# Kistefos Venture Capital

> Kistefos Venture Capital is a VC fund backing Software and Financial Services. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 25
- Last investment: Jan 2024
- Lead investor: 44%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/kistefos-as
- Website: http://www.kistefos.no/

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.

## Contacts

5 contacts available for Kistefos Venture Capital. Shizune tracks 7 team members at Kistefos Venture Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/kirkland-ellis?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $700k–$4M |
| Series A | $3M–$16M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 20% |
| Financial Services | 4 | 16% |
| SaaS | 3 | 12% |
| Machine Learning | 3 | 12% |
| FinTech | 2 | 8% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 7 | 28% |
| Seed | 6 | 24% |
| Series A | 6 | 24% |
| Pre-Seed | 1 | 4% |
| Series B | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 5 | 20% |
| Singapore | 5 | 20% |
| Sweden | 2 | 8% |
| Ireland | 1 | 4% |
| United States | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Damien Coles | Partner | 0 | https://shizune.co/investors/profile/damien-coles |
| Bengt A Rem | CEO | 1 | https://shizune.co/investors/profile/bengt-a-rem |
| Christen Sveeas | Founder | 0 | https://shizune.co/investors/profile/christen-sveeas |
| Erik Borgen | Investment Director | 0 | https://shizune.co/investors/profile/erik-borgen |
| Gunnar Jacobsen | Investment Director | 0 | https://shizune.co/investors/profile/gunnar-jacobsen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |

10 of 25 investments shown.

## Co-investors
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund, 8 deals together
- [1982 Ventures](https://shizune.co/investors/profile/1982-ventures) — VC Fund, 6 deals together
- [Investible](https://shizune.co/investors/profile/investible) — VC Fund, 6 deals together
- [kipleX](https://shizune.co/investors/profile/kiplex) — VC Fund, 4 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 3 deals together
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund, 3 deals together

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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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