Fjord Invest
Hafstadvegen 25, Førde, Sunnfjord, 6800, Norway
Overview
Fjord Invest Management AS manages four private equity-funds ranging over the whole lifecycle of companies. Fjord Invest Management AS is located in Førde, and makes investments in the western part of Norway. Capital under management is about NOK 425 mill.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Vessix Vascular
Participated · Series B · Aug 2011
Vessix Vascular (formerly Minnow Medical) is a Laguna Hills, California–based developer of percutaneous radiofrequency balloon catheter technology. Its initial product, the ZCath System, holds a CE Mark for reducing plaque in peripheral leg arteries. Founded in 2003 and led by CEO Raymond W. Cohen, the company is focused on advancing its RF balloon catheter platform. Vessix established a European subsidiary in Paris to support planned European clinical studies and anticipated commercial launches. The company intends to use recent funding to accelerate product development and to conduct multi-center clinical trials to expand indications. It completed a $23M Series B to fund those efforts. Minnow Medical is a Laguna Hills, California-based developer of a platform technology employing radiofrequency thermoplasty to treat in-stent restenosis and other peripheral vascular conditions. Its core product is the ZCath™ System, a patented angioplasty balloon catheter that delivers controlled radiofrequency energy intended to reverse restenosis in peripheral vascular stents. The company closed two financing transactions totaling $4.7M — $3.2M in preferred stock and $1.5M in convertible notes that convert into preferred stock. Proceeds will be used to extinguish bank debt, provide working capital and finance a European clinical trial to further test the ZCath System. The financings were led by Neomed Management with participation from Minnow Board Chairman Olav Bergheim, Christopher Weil and Company, Inc. and other private investors. The company is advancing clinical validation of its technology while addressing near-term financing needs.
- Beat Technology
Led · Seed · Dec 2010
Beat.no AS operates an online music store selling Digital Rights Management-free music to members and non-members. The service was launched in June 2009 by Simen Wilberg, Njål Wilberg, Linn Dyveke Wilberg and Therese Trefall. Membership gives users reduced prices on singles and albums. The company received NOK4.8M in seed financing to support its operations. These funds, alongside support from Innovasjon Norge, provide the company with resources to continue to expand its service. No operating metrics or additional financial terms were disclosed in the article.
Team
No current team members are available.