Startup Wise Guys, established in 2012 and headquartered in Tallinn, Estonia, is a leading early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. It offers a world-class, up to five-month accelerator program focused on validating, developing, and selling products to business customers, with a particular interest in Sustainability, B2B SaaS, Fintech, Cybersecurity, and XR sectors. The program, supported by over 200 international and local mentors, has accelerated more than 300 startups, with an 80% success and survival rate, and 11 major exits. Post-program, startups join an alumni community of over 300 startups across 40 countries, gaining access to invite-only events for business development and fundraising support.

Superangel is an angel group based in Tallinn, Estonia, founded in 2018 by experienced tech entrepreneurs. The organization focuses on investing in early-stage companies that are developing transformative technologies in the Baltics and Nordics. Superangel primarily targets sectors such as artificial intelligence, robotics, mobility, logistics, fintech, and software-as-a-service. With a strong track record of backing successful startups like Bolt, Pipedrive, Grabcad, and Veriff, Superangel benefits from the insights and support of the founders it has previously invested in. This collaborative approach reinforces its commitment to nurturing the next generation of innovative companies in the region.

The European Investment Bank (EIB), established in 1958, is a long-term lending institution owned by the EU Member States. Headquartered in Luxembourg, it offers a wide range of financing solutions, including project loans, loans to banks and intermediaries, venture capital funds, and equity investments. EIB also provides structured finance products, guarantees, and securitization instruments, along with advisory services for infrastructure projects, urban development, and small to medium-sized enterprises. Its portfolio is predominantly composed of loans (93.08%), with a small portion allocated to debt and fixed income, shares, and other assets. EIB's mission is to support European integration and social cohesion, primarily within the European Union and internationally.

Pontos is a family-owned private equity and real estate investment company based in Helsinki, Finland. Established in 2001, it operates in Finland, the Baltic States, and Portugal. The firm focuses on a diverse range of investments, including commercial real estate, property development projects, and real estate development companies. Additionally, Pontos invests in property technology, listed shares, fixed-income investments, and private equity funds, reflecting a broad investment strategy aimed at various sectors within the real estate and financial markets.

Lemonade Stand is a venture capital firm based in Estonia that specializes in early-stage investments. The firm concentrates on the technology sector, particularly targeting B2B ventures led by founders from the Baltic and East European regions, regardless of their headquarters' location. Lemonade Stand typically invests between €25,000 and €300,000 in promising teams, innovative technologies, or businesses demonstrating traction. The firm aims to support and nurture emerging companies in the technology landscape, fostering growth and development in the region.

BaltCap, established in 1995, is a leading independent private equity firm specializing in small and mid-market buyout and expansion capital investments across the Baltic States. With a team of 16 professionals and offices in all three Baltic countries, BaltCap manages multiple funds totaling over EUR 260 million. Since inception, it has completed over 60 investments, focusing on sectors such as business services, healthcare, industrials, technology, and consumer goods. BaltCap is a signatory of the United Nations Principles for Responsible Investment and a member of key European and Baltic private equity and venture capital associations.

The European Bank for Reconstruction and Development (EBRD) is a multilateral development finance institution established in 1990. Headquartered in London, it operates primarily in Central and Eastern Europe, the Caucasus, Central Asia, and the Southern and Eastern Mediterranean. The EBRD provides a range of financial products and services, including loans, equity investments, and guarantees, to support private sector development and promote sustainable growth. It serves various sectors such as agribusiness, energy, finance, and infrastructure, and also offers policy dialogue and advisory services. The EBRD has invested over €130 billion in more than 5,200 projects since its inception, playing a significant role in fostering change and economic development in its regions of operation.

Change Ventures is a venture capital firm established in 2016 and headquartered in Tallinn, Estonia. The firm specializes in pre-seed stage investments, primarily targeting ambitious technology startups, with a focus on B2B and SaaS businesses in Eastern Europe, particularly in Estonia, Latvia, and Lithuania. Change Ventures aims to support founders by providing investments ranging from €100,000 to €500,000, along with a straightforward and efficient investment process that facilitates quick decision-making. Beyond financial backing, the firm assists entrepreneurs in achieving product-market fit, securing additional funding, and scaling their businesses by leveraging an extensive network of follow-on investors and partners.

