Led · Series C · Mar 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Participated · Equity · Aug 2025

Saga Robotics developed Thorvald, a modular autonomous platform for soft fruit and grapevine production that performs tasks such as UV-C disease control, precision data collection, and other repetitive field and greenhouse work. Thorvald originated in the robotics group at the Norwegian University of Life Sciences and the company aims to transform farming into a service sector to improve profitability, reduce grower risk, and enhance environmental outcomes. The company operates from Norway, the UK (Lincoln and Kent), and the US with a team of about 50 people and over 150 Thorvald 3.0 units in operation during the 2025 growing season. In 2025 Saga recorded its first commercial revenue from a yield prediction data tool and is using field data collected while treating thousands of acres each week. Commercial traction includes supporting 13 UK strawberry growers (about 20% of the national market, targeting >30% in 2026) and operating across more than 1,300 US vineyard acres with plans to triple that by 2026. Saga plans to expand its commercial rollout in the UK and US and to leverage data and partnerships to accelerate adoption and reduce chemical use in specialty crops. Saga Robotics develops fleets of autonomous strawberry pickers and multifunctional agri-robots that use UV treatment to address fungus. Its technology aims to reduce labour risk, soil compression, CO2 emissions, and pesticide and fungicide use while increasing plant yields. The company plans to pursue a robotics-as-a-service business model rather than simply selling hardware to farmers. Saga is focused on deploying more robots in the field with reliable navigation systems suitable for varied conditions. From its office in Lincoln the company is leading an Innovate UK project called ‘Robot Highways,’ a large demonstration of robotics and autonomous technologies on farms to assist with picking, packing and crop treatment. Saga recently completed a funding round that should support scaling deployments and data-enabled applications to provide actionable intelligence to farmers.

Participated · Series C · Nov 2016

The Future Group, co-founded in 2013 by Jens Petter Høili and Bård-Anders Kasin, develops the Frontier™ Interactive Mixed Reality (IMR) technology platform. The platform provides 3D visual effects for broadcast, industrial, and entertainment customers to create IMR, VR, and AR content, enabling live photo-realistic effects and virtual sets integrated with real-world elements. The company intends to use the Series C proceeds to market-introduce two initiatives: the Frontier™ IMR platform and a worldwide IMR primetime game show to be pitched to television networks in early 2017. The round raised $20M, bringing total funding to $42M to date. The Future Group employs approximately 100 people. Major Norwegian investors participated in the round, including Ferd ASA and holding company Aker ASA. The Future Group is an Oslo-based social entertainment platform for television, mobile and desktop that it calls 'The Future Universe', which fuses television, gaming and e-commerce into a single interactive ecosystem. The product promises real-time Hollywood-quality effects, moving both studio participants and at-home audiences into a shared virtual environment for weekly primetime live shows. Viewers sign up to a click-and-pay solution that captures user interests, enabling personalized prizes and integrated e-commerce tied to the live experience. The company says contestants physically enter the virtual world while remote viewers participate as digital selves and can play with or against each other. Founders Bård-Anders (formerly a Technical Director at Warner Bros who worked on the Matrix trilogy and other major productions) and Jens Petter (serial entrepreneur with retail exits and startups like EasyPark) have developed the underlying technology over many years. The group has secured partnerships with unnamed global household names and has raised capital to prepare for a planned global launch in 2016.