Our starting point
The Norselab Fund was established in 2020 with the goal to create both long-term positive capital returns and net impact through investments and extensive involvement in a portfolio of meaningful technology companies.
The initiative was brought to life after two leading players in the Norwegian startup ecosystem decided to join forces; the pre-existing Norselab team and former StartupLab founder Alexander Woxen.
Their alliance is built on a common understanding of the state of the Norwegian venture scene:
- There is a booming Norwegian startup scene, fueled by tech-savvy, purpose-seeking talents that were previously tied down by the oil and gas industry.
- Norway offers very few capital players capable of funding and accompanying tech companies through scale-up and growth.
This means that – even though Norway offers plentiful high-potential technology startups – they have scarce chances of finding investors that can help them grow and prepare for large, international VC players. Norselab’s ambition is to become Norway’s leading investor for meaningful technology companies. To achieve this ambition, we will invest in the most promising companies from the grassroots in the Norwegian startup ecosystem and bridge the gap to larger, international venture capital environments.
The newly formed team has vast entrepreneurial experience, showcasing a strong track record of building, scaling and growing technology companies. Now, the Norselab Fund is here to help other entrepreneurs overcome the hurdles of the growth phase, setting them up for success in the global marketplace.
The fund recently completed a very successful first round of closing. We are proud that the major part of our investors are successful technology founders themselves, and share our observations and beliefs.