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Venture Capital
proventure.no

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Investments

41

Portfolio Exits

3

Funds

2

About ProVenture Management

ProVenture Seed invests in early-stage, technology-based Norwegian companies with an international potential in ICT, petroleum, energy and maritime, material and process technology. ProVenture will give the investors a return through an efficient link up of venture capital, commercial expertise, international networks, incubators and entrepreneurs.

ProVenture Management Headquarter Location

Norway

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Latest ProVenture Management News

My Voice raises NOK 30M from investors led by ProVenture

Oct 9, 2020

Investments 02 October 2020 My Voice , a Sandnes, Norway-based startup building a business based on a voice recognition technology, announced that it raised a NOK 30M ($3.2M) capital investment round. The money was provided by new and existing investors from Norway, led by Proventure Management . My Voice, founded in 2017 by CEO Ivar Line, Nicola Andelíc and David Horowitz, developed a technology that in real time and within 3 seconds can recognize the identity of people via the voice in free speech. They have also managed to do this regardless of content, language, dialect or grammar. Nordic 9

ProVenture Management Investments

41 Investments

ProVenture Management has made 41 investments. Their latest investment was in Wanda as part of their Series A on May 5, 2022.

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ProVenture Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series A

Wanda

$6.15M

Yes

1

12/1/2021

Seed VC

Loopfront

$6M

Yes

1

2/4/2021

Series A

InfoTiles

$1.73M

No

1

10/2/2020

Series A

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$99M

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10

9/3/2020

Seed VC

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0

Date

5/10/2022

12/1/2021

2/4/2021

10/2/2020

9/3/2020

Round

Series A

Seed VC

Series A

Series A

Seed VC

Company

Wanda

Loopfront

InfoTiles

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Amount

$6.15M

$6M

$1.73M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

1

10

0

ProVenture Management Portfolio Exits

3 Portfolio Exits

ProVenture Management has 3 portfolio exits. Their latest portfolio exit was Aptomar on November 20, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/20/2017

Acquired

1

6/27/2016

Acquired

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10

3/10/2015

Acquired

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$99M

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10

Date

11/20/2017

6/27/2016

3/10/2015

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

ProVenture Management Fund History

2 Fund Histories

ProVenture Management has 2 funds, including ProVenture Seed III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/20/2019

ProVenture Seed III

$16.57M

1

12/31/2006

Proventure Seed Fund

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$99M

10

Closing Date

9/20/2019

12/31/2006

Fund

ProVenture Seed III

Proventure Seed Fund

Fund Type

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Status

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Amount

$16.57M

$99M

Sources

1

10

ProVenture Management Team

5 Team Members

ProVenture Management has 5 team members, including current Managing Partner, Herbjã¸rn Skjervold.

Name

Work History

Title

Status

Herbjã¸rn Skjervold

Managing Partner

Current

Tom Arnoy

Senior Partner

Current

Borgar Ljosland

Senior Partner

Current

Terje Eidesmo

Kverva Industri, EMGS Group, and Equinor

Managing Partner

Former

Thor Egil Five

Senior Partner

Former

Name

Herbjã¸rn Skjervold

Tom Arnoy

Borgar Ljosland

Terje Eidesmo

Thor Egil Five

Work History

Kverva Industri, EMGS Group, and Equinor

Title

Managing Partner

Senior Partner

Senior Partner

Managing Partner

Senior Partner

Status

Current

Current

Current

Former

Former

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