Practica Capital, established in 2011, is a Lithuanian private equity firm focused on early-stage investments in technology-enabled companies. It primarily targets seed and selected pre-seed and A-stage investments, backing Baltic founders with high growth potential. With over €52 million in assets under management across three funds, Practica Capital has invested in over 60 companies, including notable successes like TransferGo and PVcase. The firm actively collaborates with local and international investors, accelerators, and public agencies to support its portfolio.

Imprimatur Capital, established in 2003, is a global venture capital firm headquartered in London, with additional offices in Europe, Asia, and the Americas. The company specializes in early-stage investments, focusing on technology-driven businesses with high international growth potential. Its investment areas include the Internet of Things (IoT), energy efficiency, cybersecurity, big data, gaming technology, and digital health. Imprimatur typically invests up to €0.4 million per company, often taking a board seat, and seeks opportunities worldwide, with a particular focus on Asia.

Superhero Capital, established in 2015, is a Helsinki-based venture capital firm focusing on seed-stage investments in technology-driven startups. It primarily invests in business-to-business software and services, with a particular interest in health tech, fintech, and IoT sectors, across Finland and the Baltics. The firm typically invests between €100,000 and €1,000,000, supporting founders and early-stage companies with both capital and expertise.

Open Circle Capital is a venture capital investment firm established in 2017 and based in Vilnius, Lithuania. The firm focuses on investing in technology companies within the fields of information and communications technology, robotics, and high-tech, particularly in Northern Europe. Open Circle Capital seeks to collaborate with teams led by experienced entrepreneurs who have a track record of growth, fundraising, and successful exits. The firm is interested in early-stage companies that have recently generated revenue and demonstrate potential for rapid growth and expansion into international markets. Its investment approach begins with discussions to understand the ambitions of the entrepreneurs, followed by a structured evaluation process that culminates in a legal agreement to support the venture.

Metaplanet Holdings is a venture capital firm founded in 2011 and based in Tallinn, Estonia. The company focuses on early-stage investments across a variety of sectors, including artificial intelligence, biotechnology, cryptocurrency, healthcare, transportation, and technology. Metaplanet Holdings aims to support innovative and evidence-based projects that have the potential to generate significant returns while benefiting humanity. By concentrating on diverse industries, the firm seeks to leverage emerging trends and technologies to foster growth and development in its portfolio companies.

Karma Ventures, established in 2016 and based in Tallinn, Estonia, is an early-stage venture capital firm specializing in late seed and Series A investments in Europe's most promising deep tech startups. The company focuses on backing companies with innovative ideas, unique technologies, customer traction, and global ambitions. Karma Ventures provides support to entrepreneurs in various aspects, including commercial, strategic, and technical growth.

Practica Capital UAB is a venture capital firm specializing in incubation, seed, early venture, growth capital , pre-seed & startup. It seeks to invest in established micro, small and medium size businesses. The firm is open to invest in companies from any industry. The firm seeks to invest in companies based in the Estonia, Latvia, Lithuania, Finland, Sweden, Poland, Germany, Denmark & Baltic region and Baltic-origin ventures in Europe. For seed and startup investments, the firm invests between €0.003 million ($0.00371 million) and €0.2 million ($0.25 million) per project. For later stage investments, the firm invests between €0.05 million ($0.06 million) and €3 million ($3.72 million). The firm prefers to invest in equity via common and preferred stock, and quasi-equity via convertible debt and similar instruments. The firm prefers to have minority stake in companies. It seeks to act as council or take board seat in its portfolio companies. It seeks to exit it’s investments between two and five years. The firm seeks to exit its investments through Trade sale to strategic or financial buyer, management, IPO or refinancing of quasi-equity instruments by banks. Practica Capital UAB was founded in 2011 and is based in Vilnius, Luthuania.

Presto I is an early-stage venture capital fund, managed by Presto Ventures, based in Prague, Czech Republic. Established in 2016, the fund invests in promising technology startups, focusing on business-to-business products and services, with a portfolio comprising 15 companies. It provides not only capital but also invaluable resources and guidance to support these startups in achieving both local and global success.

The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.

