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Skagerak Capital's regional fund Friar Venture, has achieved significant impact in just 18 months by investing in five promising local companies from Telemark and Vestfold. The fund has assessed over 120 companies, facilitating investments totaling 116 million NOK (91 million NOK equity), generating an 8.6x leverage effect on each krone invested.

After 3.5 years as active owners and board participants in OptoScale, we are proud to see OptoScale take its next step in scaling internationally under new ownership. Global software investor Insight Partners are investing the company, acquiring all Skagerak Capital shares.

Skagerak Capital is thrilled to announce the successful exit of VesselMan, a leading maritime software provider, through its acquisition by Marcura. This milestone marks Skagerak Capital’s fourth exit in 2024, underscoring our commitment to nurturing innovative climate tech and AI companies within B2B SaaS and delivering impactful results that drive sustainable growth.

Tunable was recently featured on PBS NOVA, America’s most popular science program with over 5 million weekly viewers. The episode showcased Tunable’s groundbreaking innovation—a machine olfaction device (commonly called an "electronic nose")—that has the potential to revolutionize food quality control and reduce global food waste.

Skagerak Capital recently held a comprehensive Environmental, Social, and Governance (ESG) workshop, gathering representatives from its portfolio companies and the boards of its funds. The workshop aimed to foster knowledge-sharing, enhance sustainability practices, and equip participants with actionable insights for advancing their ESG strategies.

1X Technologies, aleading innovator in humanoid robotics, has been making remarkable progress, further cementing its position as a pioneer in the field. With groundbreaking product launches and a strong presence at industry events, the company is taking significant strides toward integrating advanced robotics into everyday life.

We are excited to share that for the second year in a row, four Skagerak Capital portfolio companies have earned spots on Deloitte’s Technology Fast 50 Norway list. This annual ranking celebrates Norway's fastest-growing tech companies, based on outstanding revenue growth over the last four years.

Ever wondered about the carbon footprint of an event? Carbon Centrum used the opportunity, when hosting an event with Impact StartUp Norge at Oslo Innovation Week, to answer this question.

At Arendalsuka 2024, our session on regional funds discussed the role these funds play in fostering local value creation across Norway. The event, hosted by Sparebanken Sør, brought together key figures in the industry to discuss how regional investment strategies can be optimized to support economic growth in less urbanized areas. 

Skagerak Capital is successfully exiting portfolio company, Sharebox. This exit underscores our commitment to building robust growth companies that achieve international success and delivering returns for our investors. Leif Arne Dalane, CTO and co-founder of Sharebox, highlights the advantage of having a leading investor like Skagerak Capital onboard, who has been part of many growth journeys before. "We have had a close and productive collaboration with Skagerak Capital and Andreas both as an investor and Chair of the Board", says CEO and founder Arne Eivind Andersen.

Friar Venture, our regional venture fund in Telemark and Vestfold, has hit the ground running in its first six months. The fund is experiencing strong deal flow, showcasing the incredible innovation happening within the region. We're thrilled to announce that Friar Venture has already made three exciting investments so far

We are excited to host two engaging events on August 15th 2024 at Arendalsuka. We invite you to join us for inspiring discussions that will shed light on important topics in investment and local value creation

New investment that reflects Skagerak Capital’s commitment to fostering innovation in sectors that have a significant environmental impact

With a focus on reducing CO2 emissions and enhancing sustainability, Opt-E has emerged as an innovative provider of energy-saving solutions across diverse sectors. Since its inception, Opt-E has empowered its customers to achieve remarkable results in energy conservation.

At Slush’d Energy, a gathering of leading founders, leaders, investors, and companies who are committed to accelerating the transition to cleaner, more sustainable future, Skagerak Capital hosted an investor lounge. More than 50 % of Skagerak Capital's portfolio companies contribute to CO2 reduction efforts, yielding significant annual CO2 savings.

In the realm of construction and industrial innovation, Vixel stands out as an innovative provider of VR solutions, transforming the way projects are envisioned and executed. The impact of Vixel's solution extends far beyond mere efficiency gains, with customers realizing substantial cost savings and CO2 emission reductions.

Friar Venture is an investment fund to accelerate growth in tech companies in Telemark and Vestfold. The investment mandate is flexible in terms of company size, technology and industry. The establishment of the fund represents an important step in strengthening innovation and ventures in Telemark and Vestfold.

André has been a cornerstone of Skagerak Capital for close to 20 years, specializing in venture capital investments within the B2B SaaS sector. André has led multiple investment rounds and successfully orchestrated numerous exits for portfolio companies.‍

AppSens has launched a wireless sensor that detects atrial fibrillation and other heart arrhythmias in real-time. Easy to use and powered by advanced algorithms and AI, it offers up to two weeks of continuous monitoring. With growing global adoption, AppSens is setting new standards in cardiac care technology.

