About ProVenture
ProVenture is a venture capital firm founded in 2006. It is primarily based out of Trondheim, Norway. As of Sep 2025, ProVenture has invested in 55 companies. It primarily invests in Seed round in Norway based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Sonair Overall, ProVenture portfolio has seen 15 acquisitions including key companies like Normet, GasSecure and Numascale. A lot of funds co-invest with ProVenture, with names like Investinor sharing a substantial percentage of its portfolio. ProVenture has team of 7 people including 7 partners.Key Metrics
ProVenture's List of Top Investments
ProVenture has a portfolio of 55 companies. Their most notable investments are in CIMON Medical and Dynamic Rock Support AS.Their portfolio spans across Norway, Finland, India and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 19 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by ProVenture:
1. Sonair
Devloper of 3D ultrasonic sensor for autonomous robots. It uses various laser and camera sensors, for safety, object detection, and navigation. The sensor allows AMRs to detect distance and direction to all objects in a field of view, up to a 5 meter range.
Key facts about Sonair
- Founded Year: 2022
- Location: Oslo (Norway)
- Annual Revenue: $0 - $1M as on Dec 31, 2024
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 37 as on Aug 31, 2026
- Investors: Scale Capital, Investinor and 6 Others
- Latest Funding Round: Series A, Sep 17, 2025, $*****
- Highlight: Editors' Pick
2. Normet
Provider of equipment and chemicals for mining and construction industries. This business supplies end-to-end solutions for core processes in underground mining, tunnelling, and civil engineering projects. Offerings include rock reinforcement systems, sprayed concrete technology, and machinery for logistics, lifting, and installation tasks. The company focuses on enhancing safety and operational efficiency through the integration of digital tools and automation in demanding work environments. Solutions are developed to support sustainable practices in critical excavation and infrastructure development.
Key facts about Normet
- Founded Year: 1962
- Location: Adelaide (Australia)
- Stage: Acquired
- Employee Count: 1,922 as on Aug 31, 2026
- Investors: CapMan and ProVenture
- Highlight: Acquired
3. TravelKhana
Online platform offering travel-friendly meal options for on-the-go consumption. It provides a range of ready-to-eat and easy-to-carry food items tailored for travelers. The platform is designed to help users access convenient and nutritious meals during their journeys.
Key facts about TravelKhana
- Founded Year: 2012
- Location: Noida (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.47M
- Employee Count: 31 as on Aug 31, 2026
- Investors: Aeroflex Enterprises Ltd, LetsVenture and 112 Others
- Latest Funding Round: Seed, May 17, 2018, $*****
- Highlight: Editors' Pick
4. GasSecure
Provider of wireless gas detection systems for industrial applications. These systems enhance safety by protecting personnel and assets across various industries. The company offers a portfolio of wireless gas detectors, including the GS01 and Polytron 6100 EC WL, allowing customers to select from different radio standards. The technology utilizes infrared technology and SafeWireless for reliable and efficient gas detection.
Key facts about GasSecure
- Founded Year: 2008
- Location: Oslo (Norway)
- Annual Revenue: $1M - $10M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $7.26M
- Employee Count: 7 as on Aug 31, 2026
- Investors: Viking Venture, Investinor and 2 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2015, $*****
- Highlight: Acquired
5. Numascale
Numascale provides turnkey systems for the Big Data Analytics market. They combine optimized and maintained open source software with unique share memory architecture to deliver solutions that are extremely scalable. Numascale's NumaConnect technology enables scalable server computer systems to be built at a fraction of the price of current enterprise systems. It provides a node controller which uses an on-chip multidimensional fabric interconnect reducing cost and complexity. It allows high volume manufactured server boards to be used as building blocks for systems with features that are only found in the high-end enterprise servers. It provides full support for virtualization of processing, memory and IO resources.
