A laid-back evening here at Nordic Innovation House yesterday as Norwegian Alliance Venture gathered investors, bankers and entrepreneurs for schmoozing, food and refreshments.
With about $100 million in funds under management, the venture capital firm focuses on early-stage Norwegian tech-startups with prospects for international expansion. The firm is one of the companies hosted here at Nordic Innovation House and was our first sponsor back in 2011.
“We look for companies with unique technologies and global potential,” said Alliance Venture Managing Partner Jan-Erik Hareid. Alliance helps drive Norwegian companies onto the global stage. A presence in Silicon Valley, with its network of investors, tech-specialists and entrepreneurial infrastructure, is vitally important to achieve this, he said.
In Norway, Alliance Venture is at the frontier in early-stage investment in tech-startups. Investors include some of Norway’s biggest companies in telecommunications and banking and Alliance’s diverse investment portfolio numbers a range of international companies. Some of which, such as Arundo Analytics and Fusetools, are based at NIH.
“It’s a mix of all sorts of roles in the tech industry,” said Alliance Partner and REACH Project Manager Arne Tonning about the evening’s attendees. Events like these are important in strengthening the VC’s relationship with the Silicon Valley network through both maintaining old and forging new friendships and relations, he said.
Tonning added, “It’s nice to get to know the people, our colleagues and friends.”