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:

Product-driven impact: We focus on the impacts of the company’s revenue-generating products and services.
Net-positive impact: We account for both the negative and the positive effects of companies to identify those with net positive impact.
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

SDGs served at target level

78 %

Meaningful Equity I Upright Net Impact Score

50 %

EU Taxonomy climate adaptation or mitigation eligibility

Investment team

                            
                Yngve Tvedt
              
            Chief Investment Officer, Partner

                Aksel Lund Svindal
              
            Investment Partner, Growth Equity

                Ann-Kristin Pfründer
              
            Investment Partner, Growth Equity

                Jean-Guillaume Marquaire
              
            Investment Partner, Growth Equity

Portfolio companies

Explore more

Ava Ocean

Impact classification: Impact-generating

Ava Ocean

Through in-house developed technology, the company is on its way to reinvent sustainable seabed harvesting.

Plateful

Industry: Food value chain

CEO: Lars Kristian Leiro

Founded: 2017

HQ: Moss

Impact classification: Impact-generating

Plateful

Plateful elevates our love for food by making sure we take care of our planet's available resources in the best way possible.

casi

Industry: Mobility

CEO: Hans Kristian Aas

Founded: 2018

HQ: Bergen

Impact classification: Neutral

casi

casi is a Norwegian mobility company specializing in car subscriptions services.

Antec

Impact classification: Impact-generating

Antec

Antec is improving the efficiency and profitability of biogas production by imitating the processes found in nature.

DoMore Diagnostics

Industry: Health care

CEO: Torbjørn Furuseth, MD

Founded: 2020

HQ: Oslo

Impact classification: Impact-generating

DoMore Diagnostics

DoMore has developed a world-leading technology for accurate diagnostics of colorectal cancer. The solution predicts the course of the disease so that the patient can receive the best adapted treatment.

Ardoq

Industry: Enterprise Architecture

CEO: Erik Bakstad

Founded: 2013

HQ: Oslo

Impact classification: Neutral

Ardoq

Ardoq is a dynamic, data-driven tool for Enterprise Architecture and a key tool for digital transformation journeys.

Kontur

Industry: Infrastructure

CEO: Nina Bøyum

HQ: Oslo

Impact classification: Impact-generating

Kontur

Kontur changes how we view the world - layer by layer.

Carrot

Industry: Circularity

CEO: Tore Totland

Founded: 2017

HQ: Bergen

Impact classification: Impact-generating

Carrot

Carrot is creating a new world of circular materials by collecting data from valuable resources that otherwise go to waste as trash.

Nofence

Industry: Agriculture

CEO: Knut Bentzen

Founded: 2011

HQ: Batnsfjordsøra

Impact classification: Neutral

Nofence

Nofence is the first company in the world to develop and sell digital fences for livestock. By replacing the need for physical fences both infield and outfield, they make it easy for farmers to keep livestock on pastures.

Svenn

Impact classification: Impact-aligned

Svenn

Svenn helps proud and quality-focused craftsmen run profitable businesses by following regulations and delivering on time, on budget.

Vanora

Impact classification: Impact-aligned

Vanora

Setting the standards for convenient, transparent and responsible practices in the ocean industry.

Varig

Impact classification: Impact generating

Varig

Varig is a deeply meaningful technology company supporting building owners, tenants and users in driving positive change for people and planet.

Qlearsite

Industry: Human resources

CEO: Alex Borekull

Founded: 2015

HQ: London

Impact classification: Impact-aligned

Qlearsite

You need to know the issues affecting performance across your organisation. Qlearsite pinpoints them using diverse sources of your data, then drill down to find what your teams on the ground need, want and feel.

Ivaldi

Industry: Supply chain

CEO: Espen Sivertsen

Founded: 2016

HQ: US

Impact classification: Impact-generating

Ivaldi

Working with leading partners across maritime, offshore and the construction industries, the Ivaldi PRaaS Solution reduces inventory, warehousing needs, delivery times and cost of logistics by allowing organizations to send files, not parts.

Farmable

Industry: Agriculture

CEO: Lars Petter Blikom

Founded: 2018

HQ: Oslo, Norway

Impact classification: Impact-generating

Farmable

Farmable is a technology company that helps fruit and vegetable farmers make the most of natural, human and material resources.

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