree approach to marketing production, enabling businesses to optimize their workflows and accelerate their time to market.

TimeLog

Acquisition in 2020
TimeLog A/S is a company based in Copenhagen, Denmark, that specializes in developing and delivering SaaS solutions for time tracking and resource management. Founded in 2001, TimeLog offers a comprehensive suite of services that includes time tracking, project management, invoicing, reporting, customer management, and automated project invoicing. The company's software is designed to support various sectors, including consultancies, IT firms, engineering consultants, auditors, public organizations, and marketing agencies, by optimizing internal workflows and enhancing project management from the initial contract to final billing. In addition to its headquarters in Copenhagen, TimeLog has offices in Sweden and Malaysia, further extending its reach in the global market.

TimeLog

Private Equity Round in 2020
TimeLog A/S is a company based in Copenhagen, Denmark, that specializes in developing and delivering SaaS solutions for time tracking and resource management. Founded in 2001, TimeLog offers a comprehensive suite of services that includes time tracking, project management, invoicing, reporting, customer management, and automated project invoicing. The company's software is designed to support various sectors, including consultancies, IT firms, engineering consultants, auditors, public organizations, and marketing agencies, by optimizing internal workflows and enhancing project management from the initial contract to final billing. In addition to its headquarters in Copenhagen, TimeLog has offices in Sweden and Malaysia, further extending its reach in the global market.

FotoWare

Private Equity Round in 2020
FotoWare is a Norwegian software company specializing in Digital Asset Management (DAM) solutions, founded in 1997 by Ole Christian Frenning and Anders Bergman. Over its 20-year history, FotoWare has established itself as a leading provider in the industry, catering to more than 250,000 users and 4,000 clients across various sectors worldwide. The company offers a cloud-based software solution that empowers organizations to manage their digital assets effectively, allowing them to control subscriptions, user access, and image rights while facilitating media uploads for journalists. FotoWare supports industry-standard metadata formats, such as IPTC, XMP, EXIF, and ANSI/NISO, which helps clients automate repetitive tasks and streamline workflows. The company also promotes diversity and equality within the tech industry, with a workforce that includes 40% women and a significant portion under the age of 30.

EcoOnline

Private Equity Round in 2020
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

Flowbox

Series A in 2020
Flowbox AB is a Swedish SaaS company that provides a visual marketing platform designed to help brands leverage user-generated content (UGC) from social media throughout the customer journey. Founded in 2016 and headquartered in Stockholm, with additional offices in Amsterdam, Zurich, and Antwerp, Flowbox enables companies to increase engagement, enhance social proof, and drive sales. The platform includes tools for collecting, moderating, and publishing content on websites, online shops, and social media channels. Flowbox caters to a diverse range of industries, including tourism, lifestyle, fashion, retail, and interior design, and is recognized as one of Europe’s fastest-growing marketing technology firms. By offering features such as social commerce galleries, product reviews, and shoppable UGC, Flowbox helps brands present their products and services in a more authentic and engaging manner, allowing customers to make informed purchasing decisions and fostering stronger connections with the brands they support.

Flowbox

Series A in 2020
Flowbox sp. z o.o. is a Krakow-based company that specializes in a visual effects (VFX) platform designed for the film industry, particularly focusing on rotoscoping. Established in 2010, Flowbox offers advanced features that enhance the efficiency of visual studios by streamlining the matte creation process. Its platform includes tools such as rotoDRAW and rotoSNAP, which are designed with an artist-centric interface, enabling users to work more effectively. The company’s technology allows for precise individual tracking, shape stabilization, and various modes for isolating and overlaying mattes, significantly reducing the time required for rotoscope animation while maintaining high quality.

Tamigo

Venture Round in 2019
Tamigo is a cloud-based workforce management solution that has been serving small to medium-sized companies and international enterprises since 2006, primarily in the retail and hospitality sectors. The platform offers a comprehensive suite of tools that includes scheduling, absence management, performance tracking, employee communication, and forecasting. By automating manual processes and providing relevant data to users, Tamigo helps businesses optimize their operations and enhance staff management. With its headquarters in Copenhagen and a presence across Europe, Tamigo aims to simplify workforce management and improve performance for tens of thousands of users daily.

