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. His primary areas of focus are sensor technology, AI and B2B SaaS . His portfolio includes Tunable, OptoScale, Vixel, Semine, Fonn, Vilmer, Kairos, InlineX and Effera. Terje holds a PhD in Venture Capital Governance from Ind.øk. NTNU and an MSc in Engineering from NTNU/ETH Zürich
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 B2B SaaS companies, across multiple sectors. Andreas' current portfolio includes Decisions, Vixel, OptoScale, Checkin, ShiftX, Labrador CMS, VesselMan, Appsens and Sharebox. 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.
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
Karoline Hegreberg Yuzer
Finance & Compliance Analyst
karoline@skagerakcapital.com+47 950 79 879LinkedIn
Erik is a partner of Skagerak Capital and leads the regional funds. His primary focus areas are industrial IT and cleantech. Erik's current portfolio includes Skandia Green Power and Effera, and holds several active board seats within Skagerak’s portfolio.
Benedicte leads digital marketing efforts at Skagerak Capital, having joined the team in February 2021. Based in our Kristiansand office, she possesses a rich background in supporting early-stage tech companies. Her diverse experience includes roles at Norselab, Norse Digital, and the Nordic Innovation House in Silicon Valley
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.
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.
Endre Krogsrud
Investment Manager First Seed
endre@skagerakcapital.com+47 959 81 383LinkedIn
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
Partner
terje@skagerakcapital.com
+47 938 00 476
LinkedIn
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Terje Berg-Utby joined Skagerak in 2006. His primary areas of focus are sensor technology, AI and B2B SaaS . His portfolio includes Tunable, OptoScale, Vixel, Semine, Fonn, Vilmer, Kairos, InlineX and Effera. Terje holds a PhD in Venture Capital Governance from Ind.øk. NTNU and an MSc in Engineering from NTNU/ETH Zürich
Tone Kvåle
Investment Manager
tone@skagerakcapital.com
+47 918 69 171
LinkedIn
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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 Eskeland
Partner
andreas@skagerakcapital.com
+47 916 12 695
LinkedIn
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Andreas joined Skagerak Capital in 2016. He focuses on B2B SaaS companies, across multiple sectors. Andreas' current portfolio includes Decisions, Vixel, OptoScale, Checkin, ShiftX, Labrador CMS, VesselMan, Appsens and Sharebox. 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.
Espen Kjeldsen
Partner
espen@skagerakcapital.com
+47 415 21 654
LinkedIn
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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 Hegreberg Yuzer
Finance & Compliance Analyst
karoline@skagerakcapital.com
+47 950 79 879
LinkedIn
Read more
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
Erik Edvard Tønnesen
Partner
erik@skagerakcapital.com
+47 908 81 948
LinkedIn
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Erik is a partner of Skagerak Capital and leads the regional funds. His primary focus areas are industrial IT and cleantech. Erik's current portfolio includes Skandia Green Power and Effera, and holds several active board seats within Skagerak’s portfolio.
Benedicte Brøvig
Digital Marketer
benedicte@skagerakcapital.com
+47 950 76 074
LinkedIn
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Benedicte leads digital marketing efforts at Skagerak Capital, having joined the team in February 2021. Based in our Kristiansand office, she possesses a rich background in supporting early-stage tech companies. Her diverse experience includes roles at Norselab, Norse Digital, and the Nordic Innovation House in Silicon Valley
André Berg Edvardsen
Partner
andre@skagerakcapital.com
+47 971 77 779
LinkedIn
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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.
Endre Krogsrud
Investment Manager First Seed
endre@skagerakcapital.com
+47 959 81 383
LinkedIn
Read more
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 Skeie
Partner
trym@skagerakcapital.com
LinkedIn
Read more
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.