Our investments

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Bislab is an AI-first credit bureau. Credit reporting is a global industry worth more than USD 60 billion, dominated by a few giants that have changed little in twenty years. Enterprises are now reviewing every system behind their customer journeys for AI readiness, which has opened the replacement cycle in credit for the first time in decades, and the incumbents are poorly placed to answer.

Most challengers sell an alternative score alongside the incumbent. Bislab replaces it: a fully licensed bureau that owns its data, builds its own credit models, and runs AI agents that do the case work.

Initial Investment:

2026

Status:

Bislab

An AI-first credit bureau
Co-investors:
Futurum, Sondo

Firi is the largest cryptocurrency exchange in the Nordics, built on the premise that crypto investing should be safe, simple and local. Customers open an account with Vipps, verify with BankID or MitID, and buy, sell, save or stake through the app in their own currency and language.

Firi was the first exchange registered with and governed by the Financial Supervisory Authority of Norway when crypto was regulated in 2019, and has treated regulatory standing as a product feature ever since rather than an obstacle to work around.

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Initial Investment:

2020

Status:

Firi

The leading crypto currency exchange in the Nordics
Co-investors:
Schibsted Ventures, The Factory

Tise is a P2P digital marketplace for buying and selling second-hand clothes that combine the functionally of traditional online classifieds with the dynamics of social media.

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Initial Investment:

2018

Status:

Exited 2025 to eBay

Tise

A marketplace for second-hand fashion
Exited 2025 to eBay
Co-investors:
eBay Ventures, Luxor Capital, VNV Global, Nysnø

Chess is one of the world’s most iconic sports — yet with over 600 million global players, it remains massively under-monetized and underserved as a fan experience.

Take Take Take is here to change that. Co-founded by world champion Magnus Carlsen and Oda co-founder Mats André Kristiansen, the company is building a platform that redefines chess as a spectator sport — combining live match tracking, creator-led content, and social engagement in a single, app-based experience. Their mission is to make following chess as fun, social, and accessible as playing it.

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Initial Investment:

2025

Status:

Take Take Take

An entry point to the new era of chess as a spectator sport
Co-investors:
Coatue, Snö Ventures, Peter Thiel, Yuri Milner, Accel Scout, Jim Breyer, Riccardo Zacconi, Fredrik Hjelm, Onstage, MP Pensjon

Two brings Buy Now, Pay Later to B2B commerce, letting merchants offer invoice-based payment terms at checkout while getting paid upfront.

95% of business customers expect to pay by invoice, typically with 14–30 days to settle, which leaves merchants carrying the credit risk and the waiting. Two’s AI-powered platform delivers instant credit decisions at checkout, with real-time fraud prevention under the hood, so merchants can offer the terms buyers expect without taking on either.

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Initial Investment:

2026

Status:

Two

Buy Now, Pay Later for businesses
Co-investors:
Sequoia, Shine Capital, LocalGlobe, Antler, Idekapital, Investinor, Alliance

Oda (Kolonial.no) is the leading online grocery store in Norway and the first Norwegian unicorn. We sold our shares in Oda to Softbank and Prosus in 2021 to get liquidity to invest more capital into the earlier stages of venture capital, where our focus and expertise lies.

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Initial Investment:

2014

Status:

Exited 2021 to Softbank

Oda

An online grocery company
Exited 2021 to Softbank
Co-investors:
Softbank Vision Fund, Prosus, Kinnevik, Alliance Venture

Cardboard automates and controls SaaS portfolios and costs for finance and IT teams using smart virtual cards. With Cardboard, you can approve new subscriptions, simplify payments, and automate receipt collection, addressing a significant challenge for companies of all sizes that use multiple SaaS products requiring card payments.

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Initial Investment:

2024

Status:

Cardboard

A software subscription management tool businesses
Co-investors:
Sondo, Proventure, Runway FBU

Physical Robotics is an upper-body humanoid robot designed to enhance human productivity in diverse environments. With advanced dexterity and precision through multi-degree-of-freedom hands, Physical Robotics excels at intricate tasks, making it ideal for industries like manufacturing and healthcare where precision is key. Its adaptable and capable design ensures safety and efficiency across various applications.

