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Momentum Partners is a venture capital firm founded in 2013 and based in Bergen, Norway. The firm focuses on early-stage investments in companies that prioritize sustainability and climate impact in their business models. Momentum Partners has raised three funds, with the latest, Fund III, receiving a €25M anchor commitment from the European Investment Fund (EIF), underscoring its credibility in the climate tech space.
As of now, Momentum Partners manages approximately $27M in assets under management (AUM) and has a portfolio of around 20 companies. The firm emphasizes a hands-on approach, providing not only capital but also expertise and support to help portfolio companies scale effectively. Their office is located in Media City Bergen, a hub for innovation and technology.
Momentum Partners has established a strong reputation for its commitment to sustainability, focusing on sectors such as ocean industries, agriculture, renewables, and construction/property. The firm aims to build next-generation technologies that address pressing global challenges, ensuring that sustainability is at the core of its investment strategy.
Momentum Partners primarily invests in early-stage companies, typically entering at the pre-seed and seed stages. The firm targets sectors that include climate, energy, ocean industries, agriculture, renewables, and construction/property, with a strong emphasis on sustainability and climate impact. Their investment thesis seeks teams with bold visions and scalable solutions that align with their mission of fostering mutual trust and collaboration between founders and investors.
The average investment round size is approximately €2M, allowing Momentum to support its portfolio companies effectively as they grow. The firm operates with a geographic focus on Europe, particularly the Nordic region, and aims to invest in around 20 companies per fund. Momentum Partners looks for founders who are not only innovative but also committed to creating impactful solutions that address environmental challenges.
Momentum Partners has built a diverse portfolio of companies that align with its focus on sustainability and climate impact. Notable portfolio companies include:
This portfolio reflects Momentum's commitment to investing in innovative technologies that address climate challenges across various sectors.
Arve Janbu Fresvik: Managing Partner. Arve has extensive experience in venture capital and has led numerous investments in sustainability-focused companies. His background includes roles in both investment and operational capacities within the tech sector.
Hilde Støle Pettersen: Managing Partner. Hilde brings a wealth of knowledge in early-stage investing and has a strong track record in supporting startups in the climate tech space.
Svein Ove Langeland: Managing Partner. Svein has a background in finance and investment management, with a focus on sustainable investments and technology-driven solutions.
Christian Møgster: Investment Director. Christian specializes in identifying and evaluating investment opportunities in the sustainability sector, leveraging his expertise to support portfolio companies.
To pitch to Momentum Partners, founders should use the contact email post@momentumpartners.no or submit through their website at momentumpartners.no. It is important to include a comprehensive deck that outlines the business model, market analysis, and alignment with sustainability goals. Momentum Partners values clear communication and expects a timely response to inquiries.
In 2024, Momentum Partners announced the closing of Fund III, which received a €25M anchor commitment from the European Investment Fund (EIF). This significant backing highlights the firm's credibility and commitment to sustainability-driven investments.
Momentum Partners continues to maintain an active presence in the venture capital landscape, focusing on innovative companies that align with their mission of addressing climate challenges. Their portfolio reflects a diverse range of sectors, including ocean industries, agriculture, and renewable energy.
What are Momentum Partners' investment criteria?
Momentum Partners focuses on early-stage companies that prioritize sustainability and climate impact. They typically invest at the pre-seed and seed stages, looking for teams with bold visions and scalable solutions in sectors such as ocean industries, agriculture, renewables, and construction.
How can I pitch to Momentum Partners?
Founders can pitch to Momentum Partners through their website at momentumpartners.no or via email at post@momentumpartners.no. It is advisable to include a clear business model, market analysis, and how your startup aligns with their focus on sustainability.
What makes Momentum Partners different from other investors?
Momentum Partners emphasizes a hands-on approach, providing not only capital but also expertise and support to help portfolio companies scale. They prioritize building trust and collaboration between founders and investors, ensuring aligned interests in achieving impactful growth.
What is the typical check size for Momentum Partners?
The average investment round size is approximately €2M, allowing the firm to support its portfolio companies effectively as they grow.
What geographic areas does Momentum Partners focus on?
Momentum Partners primarily focuses on Europe, with a particular emphasis on the Nordic region. They aim to invest in companies that are addressing climate challenges within this geographic scope.
What types of support do portfolio companies receive?
Momentum Partners provides operational support, mentorship, and access to a network of resources to help portfolio companies grow. They are actively involved in the development of next-generation technologies focused on sustainability.
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