The fund Incitia Ventures II has received close to NOK 190 million in committed capital from leading Norwegian venture fund investors including AS Selvaag Invest, KLP Kapitalforvaltning and DnB NOR. Other investors in the fund include private investment firms as well as smaller institutional investors. The objective is to reach a committed capital base of NOK 300 million for the new fund. Another closing is targeted for later this year or early next year.
Incitia Ventures II focuses on investments in technology based emerging companies primarily in the Norwegian market.