NordicNinja VC is a venture capital investment firm founded in 2019 and based in London, United Kingdom. The firm focuses on early-stage companies in the Nordic and Baltic regions, emphasizing sectors such as robotics, automation, health technology, artificial intelligence, and mobility. NordicNinja VC aims to identify and support top-tier teams in Northern Europe that are dedicated to sustainability and digital innovation. The firm seeks to invest in transformative solutions, including self-driving electric vehicles, AI-driven identity verification, and advancements in healthcare technology. By aligning with the growing demand for environmentally and socially responsible technologies, NordicNinja VC aspires to contribute to a future shaped by sustainable and digital advancements.

Iron Wolf Capital is a venture capital firm founded in 2018 and located in Vilnius, Lithuania. It focuses on early-stage investments in sectors such as information technology, fintech, marketplaces, the internet of things, SaaS, artificial intelligence, machine learning, and deep tech. The firm seeks to invest between EUR 0.2 million and 2.0 million and emphasizes environmental, social, and governance (ESG) criteria in its investment decisions. With a team that combines entrepreneurial and financial expertise, Iron Wolf Capital aims to support innovative individuals with global aspirations, leveraging its extensive networks and hands-on experience to address the challenges of building international businesses. The firm has a strong presence in the Baltics and London, reflecting its commitment to fostering growth in the region.

Spring Capital is a venture capital firm founded in 2008 and based in Tallinn, Estonia. The firm specializes in seed investments, primarily targeting technology-driven startups in the Baltics and Scandinavia. Spring Capital typically invests between EUR 0.1 million and EUR 0.3 million in equity per transaction, aiming for minority stakes in the companies it supports. The firm seeks to partner with exceptional founders and is particularly focused on scalable startups that have the potential for significant growth. In addition to seed investments, Spring Capital also engages with growth companies that are close to, or already achieving, positive EBITDA, making larger investments of EUR 300,000 to EUR 700,000 for minority shareholdings. The firm invests personal capital from its management team, emphasizing a hands-on approach to nurturing its portfolio companies.

ZGI Capital, established in 2005, is a Latvian-based private equity and venture capital firm. It specializes in early to late-stage investments, focusing primarily on Fintech, with a secondary focus on industries such as metalworking, food, woodworking, logistics, IT, engineering, and retail. The firm invests in the Baltics and CIS countries, typically committing between €0.5 million to €1 million, and up to €5.7 million with additional financing. ZGI Capital prefers equity investments, usually taking a minority stake of up to 49%, and has an investment term of three to six years. It exits through stake sales to other investors. The firm manages the ZGI Fund, with EUR 7.4M in assets, which can facilitate projects up to EUR 30M with bank financing. ZGI Capital supports entrepreneurs lacking start-up capital and acts on behalf of various investors, including the State.

Tera Ventures, established in 2016, is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in exceptional digital startups from the Baltics, Scandinavia, and Central and Eastern Europe, supporting them from pre-seed and seed stages to successful exits. The firm provides portfolio companies with access to global networks and expertise, facilitating expansion into key markets such as the UK, the US, and Asia. Tera Ventures invests in the range of EUR 200,000 to EUR 1.5 million per company, typically backing 25 to 30 companies per fund. It does not seek controlling stakes, allowing management to maintain adequate motivation through their shareholding.

EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.

J12 Ventures AB, established in 2019, is a Stockholm-based venture capital firm with additional offices in London and Helsinki. It specializes in early-stage investments, typically allocating between €0.1 to €2 million in equity. J12 focuses on the Nordics, including Sweden, Finland, and the Baltics, and is industry-agnostic, with a preference for technology and software companies. The firm backs founders building software infrastructure, AI applications, and those demonstrating exceptional ingenuity and resilience.

Livonia Partners, established in 2013, is a private equity firm headquartered in Riga, Latvia, with offices in Tallinn, Estonia, and Vilnius, Lithuania. The firm specializes in buyout and growth capital investments, focusing on small to mid-sized companies in the Baltic region, particularly Estonia, Lithuania, and Latvia. Livonia Partners invests between €3 million and €15 million per company, targeting enterprises valued between €10 million and €100 million, and employs a co-investment strategy for larger transactions up to €70 million. The firm prefers majority ownership but also considers minority investments, and typically invests in companies with fewer than 500 employees. Livonia Partners' investment focus spans various sectors, including manufacturing, services, consumer, financial, technology, media, and healthcare. The firm is managed by an experienced, multi-disciplinary team with extensive business-building expertise in the Baltic countries and beyond.

