Argentum has invested a total of NOK 238 million in the Norwegian venture capital fund Northzone IV. The fund closed at NOK 600 million and the capital will be invested in entrepreneurial companies within the ICT sector in the Scandinavian region.
Argentum’s substantial investment in the fund has been essential to attract other investors, particularly of foreign origin. Other investors in Northzone IV include Gjensidige Nor (Norway), LTG Capital Partners (Switzerland), Access Capital Partners (France) and Swiss RE (Switzerland).
The Norwegian-based Northzone Ventures manages the investment fund Northzone Venture, which is their fourth and, so far, largest fund.
Read more