Folkeinvest
Beddingen 14, Trondheim, Sor-Trondelag, 7042, Norway
Overview
Folkeinvest is a digital investment firm. They promote money-raising and opportunities for value creation as an entrepreneur, investor, or cheerleader. They seek to democratize stock trading and allow more people to invest in promising start-ups and growing firms.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Financial Services
Investment portfolio
- Auk
Led · Equity · Mar 2023
Auk Eco produces helautomated plantedyrkere (fully automated plant growers) and is led by founders Didrik Dimmen and Marius Aabels. The company has sold about 12,000 units in Norway to largely satisfied customers. After a weak 2022, sales picked up sharply in late 2022 (notably during a Black Week campaign) and the company sold out in December. Auk Eco cites a total addressable market of USD 5–10 billion and guides for 120% growth in 2023 with NOK 40–45M in revenue. The company targets NOK 400M in revenue by 2027. From March 20 Auk Eco will be available at Jernia and is in talks with 10 additional retailers.
- TheLawyerGuide
Led · Seed · Dec 2022
TheLawyerGuide.com operates an online review platform for lawyers, modelled on TripAdvisor, listing all national lawyers and allowing lawyers to claim and enrich profiles. It monetizes by highlighting lawyers who pay for the service and by introducing potential clients, and also offers a web-based SaaS marketing suite for lawyers. Since launching in Norway in 2020 as Advokatguiden, it has expanded into Sweden, Denmark, Switzerland and the Netherlands and attracted almost one million visitors across its five live markets. The company plans to expand into the U.K., Italy, France, the U.S. and other large European countries in 2023. Management says the recent raise should move it toward profitability in several key markets, particularly Norway and Sweden. The CEO emphasizes trust and combating fake reviews as part of its positioning to become the world's largest lawyer review platform.
Team
Øyvind Fries
CEO and Managing Director
LinkedIn