Kart

Other sectors


Oil & gas


Icon Instruments AS

  • Main office: Sandnes
  • First investment: April 2019
  • Investinor contact person: John-Arne Hørløck

Develops instrumented plugs for use in oil and gas wells.

Investinor's shareTotal investmentsRevenue 2018
12.1 %
  • Other 88
  • Investinor's share 12.1
4.0
MNOK
0.1
MNOK

Well Conveyor

  • Main office: Bryne
  • First investment: March 2018
  • Deputy board member(s): John-Arne Hørløck

The Company is a downhole engineering company within the oil and gas industry, developing a four-wheeled conveyance tractor for downhole deployment

Investinor's shareTotal investmentsRevenue 2018
10.9 %
  • Other 90
  • Investinor's share 10.9
4.4
MNOK
0.3
MNOK

Shoreline

  • 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 2018
13.6 %
  • Other 87
  • Investinor's share 13.6
6.8
MNOK
4.9
MNOK

Xsens

  • Main office: Bergen, Norway
  • Investinor board member(s): John-Arne Hørløck

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

Investinor's shareTotal investments
20.5 %
  • Other 80
  • Investinor's share 20.5
12
MNOK

Scale Protection

  • Main office: Harstad, Norway
  • First investment: December 2016
  • Investinor contact person: John-Arne Hørløck

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

Investinor's shareTotal investmentsRevenue 2018
16.6 %
  • Other 84
  • Investinor's share 16.6
5.88
MNOK
3.9
MNOK

Ace Oil Tools

  • Main office: Stavanger
  • Investinor board member(s): John-Arne Hørløck

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 2018
30.5 %
  • Other 70
  • Investinor's share 30.5
24
MNOK
33.4
MNOK

PartnerPlast

  • Main office: Åndalsnes
  • Investinor board member(s): Patrick Kartevoll
  • Deputy board member(s): Thomas Wrede-Holm

Leading supplyer of advanced equipment to the international seismic industry.

Investinor's shareTotal investmentsRevenue 2018
49 %
  • Other 51
  • Investinor's share 49
53.59
MNOK
85.8
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 2018
17.1 %
  • Other 83
  • Investinor's share 17.1
53.35
MNOK
59.7
MNOK

Zi-lift

  • Main office: Tananger
  • Investinor board member(s): Patrick Kartevoll

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 2018
13.7 %
  • Other 87
  • Investinor's share 13.7
48.86
MNOK
30
MNOK

Ziebel

  • Main office: Tananger
  • Investinor board member(s): John-Arne Hørløck

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

Investinor's shareTotal investmentsRevenue 2018
47.3 %
  • Other 53
  • Investinor's share 47.3
152.15
MNOK
60.8
MNOK

ExproSoft

  • Main office: Trondheim
  • Investinor board member(s): John-Arne Hørløck

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 2018
42.6 %
  • Other 58
  • Investinor's share 42.6
37.6
MNOK
19.5
MNOK

ICT


Spotics

  • Main office: Trondheim
  • First investment: October 2019
  • Investinor contact person: Øystein Wikan

The Company has developed a new type of wireless microphone for 360 audio recordings. In addition, Spotics offers a software (SpotBot) which automates a large part of the editing needed post-production.

Investinor's shareTotal investments
8.7 %
  • Other 92
  • Investinor's share 8.7
2
MNOK

Rayvn

  • Main office: Bergen
  • First investment: September 2019
  • Investinor contact person: Egil Garberg

Effective management of critical events. User-friendly system to minimize impact on business operations, restore services to regular level as swiftly as possible, while continuing to provide the best possible level of service quality and accessibility.

Investinor's shareTotal investments
5.03 %
  • Other 95
  • Investinor's share 5.03
3
MNOK

Vibbio

  • Main office: Oslo
  • First investment: May 2019
  • Investinor contact person: Maja Aursand

Vibbio is a B2B platform that makes video production for social media easy and available. With Vibbio’s solution customers can produce and publish video content without professional marketing or advertising agencies.

Investinor's shareTotal investmentsRevenue 2018
6.35 %
  • Other 94
  • Investinor's share 6.35
4
MNOK
2.45
MNOK

Motimate

  • Main office: Oslo
  • First investment: June 2019
  • Investinor contact person: Patrick Sandal

Motimate offers digital and mobile learning- and communication platforms for the Corporate Market.

