Martin Senning Eriksen

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

Jostein Vik

Partner

Chris Wardenær

Investment Analyst

Past deals in Nordic Europe

Checkproof

Venture Round in 2024
Checkproof is a mobile operations management platform that digitizes workflows for preventive maintenance, quality assurance, and health and safety. The app provides tailored checklists, enables users to perform rounds, report deviations and incidents, and facilitates communication between managers and field staff. It supports real-time deviation handling and push notifications, helping organizations reduce maintenance downtime, improve operational quality, and foster safer workplaces. The solution targets sectors including fleet, marine, building and construction, amusement parks, manufacturing, service businesses, and ski resorts.

FotoWare

Private Equity Round in 2020
FotoWare is a Norwegian software company specializing in Digital Asset Management (DAM) solutions, established in 1997 by Ole Christian Frenning and Anders Bergman. With over 30 years of experience, FotoWare has become a leading provider in the industry, serving more than 250,000 users and 4,000 customers across various sectors worldwide. The company offers a cloud-based software platform that empowers organizations to manage their digital assets effectively, providing control over subscriptions, user access, and image rights. Its solutions support industry-standard metadata formats, enabling clients to automate repetitive tasks and optimize their workflows related to digital content. Committed to fostering diversity and equality within the tech industry, FotoWare's team reflects a range of backgrounds and experiences, with a notable representation of women and younger professionals.

EcoOnline

Private Equity Round in 2020
EcoOnline AS is a leading provider of software solutions for chemical documentation and environmental, health, and safety (EHS) management in the Nordic countries. The company's integrated platform enhances workplace safety and compliance by offering real-time monitoring and reporting capabilities. EcoOnline's software helps industries streamline safety protocols and manage risks effectively, fostering a safer work environment while ensuring adherence to regulatory standards. With a focus on improving safety and compliance, EcoOnline plays a significant role in supporting organizations across various sectors in managing their EHS responsibilities.

Mercell

Venture Round in 2018
Mercell is a digital platform facilitating public eTendering and eProcurement. It simplifies the procurement process by connecting buyers and suppliers in a secure, transparent marketplace. Mercell operates in 13 European countries, aiming to become the leading SaaS platform for these services in Europe.

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.

EcoOnline

Private Equity Round in 2017
EcoOnline AS is a leading provider of software solutions for chemical documentation and environmental, health, and safety (EHS) management in the Nordic countries. The company's integrated platform enhances workplace safety and compliance by offering real-time monitoring and reporting capabilities. EcoOnline's software helps industries streamline safety protocols and manage risks effectively, fostering a safer work environment while ensuring adherence to regulatory standards. With a focus on improving safety and compliance, EcoOnline plays a significant role in supporting organizations across various sectors in managing their EHS responsibilities.

poLight

Venture Round in 2016
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Signicat

Series B in 2016
Founded in 2006, Signicat is a leading European provider of digital identity services. It offers advanced solutions for electronic identity and signatures, enabling businesses to operate more effectively while reducing risk through robust security technology. Serving banks, financial institutions, government agencies, and corporations, Signicat delivers trust-based services that meet international standards and regulations.

Din ERP

Private Equity Round in 2016
Din ERP AS is a software company based in Trondheim, Norway, specializing in cross-company collaboration enterprise portals for businesses both domestically and internationally. Established in 2015, it provides an enterprise mobility platform that addresses a variety of mobility needs, including integrations with IFS and other applications. The company also offers business-to-business solutions tailored for IFS applications, as well as enterprise portals that facilitate time registration, travel expense management, purchasing, document management, and other business processes.

poLight

Venture Round in 2015
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Signicat

Series B in 2014
Founded in 2006, Signicat is a leading European provider of digital identity services. It offers advanced solutions for electronic identity and signatures, enabling businesses to operate more effectively while reducing risk through robust security technology. Serving banks, financial institutions, government agencies, and corporations, Signicat delivers trust-based services that meet international standards and regulations.

EcoOnline

Private Equity Round in 2014
EcoOnline AS is a leading provider of software solutions for chemical documentation and environmental, health, and safety (EHS) management in the Nordic countries. The company's integrated platform enhances workplace safety and compliance by offering real-time monitoring and reporting capabilities. EcoOnline's software helps industries streamline safety protocols and manage risks effectively, fostering a safer work environment while ensuring adherence to regulatory standards. With a focus on improving safety and compliance, EcoOnline plays a significant role in supporting organizations across various sectors in managing their EHS responsibilities.