1X (formerly Halodi Robotics) stands out in our portfolio. We believe in their mission to reshape robotics and AI. Their unique ability to generate data, anticipate future needs, and prioritize safety makes them a transformative force. As they venture into security and explore various sectors, 1X's vision isn't about replacing humans but enhancing our lives.

Tunable has introduced a "digital nose" to monitor marine emissions. This tool utilizes optical techniques to identify and quantify gases, showing potential in areas from dairy product freshness checks to meeting the EU's marine emission standards. With its ability to examine molecules in fumes, Tunable offers insights for both environmental understanding and practical applications like food waste reduction.

Labrador CMS integrates AI to aid journalists in crafting compelling headlines and streamlining content creation. With tools for text refinement and data privacy assurances, Labrador balances tech advancements with journalistic integrity.

Introducing Karoline Hegreberg Yuzer; Strengthening our Financial Expertise at Skagerak Capital! 👋We're thrilled to introduce Karoline, our latest team member who joins us as a Finance and Compliance Analyst. With her proficiency in financial management and compliance, Karoline is poised to contribute significantly to our mission.

We got featured in Finansavisen, sharing the success of our regional funds and Venture Fund! 🚀 With 1,200 MNOK in assets under management, mainly invested in B2B software and AI, we are committed to supporting great entrepreneurs and company builders of the future.

Since 2006, our AI investments have grown significantly. Decisions is a standout. Their AI-powered meeting management, integrated with Microsoft tools, has streamlined our work. Using Decisions since 2018, we've witnessed meetings become more efficient thanks to their AI assistant, transcription, and agenda generation.

Discover how Semine's AI-driven approach revolutionizes invoice automation with precise, transparent, and time-saving systems. Achieving an impressive 97% automation rate, Semine's AI models seamlessly integrate with ERP systems for rapid invoice processing. Their commitment to transparency and explainable AI builds trust, empowering businesses with enhanced efficiency and valuable insights.

OptoScale uses AI and machine learning to monitor fish weight, welfare, and lice status in real-time, providing fish farmers with accurate data. The system has replaced traditional, labor-intensive methods, improving the efficiency and profitability of fish farming while ensuring fish welfare.

At Skagerak Capital we have been investing in AI-enabled SaaS solutions for years, recognizing the technology's potential to revolutionize industries and enhance customer experiences. Around half of the growing tech companies in our portfolio leverage AI to provide more efficient, automated, precise, and personalized solutions.

The Norwegian robotics startup, 1X Technologies, has raised $50 million in a Series A funding round led by Tiger Global. Other notable investors in the round include OpenAI, Sandwater, and Skagerak Capital. The company is developing advanced humanoid robots for industrial and commercial use cases, and plans to use the funds to expand its team and accelerate the development of its technology.

Our participation in the latest fundraising round has resulted in an additional 16 million Norwegian kroner being raised, further solidifying our belief in the company's potential for success.

Our portfolio company Tunable leads the way with compact sensors

We made several significant accomplishments that we are proud to share

The market leader in Norway is looking to take on new international markets and has appointed a new head to lead the company in this expansion.

While we will greatly miss Erik's leadership in this position, we are fortunate that he will continue to be actively involved in the company and our regional funds

The all-in-one Content Management System (CMS) for creating and publishing great-looking digital publications and magazines

For being recognized as Innovator of the year in the startup category by Dagens Næringsliv.

Check out our new portfolio company

The company raised 64MNOK

VilMer contributing to an important debate

Read about our investment in Ignite Procurement

Our portfolio companies are featured in Dagens Næringsliv

Exiting times ahead

Excited to be a part of the journey!

Our portfolio company VilMer is featured in Dagens Næringsliv.

We are excited to announce we have raised a new fund that will contribute to growth and increased innovation pace in Agder!

As the Covid restrictions eased we were able to throw our annual summer party with our portfolio companies and investors. We had a fantastic day in Mandal with sports activities, great food and amazing people.

Jan Tore Sanner delte at beskatningen av aksjeopsjonene vil bli endret slik at selskaper i tidlig fase kan bruke aksjeopsjoner og ivesteringsprogrammer som en del av kompensasjonen for tidlig ansatte.

– Om ikke kommunene så behovet før, ser de et skrikende behov nå, sier salgssjef Marthe Dyrud i VilMer. Nå har oppstartsselskapet fått med seg techtungvektere på eiersiden.