Asolvi

Private Equity Round in 2019
Asolvi is the provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry. With nearly 100 years of combined experience developing solutions for a broad array of field service sectors, Asolvi is the supplier of choice for companies seeking greater flexibility, scalability and profitability. Their three powerful products — Evatic, Tesseract and WinServ — are used in 30 countries by 800 customers, managing thousands of engineers, millions of contracts, and tens of millions of service tasks. Their mission is to continue creating, developing and honing new functionality and solutions for the largely under-served SME market, through collaboration and close relations with their customers. By understanding the issues, needs and preferences of SMEs, they’re in a prime position to deliver the robust and intelligent solutions that their increasingly service-oriented economy demands.

MyProduction

Venture Round in 2019
MyProduction specializes in developing cloud-based business management tools tailored for small and medium-sized manufacturing enterprises. The software facilitates the optimization and documentation of workflows, supporting the entire production process from purchasing to delivery. Key features include production and demand planning, project follow-up, and graphic resource planning for intermediate goods. This comprehensive approach enables manufacturing and logistics companies to effectively monitor their operations and manage raw material requirements. To enhance its offerings, MyProduction plans to pursue further acquisitions and invest in new technology.

Humly

Venture Round in 2019
Operator of an online recruitment platform intended to find school teachers and educators. The company's platform offers relevant assignments based on attitudes and interests, giving an outline of lesson planning, contact information, forecasted salary, school routines, and other important information, enabling people to teach students based on vacancy lots listed.

Mercell

Venture Round in 2018
Aksess Innkjøp provides a cloud based solution for the public sector and their vendors, digitizing the procurement process from announcement to purchase.

Attensi

Venture Round in 2018
Attensi AS, founded in 2009 and based in Oslo, Norway, specializes in developing gamified 3D simulations and workforce training software tailored for various industries, including retail, automotive, transport, and healthcare. The company's innovative training solutions utilize a simulation engine that allows employees to virtually practice procedures and engage with customers in realistic environments. This approach not only enhances employee skill development but also drives measurable improvements in organizational performance. In addition to the simulation software, Attensi offers a performance portal that tracks employee progress, providing valuable insights into training effectiveness. By combining elements of gamification with principles of workplace psychology, Attensi aims to foster genuine behavioral change and maximize the potential of teams within large organizations.

Keystone Academic Solutions

Venture Round in 2018
Keystone Academic Solutions is at the forefront of higher education marketing, recruitment, and student enrollment. They have been a reliable solutions specialist to their partner institutions since 2002. Now, after more than a decade Keystone remains your premier resource for student recruitment and marketing management needs. They work directly with your admissions officers to identify the best students for your school and they help you engage with only the most qualified applicants. Keystone is based in Oslo, Norway and their global team of higher education advisors work with over 3600 higher education institutions and agencies in more than 100 countries. Their mission is to match you with the right students so that you can reach your international marketing and enrollment goals. Keystone handles everything, letting you concentrate on making meaningful engagements with prospective students. Their multilingual approach offers you the widest visibility and their geo-optimized websites offer the highest conversion rates in the industry. Students trust Keystone because their partner schools and programs appear organically in their search results, and schools rely on Keystone because their team of international specialists is always working to strengthen and develop the innovations that provide the ideal marketing and enrollment solutions. At Keystone Academic Solutions, their passion for international higher education forms the core of their commitment to finding the right solutions to your needs, and they are excited to be alongside your school as a trusted partner in the ever evolving sector of global higher education.

Asolvi

Venture Round in 2018
Asolvi is the provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry. With nearly 100 years of combined experience developing solutions for a broad array of field service sectors, Asolvi is the supplier of choice for companies seeking greater flexibility, scalability and profitability. Their three powerful products — Evatic, Tesseract and WinServ — are used in 30 countries by 800 customers, managing thousands of engineers, millions of contracts, and tens of millions of service tasks. Their mission is to continue creating, developing and honing new functionality and solutions for the largely under-served SME market, through collaboration and close relations with their customers. By understanding the issues, needs and preferences of SMEs, they’re in a prime position to deliver the robust and intelligent solutions that their increasingly service-oriented economy demands.

