A Norway based venture capital firm that focuses on green technology and life sciences is launching their fourth fund, which will be dedicated to life science and human medicine, the firm is actively seeking opportunities in the early-stage therapeutics space. The firm’s primary investment focus spans from seed to series A. While the firm prefers co-investment, it remains open to leading rounds and can facilitate their formation. The firm is an active investor and a board seat is typically required. Geographically, the firm is agnostic but maintains a focus on the Nordic region.
With life science and healthcare, the firm is focused on therapeutics, including traditional drugs and therapies as well as technologies that improves healthcare outcomes, such as therapy enabling technologies, health-economics related technologies, and relevant diagnostics and monitoring tech/devices. The firm is not interested in traditional medtech.
Within the therapeutics realm, the firm is interested in degenerative and regenerative medicines, immunology, autoimmune diseases, and therapies targeting neurodegenerative diseases like dementia and Parkinson’s. The firm is also interested in orphan drugs. The firm seeks first-in-class assets that are genuinely innovative and cater to a unique niche or less crowded space, and prefer this over best-in-class assets that operates in a space with fierce competition and has been well-established by large pharma players. The firm considers companies from preclinical to early clinical phases. The firm is open to engaging with entrepreneurs during the research or conceptual phases before firm incorporation, but investments are typically made post-incorporation.
The firm is an active investor that closely collaborates with its portfolio companies on both scientific and business/commercialization fronts. The firm is open to working with scientists or technical founders who may lack extensive experience in business and commercialization, especially in earlier phases such as research or pre-clinical stages. However, they does seek founders who envision the target product profile from the company’s inception and acknowledge the risks and challenges involved in reaching commercialization. Therefore, the firm seeks founders who are receptive to communication and open to considering advice and guidance from investors.
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