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The Venture Codex

Nordic

100 Fluor Daniel Drive, Greenville, SC, 29607, United States

Overview

The Nordic American Group consists of Nordic American LLC, an international defense advisory services company based in Oslo, Norway, Nordic American Ventures, LLC, an international project/business development company based in San Luis Obispo, California, and Nordic American Capital Company, LLC, a capital acquisition and investment vehicle, and a Fund Management entity (in development).

Total investments
3
Lead investments
0
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • ICEYE

    Participated · Debt Financing · May 2026

    ICEYE owns and operates a large synthetic aperture radar (SAR) satellite constellation designed to deliver persistent monitoring and change detection anywhere on Earth. Its customers include organisations in defence and intelligence, environmental monitoring, insurance, and emergency management. The company says its capabilities enable fast decision-making and contribute to safety and sovereign intelligence needs. Founded and headquartered in Finland, ICEYE operates globally with over 1,000 employees across multiple countries, including Poland, Spain, the UK, Australia, Japan, the UAE, Greece, and the US. Financially, ICEYE reported scaling revenue, profitability, and cash generation in 2025 and has secured a €300 million 3-year committed revolving credit facility to support growth and provide liquidity; the article also states the company has previously raised over $760 (amount as reported).

  • ZirooPay

    Participated · Series A · Apr 2022

    ZirooPay builds EMV-certified mobile POS hardware and an Android application that lets small businesses process card payments and manage sales and bookkeeping. Its differentiator is a patented offline-first technology that processes transactions in real time without an internet connection, delivering about a 95% transaction success rate versus under 50% in the market. The platform targets retail, agency banking, hospitality and services merchants and has driven migration from paper accounting—over 70% of users adopt in-app sales accounting within three months. ZirooPay reports more than 15,000 merchants on its platform who have processed roughly $500 million across 10 million transactions. The company plans to use new funding to expand its payment infrastructure, broaden its product suite, add additional payment channels and build an omnichannel system for merchants while accelerating growth and growing the team. ZirooPay is Lagos- and Helsinki-based. IroFit is a Helsinki‑based Finnish startup offering a mobile app and EMV‑certified card reader that lets small businesses accept card payments. Its distinguishing feature is an "internet‑free" technology that transmits encrypted card transaction data over basic GSM channels (USSD/SMS) to enable real‑time processing without data connectivity. The company has filed a U.S. patent for this proprietary transmission method. The hardware supports Chip‑and‑PIN and NFC, and the platform includes business management tools such as sales analytics, accounting, inventory management, CRM, loyalty management, and payroll support. Initial testing in Nigeria showed the solution delivered greater than 95% connection success rates versus less than 50% aggregate for the country. While the mPOS is the first product, the platform is designed to also handle wallet applications, cryptocurrencies, in‑app payments, and microlending for small businesses.

  • Autobutler

    Participated · Equity · Jul 2014

    Autobutler operates an online platform that lets car owners enter their car model, location and desired work to receive competitive offers and quotes from local garages. Users typically receive offers from three nearby garages through the service. The company currently operates a network of garages and customers in Denmark, Sweden, the UK and Germany and has enabled nearly 300,000 customers to get online quotes. Founded in 2010 by Christian Legêne and Peter Zigler, Autobutler focuses on digital aftermarket services for vehicle maintenance and repair. The PSA Group has taken a controlling interest in the company (amount undisclosed) while Autobutler will remain independent. The investment is intended to support international expansion into new countries and to deepen Autobutler's aftermarket capabilities and garage network. Autobutler is an online platform for car maintenance and servicing that lets users select their make and model, specify the work and location, and submits the job to a 24-hour tender. Within 24 hours car-owners receive up to three offers from vetted local garages and can read customer reviews before choosing. The site says 140,000 customers have used it and it lists 3,300 garage chains or independent workshops. Autobutler also provides a CRM tool for individual mechanics and larger chains to gain business insights and find customers online. The company raised €5.8m and plans to use the funds to expand across Europe, starting with Germany and the UK. Christian Legêne is Global CEO and Partner. Autobutler operates an online garage-comparison platform that enables users to compare prices and services across car garages. The company has linked roughly 820 garages and has handled about 50,000 quote requests from car owners in the Nordic region. Founders Christian Legêne and Peter Michael Oxholm Zigler have begun international expansion, launching in Sweden and adding over 105 garages there. Autobutler plans to scale into 10 more countries over the next three years from its Denmark base, with Norway, the UK, Germany and Holland listed as next targets. The startup raised seed capital (reported to be in the ~£500,000 ballpark) and will use the funding to support its European rollout. Serial entrepreneur Jesper Buch has invested and joined the board to support expansion efforts.

Team

No current team members are available.