Norselab, a Norwegian investment company that focuses on providing funding to technology companies in order to support and accelerate their building and growth, gets investment from Capricorn Investment Group.
Capricorn Investment Group, a California-based investment firm that currently manages $10 billion in multi-asset class portfolios, has taken 20% stake in the Norwegian investment company Norselab. Michaela Edwards, partner at Capricorn Investment Group, stated that the key factors behind this decision were the excellent track record of the Norselab team and their aspiration to create a bigger ecosystem of funds.
The partner who is in charge of the investment of Capricorn is Edwards, who goes on to add before saying that they are thrilled to help scale their impact investment platform:
“With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe.”
There are many opportunities to seize in the Nordics, according to a partner at Capricorn Investment Group
Norselab was founded in 2015 and has been operating ever since, with areas of focus such as venture building, technology startups, business intelligence, sharing economy and many more. The company has made its first impact-focused fund in 2020 as “Meaningful Equity I” and is currently expanding in this area. According to Yngve Tvedt, the founder and CIO of Norselab, their portfolio companies will gain greater access to international resources with this development and Capricorn Investment Group will connect them with the global market in terms of impact investment.
The investment signifies new beginnings for both parties, since it is the first strategic move of Capricorn Investment Group into the Nordics. According to Michaela Edwards, the Nordic region offers many opportunities for impact and high returns.
Originally published on ArcticStartup : Original article