Kart

Other sectors


Oil & gas


Shoreline AS

  • Main office: Stavanger
  • First investment: October 2017
  • Investinor contact person: Jan Morten Ertsaas

Shoreline provides web based, user-friendly, verified and proven simulation software for offshore wind project life cycle – from early project assessment until decommission, and thus reduce risk and subsequent cost of energy significantly.

Investinor's shareTotal investmentsRevenue 2016
8.5 %
  • Other 91.5
  • Investinor's share 8.5
2.8
MNOK
4.9
MNOK

Xsens

  • Main office: Bergen, Norway
  • Investinor contact person: Jan Morten Ertsaas

Offers patented technology for measuring flow rates in oil and gas pipelines.

Investinor's shareTotal investmentsRevenue 2016
8.4 %
  • Other 91.6
  • Investinor's share 8.4
4.9
MNOK
2.5
MNOK

Scale Protection

  • Main office: Harstad, Norway
  • First investment: December 2016
  • Investinor contact person: Jan Morten Ertsaas

Offers patented technology and services that analyze and prevents deposits (scaling) in oil and gas wells.

Investinor's shareTotal investmentsRevenue 2016
17.2 %
  • Other 82.8
  • Investinor's share 17.2
5.9
MNOK
1.2
MNOK

Ace Oil Tools

  • Main office: Stavanger
  • Investinor board member(s): Jan Morten Ertsaas

Offers innovative stop-collars for the oil and gas industry. Ace Oil Tools’ solutions are more cost-efficient and reliable than existing technology.

Investinor's shareTotal investmentsRevenue 2016
28.5 %
  • Other 71.5
  • Investinor's share 28.5
24
MNOK
7.7
MNOK

PartnerPlast

  • Main office: Åndalsnes
  • Investinor board member(s): Roar Husby

Leading supplyer of advanced equipment to the international seismic industry.

Investinor's shareTotal investmentsRevenue 2016
49 %
  • Other 51
  • Investinor's share 49
46.2
MNOK
63
MNOK

Stimline

  • Main office: Kristiansand
  • Investinor board member(s): Otto Frøseth

A global supplier of wireline and coiled tubing equipment for onshore and offshore operations. Provides the next generation of innovative, cost-efficient and fully automated well intervention equipment.

Investinor's shareTotal investmentsRevenue 2016
20.5 %
  • Other 79.5
  • Investinor's share 20.5
46.9
MNOK
36.5
MNOK

Zi-lift

  • Main office: Tananger
  • Investinor board member(s): Jan Morten Ertsaas

Offers a game-changing new generation of artificial lifts for the oil and gas industry. ZiLift’s innovative solutions enable downhole pumping systems to be deployed where they currently cannot

Investinor's shareTotal investmentsRevenue 2016
13.7 %
  • Other 86.3
  • Investinor's share 13.7
43.5
MNOK
2.5
MNOK

Ziebel AS

  • Main office: Tananger
  • Investinor board member(s): Jan Morten Ertsaas

Ziebel brings fiber optic technology to any well through carbon rod conveyance

Investinor's shareTotal investmentsRevenue 2016
47.6 %
  • Other 52.4
  • Investinor's share 47.6
150.5
MNOK
26.3
MNOK

ExproSoft

  • Main office: Trondheim
  • Investinor board member(s): Jan Morten Ertsaas

World-class, independent provider of risk and reliability studies, technology qualification services and related software/database products for the upstream sector of the oil and gas  industry.

Investinor's shareTotal investmentsRevenue 2016
34 %
  • Other 66
  • Investinor's share 34
37.6
MNOK
17.6
MNOK

ICT


Intelecy AS

  • Main office: Oslo
  • First investment: December 2017
  • Observer of the board: Pål Breiland

Intelecy is a Norwegian software company that develops tools that help industrial production companies analyze big data from industrial IoT using machine learning. The application areas for the company’s products are predictive maintenance and process optimization

Investinor's shareTotal investments
6.0 %
  • Other 94
  • Investinor's share 6.0
1
MNOK

Friend Software Corporation

  • Main office: Stavanger
  • First investment: May 2017

Offers software that enables integration of applications and data in between all operating systems.