Investinor's shareTotal investmentsRevenue 2018
5.9 %
  • Other 95
  • Investinor's share 5.9
4.0
MNOK
4.2
MNOK

Xeneta

  • Main office: Oslo
  • First investment: February 2019
  • Investinor board member(s): Patrick Sandal
  • Observer of the board: Daniel Holth Larsen

SaaS company offering market-leading insight and price comparison services to companies with global shipping operations

Total investments
34
MNOK

iGlobalTracking

  • Main office: Torpo
  • First investment: December 2018

iGlobalTracking providesa platform for scaleble use of IoT  and sensor data. The platform aggregates, structures and processes relevant data points from various sources in an intelligent manner so that events / patterns are captured and passed on to end users.

Investinor's shareTotal investmentsRevenue 2018
11.9 %
  • Other 89
  • Investinor's share 11.9
4.0
MNOK
1.2
MNOK

Memory

  • Main office: Oslo
  • First investment: October 2018
  • Investinor board member(s): Ronny Vikdal

B2B SaaS company that offers software for automated tracking and registration of time usage.

Investinor's shareTotal investmentsRevenue 2018
12.8 %
  • Other 88
  • Investinor's share 12.8
19
MNOK
13
MNOK

Scout Drone Inspection

  • Main office: Trondheim
  • First investment: June 2018

Developing an autonomous drone that will provide a complete visual inspection and non-destructive testing (NDT) solution for enclosed and poorly lit environments.

Investinor's shareTotal investments
6.1 %
  • Other 94
  • Investinor's share 6.1
1.5
MNOK

Sensibel

  • Main office: Oslo
  • First investment: January 2018
  • Observer of the board: Pål Breiland

Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology.

Investinor's shareTotal investments
19 %
  • Other 81
  • Investinor's share 19
5.63
MNOK

Intelecy

  • 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
5.7 %
  • Other 95
  • Investinor's share 5.7
1
MNOK

Heimdal Power

  • Main office: Steinkjer
  • First investment: August 2017
  • Investinor contact person: Jon Øyvind Eriksen
Investinor's shareTotal investments
25.1 %
  • Other 75
  • Investinor's share 25.1
7.26
MNOK

Dimension 10

  • Main office: Oslo
  • First investment: August 2017
  • Investinor contact person: Jon Øyvind Eriksen
  • Observer of the board: Daniel Holth Larsen
Investinor's shareTotal investments
5.5 %
  • Other 95
  • Investinor's share 5.5
2.65
MNOK

Heimdall Power

    Vilmer

    • Main office: Moelv
    • First investment: June 2017
    • Investinor board member(s): Jon Øyvind Eriksen
    Investinor's shareTotal investmentsRevenue 2018
    7.8 %
    • Other 93
    • Investinor's share 7.8
    0.45
    MNOK
    0.1
    MNOK

    Villoid

    • Main office: Oslo
    • First investment: June 2017
    • Investinor contact person: Pål Breiland
    Investinor's shareTotal investmentsRevenue 2018
    1.4 %
    • Other 99
    • Investinor's share 1.4
    0.86
    MNOK
    0.2
    MNOK

    AiA Science

    • Main office: Trondheim
    • First investment: April 2017
    • Investinor contact person: Pål Breiland

    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 2018
    8.5 %
    • Other 92
    • Investinor's share 8.5
    2.3
    MNOK
    2.9
    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.

     

    Investinor's shareTotal investments
    1.2 %
    • Other 99
    • Investinor's share 1.2
    1
    MNOK

    Tellu

    • Main office: Asker
    • First investment: April 2017
    • Investinor contact person: Otto Frøseth
    • Observer of the board: Otto Frøseth

    Offers IoT software solutions trough its TelluCloud platform.

    Investinor's shareTotal investmentsRevenue 2018
    19 %
    • Other 81
    • Investinor's share 19
    8.8
    MNOK
    8.9
    MNOK

    Skioo

    • Main office: Oslo
    • First investment: June 2016
    • Total investment before exit: 19.9
    • Investinor board member(s): Bent Grøver
    • Deputy board member(s): Daniel Holth Larsen

    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 2018
    21.2 %
    • Other 79
    • Investinor's share 21.2
    23.44
    MNOK
    0.8
    MNOK

    Unacast

    • Main office: 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 investmentsRevenue 2018
    17.6 %
    • Other 83
    • Investinor's share 17.6
    42.37
    MNOK
    18.8
    MNOK

    Northern.tech

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

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

    Investinor's shareTotal investmentsRevenue 2018
    30.6 %
    • Other 70
    • Investinor's share 30.6
    9.29
    MNOK
    27.5
    MNOK

    Novelda

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

    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 2018
    25.9 %
    • Other 75
    • Investinor's share 25.9
    111.57
    MNOK
    31.7
    MNOK

    Cyviz

    • Main office: Stavanger
    • Investinor board member(s): Patrick Kartevoll, Thomas Wrede-Holm

