Argentum has made an investment of NOK 75 million in the new technology fund Viking Venture III, becoming one of its biggest investors. The fund will manage more than NOK 500 million and represents a strong commitment to Norwegian technology companies with a starting point in the technology environment in Trondheim, Norway.  

Viking Venture develops companies through active ownership and is behind several successful technology investments such as Nacre, who were sold to Bacou-Dalloz, and Maxware, who were sold to SAP.

The development of Nacre, the company based out of Trondheim, is an excellent example of the significant work behind the development of Norwegian high-technology research and businesses, and the role the Norwegian private equity funds plays alongside entrepreneurs and research environments.

The Nacre exit, which was sold for NOK 750 million, was awarded the Nordic Venture Exit of the Year by the industry magazine Nordic Unquote.