EcoOnline

Private Equity Round in 2017
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

Attensi

Venture Round in 2017
Attensi AS, founded in 2009 and based in Oslo, Norway, specializes in developing gamified 3D simulations and workforce training software tailored for various industries, including retail, automotive, transport, and healthcare. The company's innovative training solutions utilize a simulation engine that allows employees to virtually practice procedures and engage with customers in realistic environments. This approach not only enhances employee skill development but also drives measurable improvements in organizational performance. In addition to the simulation software, Attensi offers a performance portal that tracks employee progress, providing valuable insights into training effectiveness. By combining elements of gamification with principles of workplace psychology, Attensi aims to foster genuine behavioral change and maximize the potential of teams within large organizations.

Ørn Software

Venture Round in 2017
Ørn Software develops Software-as-a-Service (SaaS) solutions tailored for efficient operations and maintenance across various industries, including real estate, manufacturing, food and beverages, and aquaculture. The company's offerings provide a comprehensive overview of essential business processes, facilitating improved collaboration and operational efficiency. Ørn Software's solutions aim to help businesses save time, reduce environmental impact, and lower costs, while addressing specific needs in real estate management, industrial maintenance and quality control, as well as energy and sustainability management.

View Software AS

Venture Round in 2017
View Software AS is to develop software and expertise that helps Its customers become even better at planning, optimizing and documenting important and value-creating processes. As a result of Its solutions, customers experience increased capacity, resource utilization and lifespan on machinery, equipment, construction and installations. It offers a solid number of possibilities within maintenance, planning of logistics and production. The tool is very functional while it is easy to learn without any prior knowledge.

MorphPackers

Venture Round in 2017
MorphPackers Limited manufactures re-frac packers and production packers for the global oil and gas sector. The company's products include STORM re-frac packer, that re-stimulates existing wells while maintaining maximum ID and enhancing field recovery, and CENTURION, that represents a complete rethink of production packer technology offering strength and sealing capabilities. MorphPackers Limited was incorporated in 2014 and is based in Aberdeen, United Kingdom.

Xait

Venture Round in 2016
Xait is a global Software Technology Company providing enterprise customers with software for document co-authoring, automation and collaboration. Our cloud-based software XaitPorter is a complete all-in-one co-authoring solution for teams to collaboratively create, manage and produce documents. Streamline and optimize your document production to maximize your revenue from bids and proposals and other business-critical documents.

poLight

Venture Round in 2016
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Signicat

Series B in 2016
Signicat is a digital identity service provider based in Europe, specializing in electronic identity and signature solutions. The company offers cloud-based services that facilitate user identification and electronic signing for both public and private sector clients. Signicat's solutions are designed to meet international standards and regulatory requirements, including privacy, anti-money laundering, and know your customer regulations. By providing advanced security technologies, Signicat helps organizations enhance their operational efficiency and deliver improved user experiences while mitigating risks associated with identity verification. Its clientele includes banks, financial institutions, insurance companies, government agencies, and businesses of all sizes. Founded in 2006 as Kantega Secure Identity, the company has grown to establish a presence in multiple countries, including the UK, Germany, the Netherlands, Portugal, Denmark, Sweden, Finland, and Norway. Signicat is committed to providing reliable services with banking-grade service level agreements to ensure scalability and trust.

Skooler

Venture Round in 2016
Skooler is a learning platform based in Moss, Norway, that provides pedagogical and smart learning tools integrated within Office 365. Founded in 2016, the company caters to learners, teachers, and parents by offering a suite of tools designed to streamline educational processes. Skooler's platform enables the creation of assignments that can include various multimedia elements, cloud storage for student work, and visibility for teachers and guardians. Additionally, it facilitates the development of timetables, topic plans, and lesson plans aligned with school curricula. The platform also features communication tools that connect teachers, students, and parents, thereby enhancing the overall educational experience. Skooler operates as a subsidiary of Avantador AS, focusing on leveraging technology to improve teaching efficiency and reduce administrative burdens.

Din ERP

Private Equity Round in 2016
Din ERP AS is a software company based in Trondheim, Norway, that specializes in cross-company collaboration enterprise portals for businesses in Norway and internationally. Since its incorporation in 2015, the company has developed an enterprise mobility platform to address diverse mobility needs, including integration with IFS applications. Din ERP also provides business-to-business solutions tailored for IFS applications, along with enterprise portals that facilitate time registration, travel expenses, purchasing, document management, and other operational functions.

