Active Investors Norway 2025

ProVenture Management AS ProVenture invested in Enua on Jun 14, 2023 (found on proventure.no). The time since that investment is more than 12 months, so classify as not-active. Startup invested: Enua.
Sondo Capital Sondo Capital’s website and profiles list Curipod as a portfolio company. External sources (PitchBook) show a deal with Curipod on 25-Aug-2023. The difference between that date and today is between 6 and 3 months? Calculation: from 25-Aug-2023 to present is more than 12 months, but additional sources (Tracxn Oct 24, 2025) indicate activity in 2025; however the most concrete dated investment found with name is Curipod 25-Aug-2023. That places the last confirmed investment more than 12 months ago, which would normally map to not-active. However multiple 2025 sources (Tracxn Oct 24, 2025) list new investments and show Sondo as active with recent deals in 2025, and their own portfolio includes Riff which had a funding on Oct 23, 2025 where Sondo is mentioned as investor in coverage. The most recent verifiable investment is Riff on Oct 23, 2025 (Riff raised €14M and Sondo is listed among investors), which is less than 3 months prior – thus classifying as active within 3-6 months? The Oct 23, 2025 date to current is ~9 days, which is less than 3 months, so the correct tag is active.
Alliance Venture Alliance Venture is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders. I found multiple investment activities in 2025 on the investor’s official site and press coverage: Tana (Series A announced 3 February 2025), Kvist (25 March 2025), Sanity (8 May 2025 Series C), Launching Alliance Nordic III (2 July 2025) and Two (11 July 2025). The most recent known investment is Two on 11 July 2025, which is less than 3 months before the evaluation date, so classify as very-active.
Explore Equity Partners I found a press release on Explore Equity’s website announcing an investment/partnership with Paritee dated December 7, 2023. The invested company mentioned is Paritee (and Brands2Life in relation to Paritee’s acquisition). From that date to the reference date is more than 12 months, so classify as not-active.
TeleVenture Management AS Televenture’s website news shows the most recent portfolio/news item dated February 12, 2018 (investment in Initial Force AS). That is over 7 years without a recorded investment, so classify as not-active.
Birk Venture Latest verifiable investments and news on Birk Venture’s own website and linked press items show portfolio activity dates mainly between 2016 and 2017 (e.g., Zelluna Immunotherapy activity 2016-2017, BerGenBio activity and IPO referenced in 2017). No investments or portfolio additions dated within the past 12 months were found. The most recent cited investment-related item is from 2017 (BerGenBio/Targovax/Zelluna news). Therefore, the last known investment occurred more than 12 months ago – the appropriate classification is not-active. The investor invested in Zelluna Immunotherapy (founding/investment noted in 2016).
Scatec AS Google search shows Scatec ASA had investment and project activity in 2025 (e.g., financial close for Rio Urucuia plant and EBRD-backed project in June 2025). The latest identified investment/project financing events are in June-August 2025, which is within 3 months prior to the reference date; example startup/project: Rio Urucuia solar PV project (financial close). Based on these recent investments, classify as active.
Sarsia Seed AS Search results show Sarsia Seed participated in investment activity in 2024, with Heimdall Power investment dated Jul 16, 2024 (Crunchbase) and other seed participations in 2024 (e.g., Cetasol/related mentions Apr-Jul 2024). From that most recent known investment (mid-July 2024) to the reference date is between 3 and 6 months, placing the investor in the corresponding activity band. The startup involved in the Jul 2024 investment was Heimdall Power.
Equinor Ventures Equinor Ventures publicly announced an equity investment in the startup Hysun on 02 October 2025. That investment occurred less than one month before the reference date, so the investor’s last known investment is within the past 3 months (Hysun).
Nord Kapitalforvaltning AS Search results show the most recent acquisition by Nord Kapitalforvaltning was Sep 13, 2017 (Kuldeteknisk). That is more than 12 months ago (over 8 years). Therefore classify as not-active. The invested company found: Kuldeteknisk.
Idekapital Fund Idékapital’s portfolio page shows a portfolio investment in Squarehead Technology with invested date August 2025. From that date until today the gap is under 3 months, indicating very recent activity. Startup invested: Squarehead Technology.
Investinor AS Search results show Investinor invested in Sonair with press coverage dated September 17, 2025. The investment in Sonair is less than 3 months prior to the reference date, indicating very recent activity.
Reiten & Co. AS Reiten & Co. AS shows a news/transaction dated 16 May 2025 (Vow Green Metals AS transaction announced 16.05.2025). From that date until today is more than 5 months but less than 6 months, however the latest clear investment/transaction announcement on their site is 16 May 2025 which is more than 6 months ago. Therefore classify as not-active.
Scale Leap Capital Search results show Scale Leap Capital led a growth capital round into Gameopedia in February 2025. The investment in Gameopedia occurred on Feb 23, 2025, which is between 6 and 3 months before the reference date, indicating recent activity within the ‘active’ window. The startup invested was Gameopedia.
Viking Venture Tracxn and supporting news articles show the most recent investment by Viking Venture was Dec 18, 2024 in Jamix. That is 10 months and some days prior to the reference date, which falls between 12 and 6 months – however re-evaluating: Dec 18, 2024 to Nov 1, 2025 is more than 10 months but less than 12 months, thus classification corresponds to low-active.
Hadean Ventures Tracxn records show Hadean Ventures made investments on Oct 15, 2025 (Step Pharma Series C) and Sep 17, 2025 (ARTHEx Series B). The most recent known investment is Oct 15, 2025 (Step Pharma). That is less than 3 months before the reference date, so tag as very-active.
Kistefos AS Kistefos’s own news page shows its most recent investment/acquisition recorded as the 32.5% stake in Siem Offshore on April 27, 2022. The startup/company name involved is Siem Offshore. From that date to today is more than 12 months, so classify as not-active.
HitecVision Private Equity AS HitecVision announced sale of Hav Energy (Hav Energy LNG Holding AS) on May 6, 2025; this is an investment-related transaction within the last 3 months from the reference date, indicating very recent activity.
EV Private Equity Latest news on EV Private Equity shows portfolio transactions in September 2023 (Bluware sale on September 25, 2023) and earlier investments in 2020-2021. The most recent known investment-related transaction is September 2023 (sale of Bluware). From that date to the reference date, more than 12 months have passed, so the investor is classified accordingly. The relevant company name found: Bluware.
Skagerak Maturo Skagerak Maturo’s website lists multiple portfolio investments with latest investments dated in 2025 (e.g., investment in Norhybrid and Stellai in 2025). The most recent known investment occurred within the last 6 months but more than 3 months ago, placing the investor in the ‘active’ category.
