About

Meaningful Equity I is Norselab's first venture fund, launched in 2020. It is the largest first-time center fund raised in Norway and is backed by the Norwegian government's investment body, Investinor, multiple family offices, and the who's who of successful Norwegian tech founders.

Norselab invested over 50M USD across 16 portfolio companies, creating over 150 jobs and a portfolio revenue growth of 48%.

Product
: Venture fund
Launch
: 2020

Impact approach

Meaningful Equity I follows Norselab’s impact philosophy as outlined in the Meaningfulness Policy and adhere to our three Meaningfulness pillars:

  1. Product-driven impact: We focus on the impacts of the company’s revenue-generating products and services.
  2. Net-positive impact: We account for both the negative and the positive effects of companies to identify those with net positive impact.
  3. Impact where it’s urgent: We strive to invest in industries in great need of transformation.

Sustainability-related disclosures

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Fund focus

Meaningful Equity I will help close the growth gap by investing in meaningful technology companies; industry-related, data-driven startups and scaleups with an ambition to create net positive impact for people and the planet.

Impact performance Meaningful Equity I

12
SDGs served at target level
78 %
Meaningful Equity I Upright Net Impact Score
50 %
EU Taxonomy climate adaptation or mitigation eligibility

Investment team

Norselab Yngve Tvedt

Yngve Tvedt

Chief Investment Officer, Partner
Aksel 1

Aksel Lund Svindal

Investment Partner, Growth Equity
Ann Kristin 3

Ann-Kristin Pfründer

Investment Partner, Growth Equity
JG 1

Jean-Guillaume Marquaire

Investment Partner, Growth Equity

Portfolio companies

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Ava Ocean

Industry: Ocean
CEO: Øystein Tvedt
Founded: 2016
HQ: Ålesund
Impact classification: Impact-generating

Ava Ocean

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Plateful

Industry: Food value chain
CEO: Lars Kristian Leiro
Founded: 2017
HQ: Moss
Impact classification: Impact-generating

Plateful

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casi

Industry: Mobility
CEO: Hans Kristian Aas
Founded: 2018
HQ: Bergen
Impact classification: Neutral

casi

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Antec

Industry: Renewables
CEO: Eirik Gundersen
Founded: 2011
HQ: Oslo
Impact classification: Impact-generating

Antec

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DoMore Diagnostics

Industry: Health care
CEO: Torbjørn Furuseth, MD
Founded: 2020
HQ: Oslo
Impact classification: Impact-generating

DoMore Diagnostics

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Ardoq

Industry: Enterprise Architecture
CEO: Erik Bakstad
Founded: 2013
HQ: Oslo
Impact classification: Neutral

Ardoq

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Carrot

Industry: Circularity
CEO: Tore Totland
Founded: 2017
HQ: Bergen
Impact classification: Impact-generating

Carrot

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Nofence

Industry: Agriculture
CEO: Knut Bentzen
Founded: 2011
HQ: Batnsfjordsøra
Impact classification: Neutral

Nofence

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Svenn

Industry: Proptech
CEO: Sondre Blaasmo
Founded: 2014
HQ: Trondheim, Oslo
Impact classification: Impact-aligned

Svenn

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Vanora

Industry: Ocean
CEO: Geir Gotteberg
Founded: 2018
HQ: Oslo
Impact classification: Impact-aligned

Vanora

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Varig

Industry: PropTech
CEO: Renate Straume
Founded: 2019
HQ: Oslo
Impact classification: Impact generating

Varig

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Qlearsite

Industry: Human resources
CEO: Alex Borekull
Founded: 2015
HQ: London
Impact classification: Impact-aligned

Qlearsite

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Ivaldi

Industry: Supply chain
CEO: Espen Sivertsen
Founded: 2016
HQ: US
Impact classification: Impact-generating

Ivaldi

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Farmable

Industry: Agriculture
CEO: Lars Petter Blikom
Founded: 2018
HQ: Oslo, Norway
Impact classification: Impact-generating

Farmable

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