4Subsea

Private Equity Round in 2014
4Subsea AS is a technology and service provider focused on supporting operators in the oil and gas industry as well as offshore wind sectors globally. Established in 2007 and headquartered in Asker, Norway, with additional offices in Bergen, Stavanger, Kristiansand, Aberdeen, and Brazil, the company specializes in various solutions including risers and flowlines, well intervention and drilling, and digital technology. Their offerings encompass annulus monitoring, pipeline engineering, subsea control systems, and integrity management, among others. 4Subsea also emphasizes digital solutions through platforms like Datareservoir.io and Welltrack, enhancing the integrity and operational efficiency of subsea assets. The company serves major oil and gas operators and large subsea equipment suppliers, positioning itself as a leader in the digitization of oil, gas, and offshore wind operations.

Petrostreamz

Venture Round in 2014
Petrostreamz AS, founded in 2005 and headquartered in Trondheim, Norway, is a software company specializing in solutions for modeling complex systems within the oil and gas industry. Its flagship product, Pipe-It, launched in 2011, enables users to create integrated asset models (IAM) graphically and computationally, optimizing petroleum assets. The company offers customized modules, consulting services, IAM training, and optimizer solutions. Petrostreamz serves clients globally, including universities, consultancy companies, and research organizations. With additional offices in the United States, Brazil, Indonesia, Saudi Arabia, France, and Oslo, Norway, the company has implemented solutions for assets ranging from a single well to over 3000 wells.

Ziebel AS

Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.

poLight

Series B in 2011
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Nanoradio

Venture Round in 2010
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

ExproSoft

Venture Round in 2010
ExproSoft AS is a software and consultancy firm specializing in well performance analytics for the upstream oil and gas sector. Founded in 2000 and headquartered in Trondheim, Norway, with additional offices in Stavanger and Houston, the company offers a range of products designed to enhance well integrity and operational safety. Its offerings include a well integrity management system, software for analyzing well completion equipment reliability, and a cloud-based production performance simulation tool. ExproSoft also provides databases focused on subsea production systems and blowout preventers, alongside risk and reliability studies, technology qualification, and customized software development services. By equipping oil and gas operators with insights into equipment failures and risks, ExproSoft aims to improve well uptime, reduce intervention costs, and increase production throughout the wells' life cycles.

Nanoradio

Venture Round in 2009
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

poLight

Venture Round in 2009
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Signicat

Series A in 2008
Founded in 2006, Signicat is a leading European provider of digital identity services. It offers advanced solutions for electronic identity and signatures, enabling businesses to operate more effectively while reducing risk through robust security technology. Serving banks, financial institutions, government agencies, and corporations, Signicat delivers trust-based services that meet international standards and regulations.

RoomSketcher

Venture Round in 2007
RoomSketcher, established in Oslo, Norway in 2007, is a technology company specializing in user-friendly floor plan and home design software. With 16 employees, they offer tools for creating, furnishing, decorating, and visualizing homes in both 2D and 3D. Privately held and backed by investors such as Argentum and Torrey Pines AS, RoomSketcher is led by a CEO who previously co-founded eHelp, which was acquired by Macromedia (now Adobe) for $65 million in 2003.

Iqua

Series B in 2006
Iqua Ltd. specializes in the development of wireless accessories for the mobile communications market, focusing on handsfree headsets and other mobile accessories designed for personal, active, or professional use. Operating in over 25 countries, Iqua combines advanced technology with contemporary Finnish design to enhance communication experiences. The company is committed to innovation, offering state-of-the-art devices that improve both personal and professional interactions through its range of handsfree products.

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 is an independent software vendor specializing in identity management products and services that facilitate the management of digital identities throughout their lifecycle. Founded in 1989 and based in Trondheim, Norway, the company offers a range of solutions, including access and password management, identity administration, and provisioning. Key products include Identity Center, which optimizes user and resource lifecycle management; Data Synchronization Engine for data handling and synchronization; and Virtual Directory, providing a unified access point to diverse data sources. Additionally, MaXware offers tools like Federation Server, which combines virtual directory and federation technology, and Directory Explorer, a plug-in for Microsoft Outlook that enables access to configured directory servers. The company serves various industries, including telecom, defense, government, and finance. As of May 2007, MaXware AS operates as a subsidiary of SAP AG.

Safetel

Venture Round in 2003
Safetel AS specializes in wireless security alarm transmission services, catering to a diverse clientele that includes banks, government entities, real estate companies, and security firms across Norway, Sweden, Scandinavia, and Denmark. The company offers comprehensive alarm transmission solutions for various types of alarm systems, including intruder, fire, technical, and elevator alarms. Utilizing mobile networks as the primary means of secure alarm transmission, Safetel also provides services based on fixed and terrestrial networks. This enables clients to implement high-security measures while also accommodating locations that may require lower levels of security.
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