# Viking Growth

> Viking Growth is a VC fund backing Software and Information Technology. See 29 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Trondheim, Norway
- Total investments: 29
- Last investment: Jun 2024
- Lead investor: 52%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/viking-venture
- Website: http://www.vikingventure.com

Viking Growth is a VC fund in Trondheim focused on Software and Information Technology. Viking Venture makes growth equity investments in scale-up companies in the Nordics and the Netherlands. Our investment focus is business to business software companies with international growth potential. Founded in 2001, Viking Venture currently has over NOK 3.5 billion under management and is headquartered in Trondheim, Norway.

## Contacts

5 contacts available for Viking Growth. Shizune tracks 11 team members at Viking Growth. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/viking-venture-management?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5M–$8.3M |
| Private Equity | $12M–$19M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 12 | 41% |
| Information Technology | 7 | 24% |
| SaaS | 5 | 17% |
| Marketing | 3 | 10% |
| Oil and Gas | 3 | 10% |

49 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 11 | 38% |
| Private Equity | 6 | 21% |
| Series A | 3 | 10% |
| Series B | 2 | 7% |
| Venture - Series Unknown | 2 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 16 | 55% |
| Sweden | 3 | 10% |
| Denmark | 1 | 3% |
| United States | 1 | 3% |
| United Kingdom | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Joar Welde | Partner | 3 | https://shizune.co/investors/profile/joar-welde |
| Jostein Vik | Partner | 4 | https://shizune.co/investors/profile/jostein-vik |
| Andreas Davies Sandbu | Head of Operational Excellence | 0 | https://shizune.co/investors/profile/andreas-davies-sandbu |
| Andreas Loktu | Senior Investment Associate | 0 | https://shizune.co/investors/profile/andreas-loktu |
| Eivind Bergsmyr | Partner | 6 | https://shizune.co/investors/profile/eivind-bergsmyr |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Checkproof | CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally. |  | Venture - Series Unknown | Jun 04, 2024 |  |
| HR-Friend | HR-friend is building a best of breed group within HR software which will offer customers solutions for talent acquisition, onboarding and talent management | $19.3M | Private Equity | Jul 09, 2021 |  |
| Attensi | Attensi’s gamified simulation training represents a radically new method to achieve real behaviour change in large organisations. Simulations are different from other training solutions – and measurably more effective. Our solutions blend gamification and realism with deep insights from workplace psychology to make your staff training engaging | $26M | Venture - Series Unknown | Apr 08, 2021 |  |
| Encode Marketing Software | You probably know the challenge: producing the entire portfolio of marketing materials at the right cost - without spending too much time and too many resources. What you need is a workflow tool!Marketing today is about processes and data, and that is the core of Encode. We are the market-leading efficiency and automation platform for retailers,agencies, manufacturers and brand owners. We help to streamline their marketing production processes to deliver increased productivity and cost savings for Multi-channel output. At Encode, we have a 360-degree approach to your Time to Market. We work to boost your agility and your commercial benefits by identifying all possible optimizations. At Encode, we simplify all levels of the marketing production process. Encode’s software creates smart end-to-end functionality that delivers the ability to speed content planning, creation, approval and management.Each employee in Encode is specialized within their field, and as a team, we complement each other. That’s why we can offer our customers 360 degrees of professional services.We are SAAS/cloud-based and have all in one system: Multi-Channel Marketing Management Creative Project Management Product Content Management Brand ManagementExperts within the following industries: Retailers Agencies Private label product manufacturing Brand owners Financial Services Content factories | $12.2M | Private Equity | Jan 11, 2021 |  |
| Encode Marketing Software | You probably know the challenge: producing the entire portfolio of marketing materials at the right cost - without spending too much time and too many resources. What you need is a workflow tool!Marketing today is about processes and data, and that is the core of Encode. We are the market-leading efficiency and automation platform for retailers,agencies, manufacturers and brand owners. We help to streamline their marketing production processes to deliver increased productivity and cost savings for Multi-channel output. At Encode, we have a 360-degree approach to your Time to Market. We work to boost your agility and your commercial benefits by identifying all possible optimizations. At Encode, we simplify all levels of the marketing production process. Encode’s software creates smart end-to-end functionality that delivers the ability to speed content planning, creation, approval and management.Each employee in Encode is specialized within their field, and as a team, we complement each other. That’s why we can offer our customers 360 degrees of professional services.We are SAAS/cloud-based and have all in one system: Multi-Channel Marketing Management Creative Project Management Product Content Management Brand ManagementExperts within the following industries: Retailers Agencies Private label product manufacturing Brand owners Financial Services Content factories | $12.2M | Private Equity | Jan 11, 2021 |  |
| TimeLog |  | $13.1M | Private Equity | Nov 13, 2020 |  |
| Fotoware | Enabling people and organizations to do more with their content! Fotoware is a Norwegian software company that, in the space of 30 years, has become a world-leading provider of Digital Asset Management (DAM) solutions. Fotoware was founded in 1997 by Ole Christian Frenning (former press photographer 1974-1985 and photo editor of Aftenposten1985-1991) and Anders Bergman (former leader of development at Hasselblad Electronic Imaging 1985 - 1994) and was one of the first vendors in the world to offer a DAM system.More than 250,000 users and 4,000 customers in a wide range of industries worldwide use FotoWare today.Besides enabling our users to do more with their content, we also care about diversity and leadership. We are driven to make a difference by ensuring equality and diversity in the tech industry. Our team is composed of members with different backgrounds, education, and levels of experience. 40% of us are female and 52% of our employees are below 30 years old. |  | Private Equity | Jun 30, 2020 |  |
| EcoOnline | EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics. |  | Private Equity | Feb 26, 2020 |  |
| Flowbox | Flowbox is an award-winning SaaS company offering a User-Generated Content platform (UGC platform) to help brands leverage and distribute social content throughout the buyer journey to increase engagement, social proof and sales. Flowbox’s heart lies in how technology can help brands generate and use owned, paid, earned and user generated contentfor a more effective, converting and transparent marketing and e-commerce. Through our platform, our customers are able to collect, moderate and publish content to their website, online shop and social channels. | $8.3M | Series A | Feb 05, 2020 |  |
| Asolvi | Asolvi is the provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry.With nearly 100 years of combined experience developing solutions for a broad array of field service sectors, Asolvi is the supplier of choice for companies seeking greater flexibility, scalability and profitability.Their three powerful products — Evatic, Tesseract and WinServ — are used in 30 countries by 800 customers, managing thousands of engineers, millions of contracts, and tens of millions of service tasks.Their mission is to continue creating, developing and honing new functionality and solutions for the largely under-served SME market, through collaboration and close relations with their customers. By understanding the issues, needs and preferences of SMEs, they’re in a prime position to deliver the robust and intelligent solutions that their increasingly service-oriented economy demands. |  | Private Equity | Sep 05, 2019 |  |

