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HitecVision

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.

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Total investments 17
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 17
Rounds per year 0.45
Lead investments 7
Exits 8
Key employees 26
Stages of investment
Early Stage Venture

Areas of investment

  • Oil and Gas
  • Energy
  • Construction
  • Renewable Energy
  • Financial Services
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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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

MTEM Limited

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

RigNet

Public Relations
Telecommunications
$3M02 Jul 2004 Houston, Texas, United States

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Total investments 17
Average round size 19M
Rounds per year 0.45
Peak activity year 2013
Lead investments 7
Exits 8
Group Appearance index 0.18

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

MTEM Limited

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

RigNet

Public Relations
Telecommunications
$3M02 Jul 2004 Houston, Texas, United States
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