 

Total investmentsRevenue 2016
1
MNOK
0.3
MNOK

Tellu

  • Main office: Asker
  • First investment: April 2017
  • Investinor contact person: Jon Øyvind Eriksen

Offers IoT software solutions trough its TelluCloud platform.

Investinor's shareTotal investmentsRevenue 2016
19.4 %
  • Other 80.6
  • Investinor's share 19.4
4.8
MNOK
8.9
MNOK

Skioo

  • Main office: Oslo
  • First investment: June 2016
  • Total investment before exit: 19.9

Skioos vision is to digitize the skiing market. The company offers an innovative ski pass app that lets skiers access a maximum of ski resorts with the same ski pass. No need to stand in line or book in advance, the skiers are automatically charged based on their use. The pay-per-use system connects skiers with ski resorts, as Skioo also collects valuable market data and enables significant cost savings for the skiing industry.

Investinor's shareTotal investmentsRevenue 2016
21.2 %
  • Other 78.8
  • Investinor's share 21.2
22.7
MNOK
1
MNOK

AblePay Technologies

  • Main office: Trondheim, Norway
  • First investment: December 2016
  • Investinor contact person: Jon Øyvind Eriksen

Fintech company that enables mobile payment solutions for all payment terminals. AblePay Technologies offers BlueSIM-cards that adds Bluetooth to any payment terminal and upgrades it for mobile payment in less than 5 minutes.

Investinor's shareTotal investmentsRevenue 2016
12.7 %
  • Other 87.3
  • Investinor's share 12.7
2.0
MNOK
4.1
MNOK

Unacast

  • Main office: Oslo/New York
  • Investinor board member(s): Jon Øyvind Eriksen

Adtech company that offers the world’s largest network of beacon and proximity data, connecting the physical world to the digital for online retargeting and attribution.

Investinor's shareTotal investments
15.4 %
  • Other 84.6
  • Investinor's share 15.4
18.2
MNOK

Northern.tech

  • Main office: Oslo
  • Investinor contact person: Jon Øyvind Eriksen

Mender is an open source tool for updating your embedded devices safely and reliably.

Investinor's shareTotal investmentsRevenue 2016
30.7 %
  • Other 69.3
  • Investinor's share 30.7
3.3
MNOK
28.9
MNOK

Novelda

  • Main office: Oslo
  • Investinor board member(s): Jon Øyvind Eriksen

Offers adaptive smart sensors, including XeThru sensor technology, which delivers fast, accurate sensing of vital signs and occupancy for the rapidly growing IOT market

Investinor's shareTotal investmentsRevenue 2016
26.0 %
  • Other 74
  • Investinor's share 26.0
79.8
MNOK
18.4
MNOK

Cyviz

  • Main office: Stavanger
  • Investinor board member(s): Roar Husby, Bent Grøver

Offers exceptionally intuitive communication, collaboration and visual-display systems for meeting rooms, collaboration rooms and control-centre environments.

Investinor's shareTotal investmentsRevenue 2016
41.3 %
  • Other 58.7
  • Investinor's share 41.3
56.9
MNOK
205
MNOK

Boostcom Group

  • Main office: Trondheim
  • Investinor board member(s): Jon Øyvind Eriksen

Leading supplier of point to point solutions for data driven mobile customer dialogue.

Investinor's shareTotal investmentsRevenue 2016
37.1 %
  • Other 62.9
  • Investinor's share 37.1
38.4
MNOK
60.8
MNOK

poLight

  • Main office: Horten
  • Investinor board member(s): Ann-Tove Kongsnes

Offer the fastest and lowest power-consuming autofocus actuated lenses enabling new camera phone functionalities such as taking All-In-Focus pictures.

Investinor's shareTotal investments
23.4 %
  • Other 76.6
  • Investinor's share 23.4
112.5
MNOK

Numascale

  • Main office: Oslo
  • Investinor board member(s): Ann-Tove Kongsnes

Offers unique software and hardware technology for big data analytics.

