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 17.4% in Alliance Venture Polaris and 5.6% in Alliance Venture Spring, and are consequently the largest private shareholder in both funds.
For further informationon Alliance Venture Polaris or Alliance Venture Spring, please visit www.allianceventure.com