Post by Herøya Industripark AS

Did you know Vestfold and Telemark have their own risk capital fund? Friar Venture is a regional investment fund built to help technology companies in Vestfold and Telemark grow faster. With a flexible investment mandate and local presence, the fund supports ambitious founders from early growth to scale-up. Friar Venture is managed by Skagerak Capital, currently Norway’s most active investment firm, with around NOK 1.5 billion under management — bringing both capital and hands-on experience to the region. 👉 If you’re building a tech company in Vestfold or Telemark, Friar Venture could be the partner that helps take you to the next level. 🚀 “Access to risk capital is absolutely critical if good ideas are to grow into viable companies,” says Espen Kjeldsen, managing director of Friar Venture. “The recapitalisation of Friar Venture sends a clear signal that entrepreneurship and innovation in Vestfold and Telemark are being prioritised. There are many strong technology environments here, but without capital, growth simply stops.” One of the companies receiving follow-on investment is Herøya-based Norhybrid Renewables AS. The company has developed Europe’s only mobile, modular energy solution combining solar, wind and battery technology. “This support, combined with other funding, allows us to enter new markets and recruit the expertise we need to grow,” says Carl Ivar Holmen, CEO. 👇 Read more 👇