• Cleantech with focus on energy efficiency and smart grid
• Energy sector related 
• Telecom infrastructure

Experience

Established in January 2012 with a team that brings a long history of successful venture investments and an impressive track record in entrepreneurship and value creation. Contango provides advisory services to Energy Future Invest AS and Contango Ventures II AS.

How much do they invest?

• Funding size: First time investments, MEUR 1-3
• Ownership: Typically 10-40%
• Board representation: Minimum one board seat
• Investment horizon: 3-5 years
• Stage:
  • Close to positive cash flow 
  • Aligned exit strategy defined
  • Distressed situations/companies

How do they work?

Contango Kapital AS commits considerable time and resources in every investment in order to ensure that each portfolio company takes the right decisions and the right steps to create value and growth. 

This makes a difference to them

1. Strong management teams: teams that have relevant experience, proven success and clear leadership in their chosen field
2. Attractive market: global market opportunities with compelling needs
3. Unique and defensible solutions: technology based solutions with barriers towards competitors, and product scalability
4. Business model: companies to have rational revenue models with strong margins and a clear growth path
5. Exit opportunities: strategy for exit and follow-up investments

Key People

Tore Schiøtz - Managing Partner 

Mr. Schiøtz has previously served as Group Senior Vice President of Hafslund and as Managing Director of Hafslund Venture. During the latter period, Mr. Schiøtz played a key role in the development of Hafslund’s ownership in Renewable Energy Corporation (REC). Mr. Schiøtz joined Hafslund from his previous position as Managing Director of the investment company Centurum AS. Mr. Schiøtz also has extensive work experience with Storebrand Spar, where he served as the company’s investment director, and as a consultant at Arthur Andersen.  

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Bjørn Einar Kihl - Partner 

Mr. Kihl has previoulsy worked in Hafslund Venture and he has a broad range of experience from the telecom sector, including start up companies. Mr. Kihl has first hand experience with product development and commercialization into international markets. 

Linkedin 

Startups they funded

1. Hiddn
2. Phonect
3. Campadre
4. Biowater Technology