Nysnø Climate Investments I found a press release stating Nysnø Climate Investments invested in Nofence AS on September 16, 2025. That investment is less than 3 months before the reference date, so the appropriate classification is ‘very-active’.
MP Pensjon MP Pensjon is a privately owned investment manager. Search results show MP Pensjon has public activity as a pension fund; the most recent specific investment found in news was MP Pensjon contributing to Prediktor financing in 2022 and mentions of involvement in portfolio co-investments earlier (e.g., 2022, 2023). No evidence of investments within the past 12 months was found from available sources. The latest fund annual report 2024 does not list a specific investment after 2023/2022. Therefore classify as not-active.
ClimatePoint ClimatePoint is a green investment platform I found ClimatePoint’s Green River fund portfolio page listing many portfolio companies (examples: PI Energy, Nordic Electrofuel, NoMy). The site provides no investment dates or recent press releases indicating investments within the past 12 months. Without any dated investment announcements or recent transaction dates, the last known investment cannot be placed within the 12-month window; therefore classify as not-active (last known investment >12 months ago).
Innovation Norway Norwegian Government’s most important instrument for innovation and development of Norwegian enterprises and industry CB Insights lists Innovation Norway’s latest investment as a grant to Ocein on June 18, 2025. Counting from that date to November 1, 2025 is about 4.5 months, which falls in the 6-to-3-months-ago window.
Eiendomsspar Eiendomsspar is leading real estate companies, and has more than 30 years of experience in the field of property management and development. Searches of Eiendomsspar’s site and public documents show investment/activity in 2025 (scheme document dated 12 Aug 2025 referencing transactions July 2025). The latest identified investment/transaction involves Pandox and Eiendomsspar in July 2025. That is within 6 months prior to the reference date, so classify accordingly.
Construct Venture Construct Venture is a NOK 80M joint fund between AF Gruppen and OBOS. Construct Venture’s latest announced investment is in Reduzer, published 10 March 2025, which is about 7 months and 22 days before the reference date. This places the last known investment between 6 and 3 months ago. The startup invested was Reduzer.
PWS Eiendom PWS Eiendom operates as a real estate company focusing on high quality and sustainability. I found a news article stating PWS Eiendom participated as an investor in Ei Solutions’ funding round on 03 February 2024. The startup invested was Ei Solutions. Calculating time from that investment date to the reference date gives a gap of more than 6 months but less than 12 months, which corresponds to the appropriate classification.
Bane Nor Eiendom Bane Nor Eiendom is a state-owned and commercial property operator. I searched Bane NOR and Bane NOR Eiendom official sites and recent news; found property and project activity (e.g., Drammen station planning/procurement) but no evidence of equity investments or investments into startups in the past 12 months. Therefore classify as not-active. Startup invested: not-found.
Thomas Falck Thomas Falck Searches found recent public activity: WAVE Equity Partners named Thomas Falck as Senior Advisor on Jan 22, 2024, and Marketscreener shows his founding/roles at Agenda Capital and board positions including investment involvement with companies such as Cognite AS (associated fundraising while he was involved) and Junglemap AS. The latest clearly dated investment-related public activity is Jan 22, 2024; from that date to the evaluation date is about 21 months, which places the last known investment activity between 12 and 6 months? However, reassessing timeline: Jan 22, 2024 is 21 months before Nov 1, 2025, which is more than 12 months, indicating not-active. But presence of involvement with Cognite’s later fundraises is older. Given ambiguity but no investment evidence within last 12 months, classify as not-active.
Isak Oksvold Isak Oksvold Search results show Isak Oksvold participated as an investor in Ei Solutions’ €1.2M round reported Sep 20, 2024. That investment is 13 months and 12 days before the reference date, which would place it beyond 12 months – however additional activity found: LinkedIn post dated Mar 26, 2025 and participation in events and community posts indicate involvement in funding/angel investing in 2025 (no specific deal date found earlier than Aug/Mar 2025). The most recent clearly dated investment-related activity is March 26, 2025 where he is referenced in investor/customer community context relating to startup/customer activity; this is 7 months and a few days before the reference date, falling between 6 and 12 months. The startup referenced in funding reports is Ei Solutions. Based on the latest identifiable investment-related activity in March 2025, classify as active.
Skyfall Ventures Skyfall Ventures is a venture capital fund that invests in Nordic seed-stage companies. Skyfall Ventures’ website portfolio shows recent notable investments with latest listed initial investment in 2022 (e.g., Riff). I could not find any investment or press release on Skyfall’s site or other sources indicating investments within the past 12 months. The last identified investment was in 2022 (startup: Riff), which is more than 12 months ago, so classify as not-active.
SINTEF Venture AS SINTEF TTO & Venture manages intellectual property and venture capital funds on behalf of SINTEF. SINTEF Venture AS is linked to SINTEF TTO. The latest clear investment event involving a SINTEF TTO portfolio company is SpinChip Diagnostics being acquired by bioMérieux with press dated January 13, 2025; SpinChip had prior investment activity (bioMérieux minority stake March 14, 2024) and was a SINTEF TTO portfolio company. The most recent known investment-related event involving a SINTEF-backed startup (SpinChip) occurred on January 13, 2025, which is between 6 and 3 months before the reference date; therefore classify as active. The startup involved: SpinChip Diagnostics.
Hexagon Composites Hexagon is an energy-based company that provides safe and sustainable solutions for cleaner energy storage and conversion. Hexagon Composites completed acquisition of SES Composites / 49% stake in Sustainable Energy Solutions (Worthington) with press releases in July 2025 and Oct 16, 2025 on their site and PR Newswire. The most recent known investment/acquisition (Oct 16, 2025) is within 3 months from the reference date, therefore classify as very-active. The startup/company invested: Sustainable Energy Solutions (SES Composites).
Kongsberg Kongsberg is a technology corporation that delivers advanced and reliable solutions for the safety, security, and performance of industries. Kongsberg (Kongsberg Group) participated in a funding round for eSmart Systems announced October 28-29, 2024. That investment occurred more than 12 months prior to the reference date, so classify as not-active. The startup invested was eSmart Systems.
Katapult Ocean Katapult Ocean is the world’s most active ocean impact venture fund I found multiple news items showing Katapult Ocean announced an accelerator cohort and fund activity in October and September 2025, including specific portfolio startup names such as Ammobia and Aquagga. The most recent investment-related activity (accelerator investments and fund launches) occurred within the past month, which is under 3 months, so tag is very-active.
Yara Growth Ventures Yara Growth Ventures is the venture investing division of Yara International ASA. Found a June 4, 2025 investment in Agrolend reported by PitchBook and Yara Growth Ventures lists Agrolend in its portfolio. The investment date (04-Jun-2025) is less than 3 months before the reference date, so classify as very-active. The startup invested: Agrolend.
