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HitecVision

Investor type Private Equity Firm
Founders Erik Langaker Ola Su00e6tre Ole Ertvaag

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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.
Total investments 11
Average round size
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The average size of a deal this fund participated in
$30M
Portfolio companies 11
Rounds per year 0.31
Lead investments 7
Exits 6
Key employees 26
Stages of investment
Early Stage Venture

Areas of investment

  • Oil and Gas
  • Energy
  • Construction
  • Telecommunications
  • Public Relations
Summary

HitecVision appeared to be the VC, which was created in 1994. The fund was located in Europe if to be more exact in Norway. The main department of described VC is located in the Stavanger.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular fund investment industries, there are Energy Management, Hardware. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight RigNet.

The current fund was established by Erik Langaker. We also calculated 26 valuable employees in our database.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the HitecVision, startups are often financed by EV Private Equity, Altira Group. The meaningful sponsors for the fund in investment in the same round are Scottish Equity Partners, EV Private Equity, Concert Capital Partners. In the next rounds fund is usually obtained by SMH Private Equity Group, Kohlberg Kravis Roberts, Altira Group.

This HitecVision works on 26 percentage points more the average amount of lead investments comparing to the other organizations. Speaking about the real fund results, this VC is 53 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2013. The top amount of exits for fund were in 2010. The fund is constantly included in less than 2 investment rounds annually. The usual things for fund are deals in the range of 50 - 100 millions dollars.

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Related Funds

Funds investing in previous rounds
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Typical Co-investors
HitecVision is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after HitecVision:
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Funds with similar focus

Funds from Norway
Funds with similar focus located in Norway:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Kvaerner

Construction
Innovation Management
Oil and Gas
18 Nov 2015 Oslo, Norway

Communications Infrastructure
03 Jan 2014 Oslo, Norway

Offshore Merchant Partners

Asset Management
Commercial
Energy
Financial Services
$206M19 Nov 2013 Oslo, Norway

Verus Petroleum

Energy
Oil and Gas
01 Jan 2013 Aberdeen, Scotland, United Kingdom

Construction
13 Sep 2012 Norway, Nordland, Norway

Stream AS

Hardware
01 Jan 2009 Germany, Hesse, Germany

Spring Energy Norway

Energy
Oil and Gas
$120M24 Apr 2008 Oslo, Norway

Poseidon Group AS

Electronics
30 Apr 2007 Norway, Rogaland, Norway

MTEM Limited

Energy Management
Market Research
Oil and Gas
$10M16 Sep 2004 City of Edinburgh, Scotland, United Kingdom

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