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SVIT AS, founded in 2015 by Marcus Bomann, is a Norwegian venture capital firm based in Norway. The firm is dedicated to societal value creation through innovative technology, operating as an early-stage fund that invests both capital and expertise into promising growth companies. SVIT AS aims to empower entrepreneurs to transform their ideas into successful commercial ventures, with a goal of investing in 40 startups by 2034.
The organization is structured as an Aksjeselskap (AS), which is a Norwegian private limited company. SVIT AS combines its capital with the expertise of its wholly-owned subsidiary, Tech Norway, to support entrepreneurs in their journey to create impactful solutions. This dual approach enhances the firm's ability to navigate challenges and scale businesses effectively.
SVIT AS has established a proactive growth plan, reflecting its commitment to expanding its portfolio and making a significant impact in the technology sector. The firm actively maintains a blog to publish updates and articles related to its portfolio and initiatives, showcasing its engagement with the startup community.
SVIT AS invests in early-stage startups, particularly within the technology sector, including artificial intelligence, healthcare, software as a service (SaaS), and consumer products. The firm operates primarily in Europe and focuses on pre-seed, seed, seed+ (extension), and Series A stages. SVIT AS emphasizes societal impact as a core aspect of its investment strategy, seeking to create value not only for investors but also for society at large.
The organization combines its capital investment with the expertise of Tech Norway, which provides multidisciplinary consulting services focused on technology and business development. This collaboration allows SVIT AS to support entrepreneurs effectively, helping them to navigate challenges and scale their businesses. The firm looks for founders who are committed to creating impactful solutions and who align with its mission of societal value creation.
SVIT AS has invested in several notable companies, including:
These companies reflect SVIT AS's commitment to investing in innovative technologies that have the potential to create significant societal value.
Marcus Bomann - CEO & Founder; he founded SVIT AS with a vision to create societal value through innovative technology. He decided at age 15 to contribute to making the world simpler and better through technology.
Harald Fredrik Ulltveit-Moe - Partner at Accello AS; brings extensive experience in business development and investment.
Sten Kirkbak - Partner at Accello AS; specializes in technology investments and strategic growth.
Jon Smestad - Partner at 3c Holding AS; focuses on operational support and scaling strategies for startups.
Carl Smestad - Partner at 3c Holding AS; has a background in technology and business development.
Lars Solberg - Partner at Sjøheim AS; experienced in investment management and strategic planning.
Bjørn Eide - Partner at Esmar AS; focuses on technology-driven investments.
Carl Eide - Partner at Esmar AS; specializes in operational support for portfolio companies.
Erik Haugane - Partner at Kørven AS; has expertise in scaling technology startups.
Eva Hoff - Partner at Pelle Conelli AS; focuses on investment strategy and portfolio management.
Olav Medhus - Partner at Fiorano AS; experienced in venture capital and startup growth.
Christian Wee - Investor; brings a wealth of experience in early-stage investments.
To pitch SVIT AS, founders should visit their website at svitventures.com. The firm prefers clear and concise presentations that outline the business model, market opportunity, and societal impact of the startup. While specific application forms are not mentioned, a well-structured pitch deck is essential.
SVIT AS values warm introductions but is open to direct pitches through their website. Response times may vary, so founders should be prepared for potential follow-up discussions.
As of April 2023, SVIT AS continues to actively engage with its portfolio companies and the broader startup community. The firm maintains a blog where it publishes updates and articles related to its initiatives and investments.
SVIT AS has set a goal to invest in 40 startups by 2034, reflecting its proactive approach to expanding its portfolio and supporting innovative growth companies.
What are SVIT AS's investment criteria?
SVIT AS focuses on early-stage startups in the technology sector, particularly those that emphasize societal impact. The firm invests in pre-seed, seed, seed+, and Series A stages, looking for companies that align with its mission of societal value creation.
How can I apply or pitch to SVIT AS?
Founders interested in pitching to SVIT AS can visit their website at svitventures.com. The firm encourages entrepreneurs to present their ideas and business models clearly, highlighting how their solutions create societal value.
What makes SVIT AS different from other venture capital firms?
SVIT AS distinguishes itself by combining capital investment with expertise from its wholly-owned subsidiary, Tech Norway. This unique approach allows the firm to provide comprehensive support to its portfolio companies, helping them navigate challenges and scale effectively.
What is the geographic scope of SVIT AS's investments?
SVIT AS primarily invests in early-stage startups located in Europe, focusing on companies that operate within the technology sector.
What is the fund size or check size for SVIT AS?
While specific fund size details are not disclosed, SVIT AS aims to invest in 40 startups by 2034, indicating a proactive approach to expanding its portfolio. Check sizes typically align with early-stage funding rounds.
What kind of post-investment involvement does SVIT AS have?
SVIT AS provides ongoing support to its portfolio companies through its subsidiary, Tech Norway. This includes access to industry expertise, mentorship, and resources to help entrepreneurs scale their businesses effectively.
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