Norinnova Invest
Sykehusveien 23, Tromsø, Troms, 9019, Norway
Overview
The fund invests in early and early ventures in growth companies with ambitions nationally and internationally. The company contributes capital, expertise and networking and will be an active partner through board work. The fund was closed on 1.1.2013 for new investments and only follow-up investments in its own portfolio. NorInnova Invest AS cooperates with the nationwide seed funds funded in Oslo, Stavanger, Bergen and Trondheim. These funds invest in some specially selected technology areas.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Dualog
Led · Equity · Oct 2011
Dualog develops, markets and sells proprietary mobile data communications software for the maritime sector. It focuses specifically on satellite-based communications used to transmit e-mail and data files. Its solutions are installed on a large number of ships worldwide, including oil tankers, bulk carriers, chemical tankers, container ships, platform supply vessels, anchor handling supply vessels, multi purpose supply vessels, tugs, fishing vessels and coast guard ships. The company is based in Tromsø, Norway and also maintains offices in Oslo, Liverpool, Vigo, Malta, Dubai and Singapore. It works with service partners along the Norwegian coast and in Cyprus, Germany, the UK, the Netherlands and the United Arab Emirates. Financially, Dualog received a NOK3m follow-on investment from Norinnova Invest; Norinnova has invested NOK11.65m in total and owns a 21.6% stake.
Team
No current team members are available.