Viking Venture AS is a venture capital firm specializing in investments in companies that have passed the seed phase and are ready for the commercialization phase including growth capital, early, mid, and late venture companies. It seeks to invest in growth companies in the technology sector with a focus on information and communication technology, water purification, medical technology, energy technology, electronics, oil & gas technology, materials, clean technology, and life sciences. Within information technology the firm focuses on subscription based software companies. Within oil and gas technology it focuses on better subsurface mapping and understanding, cheaper drilling and completions, improved productivity of reservoirs, increased hydrocarbon recovery and improved well integrity and safety. It also invests in environment conservation and wildlife organisations and environment and facilities services. The firm invests in the Nordic countries and the United Kingdom. It typically invests between NOK1 million ($0.13 million) and NOK5 million ($0.64 million) and up to $14.13 million in companies that have commercial revenues between $2 million and $15 million. The firm seeks to take a minority stake in its portfolio companies and seeks to be an active investor. The firm also seeks to make co-investments. It prefers to exit its investments between three years to five years via a trade sale or an initial public offering. Viking Venture AS was founded in 2001 and is based in Trondheim, Norway with an additional office in Houston, Texas.

Viking Venture

Director

Investment Manager

Partner

Senior Investment Manager

Senior Investment Associate

Managing Partner

Investment Associate

TimeLog raised $13096862 on 2020-11-13 in Private Equity Round

TimeLog A/S develops and delivers SaaS solutions for time tracking, resource management, and automated invoicing. The company offers time tracking, project management, invoicing, reporting, customer management, resource management, and automated project invoicing services. It serves consultancies, IT companies, consultant engineers, auditors and bookkeepers, public organizations, global organizations, and PR and marketing agencies. The company was founded in 2001 and is based in Copenhagen, Denmark. It has additional offices in Denmark, Sweden, and Malaysia.

TimeLog

Zilift Limited raised $6446829 on 2012-05-09 in Venture Round

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.

ZiLift Limited

EcoOnline raised an undisclosed amount on 2017-07-10 in Private Equity Round

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

EcoOnline AS

FotoWare raised an undisclosed amount on 2020-06-30 in Private Equity Round

As of April 30, 2020,  operates as a subsidiary of Viking Ventures GmbH.

FotoWare a.s

its learning raised $6950000 on 2010-05-28 in Venture Round

It's learning began life as a computer engineering project at Bergen University College in 1998. A group of students was puzzled by the fact that digital tools and the internet were rarely used in teaching, so for their final-year project, they created a computer program that would help connect teachers and students.

its learning

Encode raised $12160006 on 2021-01-11 in Private Equity Round

You probably know the challenge: producing the entire portfolio of marketing materials at the right cost - without spending too much time and too many resources. What you need is a workflow tool!

Marketing today is about processes and data, and that is the core of Encode. 
We are the market-leading efficiency and automation platform for retailers, agencies, manufacturers and brand owners. We help to streamline their marketing production processes to deliver increased productivity and cost savings for Multi-channel output. At Encode, we have a 360-degree approach to your Time to Market. We work to boost your agility and your commercial benefits by identifying all possible optimizations. 

At Encode, we simplify all levels of the marketing production process. Encode’s software creates smart end-to-end functionality that delivers the ability to speed content planning, creation, approval and management.

Each employee in Encode is specialized within their field, and as a team, we complement each other. That’s why we can offer our customers 360 degrees of professional services.

We are SAAS/cloud-based and have all in one system:
Multi-Channel Marketing Management
Creative Project Management
Product Content Management
Brand Management

Experts within the following industries:
Retailers
Agencies
Private label product manufacturing
Brand owners
Financial Services
Content factories

Encode

ExproSoft raised an undisclosed amount on 2010-05-29 in Venture Round

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.

ExproSoft

House of Control raised an undisclosed amount on 2015-06-21 in Venture Round

A unique solution for total control over all contracts and agreements

House of Control

Navita Systems AS raised $2509103 on 2005-12-23 in Venture Round

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).

Navita Systems AS

EcoOnline raised an undisclosed amount on 2014-12-01 in Private Equity Round

Viking Venture acquires EcoOnline on 2014-12-01 for an undisclosed amount

poLight raised $19000000 on 2015-02-06 in Venture Round

poLight is developing micro optics components. The technology is based on proprietary and patented methods for creating active optical components based on deformable polymers. poLight's main project is to develop the world's smallest and most cost-efficient auto focus lens for micro cameras. The poLight technology is characterized by wafer scale manufacturability, compact size, low cost and high optical quality. poLight is based in Horten, outside Oslo, Norway.

poLight

Attensi raised an undisclosed amount on 2018-07-18 in Venture Round

Attensi AS develops gamified 3D simulations and workforce training software. The product consists of a simulation engine that creates 3D simulations and helps employees to virtually practice with procedures and interact with customers. The suite also includes a performance portal to track employee progress. The company caters to retail, automotive, transport, and healthcare industries. Attensi AS was founded in 2009 and is based in Oslo, Norway.

