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Capsulate Software AS

Capsulate helps people make better buying decisions—together. Our software is built specifically for medium to large organisations that want to bring more intelligence, transparency, and adaptability into their procurement process. What makes Capsulate different is its balance: it gives individuals the freedom and flexibility to act with confidence, while helping the organisation as a whole learn, improve, and evolve with every decision made. We recognise that the role of the procurement professional is changing fast. There’s no “one-size-fits-all” tool for the future—but there can be a platform that grows with you. Capsulate is built to be that platform: a catalyst for transforming how your procurement team works, learns, and leads.

Regenics AS

reGenics is a marine biotech company that leverage the science of unfertilized salmon roe to combat a global health problem: wound healing, diabetic ulcers and psoriasis. The company was one of the very few that was given the seal of excellence from EU, which makes it highly valued by associated and potential partners. One of them being a global well-known wound healing company , which also makes the case for possible exit opportunities in this intriguing investment case.

Kyoto Group AS

At Kyoto we work to decarbonise industrial energy consumption by increasing the share of renewable energy sources used to generate industrial process heat. Kyoto Group AS was founded in 2018, and consists of 9 skilled full time employees, plus a handful of great helpers. Our largest investors are solid and forward leaning industry leaders in the green energy transition: Hydro Energi Invest AS, Kongsberg Innovasjon AS, and Valinor AS.

Stingray Marine Solutions

Stingray Marine Solutions AS offers intelligent technology for the aquaculture industry. The mission is to facilitate sustainable, intelligent and increased salmon production. Through the use of camera vision, advanced software, data collection and laser technology, the Stingray system removes sea lice from the fish in a gentle, efficient and welfare friendly way. BIG DATA is collected, integrated, structured and presented as useful reports to farmers. This enables Stingray users to secure better fish welfare, reduce handling of the animals and harvest smarter from the sea.

Loyalty AS

Loyalty is the former TM division of Bring Dialog Norge and originally started its operations in 1995. Today, Loyalty is a Nordic provider of customer service, appointment setting, and call center services, with more than 400 employees across its offices in Oslo, Drammen, and Stockholm. To deliver the best possible solutions to its customers, the company is guided by three core values that define everything they do: integrity, reliability, and structure. Since 2018, Loyalty has been certified as a Great Place to Work and has several times been recognized as one of the best workplaces in Norway within its category.

ProTag AS

ProTag is building a Digital Product Passport platform that helps manufacturers and product owners manage and share product data across their supply chains. We solve the growing challenge of fragmented, unstructured information by combining a network-driven SaaS platform with AI that turns messy supplier data into structured, usable product intelligence. Across industries, a new reality is emerging: products are no longer just physical objects, they are data assets. To sell, operate, and scale, companies need reliable information about what goes into their products, where it comes from, and how it evolves over time. The problem is that this data does not exist in one place. It is scattered across suppliers, stored in PDFs, buried in emails, or locked inside disconnected systems. Most companies today are trying to manage this with spreadsheets and manual processes. That might work internally, but it breaks down completely across a supply chain. This creates a structural problem: • Companies depend on data they do not own • Suppliers struggle to provide consistent information • Teams spend significant time chasing, cleaning, and validating data At the same time, external pressure is increasing. Customers, partners, and regulators are all asking for more transparency. What used to be “nice to have” is quickly becoming required to do business. The result is a growing gap between what companies need to know about their products and what they can actually access and trust. ProTag gives companies a way to build a live, structured view of their products across the entire supply chain. Instead of trying to centralize everything manually, we connect the different actors and let data flow where it is created. Companies use ProTag to: • Organize product data in a consistent structure • Request and receive information directly from suppliers • Keep everything updated as products evolve • Share product data with customers and partners when needed AI plays a critical role in making this scalable. We use AI to: • Turn unstructured documents into structured product data • Identify gaps, inconsistencies, and risks in real time • Reduce the effort required to onboard suppliers and maintain data quality What makes ProTag different is how it scales. We are not just building a tool for a single company. We are building a network. When one manufacturer joins ProTag, their suppliers are invited in. When those suppliers join, they can reuse their data across multiple customers. Over time, this creates a shared data layer where: • Information becomes easier to access • Data quality improves naturally • Switching costs increase for everyone involved We do not replace existing systems. We sit on top of them and connect them. This makes adoption fast and reduces friction from day one. We started ProTag because we experienced this problem firsthand. Working in industries with complex products, we saw how much time was spent chasing information that should have been readily available. Engineers, quality teams, and commercial teams were all dealing with the same issue from different angles, but there was no real solution. At the same time, the direction of the market became clear. Transparency around products is increasing, not decreasing. The amount of data required is growing fast. Most companies are not prepared for this shift. We realized this is not just a workflow problem, it is an infrastructure problem. The way product data is managed today does not match how supply chains actually work. That is why we are building ProTag. Our ambition is simple: to become the default way companies manage and share product data across supply chains. Once that layer exists, it unlocks everything else.

Compli

Compli is a compliance operating system that transforms laws and regulatory requirements into structured, operational workflows inside a company. Instead of delivering static reports or raw risk data, Compli identifies gaps between regulations and a company’s existing procedures, and turns them into concrete actions, documented decisions, and continuous follow-up. It integrates regulatory updates, supplier risk, internal routines, and ESG reporting into one unified execution engine. Our vision is to build the infrastructure layer for regulatory intelligence in Europe — where compliance is no longer manual, reactive work, but an automated system that strengthens businesses every day.

