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MTI Vekst AS is an early-stage investment company based in Oslo, Norway, with an additional office located in the Research Park of the University of Southeast Norway (USN) in Vestfold. Founded to support technology-driven startups, MTI Vekst operates as an investment community where experienced investors actively participate in selecting and monitoring individual companies. This collaborative approach allows for a diverse range of insights and expertise to be applied to portfolio companies.
The firm focuses on investing in companies that have established customers and a proven business model but require capital and assistance for accelerated growth. Currently, MTI Vekst manages a portfolio of 13 companies, emphasizing sectors such as SaaS, AI, IoT, healthcare, and edtech. The organization typically invests between 5 to 10 million NOK (approximately $500K to $1M) per round, aligning with its mission to foster growth in promising startups.
MTI Vekst AS invests in companies demonstrating significant growth potential, particularly those with a technology focus capable of disrupting existing markets. The firm typically seeks startups that already have a product or service on the market, possess customers and cash flow, and require capital for further growth. Their investment range is usually between 5 to 10 million NOK, which translates to approximately $500K to $1M.
The sectors of interest include software (especially SaaS), electronics development, IoT, IIoT, artificial intelligence, and micro and nanotechnology. MTI Vekst favors clear, scalable, and preferably subscription-based business models, emphasizing the importance of building competitive barriers. The firm is particularly focused on post-product, post-revenue startups with established customers and proven business models that need growth capital.
MTI Vekst AS has invested in a diverse range of companies, totaling 13 in its portfolio. Notable investments include:
These companies reflect MTI Vekst's commitment to investing in technology-driven solutions that have the potential to disrupt their respective markets.
Edvin Austbø: Investor at Alden AS, brings extensive experience in early-stage investments.
Sigge Ollendorff: Investor at Lucienne AS, specializes in technology investments.
Bjørnar Olsen: Authorized Financial Analyst at BO-BO Invest AS, has a strong background in financial analysis.
John Helge Fjellheim: Investor at Rabakken Invest AS, focuses on growth-stage companies.
Richard Urbanski: Investor at TTC Invest AS, experienced in venture capital.
Christian Storm: Investor at Bleke Invest AS, has a keen interest in technology startups.
Truls Tvete: Private Investor and Managing Director at Polaris Industries, brings operational expertise.
Johan Lindqvist: Active Leader and Investor at Windchange AS, focuses on sustainable investments.
Roy Gausaker: General Manager at Envo AS, experienced in managing growth companies.
Andreas Hojem Olsen: CEO and Co-owner at AHO Invest AS, specializes in early-stage funding.
To pitch MTI Vekst AS, founders should visit their website at mtivekst.no. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Founders should expect a response time of approximately 2-4 weeks after submission. Warm introductions are preferred, but not mandatory.
As of April 2023, MTI Vekst AS continues to expand its portfolio, focusing on technology-driven companies in Europe. The firm has recently made investments in several startups within the SaaS and AI sectors, reflecting its commitment to supporting innovative solutions.
In March 2023, MTI Vekst announced its participation in a funding round for a medtech startup specializing in early warning systems for ischemia, showcasing its focus on healthcare technology. The firm is actively seeking new investment opportunities and continues to engage with founders across various technology sectors.
What are MTI Vekst's investment criteria?
MTI Vekst focuses on early-stage companies that have established customers and a proven business model. They typically invest in technology sectors with significant growth potential, particularly those that can disrupt existing markets.
How can I pitch to MTI Vekst?
Founders can submit their pitches through the MTI Vekst website at mtivekst.no. It is advisable to include detailed information about the product, market potential, and financial projections in the pitch deck.
What is the typical check size MTI Vekst invests?
MTI Vekst typically invests between 5 to 10 million NOK, which is approximately $500K to $1M per round. This investment is often made alongside co-investors.
What makes MTI Vekst different from other investors?
MTI Vekst operates as an investment community, allowing experienced investors to actively participate in the selection and monitoring of portfolio companies. This collaborative approach provides startups with valuable insights and support.
What geographic areas does MTI Vekst focus on?
The firm primarily focuses on investments within Europe, with a strong emphasis on Norway, particularly in Oslo and Vestfold.
What kind of support do portfolio companies receive?
MTI Vekst provides not only capital but also strategic guidance and support through its community of experienced investors, helping portfolio companies scale effectively and build competitive barriers in their respective markets.
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