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

    Investinor's shareTotal investmentsRevenue 2018
    40 %
    • Other 60
    • Investinor's share 40
    56.9
    MNOK
    298
    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 2018
    37.6 %
    • Other 63
    • Investinor's share 37.6
    47.3
    MNOK
    65.9
    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 investmentsRevenue 2018
    19.8 %
    • Other 81
    • Investinor's share 19.8
    129.19
    MNOK
    0.167
    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 2018
    34.5 %
    • Other 66
    • Investinor's share 34.5
    83.65
    MNOK
    22
    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 2018
    5.5 %
    • Other 95
    • Investinor's share 5.5
    0.96
    MNOK
    1.7
    MNOK

    Adline

    • 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 investments
    11.1 %
    • Other 89
    • Investinor's share 11.1
    3.2
    MNOK

    Swarm64

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

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

    Investinor's shareTotal investmentsRevenue 2018
    19.1 %
    • Other 81
    • Investinor's share 19.1
    45.8
    MNOK
    0.101
    MNOK

    Harvest Funds

    • 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 2018
    8.6 %
    • Other 92
    • Investinor's share 8.6
    7.5
    MNOK
    1
    MNOK

    Cleantech


    Termowood

    • Main office: Drammen
    • First investment: March 2018
    • Investinor board member(s): Stig Andersen

    Offers a new patented concept for building construction with wood based elements

    Investinor's shareTotal investmentsRevenue 2018
    32.1 %
    • Other 68
    • Investinor's share 32.1
    20.66
    MNOK
    12.7
    MNOK

    Sorbwater Techology

    • Main office: Bergen
    • First investment: June 2017

    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 2018
    10.7 %
    • Other 90
    • Investinor's share 10.7
    12.25
    MNOK
    5.5
    MNOK

    AiA Science

    • Main office: Trondheim
    • First investment: April 2017
    • Investinor contact person: Pål Breiland

    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 2018
    8.5 %
    • Other 92
    • Investinor's share 8.5
    2.3
    MNOK
    2.9
    MNOK

    Kebony

    • Main office: Oslo
    • Investinor board member(s): Bent Grøver

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

    Investinor's shareTotal investmentsRevenue 2018
    18.9 %
    • Other 82
    • Investinor's share 18.9
    148.48
    MNOK
    250
    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 investments
    26 %
    • Other 74
    • Investinor's share 26
    16.6
    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 2018
    23.5 %
    • Other 77
    • Investinor's share 23.5
    33.6
    MNOK
    9.4
    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 2018
    40.4 %
    • Other 60
    • Investinor's share 40.4
    17.5
    MNOK
    15.1
    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 2018
    37.3 %
    • Other 63
    • Investinor's share 37.3
    31.66
    MNOK
    23.5
    MNOK

    Smartfish

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

    Manufacture juice-based nutrition drinks, drinks for special medical purposes and for active people and elite athletes.

    Investinor's shareTotal investmentsRevenue 2018
    40.3 %
    • Other 60
    • Investinor's share 40.3
    89.44
    MNOK
    17.5
    MNOK

    Nordic Halibut

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

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

    Investinor's shareTotal investmentsRevenue 2018
    39.6 %
    • Other 61
    • Investinor's share 39.6
    87.3
    MNOK
    67.7
    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 2018
    34 %
    • Other 66
    • Investinor's share 34
    56.49
    MNOK
    101.6
    MNOK

    Life Science & Medtech


    Hubro Therapeutics AS

    • Main office: Oslo
    • First investment: July 2019
    • Observer of the board: Birgitte Villmo

    Develops cancer vaccine for cancers caused by messenger RAS mutations

    Investinor's shareTotal investments
    12.9 %
    • Other 88
    • Investinor's share 12.9
    1.4
    MNOK

    Nisonic

    • Main office: Trondheim
    • First investment: July 2018
    • Observer of the board: Birgitte Villmo

    Developing method to measure intracranial pressure using ultra sound

    Investinor's shareTotal investments
    14.7 %
    • Other 86
    • Investinor's share 14.7
    3.7
    MNOK

    ONiO

    • Main office: Oslo
    • First investment: March 2018

    ONiO is a Norwegian health technology company developing non-invasive sensors for measuring the body’s core temperature.

    Investinor's shareTotal investmentsRevenue 2018
    1.1 %
    • Other 99
    • Investinor's share 1.1
    1
    MNOK
    1.2
    MNOK

    Hy5Pro

    • Main office: Raufoss
    • First investment: February 2018
    • Observer of the board: Pål Breiland

    Hy5 is a Norwegian medtech company, bringing to market the world’s first hydraulic actuated prosthesis.

