Firms

Skagerak Capital

Skagerak Capital

Skagerak Capital is a Norwegian venture and growth investment manager backing B2B software, AI and deep technology businesses with international growth potential and a positive environmental impact. It focuses on companies with proven customer demand and helps them scale through active ownership, operational support, board work and acquisitions. It also selectively backs industrial hardware and manages regional seed and growth funds for Agder, Innlandet, Telemark and Vestfold. Founded in 2006, the firm combines investment capital with commercial and technical expertise across Norwegian and Nordic markets.

Founded
2006
Type
Venture capital

Funds2

  • Skagerak Capital VNOK 400M

    Venture and growth fund backing Norwegian and Nordic B2B companies in AI, climate technology, ocean technology, property technology and resource efficiency, with selective deep-tech hardware investments. Nysnø publicly announced its NOK 50 million LP commitment on August 22, 2025. Skagerak subsequently confirmed the fund's NOK 400 million first close in its December 2025 release; the exact legal closing day is not supplied by these primary sources. The first-close amount is distinct from the manager's cumulative historical capital raised and any later fundraising target.

  • Friar VentureNOK 75M

    Regional early-stage and growth technology fund managed by Skagerak Capital for companies headquartered in Telemark and Vestfold with international ambitions. Launched in December 2023 with NOK 75 million, it targets expansion to NOK 150 million. The manager reported NOK 85 million in investment capital in July 2025. The launch amount, later capital increase and fundraising target describe the same fund.

Team

Operations and support

Erik Edvard TønnesenCo-Founder, Adviser and Chair of Regional Funds
Karoline Hegreberg YuzerInvestment Manager
Tone KvåleInvestment Manager
Trym SkeieCo-Founder, Adviser and Chair of Venture Funds

Co-investing

Aidiom
Anna Olsson
Bertil Helseth
Butterfly Ventures
Core Eqty

Investments