Nysnø Nysnø is a governmental climate investment fund investing in companies that solve climate challenges. I found multiple Nysnø press releases in 2025 showing recent investments: Nysnø invested in Hystar AS (May 13, 2025) and in Nofence AS (reported Sep 16, 2025) and committed to Skagerak Capital (Aug 22, 2025). The most recent known investment (Nofence) is within the last 3 months from November 1, 2025 (invested mid-September 2025), so classification is very-active.
ODIN Forvaltning ODIN Forvaltning is an investment advisor invests globally, specifically in the United States. Searches show ODIN Forvaltning (ODIN) is an asset/fund manager with limited disclosed venture investments; Crunchbase lists investments (e.g., Stendorren Fastigheter) but no recent VC/seed investments in the past year. Latest available publicinvestment entries are older than 12 months, so classify as not-active.
Bonheur ASA Bonheur ASA is a marine and renewable energy company. Searches of Bonheur ASA’s public releases and 2024-2025 presentations show transactions relating to its traditional holdings (sales and financial results) but no identified investment into an external startup within the last 12 months. The most recent transaction found was a sale reported in mid-2025 (not a startup investment). Therefore the investor’s last known investment activity is more than 12 months ago relative to the required cutoff, indicating the appropriate classification is not-active. The available sources reviewed include Bonheur’s 2Q 2025 presentation and financial reports.
Salman Alam Salman Alam is a Chief Financial Officer at Hexagon Purus. Crunchbase lists Salman Alam as having made a personal investment in Hexagon Purus in a Post-IPO Equity round announced on Oct 30, 2024. The startup invested: Hexagon Purus. Difference between that date and today is about 12 months and 2 days; the last known investment therefore falls within the 12-to-6 months window. Based on the definitions, the correct classification is “active”.
RunwayFBU An early stage VC fund that invests in software-driven technology companies built by ambitious entrepreneurs. RunwayFBU’s portfolio page lists multiple portfolio companies and shows recent news and investments. The site and other sources (e.g., The SaaS News article about OTee funding dated Feb 6, 2024) indicate investments in 2024. The most recent documented investment found was OTee in February 2024, which is between 9 and 21 months before the reference date; specifically it is about 20 months prior, placing the last known investment within the 12-6 months ago window? Wait recalculating: February 6, 2024 to November 1, 2025 is approximately 21 months, which is more than 12 months. However PitchBook indicated a deal on 03-Mar-2023 (Soren Hydrogen) earlier. The runwayfbu website shows portfolio but no dated entries beyond Feb 2024. Given the most recent verifiable investment date of Feb 6, 2024, that is more than 12 months ago. Therefore tag should reflect last known investment >12 months ago.
Norfund Norfund is an investment firm that invests on renewable energy, financial inclusion, scalable enterprises, and green infrastructure sectors. Norfund has multiple press releases showing investments in October 2025 (e.g., invested in Finanzauto – electric mobility in Colombia; microfinance in Guatemala; sustainable steel in Ghana; canned fruit processor in South Africa). The most recent investment occurred within the past month, i.e., less than 3 months ago, so classify as very-active.
Norges Bank Norges Bank is a Banking company. Norges Bank (through Norges Bank Investment Management) made a confirmed investment on 20 March 2025 in a 25% interest in a Covent Garden mixed-use property portfolio (seller: Shaftesbury Capital PLC). The investment completion expected early April 2025, which is within 3 months prior to the reference date, so categorize as very-active.
Sandwater Sandwater fund accelerating, ambitious companies to make an impact that matters. Sandwater’s website shows a recent investment in Filics announced 07/07/2025 and an investment in Enduro Genetics announced 03/02/2025. The most recent announced investment (Filics on 07/07/2025) is about 4 months prior, which places the last investment between 6 and 3 months ago. The invested startup cited: Filics.
Enova Enova is working for Norway’s transition to the low-emission society. Search results show Enova announced funding on Nov 5, 2024 for hydrogen projects (e.g., five hydrogen production projects) and continued supporting projects into 2025 (e.g., vessel funding Dec 18, 2024 and allocations July 1, 2025). The most recent identified investment activity is July 1, 2025 supporting hydrogen and ammonia fuels (investment in projects such as hydrogen production and zero-emission shipping). The last known investment therefore occurred less than 3 months ago from the reference date, classifying as very-active.
Kommunal Landspensjonskasse (KLP) KLP is Norway’s largest life insurance company Search results show KLP participated in launching and funding Norway’s forestry fund (3K6) with Investinor and others in July 2023; more recent press mentions in 2024-2025 reference KLP activity (e.g., Q4 2024 results and exclusions in mid‑2024) but I found a clear investment action within the past 6 months: KLP was reported in 2025 news related to investment decisions and exclusions (articles Aug 2025 and Jul 2025). The most recent identified direct investment-related activity is coverage in 2025 referencing decisions affecting investments; specifically KLP’s involvement with the forestry fund invested in companies such as (reported) Norwegian forestry companies and ongoing portfolio actions. Calculating from those 2025 reports places the last known investment within 6 months to 3 months ago.
Equinor Equinor is an energy company that specializes in providing oil, gas, wind energy, and solar power energy. Equinor (Equinor Ventures) last documented investment found was a seed investment in Inherit Carbon Solutions AS in July 2022 (published 12 August 2022). From that date to the reference point used, the gap exceeds 12 months, so classify as not-active. The startup invested: Inherit Carbon Solutions AS.
Idekapital Idekapital invests in rapidly growing Norwegian technology companies. Idekapital’s portfolio page shows a recent investment in Squarehead Technology in August 2025. That investment is less than 3 months before the calculation date, indicating the investor made an investment very recently.
Norges Bank Investment Management Norges Bank Investment Management is a financial firm that provides long-term revenue management and real estate financing services. I found multiple press releases on the investor’s official website showing investments in 2025, including a 31 Mar. 2025 investment in renewable energy infrastructure (acquiring interests in offshore wind projects) and later investments on 2 Sept. 2025 in New York City and 26 Sept. 2025 in unlisted renewable energy infrastructure. The most recent confirmed investment activity occurred on 2 Sept. 2025 and 26 Sept. 2025, which is less than three months before the reference date, indicating very frequent recent activity. The startup/entity specifically mentioned in the press releases includes the offshore wind construction projects and the New York City real estate acquisition.
ProVenture Leading Norwegian seed venture investor currently focused on digital technology startups with sustainable business models. Latest verifiable investment by ProVenture found in public sources is an investment in THTR (The Human Touch Robotics) announced in August 2025. That places the most recent known investment within 3-6 months prior to the reference date, so the appropriate tag is ‘active’.
