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
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.
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.