70 Ventures is a venture capital firm established in 2018 and located in Vilnius, Lithuania. The firm specializes in supporting promising B2B entrepreneurs by assisting them in building effective, data-driven sales teams that can generate predictable revenue. It focuses on investment opportunities within the B2B, software, and commercial products and services sectors. 70 Ventures provides funding across various stages of development, from pre-seed to Series A, contingent upon achieving specific revenue milestones.

SmartCap is an Estonian investment firm based in Tallinn, established in 2012 as an investment arm of KredEx. It specializes in early-stage venture capital investments, primarily targeting venture capital funds that focus on Estonia. With total assets under management amounting to EUR 40 million, SmartCap seeks to build strategic partnerships with leading venture capital fund managers in the region. The firm aims to validate, accelerate, and finance exceptional companies through its investments in private fund management teams.

CoInvest Capital, founded in 2017 and based in Vilnius, Lithuania, is the corporate venture capital arm of INVEGA. The firm focuses on investing in start-ups and companies that are in the stages of business development and growth, particularly within the consumer durables, mobile, and manufacturing sectors. By collaborating with groups of business angels, CoInvest Capital aims to foster innovation and support emerging businesses in their expansion efforts.

FlyCap is a venture capital firm based in Riga, Latvia, founded in 2013. It specializes in providing growth capital to small and medium-sized enterprises (SMEs) through equity and mezzanine investments. The firm focuses on sectors such as manufacturing, healthcare, information technology, and B2B services, with a preference for environmentally friendly companies and projects that reduce CO2 emissions. FlyCap avoids investments in industries considered immoral, such as alcohol, tobacco, and weapons, as well as sectors like fisheries and financial intermediation. It typically invests in companies with a minimum sales value of 1 million euros and limits its investment to a maximum of 1.5 million euros per entity. For startups, initial investments range from 50,000 to 200,000 euros, with the potential for follow-on funding. The firm prioritizes taking advisory roles and aims to exit its investments within four to six years through various means, including sales to management or strategic investors.

2C Ventures is a cleantech venture capital firm based in Tallinn, Estonia, established in 2023. The firm is dedicated to nurturing and promoting the growth of innovative technologies aimed at advancing sustainability. It collaborates with visionary entrepreneurs, startups, and research pioneers who are committed to developing solutions for a greener future. 2C Ventures primarily focuses its investments on cleantech companies within the Northern Europe region, supporting initiatives that align with its mission to foster environmental responsibility and technological advancement.

The Untitled Ventures is a venture capital firm established in 2010, headquartered in London, UK, with additional offices in Riga, Latvia, and Moscow, Russia. The firm specializes in investing in seed, early, and growth-stage companies, with a focus on innovative technology projects structured under Russian, English, and American law. It primarily invests in companies operating in Eastern Europe, Russia, Belarus, and Ukraine, but also considers opportunities from Western Europe. The Untitled Ventures seeks to back companies entering new markets with proven products, typically investing $0.15 million to $2 million in return for minority stakes ranging from 15% to 30%. The firm offers various investment programs, including The Untitled Seed, The Untitled Club, The Untitled Money, and U Growth, catering to different stages of a company's development.

Lift99 is a platform dedicated to connecting startup founders across borders, enabling them to share insights and expertise on critical topics such as fundraising, market entry, and hiring. Established in 2016 and based in Tallinn, Estonia, Lift99 facilitates collaboration through an invite-only online platform that allows founders to exchange knowledge and support each other throughout their entrepreneurial journey. In addition to the online community, Lift99 operates physical co-working centers in emerging markets in Central and Eastern Europe and organizes events focused on founder development. The platform aims to enhance the startup ecosystem by fostering skill-sharing among founders, ultimately striving to create more successful companies in the region.

byFounders, established in 2017, is a Copenhagen-based venture capital firm focused on investing in early-stage tech startups across the Nordics and Baltics. The firm, composed of successful regional entrepreneurs, supports and invests in ambitious founders building businesses in sectors such as B2B SaaS, consumer tech, cybersecurity, fintech, and health, among others.