Investinor's shareTotal investmentsRevenue 2016
34.2 %
  • Other 65.8
  • Investinor's share 34.2
95.6
MNOK
8.5
MNOK

Viva Labs

  • Main office: Oslo
  • Investinor contact person: Jon Øyvind Eriksen

Offers a SaaS cloud platform that enables companies to quickly and easily launch premium smart home solutions under their own brand.

Investinor's shareTotal investmentsRevenue 2016
6.2 %
  • Other 93.8
  • Investinor's share 6.2
1
MNOK
1.7
MNOK

Bylineme

  • Main office: Oslo
  • Investinor contact person: Jon Øyvind Eriksen

Offers a global marketplace for articles, videos and pictures. Bylineme keeps track of secure payments and copyrights.

Investinor's shareTotal investmentsRevenue 2016
7.4 %
  • Other 92.6
  • Investinor's share 7.4
1
MNOK
1.0
MNOK

Swarm64

  • Main office: Berlin
  • Investinor contact person: Jon Øyvind Eriksen

Offers hardware and software solutions that scale databases in size and speed beyond their current limitations.

Investinor's shareTotal investments
14.4 %
  • Other 85.6
  • Investinor's share 14.4
17.6
MNOK

Fronteer Solutions

  • Main office: Oslo
  • Investinor contact person: Jon Øyvind Eriksen

Offers easier, faster and more cost-efficient financial modeling based on scaleable technology.

Investinor's shareTotal investmentsRevenue 2016
11.9 %
  • Other 88.1
  • Investinor's share 11.9
6.7
MNOK
1.1
MNOK

Cleantech


Sorbwater Techology

  • Main office: Bergen
  • First investment: June 2017
  • Investinor board member(s): Jan Morten Ertsaas

Sorbwater Technology has developed a suite of completely bio degradable production chemicals for use in high performance water treatment applications in the oil and gas industry.

Investinor's shareTotal investmentsRevenue 2016
10.7 %
  • Other 89.3
  • Investinor's share 10.7
12.3
MNOK
6.9
MNOK

AiA Science AS

  • Main office: Trondheim
  • First investment: April 2017
  • Investinor contact person: Jon Øyvind Eriksen

AIA Science offers data analytics and artificial intelligence solutions for e.g. smart cities, measuring carbon footprint and analyzing the value of assets.

Investinor's shareTotal investmentsRevenue 2016
9.8 %
  • Other 90.2
  • Investinor's share 9.8
2.3
MNOK
1.0
MNOK

Kebony

  • Main office: Oslo
  • Investinor board member(s): Stig Andersen

High tech wood processing company that offers environmentally sustainable alternatives to tropical hardwood, with superior quality, durability and cost efficiency

Investinor's shareTotal investmentsRevenue 2016
18.9 %
  • Other 81.1
  • Investinor's share 18.9
127.8
MNOK
194
MNOK

Havgul Clean Energy

  • Main office: Oslo
  • Investinor board member(s): Ronny Vikdal
  • Deputy board member(s): Pål Breiland

Wind power project development.

Investinor's shareTotal investmentsRevenue 2016
26 %
  • Other 74
  • Investinor's share 26
42.3
MNOK
3.2
MNOK

Keep-it Technologies

  • Main office: Ås i Akershus
  • Investinor board member(s): Ronny Vikdal

Offers flexible freshness and quality indicators for the food, pharmaceutical and chemical industries.

Investinor's shareTotal investmentsRevenue 2016
23.5 %
  • Other 76.5
  • Investinor's share 23.5
33.8
MNOK
3.2
MNOK

Aquaculture


Planktonic

  • Main office: Trondheim
  • Investinor board member(s): Ronny Vikdal, Pål Breiland

Offers cutting-edge start feed for farmed fish fry, thereby eliminating a bottleneck for growth in the global aquaculture industry: the initial feeding of fry.

