Nysnø Fund I | 2017 VC Fund

Nysnø

Status

ACTIVE

Global HQ

Stavanger, Norway

Countries of investment

Norway
United States
Germany
Denmark
United Kingdom
Sweden

Investment stages

Seed
Series A
Series B
Growth

Industries

Climate Tech
Sustainability

About
Nysnø is the Norwegian state's climate investment company, established in 2017. Their mission is to make profitable, long-term investments in companies and funds with technologies that contribute to reducing greenhouse gas emissions. They act as a commercial and active owner, investing in clean energy and climate-friendly solutions.

Min check size: $5M
Max check size: $20M
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Investment Thesis

Nysnø is the Norwegian state's climate investment company, focused on making profitable, long-term investments that reduce greenhouse gas emissions. They invest directly in early-stage companies and indirectly through venture funds, primarily in the Nordics and Europe, with a focus on sectors like renewable energy, resource efficiency, and enabling technologies. As an active, long-term owner, they leverage their expertise and network to help build sustainable and profitable businesses from the commercial stage onwards.

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Manager's Experience

The management team, led by CEO Siri Kalvig, a PhD and founder of tech company StormGeo, combines deep climate and technology expertise with strong financial backgrounds. Investment directors bring experience from top-tier consulting firms like McKinsey & Company and Bain & Company, as well as private equity and investment banking with a focus on the energy sector (HitecVision, Rothschild & Co). This blend of operational, strategic, and financial experience is geared towards identifying and scaling climate-tech companies.