    Investinor's shareTotal investmentsRevenue 2018
    6.9 %
    • Other 94
    • Investinor's share 6.9
    4
    MNOK
    2.9
    MNOK

    Curida

    • Main office: Elverum
    • First investment: January 2018
    • Investinor board member(s): Thomas Wrede-Holm

    Pharmaceutical Contract Development and Manufacturing Organization (CDMO) with core competence on Blow-Fill-Seal, Spray and Bottles.

    Investinor's shareTotal investmentsRevenue 2018
    18.4 %
    • Other 82
    • Investinor's share 18.4
    24.9
    MNOK
    67.8
    MNOK

    Topro Industri

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

    Production and sale of premium rollators and other aids for a global market

    Investinor's shareTotal investmentsRevenue 2018
    38 %
    • Other 62
    • Investinor's share 38
    20.39
    MNOK
    265
    MNOK

    Pluvia AS

    • Main office: Bergen
    • First investment: November 2017
    • Observer of the board: Lars Jørgen Loktu

    The company is developing a treatment which aims to improve the life quality of children born with the rare metabolism disease Phenylketonuria (PKU).

    Investinor's shareTotal investments
    9.2 %
    • Other 91
    • Investinor's share 9.2
    2.98
    MNOK

    APIM Therapeutics

    • 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 investments
    8.8 %
    • Other 92
    • Investinor's share 8.8
    10.5
    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
    7.4 %
    • Other 93
    • Investinor's share 7.4
    8
    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 2018
    28.8 %
    • Other 72
    • Investinor's share 28.8
    34.38
    MNOK
    2.5
    MNOK

    Calliditas Therapeutics

    • Main office: Stockholm
    • Investinor contact person: Ann-Tove Kongsnes

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

    Investinor's shareTotal investments
    13.15 %
    • Other 87
    • Investinor's share 13.15
    137.3
    MNOK

    BerGenBio

    • Main office: Bergen
    • Investinor contact person: Ann-Tove Kongsnes

    Biopharma company offering first class oncology therapeutics.

    Investinor's shareTotal investments
    11.90 %
    • Other 89
    • Investinor's share 11.90
    84.1
    MNOK

    Other sectors


    Shelterwood

    • Main office: Trondheim
    • First investment: December 2018
    • Investinor board member(s): Tor Helmersen, Ann-Tove Kongsnes
    Total investments
    10.0
    MNOK

    Funzionano

    • Main office: Oslo
    • First investment: March 2018
    Investinor's shareTotal investments
    21.8 %
    • Other 79
    • Investinor's share 21.8
    6.0
    MNOK

    Exits


    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 2018
    12.7 %
    • Other 88
    • Investinor's share 12.7
    2.3
    MNOK
    5
    MNOK

    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 2018
    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 91
    • Investinor's share 9.7
    43.3
    MNOK

    OCAS

    • 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 2018
    19.4 %
    • Other 81
    • 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 2018
    20 %
    • Other 80
    • Investinor's share 20
    0.1
    MNOK

    Verdande Technology

    • 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 74
    • Investinor's share 26.6
    49.6
    MNOK

    Innotech Solar

    • 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 69
    • Investinor's share 31.6
    130
    MNOK

    Pinovo

    • 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 93
    • Investinor's share 7.11
    9.8
    MNOK

    ChapDrive

    • 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 87
    • Investinor's share 13.31
    17.9
    MNOK

    Padtech

    • 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 61
    • Investinor's share 39.5
    43.6
    MNOK

    Ping Communications

    • 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 62
    • Investinor's share 38.4
    17.2
    MNOK

    Målselv utvikling

    • 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 68
    • Investinor's share 32.71
    23.1
    MNOK

    BookNorway

    • 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 52
    • Investinor's share 48.2
    7.6
    MNOK

    SantoSolve

    • 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 91
    • Investinor's share 9.5
    14.1
    MNOK

    AlpinCo

    • Main office: Øyer
    • Total investment before exit: 160,0 mnok
    • Divested: January 2018
    • Aquired by: Borgen Investment Group Norway og AB Invest AS

    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 2018
    49 %
    • Other 51
    • Investinor's share 49
    160.0
    MNOK
    222.7
    MNOK

    Metallkraft

    • 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 86
    • 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

    Robotic Drilling Systems

    • Main office: Sandnes
    • First investment: May 2012
    • Aquired by: Nabors Industries
    • Investinor board member(s): John-Arne Hørløck

    Offers an innovative autonomous robotic rig for unmanned drilling operations. The Robotic Drilling System™ sets new standards with increased safety and cost-effective planning and drilling, both offshore and onshore. The company was acquired by Nabors in 2017.

    Investinor's shareTotal investmentsRevenue 2018
    19.6 %
    • Other 81
    • Investinor's share 19.6
    59.1
    MNOK
    16.1
    MNOK

    THINK

    • 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 95
    • Investinor's share 5.5