Attensi AS

Petrostreamz raised an undisclosed amount on 2014-05-08 in Venture Round

Petrostreamz AS is a software company with its origin in the advanced petroleum phase behavior (PVT) and streams technology developed at Petroleum Engineering Reservoir Analysts (PERA AS) since 1988. Their flagship product, Pipe-It, which was formally launched in 2011 has been providing the oil and gas industry unprecedented capability to build complex Integrated Asset Models (IAM). They have implemented solutions for assets ranging from 1 to 3000 + wells.

Petrostreamz AS

Signicat raised $1648034 on 2014-12-10 in Series B

Identity management delivering cloud based services for electronic signature and identification

Signicat

Mercell Holding raised an undisclosed amount on 2018-08-03 in Venture Round

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

Mercell Holding AS

Asolvi raised an undisclosed amount on 2019-09-05 in Private Equity Round

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.

Asolvi

MorphPackers raised an undisclosed amount on 2017-01-01 in Venture Round

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.

MorphPackers

Attensi raised $26000000 on 2021-04-08 in Venture Round

HR-Friend raised $19267098 on 2021-07-09 in Private Equity Round

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

HR-Friend

Asolvi raised an undisclosed amount on 2010-05-11 in Venture Round

Signicat raised $1771953 on 2016-07-16 in Series B

Enhanced Drilling raised an undisclosed amount on 2007-01-01 in Venture Round

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.

Enhanced Drilling

Humly.io raised an undisclosed amount on 2019-02-17 in Venture Round

Humly.io

Viking Venture acquires TimeLog on 2020-11-13 for $13000000

Flowbox raised $8251124 on 2020-02-05 in Series A

Flowbox is a state-of-the-art VFX platform with the most advanced Rotoscoping features on the market. Built from the bottom up around the artist to maximize ease and output and help visual studios achieve enormous efficiency gains at a fraction of the cost.

By utilizing an artist-oriented interface and ergonomic and fast tools - rotoDRAW & rotoSNAP - we're dramatically reducing matte creation times.  Save time and put out the highest quality roto work!

FLOWBOX sp. z o.o.

Xait raised an undisclosed amount on 2016-10-19 in Venture Round

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.

Xait

Ørn Software raised an undisclosed amount on 2017-05-13 in Venture Round

Ørn Software develops digital solutions that give you a full overview of all business-critical processes in your own business. Its solutions ensure efficient operation, better collaboration, and help you save time, environment and money.

Ørn Software

poLight raised $19471817 on 2016-08-15 in Venture Round

Attensi raised an undisclosed amount on 2017-06-22 in Venture Round

Asolvi raised an undisclosed amount on 2018-01-26 in Venture Round

MyProduction raised an undisclosed amount on 2019-05-09 in Venture Round

MyProduction provides control systems for manufacturing companies in the SMB market. The software supports the production process from purchasing to delivery and is a critical business system for its customers. To further strengthen the company, both more acquisitions and investments in new and improved technology are planned.

MyProduction

Safetel raised an undisclosed amount on 2003-06-01 in Venture Round

Safetel AS provides wireless security alarm transmission services. It offers intruder alarm transmission and fire alarm transmission services for banks, Swedish and Norwegian communes, and security companies in Norway, Sweden, Scandinavia, and Denmark. The company uses mobile networks as the primary route for secure alarm transmission, as well as provides alarm transmission services based on fixed and terrestrial based networks.

Safetel

Revolt Technology raised $8453963 on 2005-06-28 in Series A

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.

Revolt Technology

Nanoradio raised $12590000 on 2010-07-02 in Venture Round

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. Nanoradioâ€™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.

Nanoradio

Skooler raised $3000000 on 2016-06-07 in Venture Round

Skooler develops and delivers a learning platform. The company’s portfolio includes pedagogical and smart learning tools inside Office 365 for learners, teachers, and parents. It offers assignment tools to create assignments comprising links, videos, pictures, documents, and texts; store students work in a cloud storage area; and make visible to teachers, students, and parents/guardians. The company’s solution also enables to create timetables, topic plans, and lesson plans linked to the school calendar and curriculum learning objectives; and a portal to communicate with groups and individuals, such as teachers, students, or parents/guardians. Skooler was founded in 2016 and is based in Moss, Norway. Skooler operates as a subsidiary of Avantador AS.