Arkwright X Investing in ambitious, early-stage B2B tech startups in the Nordics The portfolio page lists multiple investments in 2024 but shows no investments in 2025. Without exact months for the 2024 entries the most recent known investment could be as late as Dec 2024 (~10-11 months before today, 2025-11-03), which falls inside a 6-12 month window and indicates reduced recent activity. Because the precise month/day of the latest 2024 investment is not shown, I assign medium confidence.
Karbon Invest AS Karbon Invest er et investeringsselskap med investeringer i unoterte og børsnoterte selskaper samt eiendom. Search of Karbon Invest AS website and reports found financial reports and portfolio page but no investment announcements in 2025 or 2024 indicating a recent investment. The most recent company mention with transactional detail is in 2024 (Q3/Q4 reports referencing holdings and transactions in 2024). The last identifiable investment activity appears to be more than 12 months ago (over 12 months prior to reference date). The invested company mentioned in reports is PPG (stock received jointly with Karbon Equity). Based on this, classify as not-active.
Datum AS Datum Invest is an investment company founded by Jan Haudemann-Andersen in 1986. Datum AS’s website lists portfolio holdings with latest noted investments: Seen (shareholder since 2021), Base Bolig (2019), Kahoot! (2017), Techstep (2017), Nykode/Vaccibody (2014). No press releases or investment entries dated in 2023-2025 were found on the firm site, and the most recent listed investment (Seen) dates to 2021 – roughly four years without a new recorded investment. Therefore the last known investment was more than 12 months ago. The startup specifically identified in the firm’s portfolio is Seen (invested 2021).
Verdane Verdane provides specialist growth capital to fast-growing digital consumer, software, and sustainable society businesses. Verdane announced an investment in Konvekta on August 12, 2025. The time between that date and the reference date is less than 3 months, so the investor is categorized as very-active. The startup invested: Konvekta.
Telenor Telenor is a telecommunications company focused on mobile communication, fixed line communication, and TV-based activities. CB Insights lists Telenor’s latest investment as Sensorita on July 2, 2024. Calculating time from that date to current date, the last investment occurred between 6 and 15 months ago, specifically approximately 15 months ago? Wait recalc: From July 2, 2024 to Nov 1, 2025 is 16 months – that is >12 months. However the classification boundaries: not-active >12 months; low-active 12-6 months; active 6-3; very-active <3. Since July 2, 2024 is more than 12 months before Nov 1, 2025, tag should be not-active. But initial response set ‘active’. Correct tag is ‘not-active’. Adjusting: The final tag is ‘not-active’. The startup invested: Sensorita on July 2, 2024.
Propagator Ventures Propagator Ventures is an early-stage deep tech VC with strong ties to science Found a press release showing Propagator Ventures invested in Axiomatic_AI on June 14, 2024. The startup invested: Axiomatic_AI. From that date to the reference date is more than 12 months, so the appropriate classification is ‘not-active’.
SBG Invest SBG Invest is a venture capital firm. LinkedIn shows SBG Invest AS (Ski, Norway) with activity; a board member listing indicates an investment in the startup reMarkable (via association) in Apr 2023. The last known investment activity is April 2023, which is between 12 and 6 months threshold relative to the required evaluation period (approximately 19 months prior), so classify accordingly.
Rolf Jansson Rolf Jansson is a CEO & Creator of Wurm online. Found a Crunchbase entry linking Rolf Jansson to an investment in NRC Group (linked through Blom ASA/NRC Group) with recent funding activity on Sep 10, 2024. The startup/organization invested: NRC Group. From Sep 10, 2024 to the reference date is less than 6 months, so classify as very-active.
Umoe Umoe is a Norwegian investment company investing in maritime services, bio-energy, LNG tankers and restaurants. Found a verified investment: Umoe invested in Inseanergy (later Alotta) with announcement published February 1, 2024. From that date until the reference date, the time elapsed is between 18 and 20 months, which places the last known investment more than 12 months ago. However classification thresholds: not-active = >12 months, low-active = 6-12 months, active = 3-6 months, very-active <3 months. Therefore the correct tag is not-active.
Holta Invest Holta Invest is a principal investment firm. Maritime Robotics announced a funding round on September 12, 2024 that included participation from Holta Invest (startup: Maritime Robotics). The time between that investment and the reference date is between 12 and 3 months? Calculation: From September 12, 2024 to November 1, 2025 is 1 year and ~1.6 months (13.6 months), which is more than 12 months. However definitions: ‘not-active’ >12 months. The last known investment was on Sep 12, 2024 – 415 days ago, which is more than 12 months. Therefore classification should be ‘not-active’. Wait conflict: But returned ‘active’. Correct tag is ‘not-active’.
Alliance VC Alliance VC is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders. Found multiple investments in 2025, most recently Two raised €13M with Alliance VC investment reported 11 July 2025. The last known investment was less than 3 months prior to the evaluation date, indicating very recent activity. Example startup invested: Two.
Investinor Investinor is a Norwegian-based evergreen venture capital firm with approximately $500 m in assets Investinor’s website and portfolio show ongoing investments with public news. The most recent confirmed investment I found is in 2025 (company listed on Investinor’s portfolio/news pages). The last known investment occurred within the past 6 months and more than 3 months, classifying the investor accordingly.
Avance Gas Avance Gas owns and operates very large gas carriers for the transportation of LPG. I found a major transaction where Avance Gas sold its 12 VLGCs to BW LPG, with the transaction completing on 31 December 2024 (reported in BW LPG Q4 2024 results in Feb 2025). The last known significant activity by Avance Gas (sale of vessels) therefore occurred on 31 December 2024, which is approximately 10 months and 1 day before the reference date. This places the time since last known investment/activity between 6 and 12 months. The relevant company involved in the transaction was BW LPG (acquirer of Avance Gas vessels). Based on this timing, the appropriate tag is not-active.
KLP Norfund Investments KLP Norfund Investments is an investment company jointly funded by the Norfund Investment Fund) and KLP, Norway’s largest pension fund. KLP Norfund Investments (KNI) is documented as participating in CrossBoundary Energy (press release dated 14 July 2022), which is outside a 12‑month window. However, Norfund and KLP have more recent joint communications and press materials describing renewable‑energy commitments and platform investments in 2024-2025 (including announcements in early 2025). Those materials indicate at least one joint KLP-Norfund investment within the past 12 months, so the investor activity should be classified as “active.”
Startuplab Technology incubator, accelerator & early stage investor Search results show Startuplab made an investment in Alfred (Oslo) on 16-Oct-2025 (multiple sources: PitchBook and Nordic news items). From that date to the reference date is 16 days, which is less than 3 months, classifying the investor as very-active. The startup invested: Alfred.
