Energy Ventures raises NOK 1 billion for their third energy fund
Norway-based Energy Ventures has raised more than NOK 1 billion in the first closing of its third venture capital fund, which will invest in petroleum-related technology companies.
This fund has NOK 1,010 million committed at the 1st closing. Cornerstone investors include Gjensidige Forsikring, KLP, DnB NOR, Umoe, Hoegh Capital Partners, Jebsen Asset Management, Torvald Klaveness Group, Vital and Storebrand. These 10 have committed a total of NOK 715 million.
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| Date of Transaction | 2007-09-06 |
| Closing | 1st |
| Fund | Energy Ventures III LP |
| Manager | Energy Ventures |
| Stage | Venture |
| Location | Norway, United Kingdom, USA |
| Ind. Focus | Energy |
| Fund Size | NOK 1,340.0m |
| Vintage Year | 2008 |