Investinor's shareTotal investmentsRevenue 2016
40.7 %
  • Other 59.3
  • Investinor's share 40.7
17.5
MNOK
6.9
MNOK

Cryogenetics

  • Main office: Hamar
  • Investinor board member(s): Ronny Vikdal
  • Deputy board member(s): Pål Breiland

Tilbyr teknologi som effektiviser avlsarbeid i den globale sjømatindustrien.

Investinor's shareTotal investmentsRevenue 2016
37.3 %
  • Other 62.7
  • Investinor's share 37.3
31.7
MNOK
21.6
MNOK

Smartfish AS

  • Main office: Oslo
  • Investinor board member(s): Ronny Vikdal

Tilbyr Omega 3 i friske, juicebaserte ernæringsdrikker, primært i markedet for klinisk (medisinsk) ernæring.

Investinor's shareTotal investmentsRevenue 2016
39.5 %
  • Other 60.5
  • Investinor's share 39.5
82.1
MNOK
27.6
MNOK

Nordic Halibut

  • Main office: Bergen
  • Investinor board member(s): Ronny Vikdal, Roar Husby

Halibut farming company with the entire value chain in house: broodstock, eggs, fry and premium quality fish to the market.

Investinor's shareTotal investmentsRevenue 2016
39.6 %
  • Other 60.4
  • Investinor's share 39.6
82.5
MNOK
86
MNOK

Vitux group

  • Main office: Oslo
  • Investinor board member(s): Ann-Tove Kongsnes

Marine biotech company that offers dietary supplements (Omega 3) and pharma products.

Investinor's shareTotal investmentsRevenue 2016
33.8 %
  • Other 66.2
  • Investinor's share 33.8
92.5
MNOK
311
MNOK

Life Science & Medtech


APIM Therapeutics AS

  • Main office: Trondheim
  • First investment: November 2017
  • Observer of the board: Birgitte Villmo

Developing a platform technology which will potentiate the treatment in cancer patients with resistance to other therapies.

Investinor's shareTotal investmentsRevenue 2016
4.2 %
  • Other 95.8
  • Investinor's share 4.2
4.0
MNOK
0.6
MNOK

Phoenix Solutions

  • Main office: Oslo
  • First investment: April 2017

Develops a technology platform for ultrasound mediated, targeted delivery of drug therapies – Acoustic Cluster Therapy.

Investinor's shareTotal investments
7.7 %
  • Other 92.3
  • Investinor's share 7.7
4
MNOK

Spinchip Diagnostics

  • Main office: Oslo
  • Investinor board member(s): Ann-Tove Kongsnes

Develops a novel state of the art platform for in vitro diagnosis analyses in a point of care setting. The solution will enable faster, easier and more reliable diagnosis and follow up of e.g. cardiovascular, inflammatory, infectious, diabetic and endocrine diseases.

Investinor's shareTotal investmentsRevenue 2016
32.5 %
  • Other 67.5
  • Investinor's share 32.5
30.1
MNOK
9.3
MNOK

Calliditas Therapeutics AB

  • Main office: Stockholm
  • Investinor board member(s): Ann-Tove Kongsnes

Pharmalink AB is a specialty pharma company focusing on orphan and niche products.

Investinor's shareTotal investments
25.6 %
  • Other 74.4
  • Investinor's share 25.6
83.9
MNOK

BerGenBio

  • Main office: Bergen
  • Investinor board member(s): Jon Øyvind Eriksen

Biopharma company offering first class oncology therapeutics.

Investinor's shareTotal investments
13.3 %
  • Other 86.7
  • Investinor's share 13.3
84.1
MNOK

Other sectors


AlpinCo

  • Main office: Øyer
  • Investinor board member(s): Egil Garberg, Stig Andersen, Bent Grøver
  • Deputy board member(s): Bent Grøver

AlpinCo AS owns Norwegian travel destinations Hafjell and Kvitfjell. The company’s goal is to aquire 2-4 additional resorts within the next 5 years.

