Participated · Equity · Apr 2026

Foovi develops a web-based platform for food and drink producers to manage products, customers, orders and invoicing in one place. The company targets small and medium-sized producers and reports that its solution is already used by producers across Norway. Foovi aims to improve profitability, strengthen customer relationships and increase market access for its users. The business announced a 9.7 million emisjonsrunde to fund product development and scaling efforts. Investors in the round include Tvedt & Co., Rockstart Agri Food Fund, Sprettert and T.D. Veen. CEO David Kirby commented that the company is closing the round to build a leading technology product for the sector. No revenue, user counts, founding year or valuation were disclosed in the article.

Participated · Equity · May 2025

NoMy is an Oslo-based fermentation technology company that produces mycoprotein — a sustainable protein derived from fungi — by converting food-industry side streams. Its core product is mycoprotein produced via fungal fermentation; the company says its technologies are proven, scalable and cost-effective. NoMy plans to scale deployment and commercialisation of these technologies, leveraging a partnership with Nippon Beet Sugar Manufacturing (Nitten) to utilise resources from the beet sugar manufacturing process. The company raised a €1.25 million equity investment led by Nitten to support that scaling and commercialisation. Founded in 2020 by Ingrid Dynna and David Andrew Quist, the founders combine commercial and scientific expertise in marketing, strategy and microbiology. NoMy aims to supply sustainable food and aquafeed ingredients and expand partnerships across Japan, Norway and Europe to diversify protein supplies and promote circular food systems. NoMy develops mycelium-based alternatives spanning novel proteins, alternative meat, biocomposites and bioplastics. The company leverages fungal mycelium to create locally produced materials with minimal resources and a lower ecological footprint. It plans a B2B go-to-market approach focused on partnerships that enable circular business solutions and the use of underutilized biological and industrial resources. NoMy will direct its fresh seed funding toward ongoing R&D on “future green materials” as well as novel foods and alternative proteins. Founders Ingrid Dynna and David Andrew Quis combine tech and microbiology backgrounds and emphasize scalable, cost-efficient production without agricultural land or chemicals. The firm highlights mycelium’s potential to replicate and regenerate nature while displacing fossil-fuel-derived materials.

Participated · Seed · Feb 2024

Mobai is a Norway-based provider of facial recognition and biometric face verification delivered as a SaaS platform. Its core product offers liveness detection and deepfake detection and targets companies in highly regulated environments such as financial services. The company highlights security features that enable biometric verification in the encrypted domain, aiming to allow reusable biometrics at scale. Mobai is actively pursuing R&D to augment its product line, and its systems are tested at recognized institutions including NIST (Face Recognition Vendor Test) and the Swiss Center for Biometrics. The firm was founded in 2019 by CEO Brage Strand, CTO Martin Stokkenes, and NTNU biometrics professors Raghavendra Ramachandra, Kiran Raja and Christoph Busch. In late 2021 Mobai announced €2.8 million in funding for a project to strengthen face biometrics systems for Norway's banking industry. Recently it closed an oversubscribed seed financing of 30 million Norwegian kroner (roughly US$2.8M).

Participated · Seed · Mar 2023

Atlas Metrics offers an all-in-one B2B platform to help organizations measure and communicate their Environmental, Social, and Governance impact. The platform uses automation, AI, secure data sharing, and advanced analytics to streamline ESG compliance and sustainability performance management. Atlas Metrics is led by founder and CEO Wladimir Nikoluk and is based in Berlin, Germany. The company plans to use its new funding to invest in its team, expand into new markets, and continue developing its ESG compliance and performance management offering. The articles do not disclose operating metrics such as revenue or user counts. Atlas Metrics builds an ESG data management platform that uses a logic model or “data lego blocks” to tag and backtrack non-financial data, enabling companies to assemble and exchange information across organisations and supply chains. The product is designed to map data to multiple coexisting reporting standards, including GRI, CDP, CSRD, SFDR and LkSG. The startup launched operations less than a year after being founded in 2021 and has grown its team to about 20 people. It counts 400+ companies as customers, including Forto, SellerX, Cusp Capital, Kreos Capital and several banks and insurers. Growth has been driven largely by customer referrals rather than marketing. A portion of the recent funding is earmarked for recruitment and further expansion of the platform.

Led · Seed · Oct 2021

Made of Air produces durable, carbon-negative thermoplastic compounds by combining biochar (from pyrolyzed wood waste) with bioplastics to lock carbon into long-lived materials. The company targets durable applications — furniture, interior/exterior panelling, car dashboards and closed-loop industrial products — rather than single-use consumer goods. It has early experimental partnerships with Audi, H&M and an unnamed U.S. furniture maker and has shipped over 10 tons of material to more than four customers. MoA says its compounds are not biodegradable, aim to meet typical fire- and mechanical-property requirements for building materials, and are intended to be drop-in ready for existing forming processes. The startup is preparing its first pilot production line and expects prices to fall toward fossil plastics as it scales. Founded in 2016 and based in Berlin, MoA positions its product as a method for carbon removal with potential circular end-of-life pathways (grind and return to soil) for durable products.