Lyse
Breiflåtveien 18, Stavanger, Rogaland, 4017, Norway
Overview
Lyse is a Norwegian industrial group operating within the fields of energy and fibre-based broadband. The Group began operations on 1 January 1999 but has roots that extend more than 100 years back in time. The Group is owned by 16 municipalities in Sør-Rogaland. 100 years ago forward-looking thoughts led to the acquisition of waterfall rights, as well as the construction of a hydroelectric power plant and the network of lines that have benefited an entire region. The Lyse Group has developed into a substantial national operator within renewable energy. With experience from building and operating infrastructure, the Group has established itself as the national leader within fibre-optic broadband. In recent years Lyse has developed a gas network in Sør-Rogaland and operates an LNG business in a Nordic market.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Energy
- Hydroelectric
- Renewable Energy
- Telecommunications
Investment portfolio
- Heimdall Power
Participated · Series B · Jul 2024
Heimdall Power develops and sells sensor balls designed to monitor and optimize electric power grids, with technology the company says can increase existing grid capacity by 20–40 percent. The solution has opened doors to the U.S. market and large grid-infrastructure support packages, and management is positioning the company to win multi‑million dollar contracts there. Heimdall has delivered systems to 50 customers in 21 countries, including state operators in Norway, Ireland and the U.K. The company has grown revenue at about 135 percent annually in recent years but remains unprofitable with an accumulated deficit exceeding NOK 200 million. Heimdall was valued at NOK 700 million in the latest financing, up from roughly NOK 500 million in 2021. The new capital is intended to scale operations and accelerate the path to expected profitability in 2027 or 2028.
- Particula
Participated · Series B · Jan 2024
Particula is a Munich-based provider of AI-driven risk intelligence for digital assets. It provides automated risk ratings that analyze issuer credibility, asset backing, regulatory compliance and smart contract security. By offering independent, data-driven insights the company serves financial institutions, issuers and trading facilities. Particula raised $5.5M in funding and intends to use the proceeds to expand operations and its business reach. The round underscores the company's role as a driver in digital finance. The company is led by CEO Timm Reinsdorf. Heimdall Power offers a comprehensive solution for real-time, data-driven decision-making for the operations and planning of high-voltage power lines. The company develops intelligent multi-vector sensors, called Neurons, that measure conductor temperature, current, angle, and vibrations on overhead power lines. These sensor readings and analytics are presented through a user-friendly web-based software solution. Heimdall Power raised $25 million in a Series B financing. Investors in the round include international energy company ORLEN VC, Nordic cleantech fund NRP Zero AS, and the Steinsvik Family Office. Existing shareholders including Investinor, Eviny, Hafslund, Lyse, and Sarsia are also listed among participants.