Norselab has successfully raised NOK 600m for Norselab Fund I – strong momentum ahead of final close
Norselab has raised a total of NOK 600m for its new growth fund, with investors including Norwegian and US family offices, prominent tech founders, institutional investors and Investinor. The fundraising continues with strong momentum ahead of final close, March 31st 2021.
Building on a co-founder and seed investor legacy that goes back to 2015, Norselab Fund I is being raised to benefit from the favorable trends in the Norwegian venture landscape. There is a booming Norwegian startup scene fueled by tech-savvy, purpose-seeking talents, but Norselab believes that Norway offers very few capital players capable of funding and accompanying tech companies through scale-up and growth. Norselab will 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.
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 Norselab team has vast entrepreneurial experience, showcasing a strong track record of building, scaling and growing technology companies. Now, the Norselab Fund is ready to help other entrepreneurs overcome the hurdles of the growth phase, setting them up for success in the global marketplace. The Norselab portfolio currently comprises eight companies, with recent additions of Nofence and WasteIQ.