Alliance Venture Polaris and Alliance Venture Spring are funds investing in early-stage growth companies within the ICT industry in Norway. The funds are administered by the Norwegian venture capital firm Alliance Venture.
Alliance Venture Polaris was established at the end of 2006. Shareholders of the Alliance Venture Polaris fund has committed about MNOK 172. In addition, Innovation Norway has contributed with a subordinated loan of about MNOK 167. Total assets under management in the fund amount to MNOK 339
Alliance Venture Spring was formally established in Q2 2014. Shareholders of the Alliance Venture Spring fund has committed about MNOK 260. As a designated nationwide seed fund, Alliance Venture Spring has received additional state funding of about MNOK 250. Total assets under management in the fund amount to MNOK 510
Kistefos owns 17.0% in Alliance Venture Polaris and 5.6% in Alliance Venture Spring, and are consequently the largest private shareholder in both funds.