Key facts about Numascale
- Founded Year: 2008
- Location: Oslo (Norway)
- Stage: Acquired
- Total Funding till date: $8.43M
- Employee Count: 59 as on Aug 31, 2026
- Investors: Equinor, Investinor and 2 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2017, $*****
- Highlight: Acquired
ProVenture's Year-on-Year Investment Trends
ProVenture has invested in 55 companies over the last 19 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Sonair and most recent follow-on round was in Sonair.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 1 | 2 |
2022 | 3 | 0 | 3 |
2021 | 1 | 1 | 2 |
2020 | 3 | 0 | 3 |
2019 | 3 | 1 | 4 |
2018 | 5 | 0 | 5 |
2017 | 0 | 1 | 1 |
ProVenture's Investments by Stage
ProVenture has made 27 investments in Seed stage with an average round size of $2.63M, 9 investments in Series A stage with an average round size of $4.79M, 2 investments in PE stage with an average round size of $1.6M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 27 |
Series A | 9 |
PE | 2 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
ProVenture's Investments by Sector
ProVenture has a diverse portfolio, with companies operating in the Enterprise Applications, Energy Tech, Consumer, Semiconductors and Energy. Notably, it has invested in 35 Tech companies, 34 Enterprise (B2B) companies, 20 Software companies and at least 10 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Energy Tech | 8 |
Consumer | 5 |
Semiconductors | 5 |
Energy | 3 |
Others | 33 |
Note: We have considered here, only first round of investments
ProVenture's Investments by Geography
ProVenture has made most investments in Norway (36), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
Norway | 36 |
India | 2 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
ProVenture's recent investments
ProVenture has not made any investment in 2026 so far.Here are the most recent investments by ProVenture:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 17, 2025 | Norway | Series A | 5386 | [+3] | |
Apr 11, 2024 | Norway | Seed | 5734 | [+2] | |
May 23, 2023 | Norway | Seed | 8614 | [+1] | |
Mar 09, 2023 | Norway | Seed | 6566 | [+1] | |
May 16, 2022 | Norway | Series A | 6374 | [+3] |
Acquired companies in ProVenture's Portfolio
15 companies from ProVenture's portfolio have been acquired. The most recent acquisition was Ace Well Technology in Jan 2025 by Varel Energy Solutions for $*****.Here are ProVenture's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 06, 2025 | Jan 16, 2015 | Seed | 5069 | |
May 16, 2023 | - | - | 7149 | |
Mar 02, 2023 | - | - | 2836 | |
Nov 14, 2022 | Jan 29, 2019 | Seed | 9397 | |
Jun 02, 2021 | Jun 13, 2013 | Series A | 2382 |
Team profile of ProVenture
ProVenture has a team of 7 members including 7 Partners located in Norway. ProVenture's team does not sit on the board of any company as of now.Here is a list of all team members in ProVenture:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Trondheim | - | - | |
Partner | Trondheim | - | ||
Partner | Stavanger | - | ||
Partner | Trondheim | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - |
Co-investors of ProVenture
Over the past 19 years, 171 investors have co-invested in ProVenture's portfolio companies. This includes funds and angels.
- Invested before ProVenture: Astarc Ventures, Bluecap Mobile and 105 others have invested in rounds before ProVenture. There is 1 company where Astarc Ventures has invested before ProVenture and 1 company where Bluecap Mobile has invested before ProVenture.
- Top Co-investors of ProVenture: 50 investors entered a company along with ProVenture. These include investors like Investinor (7 companies).
- Invested after ProVenture: A total of 14 investors have invested in ProVenture's portfolio after their investments. Top Investors include Investinor (2 companies), Europa (2 companies) and Skyfall Ventures (1 company).
Recent News related to ProVenture
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ProVenture leads 60MNOK seed round in Cimon MedicalProVenture•Dec 11, 2020•ProVenture, CIMON Medical
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ProVenture and Investinor back Ace Oil ToolsUnquote•Feb 17, 2015•Ace Well Technology, Investinor, ProVenture
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Verdande Technology Raises $8M in Funding |FinSMEsFinSMEs•Oct 23, 2012•Verdande Technology, Investinor, ProVenture
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GasSecure Raises NOK 33M |FinSMEsFinSMEs•Mar 15, 2010•GasSecure, ProVenture, Viking Venture, Investinor
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