Norwegian government-backed firm Investinor is out fundraising for a new LP fund targeting around €200m-300m (2bn-3bn NOK) to back early- and growth-stage VC funds to boost the local ecosystem.
The fund will focus on supporting Norwegian startups by investing in venture capital funds that can provide both capital and expertise. Investinor has previously backed firms such as Schibsted, Telenor, and KLP, and has been active in major tech investments across the Nordics.
"We are seeing a very interesting development in the Norwegian tech scene," said a spokesperson at Investinor. "There is a clear need for more patient capital to help scaleups grow and compete globally."
The firm is currently in talks with potential investors and expects to close the fund later this year.
Source: Sifted · Summarized by HeadlinesBriefing