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ProVenture Management

Founders Hans Olav Torsen Herbju00f8rn Skjervold

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 39
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 31
Rounds per year 2.17
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 8
Key employees 5
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Oil and Gas
  • Information Technology
  • Manufacturing
  • Energy
Summary

ProVenture Management appeared to be the VC, which was created in 2005. The venture was found in Europe in Norway. The leading representative office of defined VC is situated in the Trondheim.

The usual cause for the fund is to invest in rounds with 1-2 partakers. Despite the ProVenture Management, startups are often financed by Investinor, Equinor, Energy Capital Partners. The meaningful sponsors for the fund in investment in the same round are Investinor, SINTEF TTO & Venture, Equinor. In the next rounds fund is usually obtained by Investinor, Equinor, Verdane.

The fund was created by Hans Olav Torsen, Herbju00f8rn Skjervold. We also calculated 5 valuable employees in our database.

The high activity for fund was in 2007. Despite it in 2019 the fund had an activity. This ProVenture Management works on 1 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2016. The real fund results show that this VC is 52 percentage points more often commits exit comparing to other companies. Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in 2-6 deals per year.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most successful fund investment fields, there are Energy, Service Industry. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Norway. Among the most popular portfolio startups of the fund, we may highlight Encap, Numascale, Verdande Technology.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

The Human Touch Robotics

Artificial Intelligence
Industrial Automation
Robotics
Software
$2M11 Jan 2024 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
23 May 2023 Stavanger, Rogaland, Norway

Relynk

Commercial Real Estate
Data Integration
Property Management
Software
$583K26 Apr 2023 Oslo, Norway

Wanda.space

Logistics
Real Estate
Transportation
$7M01 May 2022 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
$1M04 Feb 2021 Stavanger, Rogaland, Norway

Cimon Medical

Biotechnology
Medical Device
$6M11 Dec 2020 Trondheim, Trøndelag, Norway

My Voice

Information Technology
Software
Telecommunications
$3M02 Oct 2020 London, England, United Kingdom

Wanda.space

Logistics
Real Estate
Transportation
$4M15 Aug 2020 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
$1M29 May 2020 Stavanger, Rogaland, Norway

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Total investments 39
Average round size 1M
Rounds per year 2.17
Peak activity year 2007
Lead investments 21
Follow on index 0.21
Exits 8
Group Appearance index 0.49

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

The Human Touch Robotics

Artificial Intelligence
Industrial Automation
Robotics
Software
$2M11 Jan 2024 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
23 May 2023 Stavanger, Rogaland, Norway

Relynk

Commercial Real Estate
Data Integration
Property Management
Software
$583K26 Apr 2023 Oslo, Norway

Wanda.space

Logistics
Real Estate
Transportation
$7M01 May 2022 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
$1M04 Feb 2021 Stavanger, Rogaland, Norway

Cimon Medical

Biotechnology
Medical Device
$6M11 Dec 2020 Trondheim, Trøndelag, Norway

My Voice

Information Technology
Software
Telecommunications
$3M02 Oct 2020 London, England, United Kingdom

Wanda.space

Logistics
Real Estate
Transportation
$4M15 Aug 2020 Oslo, Norway

InfoTiles

Analytics
Data Integration
SaaS
Smart Cities
Water
$1M29 May 2020 Stavanger, Rogaland, Norway
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