Investinor's shareTotal investmentsRevenue 2016
49 %
  • Other 51
  • Investinor's share 49
159.0
MNOK
222.7
MNOK

Exits


GasSecure

  • Main office: Oslo
  • First investment: March 2011
  • Investinor board member(s): Jan Morten Ertsaas

GasSecure was one of the first investments made by Investinor. The GasSecure founder’s bold ambition was to offer the world’s first truly wireless optical gas detector for demanding industrial applications. With low-power gas detection and safe wireless communication, they wanted to increase safety and reduce installation costs. Backed by Investinor and other venture capitalists, GasSecure succeeded. In March 2015 the company was acquired by Dräger Holding International GmbH for MNOK 500.

Investinor's shareTotal investmentsRevenue 2016
25.0 %
  • Other 75
  • Investinor's share 25.0
15.5
MNOK
11.7
MNOK

Energy Micro

  • Main office: Oslo
  • Divested: June 2013
  • Aquired by: Silicon Labs Inc.

Energy Micro offeres world leading energy-efficient microcontroller solutions, and was founded by Norwegian serial entrepreneur Geir Førre. Prior to Energy Micro he co-founded semiconductor company Chipcon, which was acquired by Texas Instruments for BNOK 1.3 in 2007. Investinor came on board Energy Micro as one of the cornerstone investors in 2010, and in 2013 Geir and his fellow founders did it again: Energy Micro was acquired by Silicon Laboratories for MUSD 115 + a MUSD 55 earn out.

Investinor's shareTotal investments
9.7 %
  • Other 90.3
  • Investinor's share 9.7
43.3
MNOK

OCAS AS

  • Main office: Oslo
  • First investment: September 2009
  • Total investment before exit: 23,6 mNOK
  • Divested: March 2012

Offers radar technology that enables intelligent use of aviation lights on obstacles such as wind turbines. The company was acquired by Westas Wind Systems in 2011.

Aptomar

  • Main office: Trondheim
  • First investment: February 2010
  • Total investment before exit: MNOK 26.2
  • Divested: December 2016
  • Aquired by: Proventure
  • Investinor board member(s): null

Aptomar is a leading provider of Integrated Field Monitoring sensors, systems and services for the oil and gas industry.

Investinor's shareRevenue 2016
19.4 %
  • Other 80.6
  • Investinor's share 19.4
31.2
MNOK

Soundrop

  • Main office: Oslo
  • First investment: October 2013
  • Total investment before exit: MNOK 14
  • Divested: December 2016
  • Investinor board member(s): null

Soundrop offers a popular social music discovery platform. Labels and artists can use Soundrop to boost revenues from streaming music services.

Investinor's shareRevenue 2016
20 %
  • Other 80
  • Investinor's share 20
0.1
MNOK

Verdande Technology AS

  • Main office: Trondheim
  • Divested: December 2014

Offered cased based reasoning (CBR) software and services for the oil- and gas industry, financial services and health care industry. The company, which was backed by Investinor and three leading Nordic venture capital firms, filed for bankruptcy in December 2014.

Investinor's shareTotal investments
26.6 %
  • Other 73.4
  • Investinor's share 26.6
49.6
MNOK

Innotech Solar AS

  • Main office: Narvik
  • First investment: November 2009
  • Divested: December 2013

Innotech Solar (ITS) was an innovative manufacturer of photovoltaic (PV) modules. ITS offered high quality PV modules at very low production cost, by recycling rejected PV cells from other manufacturers with a proprietary testing and optimization process. ITS grew fast in the European market, raised capital from leading venture capital investors such as Northzone Ventures and Investinor, and won awards for beeing one of the most promising private technology companies in Europe. However, the global PV market became encreasingly distressed by overcapacity, and prices fell so low that not even cost leading ITS was competetive. Investinor divested Innotech Solar in 2014 and the company filed for bankruptcy in March 2015.

Investinor's shareTotal investments
31.6 %
  • Other 68.4
  • Investinor's share 31.6
130
MNOK

Pinovo AS

  • Main office: Bekkjarvik
  • First investment: April 2011
  • Divested: December 2013

Offeres a state of the art closed loop grit blasting for surface treatment in the maritime and offhore industries. Investinor divested its shares in Pinovo in 2013.

