The Venture Codex

Participated · Equity · Apr 2021

Attensi develops AI-powered, game-based training and skills-development platforms for workforce learning. The company has introduced Attensi RealTalk, a conversational AI tool designed to simulate complex human interactions. Attensi is accelerating expansion into the US market and plans to invest further in AI-enhanced training solutions. It raised $25 million in non-dilutive growth funding to invest in high-return growth opportunities and bolster product development. The company has consistently achieved over 40% year-on-year revenue growth, including a 40% ARR increase in 2024. Attensi has received industry recognition, including placement on Fast Company's World’s Most Innovative Companies 2025 list, TIME’s World’s Top EdTech Companies with Statista 2025, and being named a Strategic Challenger 2025 in the Fosway 9-Grid for Digital Learning. Attensi builds gamified corporate training delivered as 3D simulations that place employees into virtual representations of their workplace and work processes. The platform competes with providers such as GoSkills, Mindflash, SAP Litmos and Skilljar. The company reports a 63% CAGR in annual recurring revenue and lists clients including Daimler Mercedes Benz, Circle K, Equinor, BCG and ASDA. Co‑founder and co‑CEO Trond Aas says the product combines workplace psychology with simulations and gamification to create a new category of training solutions. Attensi plans to use the new funding to expand in North America and Europe. The pandemic-driven shift to remote work has increased demand for digital training platforms like Attensi. Attensi develops gamified 3D simulations to train employees in authentic situations involving human interaction and the operation of business-critical software and systems. The company uses advanced 3D modelling combined with insights into human behavior and psychology to build its training solutions. Founded in 2009 by Odd Skarheim and led by CEO Anne Lise Waal, Attensi has 40 employees and serves more than 50 customers across industries such as Merck, NorgesGruppen, Bertel O Steen and Avinor Oslo Airport Gardermoen. The firm focuses on enterprise training across a wide range of sectors. Attensi received an undisclosed investment from Viking Venture and intends to use the funds to grow internationally. Viking Venture will support the company's international expansion plans.

Led · Equity · Nov 2020

TimeLog offers PSA solutions that help consulting businesses plan, analyze, invoice and optimize projects. The company was founded in 2001 and is led by CEO Per Henrik Nielsen. TimeLog serves more than 800 customers and 21,000 users across 12 countries and reports ARR of approximately NOK 43 million. It operates offices in Denmark, Sweden and Malaysia. The company is pursuing further international expansion, particularly through acquisitions. The core product and customer base position it to scale across European PSA markets.

Led · Series A · Feb 2020

Flowbox offers a platform that enables companies to use customers’ social media content (UGC) in their own channels. Founded in 2016 and headquartered in Stockholm, the company serves almost 400 customers across ten countries and reports €3.9 million in ARR. Flowbox has 42 employees across offices in Stockholm, Amsterdam, Zurich and Antwerp. Until this raise the company had been fully bootstrapped. With the new capital it plans to strengthen its footprint in key European markets, expand its tech and sales teams, and develop additional products. A full-time recruiter provided as part of the investment will assist Flowbox in recruitment to support its growth plan.

Led · Equity · Dec 2019

Tamigo offers cloud-based solutions for workforce and staffing management, targeting retail and hospitality operators with tools for scheduling and personnel management. The company serves more than 400,000 users across over 20 countries and employs over 100 people. Under Viking Growth's ownership since 2019, Tamigo says it tripled its business, professionalized the organization, and integrated franchise operations in Norway, the Netherlands, and Spain. With Accel-KKR as a new significant investor, Tamigo intends to accelerate expansion across Europe and join a Nordic HR software group alongside firms like 4Human and Eletive. The company's stated growth plan combines continued organic scaling with a strategic acquisition-driven approach supported by its new investor's capital and expertise.

Participated · Equity · Aug 2016

poLight develops autofocus lens solutions for mobile phone cameras, including its qualified first product, TLens Silver. The company offers instant focus across all objects in an image and the ability to refocus post-capture. Production has been qualified in cooperation with STMicroelectronics and assembly partner THEIL in Taiwan. poLight intends to use the new funding to continue commercializing its autofocus lens, ramp up production and secure its first customer. Management is led by CEO Øyvind Isaksen and Chairman Eivind Bergsmyr. The company announced plans to pursue an IPO within one year following the financing and valuation event. poLight develops high-speed, ultra-low-power autofocus actuated micro lenses aimed at modern camera-phone applications, including continuous-autofocus video. The company has worked with several potential customers while refining its lens technology. Led by CEO Øyvind Isaksen, poLight is establishing manufacturing capacity in cooperation with ST Microelectronics. Volume production was planned to start in the second half of 2015. The company raised funding to continue developing its solutions and scale toward production. The financing supports product development and manufacturing ramp activities. poLight AS, based in Horten south of Oslo, Norway, develops micro-optics components for mobile imaging. The company has patented proprietary technology that enables production of reflowable, wafer-scale active optical components based on deformable polymers. Its TLens products can be integrated into mobile phone camera modules across low- to high-end devices, supporting resolutions up to 12 megapixels. poLight is led by CEO Christian Dupont and targets integration into handset camera modules. Financially, the company closed a NOK100m ($18.5m) Series B financing round in mid-2011. That financing could be extended to NOK130m ($24.5m) later in the year if additional investors join the consortium.