The Venture Codex

Participated · Seed · Jun 2026

Surfact develops sensor hardware and cloud-based software for real-time monitoring of temperature-sensitive shipments, tracking temperature, location and deviations across the transport chain. Its solution is currently deployed in 20 countries and has attracted customers such as Vitusapotek, Apotek 1, McDonald's, Posten Bring and BAMA. The company raised just over NOK 20 million in the recent financing to accelerate international growth, with a particular focus on the U.S. market and large global logistics and pharmaceutical clients. Surfact aims for NOK 50 million in annual recurring revenue by 2027 and over NOK 100 million by 2030. Leadership says the firm has built a small but effective team and is seeing strong global demand for its real-time cold-chain monitoring technology.

Participated · Seed · Jul 2024

Versiro builds AI-driven decision-support software that processes large amounts of data and a fundamental model of power systems to deliver continuous, near–real-time, risk-adjusted trading strategies tailored to a producer’s production and risk profile. The founders developed the technology from doctoral research at the Norwegian University of Science and Technology into a system intended to handle uncertainty from intermittent renewables. Versiro’s solution aims to reduce imbalances in the power system while increasing producers’ revenue (chairman Jørgen Kildahl said it can increase income by as much as ten percent). The company already has a foothold in Norway and plans to roll out its solutions across the rest of Europe. Versiro was founded in 2022 by Simon Risanger and Markus Löschenbrand, who remain among the company’s largest owners. The business recently completed a financing round that supports its expansion plans and ownership structure.

Participated · Equity · Apr 2024

Völur, based in Oslo, develops AI technology to optimize the meat industry and make it more sustainable. Its software leverages data and AI to empower meat processors with optimal sorting and decision-making to maximize carcass value throughout the whole value chain. The solution creates value by balancing supply and demand, increasing value per pound of finished products, and meeting customer service levels. Völur reports the technology can enable up to 10% higher utilization of animals. The company intends to use the $2.85M funding to expand operations and broaden its business reach. Leadership changes include the appointment of Anna Turvoll as CEO while co-founder and outgoing CEO Robert Ekrem will continue to contribute on the board.