10 of 29 investments shown.

## Co-investors
- [Ferd](https://shizune.co/investors/profile/ferd-venture) — VC Fund, 3 deals together
- [Alliance VC](https://shizune.co/investors/profile/alliance-venture) — VC Fund, 2 deals together
- [Innovacom](https://shizune.co/investors/profile/innovacom) — VC Fund, 2 deals together
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund, 2 deals together
- [Nordic Venture Partners (Sweden)](https://shizune.co/investors/profile/nordic-venture-partners) — VC Fund, 2 deals together
- [SINTEF Venture AS](https://shizune.co/investors/profile/sintef-tto) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund

### Similar stage
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund

### Similar country
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund
- [Skyfall Ventures](https://shizune.co/investors/profile/skyfall-ventures) — VC Fund

## Featured in investor lists
- [All Investors in Norway](https://shizune.co/investors/investors-norway)
- [All VC Funds in Norway](https://shizune.co/investors/vc-funds-norway)
- [Software VC Funds in Norway](https://shizune.co/investors/software-vc-funds-norway)
- [Software Investors in Norway](https://shizune.co/investors/software-investors-norway)
- [Manufacturing Investors in Norway](https://shizune.co/investors/manufacturing-investors-norway)
- [Manufacturing VC Funds in Norway](https://shizune.co/investors/manufacturing-vc-funds-norway)

## FAQ

### What does Viking Growth invest in?

Viking Growth invests primarily in Software, Information Technology and SaaS startups, most often at Funding Round and Private Equity stage. Most of the 29 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Viking Growth's check size?

Viking Growth typically joins rounds of $5M–$8.3M at Series A and $12M–$19M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Viking Growth participates in.

### How do I contact Viking Growth?

Public channels for Viking Growth 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 Viking Growth?

The team at Viking Growth includes Joar Welde (Partner), Jostein Vik (Partner) and Andreas Davies Sandbu (Head of Operational Excellence), among 11 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co