# Telenor

> Telenor is a VC fund in Fornebu backing Financial Services and Banking. See 4 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Fornebu, Norway
- Total investments: 4
- Last investment: Nov 2024
- Lead investor: 25%
- Last updated: Sep 2026
- LinkedIn: http://www.linkedin.com/company/telenor-group
- X (Twitter): http://twitter.com/TelenorGroup
- Website: http://www.telenor.com

Telenor is a telecommunications company focused on mobile communication, fixed line communication, and TV-based activities. The company’s mobile communication activities include voice, data, Internet, and content services, as well as customer equipment and electronic commerce, while its fixed network activities include analog PSTN, digital ISDN,broadband telephony, xDSL, Internet, and leased lines, as well as other communication solutions. The company’s TV-based operations include satellite dish, cable TV-networks, and satellite master antenna TV-networks systems. Telenor was founded in 1885 and is headquartered in Fornebu, Norway.

## Contacts

5 contacts available for Telenor. Shizune tracks 13 team members at Telenor. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/telenor?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $25k–$36k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 2 | 50% |
| Banking | 1 | 25% |
| FinTech | 1 | 25% |
| Finance | 1 | 25% |
| Payments | 1 | 25% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 2 | 50% |
| Seed | 1 | 25% |
| Corporate Round | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Hungary | 2 | 50% |
| Pakistan | 1 | 25% |
| Lithuania | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Benedicte Fasmer | President and CEO | 0 | https://shizune.co/investors/profile/benedicte-schilbred-fasmer |
| Heidi Finskas | Member of the Corporate Assembly | 0 | https://shizune.co/investors/profile/heidi-finskas |
| Jon Baksaas | President & CEO | 0 | https://shizune.co/investors/profile/jon-fredrik-baksaas |
| Joslin Myrthong | SVP | 0 | https://shizune.co/investors/profile/joslin-myrthong |
| Jukka Leinonen | Head of Nordic cluster | 0 | https://shizune.co/investors/profile/jukka-leinonen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Telenor Microfinance Bank (TMB) | Telenor Microfinance Bank Limited operates as a commercial microfinance bank. The company provides micro mortgage for crop and trade financing; business and emergency loans; micro leasing; term deposit accounts; micro savings; and group loans to men and women in urban and rural areas. It serves low-income, salaried, self-employed, and microentrepreneurs. | $10M | Corporate Round | Nov 18, 2024 | https://www.telenorbank.pk/index.html |
| Sensorita | We deliver industrial processes optimization solutions for Industry 4.0 | $3.3M | Seed | Jul 03, 2024 |  |
| ff.next (previously Family Finances) | ff.next offers design-driven mobile banking solutions for financial innovators with a special focus on younger customers, including off-the-shelf, boxed solutions that are all easy-to-customise, design-driven and white-label as well as an end-to-end service from UX research, through UX/UI design to implementation. These solutions enable banksand fintech companies to engage younger generations, Millennials & GenZ customers with design-oriented digital interfaces.The company has two flagship products called Flint and RocketMoney.Flint is a mobile-first, end-to-end remote lending solution, which is capable of executing credit scoring through a mobile platform, therefore loan application can take only 20 minutes. The solution uses public registers, therefore most of the user data is automatically filled in and its cleanliness is also guaranteed. RocketMoney is a family banking solution we offer together with GoSave, a Californian fintech startup. We together cover the whole youth banking lifecycle by serving the 6-12 years old with a next generation piggy bank and the 12-18 years old with an allowance management application helping youngsters manage, save and also make money in a smart way. Our vision is to conquer the youth banking space with our GoSave and provide financial innovators with the right solutions to increase financial consciousness and literacy. | $35.7K | Pre-Seed | Dec 01, 2017 | http://ffnext.io |
| VIMAGE App | Vimage is a photo editor and cinemagraph animator app for iOS and Android. They provide services that include photos and videos. Their customers' inquiries are addressed through phone, email, and online applications. | $25K | Pre-Seed | Oct 10, 2017 | https://vimageapp.com/ |

4 of 4 investments shown.

## Co-investors
- [Ant Group](https://shizune.co/investors/profile/ant-group) — VC Fund, 1 deal together
- [Brick & Mortar Ventures](https://shizune.co/investors/profile/brick-mortar-vc) — VC Fund, 1 deal together

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## FAQ

### What does Telenor invest in?

Telenor invests primarily in Financial Services, Banking and FinTech startups, most often at Pre-Seed and Seed stage. Most of the 4 investments tracked by Shizune back companies in Hungary. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Telenor's check size?

Telenor typically joins rounds of $25k–$36k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Telenor participates in.

### How do I contact Telenor?

Public channels for Telenor include LinkedIn, X (Twitter) 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 Telenor?

The team at Telenor includes Benedicte Fasmer (President and CEO), Heidi Finskas (Member of the Corporate Assembly) and Jon Baksaas (President & CEO), among 13 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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