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Sagene Tech Ventures operates as a pre-seed venture fund, investing in Norwegian business-to-business Software as a Service companies. The firm delivers early-stage capital, augmented by strategic guidance and network access. Its investment strategy frequently involves matched funding via Innovation Norway, prioritizing startups that have already secured paying customers to validate market demand.
Established in Oslo in 2016, the fund was founded by eight experienced individuals: Åsmund Furuseth, Axel Gustavsen, Marius B. Steen, Jostein Magnussen, Hans Kristian Grani, Anette Kristin Bø Andreassen, Stig André Jacobsen, and Kjetil Moløkken-Østvold. Their collective entrepreneurial history provided the insight to build this dedicated support structure for Norway's B2B SaaS sector.
Sagene Tech Ventures primarily serves qualifying Norwegian B2B SaaS startups, providing capital and mentorship. The firm's vision centers on fostering portfolio growth by leveraging its founders' experience and networks. It aims to empower innovative technology businesses, guiding them toward lasting market success.
Sagene Tech Ventures has 1 tracked investment across 1 company. The latest tracked deal is $6.0M Seed in Vev in May 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2021 | Vev | $6.0M Seed | EQT Ventures | Skyfall Ventures |