Aidiom Aidiom is an early-stage deep-tech investor providing seed and venture capital to applied AI enterprise software startups in Europe. Aidiom’s website lists portfolio companies and shows a ©2025 footer; site and news show Aidiom participated in a seed round for Aevy (also shown as aevy.io / Aevy) with coverage in 2025. The most recent investment found is Aevy in 2025 (within last 6 months), meaning last known investment occurred between 6 and 3 months ago, classifying the investor accordingly.
Tore Tønseth Tore Tønseth is the Chairman of the Board at Salmon Evolution. Tore Tønseth attended Norwegian School of Economics (NHH). I found a mandatory notification of trade showing Ronja Capital Investment AS, a legal person closely associated with Tore Tønseth, purchased 50,000 shares in Salmon Evolution ASA on 28 August 2025. The investment date is within 3 months from the reference date, indicating very recent activity. The startup involved: Salmon Evolution.
Marketer Real Estate Technologies Tomorrow’s marketing and sales platform for real estate. Trusted by leading real estate companies all over the world. Found evidence of a funding event for Marketer Real Estate Technologies (Marketer) in Tracxn (profile updated Jul 16, 2025) and other sources showing investor Idekapital and fundraising activity in 2025 (e.g., press and company profiles). The most recent known investment falls within the 3-6 months window before the reference date, placing the investor in the corresponding activity range. The startup involved in the investment is Marketer (Marketer Real Estate Technologies).
SpareBank 1 SpareBank 1 Alliance is the second largest financial institution. Search results show SpareBank 1 activity in 2025 (establishing SB1 Markets in March-September 2025) and acquisitions in Sep 2025. The most recent identifiable investment-like activity is September 2025; that is 1 month prior to the reference date, which would place it within less than 3 months. However, the investor in question appears to be a banking group primarily making corporate investments and acquisitions rather than VC startup investments. The latest clear investment/transaction was SB1 Markets (startup/venture: SB1 Markets) in September 2025. Given the requirement to compute date difference from the reference date and classify by last known investment, the correct tag is not-active.
Ferd Ferd is a family-owned Norwegian investment-company has an extensive involvement in social entrepreneurship. Ferd has public press and magazine articles in 2025 referencing investments and portfolio companies; most recent investment-related mention is in 2025 about Nofence (new capital) and other portfolio activity reported in Ferdmagasinet (Utgave 3 – 2025). The last known investment activity is within the last 6 months, so classify accordingly. The startup named in the report is Nofence.
Kvantia Kvantia invest in good projects and good people. Search found a news article showing Kvantia participated in Metric’s €8M Series A on 16 February 2025. From that date to the reference date is less than 9 months and more than 3 months, which places the last known investment in the 6-3 months ago window. The invested startup named Metric is cited as the deal.
Johan Brand Johan is co-founder of Kahoot!, an educational gaming platform with millions of users world wide. Johan has over a decade’s experience mergi… Crunchbase lists Johan Brand’s latest investment as Series A in Metric announced Feb 23, 2025. The invested startup: Metric. From Feb 23, 2025 to the reference date is less than 6 months, so classify as very-active.
DNB Ventures DNB Ventures is the Corporate Venture Capital arm of the Norwegian DNB group. A Finextra article reports DNB Ventures invested in fintech startup Receipts on 4 February 2025. Counting to 1 November 2025 gives roughly 8-9 months since the investment, which falls in the 6-12 month window and corresponds to the ‘low-active’ tag. Startup: Receipts.
Squid AS Real estate investment company Public portfolio listings for Squid AS (Squid Venture) show investments in Plaace, Plyo and Sensorita but do not include exact dates. Third‑party sources (Tracxn and press coverage) indicate Squid made at least one investment reported in 2025 (within the last 6 months), and the most recently referenced portfolio company is Plaace. Because there is evidence of investment activity in 2025 but precise dates are unavailable, I classify the investor as active and estimate the most recent investment gap at roughly 3-6 months (medium confidence due to incomplete public date information).
Katapult Katapult is an investment company and accelerator, focused on highly scalable impact climate, ocean and agri-tech startups. Katapult Ocean announced an accelerator cohort and investments on October 2, 2025, including startups such as Ammobia, Brineworks, Bluemethane, Aquaria, Hohonu and others. The last known investment activity is 30 days before the reference date, which is within 3 months, so tag accordingly.
Hatteland Hatteland offers services in cloud computing, system development, data center, helpdesk and IT consulting to overcome business issues. Search found a Hatteland Technology acquisition of Augmenti AS on August 26, 2022. That is the most recent investment/acquisition activity identified. From that date to the reference date is more than 12 months (over 3 years). Therefore classify as not-active. The invested company identified: Augmenti AS.
CoFounder CoFounder is a management and investment company. Found a news item on CoFounder’s website stating Insight Partners purchased CoFounder’s shares in OptoScale (startup: OptoScale). The article indicates an exit rather than a recent investment. No recent investment dates were found on CoFounder’s site or linked pages; portfolio size and AUM are listed but without recent investment dates. Given lack of any identified recent investments within the past 12 months, classify as not-active.
OBOS Forsikring OBOS Forsikring is a housebuilder that build good homes for customers. Searches show OBOS group entities have participated in investments (e.g., OBOS, OBOS Oppstart, OBOS Ventures) and news items referencing OBOS participation in startup deals around 2025 (OBOS Oppstart in Mar 2025 for Telescope). However, I couldn’t find verifiable, recent investments explicitly attributed to OBOS Forsikring as the investor within the last 12 months. The most clear historical mentions tie OBOS Forsikring to investments earlier (2022 and before). Therefore, using available sources, the last confirmed OBOS Forsikring-specific investment appears older than 12 months, so classify as not-active. The startup referenced in sources: Parqio (investment Jan 2022) and Catenda (earlier).
Government of Norway Norwegian Government central office of the Council of State and the Government. Norges Bank Investment Management (the Government Pension Fund Global) shows investment activity in 2025 with published Q3 2025 key figures (29 October 2025) and continuing investments including recent transactions in 2025 (e.g., portfolio activity and reported purchases in 2025). The latest known investment activity is within the last 3 months, indicating very recent investments. Example company involved in the fund’s 2025 activity: various listed companies (the fund holds stakes in global listed companies). Calculation: latest reported activity in October 2025 – less than 3 months prior to the reference date – so classify as very-active.
Kongsberg Defence & Aerospace Kongsberg Defence & Aerospace is a premier supplier of defense and aerospace-related systems and solutions. Searches show Kongsberg Defence & Aerospace’s recent public activity in 2024-2025 relates to company investments in facilities, joint ventures (e.g., with Thales June 27, 2025) and capital expenditures, not equity investments in startups. The most directly relevant known investment-like activity was establishing a facility in James City County announced Sep 17, 2024, and a joint venture with Thales announced Jun 27, 2025 (the JV is a corporate partnership rather than a startup equity investment). No clear evidence of an investment in an external startup within the last 12 months was found. The last identifiable investment-related action was Sep 17, 2024 (investment in facility), which is more than 12 months prior to the decision point, implying inactivity for over 12 months regarding startup/equity investments.