Investinor's shareTotal investments
7.11 %
  • Other 92.89
  • Investinor's share 7.11
9.8
MNOK

ChapDrive AS

  • Main office: Trondheim
  • First investment: April 2010
  • Divested: November 2013

Chapdrive was a cleantech company spun out of the Norwegian University of Science and Technology (NTNU). It developed a patented hydraulic drivetrain solution for wind turbines to eliminate the mechanical gearbox and reduce cost of energy. The company was owned by leading venture capital investors such as Northzone Ventures, Viking Venture, Investinor and Proventure. As the European Wind power market plummeted in the aftermath of the Euro crisis in 2011, Chapdrive’s industrial partner backed out, and the owners decided to liquidate the company.

Investinor's shareTotal investments
13.31 %
  • Other 86.69
  • Investinor's share 13.31
17.9
MNOK

Padtech AS

  • Main office: Oslo
  • First investment: December 2009
  • Divested: December 2013

Offers innovative packaging solutions for the cosmetics and pharmaceutical industries.

 

Investinor's shareTotal investments
39.5 %
  • Other 60.5
  • Investinor's share 39.5
43.6
MNOK

Ping Communications AS

  • Main office: Oslo
  • First investment: August 2010
  • Divested: April 2012

Offers high-end broadband gateways, VoIP adapters, fibre solutions and high performance remote monitoring and management systems.

Investinor's shareTotal investments
38.4 %
  • Other 61.6
  • Investinor's share 38.4
17.2
MNOK

Målselv utvikling AS

  • Main office: Målselv
  • First investment: June 2010
  • Divested: May 2013

The company’s ambition was to develop a tourism destination (Snowman Resort) in Arctic Norway, based on the only ski resort in Europe that has an airport located just a 15 minute drive from the slopes. Målselv utvikling filed for bankruptcy in 2013.

Investinor's shareTotal investments
32.71 %
  • Other 67.29
  • Investinor's share 32.71
23.1
MNOK

BookNorway AS

  • Main office: Oslo
  • First investment: April 2011
  • Divested: April 2013

Offered an IT solution for online purchase of travels and tourism products in Norway. The company was acquired in 2013.

 

Investinor's shareTotal investments
48.2 %
  • Other 51.8
  • Investinor's share 48.2
7.6
MNOK

SantoSolve AS

  • Main office: Oslo
  • First investment: November 2009
  • Divested: June 2012

Pharma company that offeres innovative pain relief. Investinor divested the company when a phase III test failed.

Investinor's shareTotal investments
9.5 %
  • Other 90.5
  • Investinor's share 9.5
14.1
MNOK

Metallkraft AS

  • Main office: Kristiansand
  • First investment: June 2009
  • Total investment before exit: 79,4 millioner NOK
  • Divested: August 2012
  • Aquired by: Capricorn Venture Partners

Recycles slurry from PV wafer maufacturing. Investinor divested the company in June 2012.

Investinor's share
14.2 %
  • Other 85.8
  • Investinor's share 14.2

OceanSaver

  • Main office: Drammen
  • First investment: April 2011
  • Divested: September 2017
  • Aquired by: The company filed for bankruptcy in September 2017.

Developed ballast water treatment system for large ships. The company filed for bankruptcy in September 2017.

Investinor's shareTotal investments
49 %
  • Other 51
  • Investinor's share 49
322
MNOK

THINK Holding AS

  • Main office: Oslo
  • First investment: August 2009
  • Total investment before exit: 65 mNOK
  • Divested: February 2011

Founded in 1991, THINK was a first mover in the market for eletric cars. Investinor took a 5% stake in the company in 2009, with Valmet Automotive, american venture capital firms and NASDAQ listed battery manufacturer Ener 1 as co-investors. Investinor divested the company in January 2011, and THINK filed for bankruptcy later that year.

Investinor's share
5.5 %
  • Other 94.5
  • Investinor's share 5.5