House of Control

Venture Round in 2015
A unique solution for total control over all contracts and agreements

poLight

Venture Round in 2015
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Signicat

Series B in 2014
Signicat is a digital identity service provider based in Europe, specializing in electronic identity and signature solutions. The company offers cloud-based services that facilitate user identification and electronic signing for both public and private sector clients. Signicat's solutions are designed to meet international standards and regulatory requirements, including privacy, anti-money laundering, and know your customer regulations. By providing advanced security technologies, Signicat helps organizations enhance their operational efficiency and deliver improved user experiences while mitigating risks associated with identity verification. Its clientele includes banks, financial institutions, insurance companies, government agencies, and businesses of all sizes. Founded in 2006 as Kantega Secure Identity, the company has grown to establish a presence in multiple countries, including the UK, Germany, the Netherlands, Portugal, Denmark, Sweden, Finland, and Norway. Signicat is committed to providing reliable services with banking-grade service level agreements to ensure scalability and trust.

EcoOnline

Private Equity Round in 2014
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

EcoOnline

Acquisition in 2014
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

4subsea

Private Equity Round in 2014
4Subsea is a leading provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. By combining expert engineering competence, practical experience and a digital service, we ensure the integrity of subsea assets all the way from reservoir to deck. The company was founded in 2007 and our clients include all the major oil and gas operators as well as the large suppliers of subsea equipment. 4Subsea delivers solutions on a unique digital platform, aiming to be in the forefront of digitising oil, gas and offshore wind operations worldwide.

Petrostreamz

Venture Round in 2014
Petrostreamz AS is a software company specializing in the development of advanced modeling solutions for the oil and gas industry. Originating from technology established at Petroleum Engineering Reservoir Analysts, the company focuses on creating tools that enable the integration and optimization of petroleum assets. Its flagship product, Pipe-It, launched in 2011, offers users the ability to construct complex Integrated Asset Models (IAM) graphically and computationally. Petrostreamz serves a diverse clientele, including universities, smaller consultancy firms, and research organizations across the globe. In addition to its software offerings, the company provides customized modules, consulting services, IAM training, and optimization solutions. Founded in 2005 and headquartered in Trondheim, Norway, Petrostreamz has expanded its presence with offices in the United States, Brazil, Indonesia, Saudi Arabia, and France. As of 2018, it operates as a subsidiary of Tieto Oyj.

Domo

Series C in 2014
Domo, Inc. operates a cloud-based platform that connects various levels of an organization, from executives to front-line employees, with real-time data and insights. Founded in 2010 and headquartered in American Fork, Utah, Domo enables users to manage their business operations through smartphones, facilitating instant access to critical information. The platform includes features such as a Programmatic Revenue Solution, which integrates complex data from ad servers and sell-side platforms into user-friendly dashboards. Domo's services are offered on a subscription basis, generating revenue from both subscriptions and professional services, while also providing users with timely notifications that allow for immediate action on data-driven insights.

Zilift

Venture Round in 2012
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

poLight

Series B in 2011
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Vivacta

Venture Round in 2010
Vivacta Limited is a medical diagnostics company based in Sittingbourne, UK, specializing in point-of-care testing solutions. The company has created an innovative piezofilm technology platform that enhances the development of near-patient diagnostic products, achieving sensitivity and dynamic range comparable to laboratory tests. Vivacta has successfully developed a diagnostic test for thyroid stimulating hormone (TSH) and is currently focused on creating a multiple analyte cardiovascular diagnostic test. This test aims to facilitate rapid diagnosis in emergency and acute care settings, addressing the urgent need for timely detection of potential heart attacks and related medical conditions.

MemfoACT

Venture Round in 2010
MemfoACT AS, founded in 2008 and located in Trondheim, Norway, specializes in the production and supply of carbon membrane solutions for gas separation and biogas upgrading. The company emerged from a joint venture involving NTNU Technology Transfer and several entrepreneurs, including professor May-Britt Hägg and PhDs Jon Arvid Lie and Arne Lindbråthen. MemfoACT's proprietary technology focuses on gas purification, particularly for converting biogas into fuel-quality gas using a novel carbon molecular sieve membrane. This advanced membrane technology offers a significant advantage over traditional polymer membranes, allowing for efficient separation and acceptable recovery in a single-stage process.