NGL, established in 2023 in Vilnius, Lithuania, is an angel investment group focusing on early-stage startups. It offers extensive business angel education, facilitates syndicate investments, and provides advisory board members to support its portfolio companies.

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

Inventure, established in 2005, is a Helsinki-based venture capital firm focusing on early-stage investments in technology, software, and digital services. With over €230 million in assets under management, Inventure specializes in Seed and Series A funding, typically investing between €100,000 and €10 million per company over its lifecycle. The firm supports its portfolio companies with talent acquisition and expansion strategies, with a track record of over 70 investments across the Nordics and Baltics, including notable brands like Wolt, Detectify, and Blueprint Genetics. Inventure has two active funds, Inventure Fund I (2008 vintage) and Inventure Fund II (2014 vintage), both targeting software companies in the region.

FJ Labs, established in 2015 and headquartered in New York, is a stage-agnostic investment firm focusing on marketplaces and consumer-facing startups. It invests in seed and series A rounds, with a typical investment range of $50,000 to $5,000,000. The firm's portfolio includes notable companies such as Alibaba Group, Beepi, BrightRoll, Betterment, Adore Me, and Earnest, spanning sectors like e-commerce, fintech, and ad tech.

Swedbank AB is a prominent Nordic-Baltic banking group that provides a wide range of services, including retail banking and asset management. Established through the merger of savings and union banks in Sweden during the early 1990s, Swedbank has deep roots in the Swedish savings bank tradition. The bank primarily generates its income from its operations in Sweden, where it remains one of the oldest financial institutions. Additionally, Swedbank holds a significant market presence in the Baltic states of Estonia, Latvia, and Lithuania, boasting a market share in retail banking that ranges from 20% to 55%. The bank collaborates closely with independent savings banks in Sweden, utilizing shared IT systems and development costs to enhance its product distribution channels.

Revo Capital, established in 2013, is a leading venture capital firm headquartered in Amstelveen, Netherlands, with offices in Istanbul, Tallinn, and Amsterdam. It specializes in investing in early to growth-stage B2B and B2C technology startups across Turkey, Eastern Europe, and the Baltics. Revo Capital focuses on sectors such as cloud, fintech, marketplaces, marketing technologies, big data, AI, and health IT. With $188M in assets under management, the firm has made 27 investments to date, including notable companies like Getir, PayCore, Massive Bio, and V-Count. Its investors include prominent institutions such as IFC, EBRD, EIF, and DEG.

Vendep Capital, established in 2013 and based in Espoo, Finland, is a venture capital firm specializing in early-stage investments. It focuses on pre-series A funding for technology companies, with a particular emphasis on B2B SaaS and B2B marketplaces in the Nordics and Baltics. The firm typically invests between 0.1 to 3 million euros per company, providing not only capital but also leveraging its extensive SaaS expertise and global networks to support and accelerate the growth of promising startups.

ZAKA VC is a family office based in Prague, Czech Republic, that specializes in investing in pre-seed and seed-stage startups. Founded in 2019, the firm concentrates on early-stage, software-driven investments across Europe, with a particular emphasis on the UK, DACH, Baltics, and Central and Eastern Europe. ZAKA VC targets a diverse range of sectors, including B2C, retail, utilities, financial services, ad tech, e-commerce, marketing technology, real estate, and technology. The firm also has scouts operating in Berlin, the UK, the Baltic region, the Balkans, and Turkey, enabling it to identify promising investment opportunities across these areas.

Thorgate, established in 2011, is a product development studio offering design and software development services. Based in Tallinn, London, and Oslo, the company specializes in creating complex web and mobile applications. Their services include product design, Python development, and mobile development using React Native. Thorgate also provides product consulting, helping clients with business strategy and product design. Additionally, Thorgate Ventures, founded in 2014, is the seed-stage venture capital arm of Thorgate. It invests in up to four B2B technology companies annually, seeking teams with a strong balance of team culture, passion, rationality, and execution power.