Skooler

RoomSketcher raised an undisclosed amount on 2007-01-01 in Venture Round

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.

RoomSketcher

poLight raised $3430000 on 2009-05-30 in Venture Round

EcoOnline raised an undisclosed amount on 2020-02-26 in Private Equity Round

Revolt Technology raised $13127580 on 2009-01-15 in Series B

Domo raised $125000000 on 2014-02-05 in Series C

Domo, Inc. operates a cloud-based platform in the United States. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was founded in 2010 and is headquartered in American Fork, Utah.

Domo

MemfoACT raised an undisclosed amount on 2010-09-27 in Venture Round

MemfoACT has proprietary technology for upgrading of biogas and separation of other gases. MemfoACT AS was founded in August 2008, as a joint venture between NTNU Technology Transfer (TTO) and the entrepreneurs professor May-Britt HÃ¤gg, PhD Jon Arvid Lie and PhD Arne LindbrÃ¥then. The company core business is gas purification, with focus on biogas upgading to fuel quality using a novel carbon molecular sieve membrane. This membrane is capable of performing the separation to spec with acceptable recovery in a single stage setup. This gives this membrane a significant advantage in this process compared with competing polymer membranes.

MemfoACT AS

poLight raised $18500000 on 2011-07-06 in Series B

Signicat raised $1530000 on 2008-10-16 in Series A

Tamigo raised $10284641 on 2019-12-06 in Venture Round

Tamigo – your global Workforce Management Solution in the Cloud.

Since 2006, Tamigo has been a vital business partner for small to medium-sized companies as well as international enterprises – mainly within retail and hospitality. Together with our customers, we revolutionize Workforce Management through smart processes, new insights and unique alignment on improving future performance. Get ahead by optimizing operations and staff management, increase sales, reduce labor costs, automate workflows and empower your employees through effective communication.

At Tamigo, we make workforce management smarter.
With headquarters in the heart of Copenhagen and franchisees in many parts of Europe, we work to make life easier for tens of thousands of people every day.

Tamigo

Nacre AS raised $949878 on 2002-01-22 in Venture Round

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

Nacre AS

Flowbox AB develops a platform that helps companies leverage User Generated Content (UGC) from social media throughout the buyer journey to increase engagement, social proof, and sales. It offers solutions for visual marketing, publishing and ecommerce. Flowbox AB was founded in 2016 and is based in Stockholm, Sweden with additional offices in Amsterdam, the Netherlands; Zurich, Switzerland; and Antwerp, Belgium.

Flowbox

View Software AS raised an undisclosed amount on 2017-05-13 in Venture Round

Din ERP raised an undisclosed amount on 2016-01-26 in Private Equity Round

Din ERP AS provides cross company collaboration enterprise portals for businesses in Norway and internationally. It offers an enterprise mobility platform for various mobility needs, including IFS and other applications; business to business solutions for IFS applications; and enterprise portals for time registration, travel expense, purchase, document management, and other applications. The company was incorporated in 2015 and is based in Trondheim, Norway.

Din ERP

Nanoradio raised $17340000 on 2009-07-08 in Venture Round

Iqua raised $2660000 on 2006-12-07 in Series B

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.

Iqua

Vivacta raised $6408952 on 2010-11-18 in Venture Round

Vivacta Limited, a Sittingbourne, UK-based medical diagnostics company that develops an innovative platform for point of care testing.

Vivactaâ€™s innovative piezofilm technology platform enables the advancement of new nearâ€patient diagnostic products. The company has successfully developed a test for thyroid stimulating hormone (TSH), and is working on a multiple analyte cardiovascular diagnostic test for use in the emergency room and acute
care settings, where there is a need for rapid diagnosis of possible heart attack and related timeâ€critical medical conditions.

Vivacta

MaXware raised $5000000 on 2005-12-05 in Series A

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.

MaXware

OCAS AS raised $7995917 on 2007-02-09 in Venture Round

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

OCAS AS

Keystone Academic Solutions raised an undisclosed amount on 2018-06-27 in Venture Round

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.

Keystone Academic Solutions

4Subsea raised an undisclosed amount on 2014-07-15 in Private Equity Round

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.

4Subsea

Plasus Technologies raised an undisclosed amount on 2003-06-01 in Venture Round

Plasus Technologies is a developer and service provider of mobile to machine communication services. The company focuses on energy control and alarm handling solutions for consumers; remote control business to business concepts to manage various M2M devices for businesses and government; and handle order, billing, and support solutions for service providers and partners.