Kistefos Venture Capital
VC Fund
Oslo, Norway
Kistefos Venture Capital is a VC fund in Oslo focused on Software and Financial Services. Kistefos focus on investing between NOK 10m and NOK +100m in each company, aiming at obtaining a significant ownership stake. Kistefos is opportunistic with regards to sectors, company sizes, life-cycle stages and geographies. Kistefos’ investment strategy selectively seeks out a diverse range of proprietary transactions in companies of varioussizes, including build-ups, growth capital, rescue financings and buyouts.Kistefos is an active partner to the management teams and founders, providing considerable internal resources to ensure the long-term value creation through identification of the key value drivers. Furthermore, we operate under a flexible investment mandate, giving us the opportunity to optimally support our portfolio companies throughout our ownership period.
- Total investments:
- 25
- Last investment:
- Lead investor:
- 44%
Last updated:
For AI agents: llms.txt
Industries Kistefos Venture Capital invests in
Stages Kistefos Venture Capital invests in
Countries Kistefos Venture Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $700k–$4M
- Series A
- $3M–$16M
Investment Focus
Industry
- Software 5 (20%)
- Financial Services 4 (16%)
- SaaS 3 (12%)
- Machine Learning 3 (12%)
- FinTech 2 (8%)
Stage
- Funding Round 7 (28%)
- Seed 6 (24%)
- Series A 6 (24%)
- Pre-Seed 1 (4%)
- Series B 1 (4%)
Country
- Norway 5 (20%)
- Singapore 5 (20%)
- Sweden 2 (8%)
- Ireland 1 (4%)
- United States 1 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Damien Coles
Partner
|
Partner | Total investments: 0 | Find email | |
Bengt A Rem
CEO
|
CEO | Total investments: 1 | Find email | |
Christen Sveeas
Founder
|
Founder | Total investments: 0 | Find email | |
Erik Borgen
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
Gunnar Jacobsen
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
| See all 7 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
fileAI (formerly bluesheets)
|
Powered by AI and machine learning, we deliver the most cutting-edge technology to businesses worried about the time-consuming and costly data gathering and verification methods. We automate the reading and processing of all financial data, whether online or offline – the result: fast and accurate processing that produces the full scope offinances the same day. | $6.5M / Series A / Jan 22, 2024 | |
fileAI
|
fileAI is the enterprise intelligence company behind fileForge - the leading platform for complex business process automation. Where most AI falls short in production, fileForge provides the structure, validation, and traceability that makes agentic AI reliable by design. It unifies data capture, preparation, governance, and orchestration intoauditable, SOP-driven workflows that transform unstructured and semi-structured data into trusted, reusable process intelligence. Trusted by global enterprises including MS&AD, Toshiba, PwC, KPMG, Nippon Paint, and Keppel, fileAI has processed over 1 billion files across finance, insurance, supply chain, healthcare, and core business operations - delivering governed automation and contextual reuse for the world's most complex workflows.For more information, visit www.file.ai. | $6.5M / Series A / Jan 22, 2024 | |
PaperShell
|
PaperShell is building back paper into sustainable, load bearing natural fiber components. Using science, we reverse engineer paper back into high tech artificial 3D-wood components. Stronger than plastics, versatile like glass fibre and lighter than aluminium. Enabling our clients to switch materials in new or exciting products. Helping them makesubstantial GHG reduction and transition to a circular bio economy. | $11.3M / Aug 07, 2023 | |
Workclass
|
Workclass is a social hiring platform for front line staff. | $3M / Seed / Dec 24, 2022 | |
|
Workclass
|
Workclass is a social hiring platform for front line staff. | $3M / Dec 23, 2022 | |
Hemispherian
|
Hemispherian is a biotechnology firm that formulates new treatments for all kinds of cancer. | $3M / Series A / Nov 24, 2022 | |
Semine
|
The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma) | $3M / Series B / Jul 15, 2022 | |
|
fileAI
|
fileAI is the enterprise intelligence company behind fileForge - the leading platform for complex business process automation. Where most AI falls short in production, fileForge provides the structure, validation, and traceability that makes agentic AI reliable by design. It unifies data capture, preparation, governance, and orchestration intoauditable, SOP-driven workflows that transform unstructured and semi-structured data into trusted, reusable process intelligence. Trusted by global enterprises including MS&AD, Toshiba, PwC, KPMG, Nippon Paint, and Keppel, fileAI has processed over 1 billion files across finance, insurance, supply chain, healthcare, and core business operations - delivering governed automation and contextual reuse for the world's most complex workflows.For more information, visit www.file.ai. | $4M / Seed / May 26, 2022 | |
|
fileAI
|
fileAI is the enterprise intelligence company behind fileForge - the leading platform for complex business process automation. Where most AI falls short in production, fileForge provides the structure, validation, and traceability that makes agentic AI reliable by design. It unifies data capture, preparation, governance, and orchestration intoauditable, SOP-driven workflows that transform unstructured and semi-structured data into trusted, reusable process intelligence. Trusted by global enterprises including MS&AD, Toshiba, PwC, KPMG, Nippon Paint, and Keppel, fileAI has processed over 1 billion files across finance, insurance, supply chain, healthcare, and core business operations - delivering governed automation and contextual reuse for the world's most complex workflows.For more information, visit www.file.ai. | $1.5M / Pre-Seed / Nov 13, 2021 | |
Surer
|
Surer is a cloud-based web platform to solve inefficiencies within the insurance industry. The platform helps intermediaries work with clients and insurers with greater speed and efficiency through automation. | $1M / Seed / Oct 13, 2021 | |
| See all 25 investments → | |||
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FAQ
What does Kistefos Venture Capital invest in?
Kistefos Venture Capital invests primarily in Software, Financial Services and SaaS startups, most often at Funding Round and Seed stage. Most of the 25 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Kistefos Venture Capital's check size?
Kistefos Venture Capital typically joins rounds of $700k–$4M at Seed and $3M–$16M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Kistefos Venture Capital participates in.
How do I contact Kistefos Venture Capital?
Public channels for Kistefos Venture Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Kistefos Venture Capital?
The team at Kistefos Venture Capital includes Damien Coles (Partner), Bengt A Rem (CEO) and Christen Sveeas (Founder), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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