We are a curious bunch of people with experience from a wide range of industries
Meet the team
Terje Berg-Utby joined Skagerak in 2006, where he primarily focuses on AI and climate technology. He brings extensive experience in scaling companies that integrate both software and hardware. Before his time at Skagerak, Terje earned a PhD in Venture Capital Governance from the Department of Industrial Economics at NTNU and completed a Master’s in Engineering from NTNU and ETH Zürich. More recently, he finished an executive master’s in portfolio risk in venture capital and spent a semester as a visiting fellow at MIT Sloan.
Tone Kvåle serves as an investment manager at Skagerak Capital, joining the team in 2020. She operates from our Kristiansand office and is also responsible for Agder Seed. Before her role at Skagerak Capital, Tone honed her skills in management consulting at PwC. Her areas of expertise include sustainability strategies, reporting, digitalization, and test management.
Andreas joined Skagerak Capital in 2016. He focuses on AI and climate tech. In particular companies that leverage AI to improve their offerings significantly and have substantially net positive climate impact, highly correlated with customer value. Prior to joining Skagerak Capital, Andreas worked as a management consultant at EY. He also has hands-on experience from tech startups/scaleups in Norway and Silicon Valley. Andreas works on new investments, business development, internationalization and M&A.
André joined Skagerak in 2007 and has extensive transaction experience within venture. He is hands-on in the active ownership of the portefolio currently with eight active board seats within Skagerak’s SaaS portefolio. André has experience as a CFO in scaleup/growth within education and has also worked as a Financial Analyst in the shipping industry.
Espen joined the VC business in 2005 and Skagerak Capital in 2016 and has been working with a hands on approach for 18 years focusing on industrial and technological companies. His portfolio includes 1X Technologies, Labrador, Swipload, Inline-Test, Trysil RMM and FeltGis. Espen is a partner located in Skien and he is actively involved in Venture as well as regional funds, new investments, business development, M&A and follow-up portfolio companies.
Karoline joined Skagerak Capital in August 2023 as our Finance and Compliance Analyst. Her role is crucial in aligning financial operations with regulatory standards and driving strategic financial decisions. With prior experience at KLP and Folkeinvest, she brings substantial expertise. Karoline operates from both our Oslo and Kristiansand office
Endre joined the Skagerak Capital team in 2019. His primary areas of experience and expertise is within renewable energy technology and IT software solutions in digitalization and business development. His prior investments are among others Solibro/Q-cells, WindSim, 1881, Hydra Tidal, LingIT and SiPro. Endre is investment manager for the First:Seed fund and located in Hamar.
Trym co-founded Skagerak Capital in 2006. His primary focus areas are enabling technologies within the energy value chain as well as the digitalization process in different industries. His prior investments are among others Presens, Ufis Airport Solutions, Wellquip and Numo Mobile Solutions. Trym is located in Oslo. His focus is to follow up new investments within his skills domain.
Terje Berg-Utby joined Skagerak in 2006, where he primarily focuses on AI and climate technology. He brings extensive experience in scaling companies that integrate both software and hardware. Before his time at Skagerak, Terje earned a PhD in Venture Capital Governance from the Department of Industrial Economics at NTNU and completed a Master’s in Engineering from NTNU and ETH Zürich. More recently, he finished an executive master’s in portfolio risk in venture capital and spent a semester as a visiting fellow at MIT Sloan.
Tone Kvåle serves as an investment manager at Skagerak Capital, joining the team in 2020. She operates from our Kristiansand office and is also responsible for Agder Seed. Before her role at Skagerak Capital, Tone honed her skills in management consulting at PwC. Her areas of expertise include sustainability strategies, reporting, digitalization, and test management.
Andreas joined Skagerak Capital in 2016. He focuses on AI and climate tech. In particular companies that leverage AI to improve their offerings significantly and have substantially net positive climate impact, highly correlated with customer value. Prior to joining Skagerak Capital, Andreas worked as a management consultant at EY. He also has hands-on experience from tech startups/scaleups in Norway and Silicon Valley. Andreas works on new investments, business development, internationalization and M&A.
André joined Skagerak in 2007 and has extensive transaction experience within venture. He is hands-on in the active ownership of the portefolio currently with eight active board seats within Skagerak’s SaaS portefolio. André has experience as a CFO in scaleup/growth within education and has also worked as a Financial Analyst in the shipping industry.
Espen joined the VC business in 2005 and Skagerak Capital in 2016 and has been working with a hands on approach for 18 years focusing on industrial and technological companies. His portfolio includes 1X Technologies, Labrador, Swipload, Inline-Test, Trysil RMM and FeltGis. Espen is a partner located in Skien and he is actively involved in Venture as well as regional funds, new investments, business development, M&A and follow-up portfolio companies.
Karoline joined Skagerak Capital in August 2023 as our Finance and Compliance Analyst. Her role is crucial in aligning financial operations with regulatory standards and driving strategic financial decisions. With prior experience at KLP and Folkeinvest, she brings substantial expertise. Karoline operates from both our Oslo and Kristiansand office
Endre joined the Skagerak Capital team in 2019. His primary areas of experience and expertise is within renewable energy technology and IT software solutions in digitalization and business development. His prior investments are among others Solibro/Q-cells, WindSim, 1881, Hydra Tidal, LingIT and SiPro. Endre is investment manager for the First:Seed fund and located in Hamar.
Trym co-founded Skagerak Capital in 2006. His primary focus areas are enabling technologies within the energy value chain as well as the digitalization process in different industries. His prior investments are among others Presens, Ufis Airport Solutions, Wellquip and Numo Mobile Solutions. Trym is located in Oslo. His focus is to follow up new investments within his skills domain.