Nanoradio

Venture Round in 2010
Nanoradio AB, a fabless semiconductor company, provides wireless solutions for cellular handset and consumer electronics markets. It offers multimedia products, single chip system in package, wireless LAN products, mobile phone products, and chipsets. The company also provides software, including diagnostic tools and software development kits to design embedded applications. Nanoradio’s products are used in voice over IP in wireless phones, headsets, portable audio and stereo devices, handheld computing devices, PDAs, handheld digital video and still cameras, and mobile gaming platforms; and convergence mobile phones and consumer electronics. The company was founded in 2004 and is based in Kista, Sweden with sales offices in Korea, Japan, and the United States. Nanoradio AB operates as a subsidiary of Wireless Experience AB.

ExproSoft

Venture Round in 2010
ExproSoft is a software & consultancy company increasing well uptime for oil & gas operators. They deliver solutions that allow the operators to understand the failures and risk of well equipment, and use this knowledge to reduce intervention cost and increase production throughout the wells’ life cycle.

itslearning

Venture Round in 2010
itslearning is an innovative e-learning platform that originated from a student project at Bergen University College in 1998. Designed to enhance the educational experience for learners and teachers across a wide age range, itslearning provides a comprehensive suite of tools aimed at fostering effective communication and collaboration. The platform includes features such as mass messaging, video conferencing, group assignments, and various assessment tools, all of which support educators in streamlining their workflows and improving student outcomes. Additionally, it offers functionalities for parental engagement and plagiarism detection, making it a versatile resource for modern education. Through its commitment to empowering both teachers and learners, itslearning seeks to address the challenges of traditional educational methods and promote a more connected learning environment.

Asolvi

Venture Round in 2010
Asolvi is the provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry. With nearly 100 years of combined experience developing solutions for a broad array of field service sectors, Asolvi is the supplier of choice for companies seeking greater flexibility, scalability and profitability. Their three powerful products — Evatic, Tesseract and WinServ — are used in 30 countries by 800 customers, managing thousands of engineers, millions of contracts, and tens of millions of service tasks. Their mission is to continue creating, developing and honing new functionality and solutions for the largely under-served SME market, through collaboration and close relations with their customers. By understanding the issues, needs and preferences of SMEs, they’re in a prime position to deliver the robust and intelligent solutions that their increasingly service-oriented economy demands.

Nanoradio

Venture Round in 2009
Nanoradio AB, a fabless semiconductor company, provides wireless solutions for cellular handset and consumer electronics markets. It offers multimedia products, single chip system in package, wireless LAN products, mobile phone products, and chipsets. The company also provides software, including diagnostic tools and software development kits to design embedded applications. Nanoradio’s products are used in voice over IP in wireless phones, headsets, portable audio and stereo devices, handheld computing devices, PDAs, handheld digital video and still cameras, and mobile gaming platforms; and convergence mobile phones and consumer electronics. The company was founded in 2004 and is based in Kista, Sweden with sales offices in Korea, Japan, and the United States. Nanoradio AB operates as a subsidiary of Wireless Experience AB.

poLight

Venture Round in 2009
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Revolt Technology

Series B in 2009
ReVolt Technology is a technology company, which is developing a rechargeable zinc-air battery. ReVolt's batteries may enable more high-power consumer devices, electric vehicles and renewable energy storage. The technology is a result of six years of intense research and development at SINTEF (the largest independent research institute in Scandinavia). Research on material combinations has solved issues historically related to the metal-air technology; power, lifetime and rechargeability.

Signicat

Series A in 2008
Signicat is a digital identity service provider based in Europe, specializing in electronic identity and signature solutions. The company offers cloud-based services that facilitate user identification and electronic signing for both public and private sector clients. Signicat's solutions are designed to meet international standards and regulatory requirements, including privacy, anti-money laundering, and know your customer regulations. By providing advanced security technologies, Signicat helps organizations enhance their operational efficiency and deliver improved user experiences while mitigating risks associated with identity verification. Its clientele includes banks, financial institutions, insurance companies, government agencies, and businesses of all sizes. Founded in 2006 as Kantega Secure Identity, the company has grown to establish a presence in multiple countries, including the UK, Germany, the Netherlands, Portugal, Denmark, Sweden, Finland, and Norway. Signicat is committed to providing reliable services with banking-grade service level agreements to ensure scalability and trust.

OCAS AS

Venture Round in 2007
Offers radar technology that enables intelligent use of aviation lights on obstacles such as wind turbines.