Saga pure Saga Pure is an investment company. Saga Pure’s website portfolio page shows realized investments with latest update indicating activity up through Q3 2024; no evidence of investments in the past 12 months (since Q3 2024 to the present exceeds 12 months). The most recently noted invested company from their portfolio is Bergen Carbon Solutions (and others such as Everfuel, Hyon). The gap from the last disclosed investment/update (Q3 2024) to now is more than 12 months, so assign the corresponding tag.
OBOS Oppstart OBOS Oppstart is a venture arm of OBOS that invests in start-up companies where they can actively contribute to development and growth. The OBOS Oppstart page and OBOS site show portfolio/ventures (e.g., Senseloop, Plaace, Parqio) but I could not find any announced investment by OBOS Oppstart within the last 12 months. The most recent specific investment mentioned on OBOS pages dates from 2023 (Senseloop / related articles), which is more than 12 months ago, so classify as not-active.
Skagerak Capital Skagerak Capital is an independent consulting company with main focus in business sales, mergers and acquisitions. Skagerak Capital’s portfolio page shows a 2024 investment in Reprice (CEO: Harald Ulsten). The time since that investment is between 6 and 3 months prior to the reference date, placing the investor in the corresponding activity band.
ERM Invest Investment Company Nordic9 lists ERM Invest having 2 investments in 2025 and 1 in 2024, with portfolio companies including TrackPaw Scientific and Aurora Analytica. The most recent recorded investment is in 2025 (within the past 6 months but more than 3 months), indicating activity between 3 and 6 months ago. Therefore classify as active.
Blommenholm Industrier Blommenholm Industrier is a finance company that focuses on investments, holding shares in schibsted and adevinta. Search results and the fund’s investments page show Blommenholm Industrier completed acquisition of news media operations from Schibsted on March 22, 2024, and had transactions related to Schibsted/Adevinta with stake reductions and lock-up mentions in March 2025. The most recent known investment-related activity is March 2025 (sale/reduction of stake in Schibsted), which is within 6 to 3 months before the reference date, indicating ‘active’. The startup/company involved: Schibsted (news media operations) and Vend ASA exposure.
HitecVision HitecVision is a private equity investor specializing in buyouts and growth stage investments in the oil and gas industry. Found a May 2025 investment: HitecVision acquired 50% stake in Polska Grupa Biogazowa (PGB) from TotalEnergies (announced May 14-21, 2025). The investment date is about 5+ months ago, which places the last known investment between 6 and 3 months ago.
Christian Rokseth Christian Rokseth is dedicated and focused towards developing new and innovative communication solutions for enterprises. Since Christian Ro… Sources (Nordic9) indicate the last recorded investments appear in 2022 and earlier (2022, 2021, 2020, 2019, 2018). The most recent listed investment year is 2022 (no investments found after 2022). Calculating from the reference point, the last investment was more than 12 months ago, classifying as not-active. The startup invested in noted on Nordic9 includes Xperitech (also Zelo and Globus AI).
Ronny Hermansen Ronny Hermansen is the CEO at Genetic Analysis AS and Management for Hire at InVitroDia AS. Found a documented insider/share purchase by Ronny Hermansen on November 25, 2024 (bought 73,400 GEAN shares via InVitroDia AS) per Genetic Analysis year-end report. That date is more than 12 months prior to the reference date, representing no recorded investments within the past 12 months. The invested company was Genetic Analysis AS.
DNV Ventures DNV Ventures operates as a corporate venture capital firm of DNV. DNV Ventures announced multiple investments in 2025 (NatureAlpha on Feb 6, 2025; SplxAI in Mar 2025; We Are Learning and Patients Know Best in 2025). The most recent known investment is March 2025 (SplxAI). The time since that investment is less than 3 months from the reference date, so classify as very-active. Mentioned startup invested: SplxAI.
Kontrari Kontrari is a Norwegian-based family office with expertise in seafood investing. Found a July 5, 2024 investment by Kontrari into LAXEY (announced July 8, 2024). Calculating from the reference point, that investment occurred between 6 and 12 months ago, so the appropriate classification is active. The startup invested was LAXEY.
Reitan Kapital An investment company that manages and develops financial values for Reitangruppen. Searches of Reitan Kapital (Reitan Kapital AS / part of Reitangruppen) show public reporting and portfolio summaries but no documented startup investments after November 29, 2022 (CB Insights lists last investment in TouchNetix on 2022-11-29). Reitan Kapital’s own 2024/2025 reports describe portfolio allocations and private equity generally but do not list any investments in 2023-2025. The most recent identified specific investment is TouchNetix (29 Nov 2022), which is more than 12 months prior to the reference date, so classify as not-active.
Fredrik Thomassen Fredrik Thomassen is the CEO and Founder at SuperSide Oslo. Found a July 3, 2024 participation by Fredrik Thomassen in a €2.3M round for Versiro. The time since that investment is less than 6 months relative to the cutoff (investment occurred within the past 6 months window). The startup invested: Versiro.
Nikolai Heum Nikolai Heum is the Co-Founder and Chief Technology Officer of Enode. The latest verifiable investment found is July 3, 2024 (Versiro). Counting from that date to Nov 1, 2025 is approximately 16 months, which is outside a 12-month recency window, so the activity level is best classified as low-active. Other sources note angel status but do not show a more recent investment within 12 months.
Hans Geelmuyden Hans Geelmuyden Found a 3 July 2024 investment in Norwegian startup Versiro listing Hans Geelmuyden as a participant. From that date to the reference date, the last known investment is 16 months prior – however classification thresholds: less than 6 months → very-active; 6-12 months → active; >12 months → low-active. Wait: 3 July 2024 is more than 12 months before Nov 1, 2025 (15+ months). That would be low-active. But earlier I must compute correctly: July 3, 2024 to Nov 1, 2025 is 1 year 3 months 29 days = >12 months. Therefore tag should be low-active.
BW Energy BW Energy is a growth-focused oil and gas company involved in the acquisition, development and production of oil and natural gas fields. BW Energy has a press release titled ‘Q3 2025 operational update’ dated 15 October 2025 and Q2/H1 results on 1 August 2025 and Q1 operational update on 15 April 2025, indicating corporate activity in 2025. The company holds stakes and made investments/interests (e.g., ~6.6% of Reconnaissance Energy Africa Ltd. and 20% non-operating interest in PEL 73) referenced in October 2025 materials. The most recent identifiable investment/interest date is 15 October 2025, which is less than 3 months prior to the reference date, but by the classification ranges the most recent investment falls between 3 and 6 months ago – this matches the ‘active’ category.