Baltic Tech Ventures is a venture capital investment company that specializes in seed and early-stage investments in the Baltic region. It distinguishes itself as the only publicly traded venture capital fund with an integrated angel group, allowing investors to engage in the Baltic startup ecosystem. Investors can participate by purchasing shares to gain exposure to the entire portfolio or by making direct investments into specific startups within the portfolio. This model enables angel investors to support promising companies on the same terms as leading investors in the region, with favorable conditions such as low minimum investments and no management or success fees. All startups in the Baltic Tech Ventures portfolio undergo thorough vetting, ensuring a focus on high-potential opportunities. The company operates under regulatory oversight, ensuring transparency and accountability in its financial practices.

LHV Group, established in 1999 and headquartered in Tallinn, Estonia, is a domestic financial group offering a range of services to both private and business clients. It provides banking, financial advisory, and securities brokerage services, catering to private individuals, small and medium-sized companies, and institutional investors. LHV's services include deposits, loans, financing, and investment services, as well as banking cards, mobile banking, and ATM services. Notably, through its subsidiary LHV UK, it offers innovative banking services tailored to fintech companies, such as instant payments, agency banking, virtual IBANs, and multicurrency accounts. LHV's mission is to contribute to the creation of Estonian capital, the development of the Estonian economy, and social sustainability.

Project A Ventures, established in 2012 and headquartered in Berlin, Germany, is an early-stage venture capital firm that invests in and supports technology companies. With over $1 billion in assets under management, the firm provides not only financial backing but also operational support, offering a team of over 100 experts in areas like software engineering, business intelligence, marketing, and recruiting. Project A focuses on sectors such as ad tech, e-commerce, fintech, digital health, and mobility, with notable portfolio companies including Trade Republic, sennder, and KRY. The firm's investment range typically spans from EUR 300,000 to EUR 5 million per round, with the potential for follow-on investments up to EUR 10 million.

Atomico, established in 2006, is an international investment firm headquartered in London, with additional offices in Paris, Berlin, and Stockholm. It specializes in backing disruptive technology companies across various stages, from seed to growth, with a particular focus on Europe. Atomico's team, comprising founders, investors, and operational leaders with experience at global tech giants like Skype, Google, and Twitter, partners with entrepreneurs to accelerate their companies' global growth. The firm invests across sectors such as information technology, B2B products and services, and consumer goods and services.

Gorilla Capital Management Oy is an investment firm focused on early-stage technology companies in the Nordic region, specifically targeting businesses in Finland, Sweden, Denmark, and Estonia. The firm seeks to identify and support innovative startups with the potential for significant growth in the technology sector. By providing capital and strategic guidance, Gorilla Capital aims to foster the development of promising enterprises that can contribute to the dynamic landscape of the Nordic technology market.

Black Pearls VC, established in 2008 and headquartered in Gdańsk, Poland, is an early-stage venture capital firm investing in leading tech startups across Europe, with a particular focus on the Baltic Sea Region. The firm is sector-agnostic, with a preference for B2B companies operating in areas such as digital health, enterprise software, fintech, future of work, and deep tech. Black Pearls VC typically invests between $0.12 million and $0.75 million, often being one of the first investors in a company, and supports founders in scaling their businesses and achieving global reach. The firm is the first Polish VC fund to be part of the global Kauffman Fellows network.

Conor Venture Partners, established in 2005 and headquartered in Espoo, Finland, is a venture capital firm specializing in early-stage investments. The company focuses on technology startups originating from Nordic and Baltic countries, with a particular interest in information and communications technology, embedded software, semiconductor technology, electronics, new materials, and optics. Since its inception, Conor has managed two funds, enabling it to make 42 investments and successfully exit from nine.

Telia Norge, a subsidiary of Telia Company AB, is a leading telecommunications provider in Norway, offering a wide range of services including mobile, broadband, and fixed telecommunication services. With a customer base of millions, the company plays a pivotal role in the country's digital ecosystem, enabling individuals and businesses to stay connected 24/7. Telia Norge's services encompass internet connectivity, multimedia messaging, prepaid cards, mobile insurance, and related networking services, all aimed at delivering high-quality telecommunications experiences. The company, which operates as the incumbent telecommunications operator in Norway, is committed to improving its services for customers, employees, and society, while also contributing to the region's digital development.