Enhanced Drilling

Venture Round in 2007
Enhanced Drilling is provides drilling solutions. It offers EC-Drill managed pressure drilling system; Riserless Mud Recovery system, a risk-reduction tool; managed pressure cementing system that provides precise control of the pressure and flow of returning cement; cuttings transportation system that is used in the offshore market; CannSeal, a proprietary annular isolation technology for enhanced oil recovery for zonal isolation and well integrity applications, as well as to support to plug and abandonment, and P&A activities.

RoomSketcher

Venture Round in 2007
RoomSketcher Home Designer is an easy-to-use floor plan and home design tool. Draw floor plans, furnish and decorate them and visualize your home in 3D. Founded in January 2007, RoomSketcher is a leading online home and interior visualization online software company. RoomSketcher is located in Oslo, Norway and currently has 9 employees. The company is owned by Viking Venture II, Torrey Pines, Management and employees, and has received 5.1m in funding to date. The CEO was the co-founder of eHelp which was sold to Macromedia (now Adobe) for $65m in 2003.

Iqua

Series B in 2006
Iqua Ltd. develops exclusively designed headsets and handsfree devices for consumers in more than 25 countries around the world. Combining state-of-the-art technology with modern, cutting-edge Finnish design, Iqua enhances personal and professional communication with its innovative wireless mobile accessories.

Navita Systems AS

Venture Round in 2005
Navita is a leading player in Europe in the market for systems for power, gas, and other energy and commodity trading, and has more than 100 system installations in the Nordics, Europe, North America and Asia. NAVITA has headquarters in Halden (Norway), and has grown into a global development with offices in Los Angeles (US), Houston (US), Toronto (Canada), London (UK), Edinburgh (UK), Oslo (Norway) and Frankfurt (Germany).

MaXware

Series A in 2005
MaXware AS, an independent software vendor, provides identity management products and services that support the life cycle of digital identities. Its solutions include access and password management, identity administration, provisioning, and directory services and federation, as well as auditing, reporting, logging, and monitoring of systems. The company's products include Identity Center that optimizes the lifecycle management of users and resources; Data Synchronization Engine, a solution for handling, synchronizing, converting, and joining data to and from data repository; ExpresSync, a one-to-one data synchronization tool that enables enterprises to manage identity integration; Virtual Directory, which provides a single access point to various data sources; Federation Server that integrates virtual directory and federation technology into a solution with a single management interface; and Directory Explorer, a plug-in for Windows Explorer and integrated into Microsoft Outlook for providing access to the configured directory servers. It serves telecom, defense, government, and financial organizations. MaXware AS was founded in 1989 and is based in Trondheim, Norway. As of May 21, 2007, MaXware AS is a subsidiary of SAP AG.

Revolt Technology

Series A in 2005
ReVolt Technology is a technology company, which is developing a rechargeable zinc-air battery. ReVolt's batteries may enable more high-power consumer devices, electric vehicles and renewable energy storage. The technology is a result of six years of intense research and development at SINTEF (the largest independent research institute in Scandinavia). Research on material combinations has solved issues historically related to the metal-air technology; power, lifetime and rechargeability.

Safetel

Venture Round in 2003
Safetel AS specializes in providing secure alarm transmission services, focusing on both intruder and fire alarm systems. The company caters to a variety of clients, including banks, municipalities in Sweden and Norway, and security firms across Scandinavia and Denmark. Utilizing mobile networks as the primary means for secure alarm transmission, Safetel also offers services based on fixed and terrestrial networks. Their solutions are designed to support various types of alarm systems, including those for burglary, fire, technical issues, and elevators. This versatility allows clients from different sectors, such as government, real estate, and security, to implement effective alarm systems tailored to their safety needs.

Plasus Technologies

Venture Round in 2003
Plasus Technologies specializes in mobile to machine communication services, offering solutions that enhance energy control and alarm management for consumers. The company provides remote control systems for businesses and government entities to efficiently manage various machine-to-machine (M2M) devices. Additionally, Plasus Technologies develops platforms that enable users to control and communicate with their home appliances and machinery through mobile devices. Their services extend to order processing, billing, and support solutions tailored for service providers and partners, ensuring seamless integration and management of M2M technologies.

Nacre AS

Venture Round in 2002
Nacre AS is a Intelligent hearing system that combines adaptive hearing protection with audio communication terminal capabilities
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