Disputefy

Disputefy is building the internet’s dispute arena, a platform where people can quickly and interactively vote, react, and comment on trending topics, from sports and entertainment to politics, tech, and lifestyle. With Disputefy, anyone, from influencers to everyday users can: - Host a topic with two clear sides (A vs B) - Invite their audience to vote, react, and share their take - See results instantly with live percentages and trending reactions - Discover trending disputes to join and engage with We’re making debate fun, social, and measurable, creating a new type of interactive content that encourages participation and drives engagement, while giving a clear pulse of public opinion in real time.

Tiny Studios

Welcome to Tiny Studios, where technology meets creativity to revolutionize the dance studio and instruction industry. Founded by globally recognized dancer Mona Berntsen—whose career includes collaborations with Justin Bieber, Madonna, Coldplay, and Chris Brown—Tiny Studios is inspired by her deep understanding of the unique challenges dance studios face daily. The platform is designed to handle all aspects of studio management, including scheduling, booking, payments, communication, and business analytics, empowering studio owners and instructors to focus on their art rather than administrative tasks. Backed by venture studio Reodor, Tiny is on a fast track to disrupt a global market, with plans to launch in the US in 2025. Already in operation with paying customers and significant market interest, Tiny Studios offers a compelling opportunity for a visionary CTO to join the journey and make an immediate impact.

Pistachio

Pistachio is the first and only fully automated and personalized cybersecurity awareness training and attack simulation platform. Our platform sends attacks and training directly to employees’ inboxes, and adjusts to each user’s needs, all without an IT admin having to do a thing. We are also the first and only product in this space to offer an online signup.

StarCruiter International AS (Ltd.)

THE URGENT ISSUE IN TODAY'S JOB MARKET IN THE NORDIC COUNTRIES: ✪ Traditional recruitment prioritizes CV algorithms and keywords over human potential, by an astonishing 90%. When ATS/AI control who gets seen, we lose the most important factor: the human behind the CV. This creates not just unemployment, but social exclusion - when people can't find work, they lose connection to society and experience profound isolation. ✪ Todays recruitment methods are narrowly fixated purely on qualifications and historical experience, relying heavily on algorithms to sift through CVs. This approach overlooks the unique talents and motivations of individuals, drivingforces, personality and thus missing out on valuable opportunities for growth and success. ✪ THE RESULT: People are often using ChatGPT or Copilot to write their applications + HR are using AI to read them = nobody is getting hired. ✪ Sweden struggles with high youth unemployment and urban-rural divides. Refugee integration remains uneven, and platform work is eroding traditional protections. Union influence is waning, especially in tech and service sectors. ✪ Denmark’s famed flexicurity model is under pressure. Women are overrepresented in part-time roles, and older workers exit early. Gig work is expanding faster than regulation, challenging collective bargaining norms. ✪ Finland faces persistent long-term unemployment and mental health-related exclusion. Industrial restructuring is shifting jobs to tech hubs, leaving peripheral regions behind. Labor mobility remains low despite retraining efforts. In conclusion; the Nordic countries face mounting labor market exclusion despite strong welfare models. Norway leads with 700,000 adults outside the labor force, driven by regional stagnation, immigrant underemployment, and early retirement. The green and digital transitions are creating jobs—but not where displaced workers live. THE PERFECT STORM FOR US! TURNING THE RECRUITMENT MARKET UPSIDE-DOWN «From employer initiated to 100% talent focused.» Our Solution: Talentity.ai = AI meets empathy! Nordic's first community for job seekers, where talent takes center stage. Meeting the talents, rather than relying on historical data on a piece of paper. Creating an empathic AI, that combines human expertise with technology, supporting decision making and not taking over the entire process.

VGAN AS

We are foodies that aim to change the chocolate and dessert space. A plant-based, sustainable, and socially responsible product series that most people like does not exist, and we want to change this with VGAN.Our goal is to make the world a slightly better place one bite at a time. VGAN is a small Norwegian company. We have developed å high-quality chocolate with acceptance in the market. VGAN– our lifestyle chocolate is to enjoy with a clear conscience It is better for the environment It is better for your health It is made sustainable The VGAN brand is already registered and protected for all snacking categories in the US and the EU The chocolate is organic, fair trade, gluten-free, soy-free, certified kosher, and of course none GMO.

ChargeBnB AS

Around 54% of cars sold in Norway were Electric in 2020 and this is increasing on monthly basis. This trend of Electric Vehicles (EVs) in our society is rapidly increasing globally, while in the EU many countries have now adopted ambitious targets for further expansion of electric mobility. However, the availability of public charging points is not growing at the same speed. According to IEA, 87% of global EV charge points are installed in private locations and are not accessible to the public. This gives rise to the problem of fewer charging options for an increasing number of EVs with no options for private chargers to be active players in the domain of electric mobility. ChargeBnB provides an e-roaming aggregator technology enabling an Airbnb of EV charging by offering enterprise solutions to manage, share and monetize private EV chargers.  Unlocking the potential of around 5.5 Million global private EV chargers using a software solution.

Byndle AS

Byndle AS is a Norwegian technology company based in Trondheim that makes public registry data accessible and useful. On byndle.no, we offer a business database, credit checks, prospecting, and vehicle and property data for business customers, based on data from sources including the Brønnøysund Register Centre, the Norwegian Tax Administration, and the Norwegian Public Roads Administration. On opplysning.byndle.no, we operate a free information service with searches for companies and phone numbers. The company was established in 2014 and is located at Beddingen 16 in Trondheim.

Someday Company

70% of all processes of change fail. We believe that is because it lacks the practical implementation, and thats were we come in. We create engaging games based upon the businesses wanted culture and goals. We at Someday are tired of all the talk from sustainability to remote work to employee engagement and there are so little effort. We wanted to do something about that and we gathered the experience from our times as CEOs, trainers and UX and came up with Someday Business