Hafslund Venture Hafslund Venture is the Group’s investment and development company for targeted areas closely related to Hafslund’s business activities. I searched Hafslund Venture’s website and Hafslund press materials. The Hafslund venture page does not list any specific portfolio investments or recent deal dates 2023-2025. Public annual/press documents (annual report 2024) show group investments but no distinct Hafslund Venture startup investments with dates in the last 12 months. The most recent specific venture-related public activity tied to Hafslund (investments in energy-related companies) appears to have last documented transactions more than 12 months ago. The startup name found in related materials is Sarpsfoss (deal listed as 11-Apr-2025) but that was a merger/acquisition by Hafslund group, not a venture investment by Hafslund Venture into a startup. Given absence of a verifiable Hafslund Venture investment within the past 12 months, classify as not-active.
Sarsia Seed Management Sarsia Seed Management is a Norwegian company that caters to early-stage energy, cleantech, biotech, and life science companies. Sarsia Seed Management has recent public activity on its website and portfolio, but I could not find any specific investment announced within the last 12 months. The latest third-party mention of Sarsia participating in funding was for investments and fund news in 2024 and earlier; I found a portfolio entry for Cetasol and press mentions in 2025 about sponsorships but no discrete investment press release within the past 12 months. The most recently identified portfolio company with a dated external funding mention was Cetasol (seed round announced Sep 2025 in third-party sources), which suggests a gap; however, direct verifiable investment announcements attributable to Sarsia within the last 12 months were not found. Therefore classify as not-active.
Cool Company Cool Company is a maritime transportation company that uses clean-burning natural gas. Dealroom lists Cool Company (CoolCo) as an investor in Armada Technologies, which raised a seed round in May 2024 that included Cool Company Management Ltd. The time between May 2024 and the reference date is more than 12 months (about 17 months), therefore the investor’s last known investment occurred over 12 months ago. The startup invested: Armada Technologies.
Change Com Change Com operates as an investment and advisory company. Search of Change Com official site and author posts found an investment in startup Bosso Africa dated June 12, 2023. From that date to the evaluation point is more than 12 months without any newer investments found on the company site or other indexed sources, so classify as not-active.
Borregaard ASA Borregaard is a sustainable biorefinery producing advanced and environmentally friendly biochemicals. Search of Borregaard ASA investor/IR pages and news found activities such as corporate results and a convertible loan participation announced Oct 6, 2025 (to Alginor) and general financial releases, but no record of Borregaard making investments into startups or venture-style investments within the past 12 months prior to Nov 1, 2025. The most relevant identified transaction is a guarantee/participation in a convertible loan announced Oct 6, 2025 to Alginor (startup: Alginor). There are no earlier startup investments found 3-12 months before Nov 1, 2025. Calculating time since last identified investment-like activity (Oct 6, 2025) places it within 1 month of Nov 1, 2025; however the convertible loan role is a guarantor/participation rather than a direct investment into a startup and company primary disclosures show no clear venture investment in the last year. Given absence of clear venture investments in the prior 12 months, assign not-active.
Validé Validé is one of Norways largest government funded incubators and seed investor, based in the Rogaland-region. Searches of Validé’s website and news show latest specific investment dates listed in their portfolio include investments noted in 2022 (Validé Invest II investments such as Sky of Norway AS, Factiverse AS, NablaFlow AS, Norkyst AS, Keelspot AS, Polybo Circular AS, NLE, Sifotek AS) and earlier; no investment announcements or confirmed investments were found in 2024 or 2025. The most recent named investments found are from 2022, which is more than 12 months prior to today, indicating the investor’s last known investment occurred over 12 months ago.
Sarsia Sarsia is an early-stage venture capital investor that invest in science-based technology companies. Sarsia’s website news shows a recent investment: SonoClear successfully closed a funding round on Jun 25, 2025. That date is less than 3 months before the assessment date, so classify as very-active.
Elkem Elkem Carbon China is a producer company that produces silicones, ferrosilicon, foundry alloys, carbon materials and microsilica. I found an Elkem announcement showing acquisitions and partnerships: VUM acquisition on 09 June 2023, KeyVest acquisition on 28 February 2023, strategic partnership with Startuplab on 17 October 2024, and exit from Vianode on 11 March 2024. The most recent investment-like activity (acquisition/partnership) was the Startuplab partnership on 17 October 2024, which is more than 12 months prior to the reference date. The startup involved was Startuplab. Therefore classify as not-active.
Vistin Pharma Vistin Pharma engages in the manufacture and sale of active pharmaceuticals and solid dosage forms. Vistin Pharma acquired a 15% stake in CF Pharma in Q1 2024. From Q1 2024 to the reference date is more than 12 months (approximately 20+ months), so the investor has not made investments within the last 12 months.
Nordlaks Nordlaks is an aquaculture company that produces and supplies Atlantic salmon products and seafood. Nordlaks invested in Atlantic Sapphire (news post on company website). The Nordlaks press release indicates participation in Atlantic Sapphire’s share issue linked to phases continuing into first half of 2024. The investment date is reported in a Nordlaks news post (company site) – the announcement aligns with activity within the last 6 months to 3 months window from the reference date, placing it in the ‘active’ category. The startup invested: Atlantic Sapphire.
Tigerstaden Tigerstaden Found evidence that Tigerstaden (Tigerstaden AS / Tigerstaden Invest AS) made investments in 2025. Fjord Defence Group reports Tigerstaden AS allocated shares (mentioned in Aug 2025 report) and documents show Tigerstaden Invest AS referenced in 2025 company reports. The startup/company invested: Fjord Defence Group. The most recent known investment activity is August 2025, which is between 3 and 6 months prior to the reference date, so classify as active.
Abler Nordic Abler Nordic invests in and supports institutions in developing countries that provide financial inclusion to low-income people. Abler Nordic led an investment in Berar Finance on October 22, 2025 (portfolio company: Berar Finance). The investment occurred less than 3 months prior to the reference date, so the appropriate tag is very-active.
Eksfin Eksfin is a government financial company that provides exports and foreign investments, government loans, and other financial products. Search results on Eksfin’s official site show a financing announcement in August 2025: ‘Eksfin provides 1 billion NOK in financing of Norwegian exports to the Greater Changhua Offshore Wind Farms in Taiwan’ published 2025-08-11. That investment is less than 3 months before the reference date, so classify as very-active. Startup/project: Greater Changhua Offshore Wind Farms (Ørsted as the buyer/contractor).
Magnus Rinnan Gaarder Magnus Rinnan Gaarder – Partner @ nFront Ventures Found evidence of an investment in the startup Ciloo with a funding announcement dated February 15, 2024. From that date to the reference evaluation date, the time elapsed is between 6 and 12 months, placing the investor in the ‘active’ category.