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Initial Investment:

2024

Status:

Physical Robotics

An upper body physical intelligent humanoid robot
Co-investors:

Volve is the intelligence platform for tendering and preconstruction in construction. Tendering is where bid strategy, risk pricing and margin are set — around 80% of a project's cost is locked in before contract signature — and it remains the least digitised phase in an industry representing more than EUR 1.6 trillion in annual investment across Europe.

For the first time, AI can hold context across thousands of pages of dense, ambiguous documentation and return judgements a professional would trust in a high-stakes setting. That means the accumulated knowledge sitting inside every contractor — tenders, contracts, risk registers, project histories — can finally become an asset rather than an archive. Volve is built to own that layer.

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Initial Investment:

2026

Status:

Volve

An AI platform for tendering in construction
Co-investors:
J12, Norrsken Evolve, OBOS Ventures, Antler, StartupLab, Daniel Kjørberg Siraj
Company
Co-investors
Initial Investment
Status
Cardboard
A software subscription management tool businesses
Co-investors
Sondo, Proventure, Runway FBU
Initial Investment
2024
2024
Physical Robotics
An upper body physical intelligent humanoid robot
Co-investors
Initial Investment
2024
2024
Volve
An AI platform for tendering in construction
Co-investors
J12, Norrsken Evolve, OBOS Ventures, Antler, StartupLab, Daniel Kjørberg Siraj
Initial Investment
2026
2026
Kosli
A tool for automated recording and reporting of all changes in your software code
Co-investors
Heavybit, Transpose, Fortino Capital, Monochrome Capital, Deutsche Bank Corporate Venture Capital, and Defined VC
Initial Investment
2021
2021
Strise
A SaaS platform for anti money laundering compliance and automation
Co-investors
Atomico, Maki.vc, Curiosity VC, Sondo
Initial Investment
2018
2018
Sonair
A 3D ultrasonic sensor for mobile robots
Co-investors
Proventure, SINTEF Ventures, Runway FTB
Initial Investment
2024
2024
Visoid
An AI-native design workspace for architects
Co-investors
Antler, StartupLab
Initial Investment
2026
2026
Optio Incentives
An equity compensation management platform
Co-investors
Futurum Ventures, CCAP
Initial Investment
2023
2023
Januar
A financial infrastructure provider for crypto businesses
Co-investors
CMT Digital, Third Prime, byFounders, Outward VC, 13 Books Capital, Michael Gronager
Initial Investment
2024
2024
Vev
An all-in-one front-end builder
Co-investors
EQT Ventures, Sagene Tech Ventures
Initial Investment
2018
2018
We Will Write
Helping elementary students master writing in the age of AI
Co-investors
Spintop Ventures, StartupLab
Initial Investment
2025
2025
We Are Learning
A software enabling the creation of 3D learning courses with AI
Co-investors
Dreamcraft, Sondo, and more
Initial Investment
2023
2023
Sport AI
An SDK for sports technique analysis
Co-investors
MP Pensjon, Magnus Carlsen, and Dekel Valtzer
Initial Investment
2024
2024
Cybret AI
Autonomous cybersecurity for an AI-driven threat landscape
Co-investors
Visionaries Club, Inception Fund, Wave Ventures, FR8
Initial Investment
2025
2025
Sloyd
A 3D generation tool for game developers
Co-investors
Andreessen Horowitz Games (a16z Games), Antler, FreshFund, AceCap, Hartmann Capital, Autodesk
Initial Investment
2022
2022

Success Stories

TechCrunch
–
25.07.2019

Nabobil

SoftBank-backed Getaround acquires Norwegian car rental startup

Techcruch
–
22.09.25

Tise

eBay Acquires Tise, Further Strengthening its Consumer-to-Consumer Expertise

Shifter
–
08.04.21

Oda

Early Investors in Oda Achieve 17x Return on Their Investment

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