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Futurum Ventures is a technology investment fund based in Trondheim, Norway, established in 2023 as the successor to Wiski Capital. Founded by a group of experienced co-founders, including Øystein R. Skiri and Gustav Magnar Witzøe, the fund aims to support visionary entrepreneurs in building and scaling successful tech companies. The final close for Futurum Ventures Fund I was capped at MNOK 500, approximately $47 million, in late 2023.
The fund continues the legacy of Wiski Capital, which invested in notable companies such as Tibber, Easee, Choose, and Optio. Futurum Ventures is still in its early stages, focusing on technology companies at the Seed to Series A stages, with a commitment to sustainability and innovative technology. The firm operates globally, with a particular emphasis on Europe, and is well-positioned to leverage Norway's strong tech ecosystem.
Futurum Ventures invests in technology companies at the Seed to Series A stages, emphasizing both B2B and B2C models. The fund is particularly interested in companies that leverage a SaaS business model, either independently or alongside hardware. Key investment areas include efficient software solutions, smart hardware for data aggregation, and technologies that promote sustainability and the transition to renewable energy.
The firm seeks companies with global potential and ambition, focusing on three main themes: efficient future technologies that address high-value, cumbersome processes; digital and connected solutions that utilize smart hardware and machine learning; and clean and sustainable innovations that facilitate the transition from fossil fuels to renewables. This thematic lens aligns with the growing demand for innovative solutions in sustainability and technology.
Futurum Ventures continues the legacy of Wiski Capital, which has previously invested in notable companies such as:
Current portfolio highlights include:
Futurum Ventures is actively building its portfolio, focusing on companies that align with its investment thesis in technology and sustainability.
Øystein R. Skiri - Founding Partner. Øystein has extensive experience in venture capital and technology investments, previously working with Wiski Capital. He focuses on identifying and supporting innovative tech startups.
Gustav Magnar Witzøe - Co-founder. Gustav is one of Norway's wealthiest young investors and the son of SalMar founder Gustav Witzøe. His background in finance and investments brings significant capital access to the fund.
Monika Inde Zsak - Partner & Co-founder. Monika has a strong background in technology investments and plays a key role in sourcing and evaluating potential portfolio companies.
Lars Lydersen - Partner & Co-founder. Lars brings expertise in operational support and strategic guidance for portfolio companies, enhancing their growth potential.
To pitch Futurum Ventures, founders should visit their website at futurum.vc. It is essential to include a comprehensive deck that outlines the business model, market opportunity, and how the startup aligns with sustainability goals. Futurum Ventures prefers pitches that clearly articulate the startup's vision and potential impact.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial, as they can enhance the likelihood of a favorable review.
In late 2023, Futurum Ventures successfully closed its first fund, Futurum Ventures Fund I, at MNOK 500 (approximately $47 million). This milestone marks a significant step for the firm as it begins deploying capital into promising technology startups.
Futurum Ventures has also been actively communicating its mission and investment focus through its website, emphasizing its commitment to supporting visionary tech entrepreneurs. The firm has participated in funding rounds for companies like Installer, which raised €3.8 million in seed funding.
What are Futurum Ventures' investment criteria?
Futurum Ventures invests in technology companies at the Seed to Series A stages, focusing on B2B and B2C models. The fund emphasizes companies with global potential, particularly those utilizing SaaS and promoting sustainability.
How can I pitch to Futurum Ventures?
Founders can submit their pitches through the Futurum Ventures website at futurum.vc. It is recommended to include a clear business model, market analysis, and how the startup aligns with sustainability goals.
What makes Futurum Ventures different from other investors?
Futurum Ventures focuses specifically on technology and sustainability, leveraging its founders' expertise and networks to support portfolio companies effectively. The fund's commitment to clean energy and innovative tech solutions sets it apart.
What is the typical check size for investments?
The average round investment is approximately $3.81 million per company, reflecting the fund's strategy to support early-stage companies with significant growth potential.
What geographic areas does Futurum Ventures focus on?
While Futurum Ventures operates globally, it has a particular emphasis on sourcing investments from Europe, aligning with its commitment to sustainability and technology.
What kind of support does Futurum Ventures provide to its portfolio companies?
The fund offers strategic support, leveraging its network and expertise in technology and sustainability to help entrepreneurs scale their businesses effectively.
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