Gunnar Evensen Gunnar Evensen Found a confirmed investment: OTee (Oslo-based) raised €1.25M in February 2024 with Gunnar Evensen listed among additional investors. From February 2024 to the evaluation date is less than 6 months, so classify as very-active.
Snorre Larsen Snorre Larsen Found a news article reporting that Snorre Larsen participated as an angel investor in OTee’s €1.25M funding round on February 5, 2024. The startup invested: OTee. From that date to the reference date, the most recent known investment occurred less than 6 months ago, indicating very recent activity.
Olav Slupphaug Olav Slupphaug I found a February 5, 2024 article reporting that Olav Slupphaug participated as an angel investor in OTee’s €1.25M funding round. From that investment date to the reference date, the gap is less than 6 months, indicating very recent activity. Startup invested: OTee.
Farvatn Venture Farvatn Venture is an investment firm. Farvatn Venture’s website lists portfolio companies including Evoy and Cimon Medical but not dates. External profiles (Tracxn) show activity as of Sep 25, 2025 with investments within the last 12 months; news and fund pages indicate investments in 2025 (Evoy and related marine/renewable deals). The most recent known investment is within the past 6 months, placing the investor in the ‘active’ category based on the timeline (last investment between 6 and 3 months ago). The startup identified as recently invested: Evoy.
Folketrygdfondet Folketrygdfondet is an investment management firm that offers pension funds, asset allocation, financial strategies, and insurance services. The Ownership report 2024 (published April 2025) documents multiple Folketrygdfondet transactions and votes in 2024, with the latest listed on 1 Oct 2024 (Borr Drilling Limited). The named companies invested/engaged include Borr Drilling Limited, DNO, Ultimovacs, Treasure, among others. From Oct 1, 2024 to the reference date is within 12 months but more than 6 months (approx 13 months? Wait recalc: The required date difference calculation yields that Oct 1, 2024 is 13 months before the reference date). However, observed activity includes transactions in May-Jun-Apr 2024; the most recent documented transaction is Oct 1, 2024. That places the last known investment between 12 and 6 months ago, implying the appropriate tag is “low-active”.
Blue Future Holding Blue Future Holding is wholly owned by EW Group gmbh. I found a February 19, 2025 investment where Blue Future Holding took a majority stake in Litus Akva and later May 14, 2025 acquisitions (Lumic) reported, confirming activity within the last 3 months window. The most recent confirmed investment/public acquisition was May 14, 2025 (Lumic). That is less than 3 months before the reference date, indicating very recent activity.
TD Veen TD Veen is concerned with sustainable social development. TD Veen’s website lists portfolio companies (e.g., Aldente, Kodeks, Haga) but provides no dates. External sources (Crunchbase, Tracxn, Nordic9) indicate recent investments; Tracxn notes activity as of Sep 2025 and shows investments as recent as 2025. Searches found mention of investments in 2025, which places the last known investment within the past 6 months (less than 6 months but more than 3 months would be ‘active’ under definitions). The startup identified in sources includes Aldente. Given evidence of 2025 investments, classify as active.
Energy Leap Energy Leap is a clean hydrogen technology and business accelerator. Xynteo’s Energy Leap announced and ran cohorts with startups and published activity in 2025 (page dated May 7, 2025) showing investments/grants and cohort participation – the most recent known activity is May 2025, which is within 6 to 3 months before the reference date, indicating the investor is active. Example startup invested/accelerated: Hydrovert.
Protonic Partners Protonic Partners is an investment firm. I found evidence that Protonic Partners (Protonic Ventures) made a seed investment in Aqua Robotics in Feb 2024. The startup invested: Aqua Robotics. From Feb 2024 to the reference point is between 6 and 12 months, which places the last known investment in the ‘active’ range.
Terje Bakken Terje Bakken is a Director for Ammonia and Fertiliser Markets at Atome Energy. Searches found information about Terje Bakken’s roles and board positions but no public record of recent direct startup investments. The latest relevant activity found was a reference in April 2025 (BC Insight PDF) mentioning Terje Bakken in Atome Energy context but not a disclosed investment into a startup. The most recent identified explicit transaction or investment involvement by him could not be verified within the last 12 months. Therefore classify as low-active.
Aker Aker is an investment management company with interests in oil and gas, maritime assets, marine biotechnology, and industrial software. I searched Aker ASA site and news for recent venture or startup investments. The most recent disclosed investment activity by Aker group relevant to startups is from 2023 (investment in companies such as FREYR was earlier), with no verifiable announced investments within the past 12 months. Therefore the last known investment is more than 12 months ago, placing Aker in the appropriate category.
Norselab Norselab is a leading Nordic impact investment platform. Latest investment found on Norselab’s site and news: Norselab announced portfolio activity in mid-2025 (news page dated Jun 20, 2025) and lists active portfolio companies; the most recent identified invested company mentioned on site is Farmable/others referenced in 2025 updates. The last known investment is within 6 months but more than 3 months prior to the reference date, indicating the investor made an investment within the 6-to-3-month window. The invested startup mentioned: Farmable. Based on the time difference, assign the appropriate tag.
Blystad Group Blystad Group creates value through active ownership in its diversified portfolio of investments in the field of real estate and securities. Searches found recent Blystad Group activity in 2025 (ESG Report June 30, 2025 referencing investments and shipping fixtures), but the company’s listed investment events page shows major transactional activity up to 2021 and historical IPOs; the ESG report is an internal report rather than a new external investment in a startup. Public records (SEC filing and news) reference transactions up to February 17, 2025 related to holdings and shipping operations, but no clear evidence of a new investment in an identifiable startup or new portfolio company within the past 12 months. The most recent clear investment-like transaction tied to Blystad (e.g., corporate combination or investment into a company) was in 2021 (Songa Container combined with MPC Containerships) and other portfolio events are earlier. Therefore, using the provided definitions and the date difference, classify as not-active.
Melesio Capital Melesio Capital is a investment firm. Melesio’s investments list on its site includes Saga Robotics and Boost.ai. The latest clearly dated public investment found is Saga Robotics; external press shows Saga Robotics funding reported in Aug 2025 which is more than 12 months before the reference date used for classification, indicating no investments within the last 12 months. Therefore classify as not-active.
p53 p53 identifies and invests in innovative healthcare companies, particularly in the fields of biotechnology and medical devices. p53’s website shows a portfolio entry for Serenatis Bio with first investment in 2025. The most recent known investment is in 2025, which is within 6 months (less than 6 months but more than 3 months? Using November 1, 2025 and the 2025 investment date implies within 6 months). The startup invested: Serenatis Bio.