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§ Venture Capital · Oslo, Norway
Digital venture builder and software development for global clients, focused on fintech, edtech, and consumer ventures in Southeast Asia.
Key people at Fram Venture AS.
Fram Venture AS is a Swedish-Vietnamese software development and digital venture builder based in Ho Chi Minh City, Vietnam, that creates proprietary digital businesses and provides IT consultancy services. The publicly traded company operates across three global offices with a workforce of approximately 130 employees, delivering software engineering solutions to more than 300 clients worldwide. Operating primarily in the fintech, edtech, and consumer sectors across Southeast Asia, the firm builds scalable ventures from scratch and is listed on Nasdaq First North. Its portfolio includes the SME lending platform DragonLend, which has disbursed nearly $9 million in loans and was the subject of a $20 million acquisition letter of intent from GoLogiq in 2023. The organization was founded in 2013 by Max Bergman and Christopher Beselin, the former chief executive officer of Lazada Vietnam.
Key people at Fram Venture AS.
Fram Venture AS has 4 tracked investments across 4 companies. The latest tracked deal is $5.0M Seed in Abel Police in October 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2024 | Abel Police | $5.0M Seed | — | Costanoa Ventures, Greenlight RE, Spark Capital, Y Combinator, Kris Riise |
| Aug 1, 2024 | Garden | $7.0M Seed | — | 468 Capital, ALT Capital, Alumni Ventures, B Capital Group, BoxGroup, Costanoa Ventures, Craft Ventures, Exponent Founders Capital, Aniq Kassam, Founders Fund, Greenlight RE, MassMutual Ventures, Mischief Venture Capital, Multicoin Capital, SciFi VC, Sequoia Capital, Spark Capital, Summit Partners, Susa Ventures, Y Combinator, Kirill Silkin, Kris Riise, LIU Jiang, Peter Kazanjy, RON Pragides |
| Apr 1, 2021 | Shepherd | $540K Seed | — | Costanoa Ventures, Greenlight RE, Spark Capital, Y Combinator, Kris Riise |
| Dec 1, 2020 | Savvie | $830K Seed | — | Antler, Coplex, Kris Riise, Wilhelm Joys Andersen |
# Fram Venture AS
Fram Venture AS is an early-stage investment firm and technology developer based in Oslo, Norway.[5] Founded by Christian Hager in 2014, the firm operates as a professional investment vehicle designed to systematize and scale Hager's diverse project involvement across the Nordic region.[3] The firm functions as a marketplace company with a focus on early-phase investing, positioning itself as both a capital provider and active technology development partner for emerging ventures.
With an average round investment of approximately $507,500 USD, Fram Venture targets the seed and early-stage segments of the startup ecosystem.[3] The firm's dual mandate—combining investment capital with hands-on technology development—suggests a model oriented toward founders who benefit from both financial backing and operational expertise during critical early phases of company building.
Christian Hager established Fram Venture in 2014 with a deliberate mission: to create a professional framework around his portfolio of projects and investments.[3] Rather than operating as a traditional venture capital fund with institutional LPs and rigid fund structures, Hager built Fram Venture as a more flexible vehicle that could accommodate his personal investment thesis while maintaining operational discipline.
The founding reflects a broader Nordic trend of successful entrepreneurs and operators creating their own investment platforms to support the next generation of founders. By positioning the firm as both investor and technology developer, Hager created a model that allows for deeper engagement with portfolio companies beyond capital deployment—a particularly valuable approach for early-stage ventures that often need operational guidance as much as funding.
Fram Venture distinguishes itself by combining capital provision with active technology development capabilities. This positions the firm as more than a passive financial backer, enabling portfolio companies to access both funding and technical expertise from day one.
The firm's concentration on tidligfase (early-phase) investing places it at the earliest stages of company formation, where founder-led guidance and hands-on support can have outsized impact on trajectory and outcomes.
Operating as a marketplace company rather than a traditional institutional fund, Fram Venture maintains the flexibility and decision-making speed that characterizes successful angel and micro-VC platforms. This structure allows for rapid deployment and responsive support tailored to individual portfolio company needs.
Based in Oslo, Fram Venture operates within the Nordic startup ecosystem—a region known for strong technical talent, supportive regulatory environments, and successful exits. This geographic positioning provides portfolio companies with access to a mature but still-growing venture network.
Fram Venture represents a meaningful segment of the Nordic venture ecosystem: the founder-operator-turned-investor model that has become increasingly prominent across Scandinavia. As traditional venture capital has consolidated around larger fund sizes and institutional LPs, platforms like Fram Venture fill a critical gap by providing accessible early-stage capital and mentorship to founders who may not yet fit the profile for institutional rounds.
The firm's marketplace approach aligns with broader trends toward democratized investing and community-driven capital allocation. By operating as a technology developer alongside investor, Fram Venture taps into the growing recognition that early-stage companies need operational support and technical guidance as much as capital—a thesis validated by the success of operator-led funds globally.
The timing of Fram Venture's model is particularly relevant in a Nordic context where the startup ecosystem has matured significantly but still lacks sufficient early-stage capital providers who combine financial resources with deep technical and operational expertise. The firm's focus on early-phase investing positions it to identify and support companies during their most formative stages, when founder-led guidance can meaningfully influence long-term success.
Fram Venture AS exemplifies the evolution of venture capital toward more specialized, founder-friendly models that prioritize hands-on support over institutional scale. As the Nordic startup ecosystem continues to mature and compete globally for talent and capital, firms like Fram Venture that combine investment with operational expertise will likely become increasingly valuable to early-stage founders seeking more than just funding.
The firm's future influence will likely depend on its ability to scale its model—maintaining the founder-led, responsive approach that defines its current positioning while potentially expanding its capital base and portfolio scope. Should Fram Venture continue to generate strong outcomes from its early-stage investments, it could serve as a template for other operator-investors seeking to professionalize their project portfolios while remaining deeply engaged with portfolio company success.
In a landscape where early-stage founders increasingly seek mentorship and operational support alongside capital, Fram Venture's dual mandate positions it well to capture meaningful opportunities in the Nordic tech ecosystem for years to come.
